Business, Financial & Legal News - Page 230

All the latest Business, Financial & Legal news as it relates to tech, gaming, and science - Page 230.

Google pass $10 billion revenue for Q4 2011

Anthony Garreffa | Jan 19, 2012 8:18 PM CST

Google have released some financial results that might interest some, with Q4 011 and fiscal year ending December 31, 2011 being released. CEO of Google, Larry Page, says:

Google had a really strong quarter ending a great year. Full year revenue was up 29%, and our quarterly revenue blew past the $10 billion mark for the first time. I am super excited about the growth of Android, Gmail, and Google+, which now has 90 million users globally - well over double what I announced just three months ago. By building a meaningful relationship with our users through Google+ we will create amazing experiences across our services. I'm very excited about what we can do in 2012 - there are tremendous opportunities to help users and grow our business.

Google pass $10 billion revenue for Q4 2011 | TweakTown.com

$10 billion revenue for Q4 is very impressive, up 29-percent. Google reported revenues of $10.58 billion for the quarter ending December 31, 2011, an increase of 25-percent when compared to the same quarter in 2010. Google-owned sites generated revenues of $7.29 billion, or 69-percent of total revenues. This is an increase of 15-percent year-over-year. Google's partner sites generated revenues of $2.88 billion, or 27-percent of revenues. This too is a 15-percent increase year-over-year.

International revenues made outside of the United States came to a total of $5.6 billion, representing 53-percent of total revenues for Q4 2011, compared to 55-percent in the third quarter of 2011, and 52-percent from Q4 2010.

Continue reading: Google pass $10 billion revenue for Q4 2011 (full post)

SOPA protests on-going today, what are your thoughts?

Anthony Garreffa | Jan 18, 2012 10:38 PM CST

Bit of a mix-up for the news today. The SOPA protests are on today, and have been for quite a few hours now, with Wikipedia, Google, Reddit and other sites all either showing a protest, or completely going dark for 24 hours.

SOPA protests on-going today, what are your thoughts? | TweakTown.com

The protest is of course in regards to SOPA, the Stop Online Piracy Act which Congress were debating. On top of this, there is PIPA, the Protect IP Act. Today marks a big day for not only the Internet, but you, me, and everyone in between. If SOPA is to get in, it is more or less the end of the Internet as we know it. It would still exist, but it would be heavily modified. Think of it like, if the Internet servers were in two places, North Korea and China, with a huge firewall, and if the dummies in Congress were the managers, and the MPAA gave out some requirements.

Yes, that's a little over-exaggeration, but it's pretty close. This news is just a "we here at TweakTown oppose SOPA/PIPA and any other stupid bill Congress want to push upon the people", and a bit of a tip in case anyone has missed previous news posts in regards to SOPA and PIPA on our site.

Continue reading: SOPA protests on-going today, what are your thoughts? (full post)

Symantec acquire LiveOffice for $115 million

Anthony Garreffa | Jan 18, 2012 1:28 AM CST

Symantec has acquired archiving company LifeOffice, in a deal worth $115 million. Symantec increases its cloud-computing power to fight the battle and be more of an on-premise and software as a service (SaaS) company. Most traditional enterprise-software companies are scooping up cloud-based companies, with SAP purchasing SuccessFactors, and Oracle taking RightNow.

Symantec acquire LiveOffice for $115 million | TweakTown.com

Symantec said in a statement that it will use LiveOffice to bolster its information-governance unit, as LiveOffice provides a cloud-based archiving system. LiveOffice and Symantec were partners before the deal, which it has now fused into one.

Continue reading: Symantec acquire LiveOffice for $115 million (full post)

Research in Motion pushing Samsung to buy them, Samsung refuse

Anthony Garreffa | Jan 17, 2012 11:22 PM CST

Research in Motion, which I'm sure you are aware are popular for their BlackBerry devices, have been going through some rough times lately. I'm sure virtually everyone working at RIM hate Apple and Google for coming in and creating something which took off quickly, and continues to grow at unprecedented rates. I'm talking of iOS and Android-powered devices.

