The Pentagon directly accused China of hacking US computer systems to gain access to its military technology. The accusations were part of an 83 page report to Congress on China’s military activity.…
Costs Soaring, Baidu 1Q $328.9M Earnings Disappoint Analysts
Baidu managed to post impressive revenue growth of 40 percent for the first quarter of 2013, but its earnings missed analysts’ expectations due to excessive R&D costs. The company earned $961 million…
Netflix Quarterly Revenue Tops $1B, Subscribers Surpass HBO
Netflix topped expectations with its first quarter revenue report this year, earning $1 billion in quarterly revenue and surpassing HBO’s user base with 29.2 million subscribers. Though HBO does not publish customer…
Spotify Stretches Footprint into Asia, Latin Am, Northern Europe
Battling Pandora for turf in the on-demand music streaming service business, Spotify announced plans to expand its footprint into Asia, Latin America and Northern Europe recently on its blog. The company will…
China’s Ecommerce Market Rakes in $190B in 2012
The China Internet Network Information Center released some startling figures on the growth, size and potential of China’s ecommerce market. The sector earned more than 1.2 trillion RMB ($190 billion) in 2012.…
Facebook’s Like Button Knows You Better than You Do
Facebook knows all about you, more than you probably know about yourself. A new study reveals that Facebook “Like” button data can reveal a surprising amount of information. Studying more than 58,000…
Netflix Goes Social with Facebook Friends
It cost Netflix about $1.5 million in lobbying money to convince Congress to legalize sharing what you watch on your Facebook wall. Last week, just a day before the death of the…
Real Estate Site Trulia Look to Raise $150M for Acquisition Aspirations
Trulia, the real estate listings site that went public last year, is looking to raise about $150 million through selling previously locked up shares. The company will use the funding to purchase…
Facebook Launches Free Calling on iOS App
Facebook may have thrown its idea for a Facebook phone into the virtual trash bin, but that doesn’t mean the company has abandoned voice. Its latest update for its iOS app allows…
Facebook’s New Action Verbs Help You Socialize and Brands Categorize
Facebook enriched its revamped news feed this week with action verbs for developers that enable users to instantly post about their activities. The verbs provide Facebook users an easy way to socialize…