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Latest News


Google to meet French regulator on privacy policy PARIS (Reuters) - Google will meet with France's data protection watchdog next week to answer questions about its new user privacy policy as part of a Europe-wide investigation being led by the French regulator. France's Commission Nationale de l'Informatique (CNIL) is examining Google's new approach to privacy on behalf of data protection regulators of the 27 European Union member states to determine if it conforms with European law. The CNIL review could lead to financial penalties or administrative sanctions for the U.S. ...

Ad execs say jury still out on Facebook as medium

Facebook website pages opened in an internet browser are seen in this photo illustration taken in LavignyNEW YORK/LONDON (Reuters) - General Motors Inc's decision to stop advertising on Facebook may be a wake-up call for the No. 1 social network, but Top advertising executives say it's far too early to know if the site will take off as an advertising platform. "There's a lot of potential but it's not a slam-dunk," said Martin Sorrell, chief executive of WPP Plc, the world's largest advertising agency. "Showing the impact of branding on Facebook is going to take a long time," he added. Facebook is due to begin trading on Nasdaq on Friday in an initial public offering that will raise about $15. ...





Viacom, Time Warner Cable reach iPad views settlement

File photo of people waiting on street in front of Apple store as they await sales of new iPad in Apple store in Munich(Reuters) - Viacom Inc, the parent of MTV and Comedy Central, has settled lawsuits with Time Warner Cable Inc over whether cable subscribers may watch shows on mobile devices such as Apple Inc's iPad. The accord means Viacom programs such as "Jersey Shore," "The Daily Show with Jon Stewart" and "South Park" will become available over the TWC TV app over the next several weeks. ...




Ad execs say jury still out on Facebook as medium

Facebook website pages opened in an internet browser are seen in this photo illustration taken in LavignyNEW YORK/LONDON (Reuters) - General Motors Inc's decision to stop advertising on Facebook may be a wake-up call for the No. 1 social network, but Top advertising executives say it's far too early to know if the site will take off as an advertising platform. "There's a lot of potential but it's not a slam-dunk," said Martin Sorrell, chief executive of WPP Plc, the world's largest advertising agency. "Showing the impact of branding on Facebook is going to take a long time," he added. Facebook is due to begin trading on Nasdaq on Friday in an initial public offering that will raise about $15. ...





Factbox - Facebook's IPO: who gets rich? SAN FRANCISCO (Reuters) - The rich are going to get richer when Silicon Valley's biggest IPO starts trading on Friday. Facebook this week raised the number of shares it intends to float by 25 percent to 421 million shares, and lifted the target price range to $34 (21.3 pounds) -$38 per share as investors clamoured for a slice of the third-largest IPO in U.S. history. As a result, the No. 1 social network and its shareholders will now collectively reap more than $15 billion from the initial public offering - a $5 billion hike from early May, when Facebook sought an IPO of roughly $11 billion. ...

Facebook boosts IPO size by 25 percent, could top $16 billion

The loading screen of the Facebook application on a mobile phone is seen in this photo illustration taken in LavignyNEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc increased the size of its initial public offering by almost 25 percent, and could raise as much as $16 billion (10 billion pounds) as strong investor demand for a share of the No.1 social network trumps debate about its long-term potential to make money. Facebook, founded eight years ago by Mark Zuckerberg in a Harvard dorm room, said on Wednesday it will add about 84 million shares to its IPO, floating about 421 million shares in an offering expected to be priced on Thursday. ...





 

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