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Kindle Helps Boost Amazon Sales 18 Percent
Amazon reported an increase in sales of 18 percent for the first quarter, buoyed by sales of its second generation e-book, the Kindle 2. “We're grateful and excited that Kindle sales have exceeded our most optimistic expectations," Jeff Bezos, founder and CEO of Amazon.com, said in a statement. Total revenue came in at $4.89 billion, up ...
Yahoo Shutting Down Geocities
Carol Bartz does not mess around. Ever since taking the helm from the company's long-demonized Jerry Yang, the new Yahoo CEO has made it very clear that her primary objective is streamlining the struggling search giant. The latest casualty of the company's cuts is Geocities. Yes, Geocities is still around--or it was, until now. Yahoo, which ...
Yahoo's Cuts Fall on Geocities; Service Will Shut Down
It's the end of an era. Yahoo announced Thursday (April 23) that it will shut down GeoCities, the Web site building business it acquired a decade ago. “We have decided to discontinue the process of allowing new customers to sign up for GeoCities accounts as we focus on helping our customers explore and build new relationships ...
Google's Schmidt Talks Privacy, Internet Domination
Google CEO Eric Schmidt appeared at his alma mater, Princeton University, on Saturday to discuss the Internet and globalization, Google products that have recently made headlines, and how not to be evil. Schmidt downplayed the recent controversy over whether Google is fleecing the nation's newspapers by putting their content on Google News. “We use newspaper content ...
Colbert Gets a Treadmill, Not a Space Station
NASA on Tuesday named its new living quarters on the International Space Station “Tranquillity," denying television comedian Stephen Colbert his attempt to get the new Node 3 named after himself. Astronaut Sunita L. Williams, appearing on “The Colbert Report" on cable TV network Comedy Central, said NASA will name the new module Tranquility, instead of Colbert ...
Obama Builds Tech Bridge to Cuba
What better way to ease relations with Cuba than iPhones, Twitter, and satellite TV? President Obama on Monday unveiled a plan that will allow U.S. residents to send cell phones, computers, satellite receivers, and more to friends and family in Cuba, and also allow U.S. telecom companies to do business in the country. Obama has “directed ...
Stumbleupon Goes Independent, Again
Less than two years after eBay purchased StumbleUpon for $75 million, the recommendation engine is a standalone company once again. In a blog post, co-founder “gmc" reported that the company is “now a startup again". Gmc, co-founder Geoff Smith, and “several great investors" have taken the comp-any independent again. Terms were not disclosed. “This change will ...
Amazon, Wal-Mart Follow iTunes, up MP3 Prices
That was fast. One day after iTunes upped the price for some of its DRM-free digital downloads to $1.29, Amazon.com and Wal-Mart have also increased their prices to $1.29 and $1.24, respectively. Of the top 100 MP3 downloads currently listed on Amazon.com, eight of them are now priced at $1.29, up from 99 cents. Those include ...
Yahoo Hurrying into Social Apps
Like nearly 200 million other people around the world, Yahoo Inc co-founder David Filo has a Facebook account. But if Filo and new CEO Carol Bartz have their way, the kinds of social networking features available on Facebook will become part of many Yahoo websites and allow their users to network with each other without using ...
Blockbuster Warns That It Might Go Under
Blockbuster Inc, the largest store-based U.S. movie rental chain, said the risk that it may not complete a deal to amend its credit facilities raises “substantial doubt" about its ability to continue as a going concern, according to a securities filing on Monday. Blockbuster Chief Executive Office Jim Keyes warned investors last month that the company's ...
