According to the Wall Street Journal the Federal Trade Commission (FTC) may "start a wide-ranging, formal antitrust investigation into whether the search giant has abused its dominance on the Web. This could mark the start of a lengthy legal process, similar to the years long battle Microsoft faced in the 1990's resulting in 10 years of legal problems with both the US and EU regulators. At … [Read more...]
Google Hits a Record 1 Billion Visitors In One Month
According to cnet.com, Google hit a record with 1 BILLION visitors in one month. Cnet.com, citing stats from Comscore, says that Google got over 1 billion visitors in May 2011, "the first time ever that a site has drawn that many visitors in one month" "The number of unique visitors to Google's sites rose by 8.4 percent from 931 million a year ago to just over a billion 1,009,699,000 to be … [Read more...]
Tucows Goes Mobile On Ting.com
According to a post on Facebook, Tucows.com is launching a new mobile service called Ting ""Tucows goes mobile! super excited about http://ting.com/. let me know if you want to get into the beta or have any questions. I love the early feedback. if suggests this could be a game changer!" said CEO Elliot Noss. The page on Ting.com says: "We think there are a lot of things about mobile … [Read more...]
QuinStreet Takes a Huge Tumble Down Over 20% Today
Shares of Quinstreet the company that bought insurance.com and Carinsurance.com and Insure.com have tumbled over the last few days and is down over 20% today. Shares of Quinstreet are at 1pm EST sitting at around $11.50 down over $3 on the day. Quinstreet is now off over 50% off its high of $24 this year. The cause of the selling? Revised guidance from the company which now forecasts a … [Read more...]
PbNation.com Sold For “Up To $3.2 Million”
According to a press release today, a publicly traded company, CrowdGather.com, (OTCBB:CRWG) "acquired the domain name, website, and assets related to PbNation.com one of the world’s largest online paintball communities according to Forbes and the Chicago Tribune." "The total purchase consideration for the PbNation.com site and assets is up to $3.2 million, consisting of … [Read more...]
The Google Of Russia, Yandex Goes Public Today: IPO Price $25: First Trade: $35
The company which is commonly referred to as the Google of Russia, search engine Yandex priced its initial public offering above expectations Monday night at $25 a share raising $1.3 billion and putting a market value of $8 Billion before trading began. The first trade was at $35 up 40%. At $35 a share the company market value is $11.2 billion. Shares traded as high as $42 and as low … [Read more...]
WSJ: Google Warned On Selling Ads To Rogue Drug Sites & Feds Looking At Whether Company Should Be Charged Criminally
According to The Wall Street Journal, Regulators and industry watchdog groups repeatedly warned Google that it was taking ads from rogue online pharmacies in violation of federal law. Last week Google took a $500 million charge in its recent quarter to cover potential charges related to resolving an investigation by the Department of Justice. CNET is reporting at the same time Google … [Read more...]