Internet advertising revenues reached $26 billion in 2010, up 15 percent from 2009, according to a new report from the IAB and PricewaterhouseCoopers (PwC). Fourth quarter revenue also hit new highs at $7.45 billion, up 19 percent from Q4 2009 and 15 percent from Q3 2009. As the latest IAB Internet Advertising Revenue Report amply [...]
Global IT spending is on track to total $3.6 trillion in 2011, a 5.6 percent increase from $3.4 trillion in 2010, according to the latest forecast from Gartner. Gartner has included media tablets, such as the iPad, to its computing hardware spending estimates beginning this quarter. Including media tablets has increased Gartners computing hardware growth [...]
Rovio the company behind the popular Angry Birds game, said today it has raised $42 million in Series A investment to help it expand. Currently, Angry Birds is played by 40 million monthly active users, and Rovio says the game has grown from an App Store success to become one of the most popular games [...]
Global spending on information technology climbed to its fastest rate of growth since 2007 last year, driven by pent-up demand for hardware upgrades and infrastructure investment after the financial crisis and global recession of 2009, according to a new report from IDC. The global IT market grew by 8% year over year to more than [...]
Online brokerage firm TD Ameritrade will reimburse $10 million to customers to settle Securities and Exchange Commission charges it misled them when selling shares of the Reserve Yield Plus Fund, a mutual fund that “broke the buck” in September 2008. According to the SEC’s order, TD Ameritrade’s representatives offered and sold the fund through the [...]
Google’s fourth quarter earnings surpassed analysts expectations giving the company its best profitability since 2006. Google reported revenues of $8.44 billion in the fourth quarter of 2010, representing a 26 percent increase over fourth quarter 2009 revenues of $6.67 billion. The company had a profit of $2.54 billion, or $7.81 a share, a 29 percent [...]
Facebook is bringing in revenue at a higher rate than expected, and is set to attract so many investors this year that it will likely have to release financial information similar to a publicly traded company by April 2012, according to a document from Goldman Sachs. Facebook, the top social network in the world, earned [...]
Adobe Systems reported its financial results for the fourth quarter beating analysts expectations and raising its outlook. Adobe said it reached record revenue of $1.008 billion in the fourth quarter, compared to $757.3 million reported in Q4 of fiscal 2009 and $990.3 million in Q3 of fiscal 2010. This represents 33 percent year-over-year revenue growth. [...]
Local social shopping website LivingSocial has secured a $175 million investment from Amazon.com. LivingSocial has also secured an additional $8 million investment from Lightspeed Venture Partners. LivingSocial will use this investment to maintain a steady drumbeat of worldwide launches and overall business growth while continuing to serve more than 10 million subscribers across the U.S., [...]
Whatever Apple’s stock does (or doesn’t do) today, Apple investors have reason to be optimistic about the future. Financial services firm Robert W. Baird has initiated coverage of Apple with an “outperform” rating and a $410 price target. Obviously, the “outperform” rating acts as a complement. No shareholder should be disappointed to hear that an [...]