Research in Motion pushing Samsung to buy them, Samsung refuse | TweakTown.com

RIM have slowly been sinking and it's been reported that they are eyeing off every single option they can think of, "in an effort to reverse a negative trend that is approaching a boiling point for investors," says BGR. RIM have reportedly favored an all-out purchase of one or more divisions, or even the entire company. RIM want Samsung to do it, but just after the story went to air, Samsung denied it.

Samsung didn't just slap RIM and walk away, as they are considering licensing RIM's software, or purchasing a portion of RIM's assets. This is better than nothing for RIM.

Continue reading: Research in Motion pushing Samsung to buy them, Samsung refuse (full post)

Wikipedia will go offline in support of SOPA protest

Anthony Garreffa | Jan 17, 2012 4:01 AM CST

SOPA may have been stalled, but the fight is not over, yet. Wikipedia have announced that they are joining in on the Black Out protest which is scheduled for January 18, just mere hours away.

Wikipedia will go offline in support of SOPA protest | TweakTown.com

Wikipedia founder, Jimmy Wales, made the announcement through Twitter today, saying that Wikipedia will be unavailable for 24 hours beginning midnight EST of January 18 (4pm AEDT). Instead of Wiki entries, users will get to the site, and get redirected to a page with a banner saying "The Internet Must Remain Free".

Wikipedia is just one of a number of sites that will suspend operations on January 18, these sites include Minecraft, Reddit, Major League Gaming and the entire Cheezburger network. These black outs and protests are to raise awareness for SOPA and PIPE bills. Hopefully this begins to catapult SOPA and PIPA into the mainstream, and the House drops it. Let's hope they don't rename it, add some spice and throw it in with another bill without anyone knowing. It's not like they would be capable of doing that, again.

Continue reading: Wikipedia will go offline in support of SOPA protest (full post)

SOPA has been stalled, Johnny Drama yells "Victory!"

Anthony Garreffa | Jan 16, 2012 3:23 AM CST

Entourage fan? If not, the title means nothing to you. YouTube it! Big news, SOPA has been stalled everyone, stalled! It was stalled due to a lack of 'consensus'. A lack of consensus with something so big going through Congress. Who would've thought!

SOPA has been stalled, Johnny Drama yells Victory! | TweakTown.com

The backlash from the Internet community with sites like Reddit against it, and the boycotting of companies that supported it like GoDaddy, have helped to force the pathetic bill to be stalled. On Saturday, the House Oversight Chariman, Darrell Issa (R-Calif.) was promised by Majority Leader, Eric Cantor (R-Va.) that the House won't vote on the controversial Stop Online Piracy Act (SOPA) unless there is a consensus on the bill.

Issa said in a statement:

While I remain concerned about Senate action on the Protect IP Act, I am confident that flawed legislation will not be taken up by this House. Majority Leader Cantor has assured me that we will continue to work to address outstanding concerns and work to build consensus prior to any anti-piracy legislation coming before the House for a vote.

Continue reading: SOPA has been stalled, Johnny Drama yells "Victory!" (full post)

Xbox scooped up 40% of all videogame sales during 2011

Anthony Garreffa | Jan 13, 2012 1:18 AM CST

Microsoft has shown its strength just now, with the Xbox taking in nearly half of all consumer spending from physical sales in 2011. Roughly $6.7 billion, or 40-percent of consumer retail spending, was spent on the Xbox, breaking into two separate categories. $2.1 billion on consoles, and $4.6 billion on games, according to NPD data released today.

Xbox scooped up 40% of all videogame sales during 2011 | TweakTown.com

These figures take into account U.S. retail sales of new physical videogame content, inclusive of portable and console hardware, games and accessories. In the collective sectors, they generated revenues of $17.02 billion last year, an 8-percent decline from 2010's $18.6 billion in generated revenues. Out of that $17.02 billion, Microsoft took a very respectable 40-percent of those sales.

The report doesn't include sales from digital formats, with things like downloadable content, social and mobile games, used and rental sales. Those so-called "newer" categories generated $7.24 billion in revenues last year, an increase of 7-percent over 2010. Whilst the increase in spending on alternative formats was there, it wasn't enough to offset the declines in physical retail. Consumer spending across both categories was between $16.3 and $16.6 billion, falling 2-percent from last year.

