Groupon was forced to restate earnings results for its first quarter as a public company after discovering “material weakness” in its accounting controls, it said late Friday, forcing us to wonder if they used a Groupon for accounting services. Read More »
Tech
UPDATED. LinkedIn on Thursday announced the financial results from its three months operating as a public company. The company showed off impressive user growth, but that has not started to translate into significantly higher profits. LinkedIn says it’s spending its revenue to reinvest for future growth. Read More »
Ever since co-founder Larry Page took over as CEO in January, Google has been getting more businesslike, shutting down projects like Google Health and now Google Labs. While this may be a sign of maturity, it could also make the company less experimental — and less … Read More »
AOL managed to beat analysts’ estimates for revenue and earnings for the latest quarter, thanks in part to some asset sales that boosted the bottom line. But the company’s advertising business continues to shrink rapidly, even as it’s spending hundreds of millions on acquisitions. Read More »
Google today on its quarterly earnings call broke out some numbers that it doesn’t historically give (and doesn’t promise to give in the future): revenue and monetization rates for display, video and mobile advertising. The intent was to show that Google isn’t just a search company. … Read More »
AT&T’s said today its wireless division grew to account for 45 percent of revenues in the first quarter. Indeed, the carrier is betting big on wireless through the sale of phones with data plans and an emphasis on providing wireless connectivity for the Internet of things. Read More »
Intel this afternoon reported fourth-quarter profits that rocketed past expectations, buoyed by a rebound in the PC market. But unlike the past two decades, the chip maker can’t count on continued growth in PC buying and other familiar benefactors to keep its momentum up. Read More »
The rich mobile carriers got a little richer in the third quarter, as the nation’s top two operators increased their leads over the rest of the field. Verizon Wireless added a million subscribers and posted revenue of $15.8 billion, up 24.4 percent year-over-year, while AT&T … Read More »
Shares of Nokia plummeted after the world’s largest handset maker posted a brutal quarter and a loss of $832 million. And while the company raised its industry outlook for the rest of the year, its dissolving presence in the U.S. is particularly worrisome. And there’s … Read More »
At first glance, it looks like eBay and Amazon are swapping fortunes. eBay’s stock rose 11 percent the day after it posted second-quarter earnings this week, while Amazon’s stock dropped 8 percent in the wake of its own report. Amazon reported better numbers — … Read More »
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