France’s socialist government has claimed a resounding victory for state intervention after forcing General Electric (NYSE:GE) to significantly revise its $16.9bn takeover deal for Alstom’s energy businesses, which both companies approved at the weekend. The government announced on Sunday night it had agreed terms with the French conglomerate Bouygues for its purchase of a 20…
Facebook wants to break the “1% Rule” of Internet culture that says a tiny fraction of users create the content for everyone else. So after a momentary leak last week, today Facebook officially launches Slingshot for iOS and Android in the US, an app where friends send you photos and videos, but you have to…
(NASDAQ:FB) Facebook has updated its Messenger app for iOS devices, giving users the ability to record and send 15-second video messages. Version 6.0 of the app also adds a feature called “Big Likes” — when you really like something, press and hold to send an even bigger “thumbs up” sign. The new version of Messenger…
eBay said on Monday David Marcus, who has led eBay Inc’s fast-growing payments unit PayPal, will step down from the e-commerce company on June 27 to run Facebook messaging products. EBay shares fell about 2 percent in trading after hours. Marcus has led PayPal, which has 148 million active users, for the past two years…
Mark Zuckerberg and other members of Facebook’s board have been sued by a shareholder who claimed a policy letting them annually award directors more than $150 million of stock each if they choose is unreasonably generous. In a complaint filed on Friday night in Delaware Chancery Court, Ernesto Espinoza said the board was “essentially free…
Once again, Twitter, Alibaba, Sprint and T-Mobile US are the major stocks in the news today. Sprint (NYSE:S) and T-Mobile (NYSE:TMUS) have agreed on a $32 billion merger. According to a WSJ report, recent regulatory developments convinced executives at Sprint and T-Mobile US to develop their telecommunications companies with joint forces. A deal approval is…
