A surfeit of “second screen” apps of some kind surfaced in 20, offering viewers the opportunity to “check in” to a show or gather extra information about their favorite character. Yahoo paid $20 to $30 million for IntoNow in 2011, betting that Adam Cahan’s company had created an ideal companion experience for television viewers. Yahoo shut down its second-screen app IntoNow. Mark Zuckerberg sat down with Bloomberg Businessweek to share his thoughts on Facebook at Year X. But check this: 1.23 billion people use it.Īlso read: Facebook Crushes Earnings Expectations, Stock Surges Facebook has encountered this criticism before, as some say it has surrendered the “cool” factor to Instagram (now part of Facebook) and Snapchat (decidedly not). Oliver Luckett, CEO of social media start-up (and Facebook impresario), criticized Facebook during a presentation this week, telling the crowd that too many ads were cluttering up the news feed. It attributed more than half of its $2.59 billion in revenue to smartphones, tablets and other mobiles devices. Here’s what else happened in the digital media world this week:įacebook reported stellar financial results as the company nears its 10th birthday, due in large part to its growing mastery of making money from its mobile site and apps. If you want to know why, read Kara Swisher’s take here. When that happens, co-founder and CEO Bill Gates may also step down as chairman of the board. Bloomberg reported Microsoft’s board is about to name Satya Nadella, the head of enterprise, to take over for Steve Ballmer. Speaking of companies familiar with anti-trust cases, Microsoft is about to get a new CEO. In case you forgot, it’s good to be Google.Īlso read: Why Studios Prefer YouTube for Their Biggest Trailer Debuts Google has avowed to change its practices, avoiding a hefty fine. The European Union’s executive body said Google favored its own products in searches. Meanwhile, across the pond, Google is settling a three-year-old anti-trust case with the European Commission. The company posted earnings of $12.01 per share (on revenue of $14.4 billion – yes, billion). Motorola also dragged down profits at Google in its most recent quarter, as reflected in the company’s earnings report Thursday. Why? The company was losing money.Īs the New York Times wrote about the deal, “Larry Page, Google’s co-founder and chief executive, likes to talk about ‘big bets’ and ‘moonshots.’ But the thing about moonshots is that they can crash to Earth. That appears to be what happened to Motorola Mobility, the cellphone maker owned by Google.” Less than two years after acquiring Motorola Mobility for $12.5 billion, it sold the cell phone manufacturer for $2.9 billion to Chinese tech conglomerate Lenovo. While Google got plenty of patents in the deal – and a new Android phone - it sold Motorola for a quarter of what it paid for it.
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