Continue reading: Xbox scooped up 40% of all videogame sales during 2011 (full post)

eBay and Amazon forecasts for mobile commerce volume in 2012, $8 billion and $7 billion, respectively

Anthony Garreffa | Jan 12, 2012 9:18 PM CST

CES 2012: eBay CEO (and new interim PayPal CEO) John Donahoe, revealed at his CES keynote yesterday a number of new mobile payments forecasts for not only eBay, but PayPal, too. PayPal VP David Marcus said a few days ago that PayPal had surpassed its expectation of $3.5 billion in mobile payments in 2011, reaching $4 billion for 2011.

eBay and Amazon forecasts for mobile commerce volume in 2012, $8 billion and $7 billion, respectively | TweakTown.com

Donahoe said in his CEO keynote that eBay reached $5 billion in mobile GMV (gross merchandise volume), this is a 100-percent jump on 2010's GMV. Donahoe also projected yesterday that eBay would reach $8 billion in mobile GMV in 2012, with PayPal reaching $7 billion in transactions in 2012.

Mobile has more than 65 million downloads of eBay's mobile applications across all platforms. More than 890,000 new eBay shoppers completed their very first eBay purchase via the mobile apps in 2011, an 113-percent increase year-over-year. Donahoe also announced a new strategic partner in eBay's RedLaser barcode scanning app, who is it? Well, it's Best Buy. The app was updated last fall to include integration from PayPal and Milo to give users the ability to buy now for either in-store pick-up, or home delivery later.

Best Buy joins Toys R Us as RedLaser's latest partner.

Continue reading: eBay and Amazon forecasts for mobile commerce volume in 2012, $8 billion and $7 billion, respectively (full post)

Microsoft have (for now) halted plans for Web TV subscription

Anthony Garreffa | Jan 12, 2012 2:25 AM CST

Microsoft has clamped down its plans to launch an online subscription service for TV shows and movies, according to a report from Reuters. Microsoft were deep in discussion with potential programming partners for over 12 months now, and were, up until recently, planning to launch the service in the upcoming months.

Microsoft have (for now) halted plans for Web TV subscription  | TweakTown.com

They have done a 180-degree turn on that decision, after deciding that the licensing costs were too high for the business model they envisaged, according to people "familiar with the discussions". One senior media executive who was involved in these talks, said:

They built Microsoft TV, they demoed it for us, they asked for rate cards but then said 'ooh ah, that's expensive.'

Early versions of the service included the same Kinect-based features such as voice and motion control to change channels, and more. Similar to Netflix, Microsoft's service would've allowed a monthly fee for a package of programming from someone other than your local cable or satellite TV company. Being different to Netflix, Microsoft hoped to offer current TV shows and live networks on their service, which made it a much higher cost proposition.

Continue reading: Microsoft have (for now) halted plans for Web TV subscription (full post)

Reddit prepares for anti-SOPA blackout, planned for January 18 between 8am and 8pm

Anthony Garreffa | Jan 11, 2012 7:44 PM CST

Thank you, Reddit. For being one of the biggest sites on the Internet opposed to the ridiculous, corrupt crap that is SOPA (Stop Online Piracy Act). We've covered it a few times now and I'm completely, 100-percent opposed to it. This is something where everyone needs to be aware, and pass news around as much as possible to make others aware.

If SOPA is passed, everything you know about the Internet will change, completely. It will not be the same. It's pretty much the censorship of the entire Internet. Reddit, being as strong as they are, and very community-based, are fighting against it. Reddit will be blacking out their entire site on January 18 from 8am-8pm EST (1300-0100 UTC) as a protest.

Reddit prepares for anti-SOPA blackout, planned for January 18 between 8am and 8pm | TweakTown.com

Reddit will simply display a message about how the PIPA/SOPA legislation would shut down sites like Reddit, and they'll link users to resources where they can learn more, and suggest ways they can take action. They'll also showcase the live video stream of the House hearing, where Internet entrepreneurs and technical experts will be testifying.

Continue reading: Reddit prepares for anti-SOPA blackout, planned for January 18 between 8am and 8pm (full post)

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