Yang, the unfairly-maligned co-founder, made the 2005 call for Yahoo to pay $1 billion for a 40 percent share in a little-known Chinese e-commerce company called Alibaba Group. This ranks as one of the most brilliant investment decisions ever. Last fall, Yahoo parlayed that original stake into $6.3 billion in cash and $800 million in preferred shares. And there's more in store as Yahoo still owns roughly 24 percent in Alibaba, which is expected to … Read more
I want to alter your perspective on love and shopping.
Not terribly, actually. But I've had my own mind slightly twisted by an approach to Valentine's Day shopping that might bring you approval from the lover of your dreams.
It seems, you see, that people born at different times of year might experience different gushings of love, depending on what gifts they are offered on love's day of marketing.
Two prominent figures in the Bitcoin arena were arrested on suspicion of money laundering.
Bitcoin exchangers Robert Faiella, known as BTCKing in the Bitcoin community, and Charlie Shrem, CEO of Bitcoin exchange company BitInstant, were charged on Monday as part of a multi-agency crackdown led by the US Attorney's office, the Drug Enforcement Administration, and the Internal Revenue Service.
According to the agencies, the men engaged in a scheme to sell over $1 million in bitcoins for use on the recently shuttered underground drug e-commerce service Silk Road. Both men are changed with "conspiring to commit money laundering, … Read more
It's time for a confession.
I used to have an assistant called Brandy. I drove her nuts, so much so that she went into comedy.
You see, when she had to book my flights, she'd have to remember I'd only fly in Boeings and Airbuses (please, don't ask). And when she had to book my hotels, she had to remember to find out if they had windows that opened.
After awhile, we came to understand each other. She understood that I was mentally impaired. I understood that she understood.
Now, perhaps in a fit of seeing &… Read more
The world in which people have to rent movies one at a time from a video store, or buy individual songs from iTunes has come and gone. These days, Netflix, Spotify, Rdio, and other services are making it easier and easier for people to subscribe to all-you-can-eat plans.
As slow and painful as it has been to get the media giants on board, they've come around. But not in every industry. Take the book publishing industry, for example, which has been even slower than its counterparts to move into a subscription system.
Still, even the book publishers are now … Read more
Google has repaired a bug that automatically filled in an e-mail address in Gmail when accessed from the Google Search results page. The bug had been plaguing the unlucky e-mail account owners since at least Monday, when the bug was first reported.
A reader tipped off Search Engine Land that Google had been caught filling in another person's e-mail address in a new Gmail message whenever anybody signed into a Google account and clicked on the top Gmail sub-link in Google Search results for "Gmail."
On Friday, it was discovered that the bug filled in a Hotmail … Read more
With an eye toward accelerating international expansion, online payments company Stripe has closed an $80 million round of financing that gives the startup a valuation of $1.75 billion.
The new round of financing, which included investment from venture-capital investors Khosla Ventures, Sequoia Capital, and Founders Fund, brings the company's total funding to more than $130 million.
The 4-year-old payment processor plans to use the funding to beef up its infrastructure and expansion into overseas markets. The company launched into 10 markets during 2013 and announced Wednesday the addition of Belgium, Finland, France, Germany, Luxembourg, the Netherlands, and Spain … Read more
eBay's fourth-quarter earnings were better than expected, courtesy of mobile volume, PayPal, and solid marketplace results, but the company's outlook for the first quarter was light. The company also detailed that investor Carl Icahn wants a PayPal spinoff.
The e-commerce company reported fourth-quarter earnings of $850 million, or 65 cents a share, on revenue of $4.53 billion, up 14 percent from a year ago. Fourth quarter non-GAAP earnings were 81 cents a share.
Wall Street was expecting eBay to report fourth-quarter non-GAAP earnings of 80 cents a share on revenue of $4.54 billion.
eBay also has … Read more
SAN FRANCISCO -- Eventually, mobile will be everything, according to PayPal President David Marcus.
That might have been a bold statement a year or even six months ago. But based on traffic and ad revenue figures experienced by some other tech giants lately (see Yahoo and Facebook, for starters), perhaps it's just stating the obvious at this point.
During a sitdown conversation with ReadWrite Editor-in-Chief Owen Thomas on Tuesday evening, Marcus reiterated a prediction made one year ago that within five years, consumers in dense metro areas in North America, Europe, or Asia will be able to complete all … Read more
A couple of downtown Las Vegas casinos are taking a gamble with Bitcoin payments. The D casino and the Golden Gate have announced that customers are free to use the virtual currency when paying to stay at their hotels, according to the Associated Press.
D's will also take Bitcoin at its restaurants and gift shop. While these Bitcoin payment options are a first for Las Vegas casinos, the establishments will not accept the virtual currency for gambling.… Read more