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Facebook (NASDAQ:FB)’s Investor Interpublic (NYSE:IPG) Sells All Remaining Stake – FB, YHOO, GRPN, ZNGA, BIDU

On Tuesday, Interpublic Group of Companies, Inc. (NYSE:IPG) decaled that the investment it made in the social network in 2006 is no longer strategic in nature. It sold its residual investment in Facebook Inc. (NASDAQ:FB) for net cash proceeds of $95M,. CEO of Interpublic, Michael I. Roth articulated that the firm’s investment had increased significantly […]

Groupon (NASDAQ:GRPN) Declares Israeli Website Hack after Gaza Attack – GRPN, FB, YHOO, ZNGA, BIDU

Shares of Groupon Inc (NASDAQ:GRPN) surged more than 4% on Monday after it declared that its Israeli Web site, groupon.il, was compromised by a political hackers group who hacked the site to declare messages threatening Israeli crowds against any ground attack against Gaza. A Groupon spokeswoman, Julie Mossler reported in a statement that the hackers […]

Baidu.com (NASDAQ:BIDU), Qualcomm (NASDAQ:QCOM) Partnership for Cloud services – BIDU, FB, YHOO, GRPN, ZNGA

China’s biggest search engine Baidu.com, Inc. (NASDAQ:BIDU) reported on Monday the firm would offer 30GB of free blur storage to Android strategy built with certain Qualcomm chips, in what’s the newest move by the firm to carve out a attendance in the country’s mobile services sector. Baidu’s limited-time proposal applies in China to two of […]

Expansion in Focus; Google Inc (NASDAQ:GOOG) Invests $75M in 50 MW Wind Farm – GOOG, FB, YHOO, ZNGA, GRPN

Google Inc (NASDAQ:GOOG) declared on Thursday that it has invested $75M in a 50 MW wind farm in Rippey, Iowa, a small town an hour outside of Des Moines. It is Google’s second wind energy investment in the state. In 2010, Google signed a long-standing agreement to purchase green energy for its Iowa data center, […]

Groupon (NASDAQ:GRPN) Hires eBay (NASDAQ:EBAY)’s Executive As A COF – GRPN, FB, YHOO, BIDU, ZNGA

Shares of Groupon Inc (NASDAQ:GRPN) surged more than 3 percent after it announced on Wednesday that it has appointed Kal Raman as a chief operating officer, though he will accountable in front of CEO Andrew Mason. After eBay (NASDAQ:EBAY), Raman joined the daily deals provider firm Groupon in April, where he worked as vice president […]

Zynga Inc (NASDAQ:ZNGA) Announces Modification In Executive Team – ZNGA, YHOO, BIDU, GOOG, AOL

The world’s leading provider of social game services, Zynga Inc (NASDAQ:ZNGA), reported on Tuesday a number of changes to the firm’s executive team. Amid these changes, Mark Vranesh, chief accounting officer, has been hired as a chief financial officer. Mr. Vranesh succeeded David Wehner, who is quiting the firm today to pursue a senior finance […]

Groupon Gains on Turnaround Expectation (GRPN)

The possibility of reporting its first annual profit after becoming a publicly traded entity lured traders to bid for the shares of daily deals company Groupon (NASDAQ: GRPN), taking the stock price upwards for the second consecutive day. The Illinois-based subsidiary of The Point LLC, Groupon operates a web-based marketplace that connects merchants and consumers […]

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