It’s a sign of the times, though not a particularly surprising one: Nokia has finally eliminated its European phone assembly infrastructure and will be moving those 4000 jobs to Asia, according to a Reuters report. The factories are not being shuttered altogether, and localizing and finishing work will still be done there, but the primary assembly work is being relocated.
The news and layoffs were expected, as the company has slashed many more thousands of jobs over the last year, but this particular cut is symbolic: the intensely European company has been battered into submission, and will join the others in the now-standard configuration of “design here, build there.” → Read More
This morning, Foursquare launched an updated version of its “Explore” feature for both its iPhone and Android applications. The new version brings over several of the features already available through Foursquare on the web, including filters, photos in search results and the ability to change your location. → Read More
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Facebook has just filed an amendment to its S-1 that exhibits the agreements between it and Zynga. These 2 developer agreement documents are exactly the same as those filed in Zynga’s own S-1 amendment from last year.
They don’t include significant new information. However, they do spell out how Facebook has promised to help Zynga with advertising on Zynga sites such as FarmVille.com, and share revenue from that partnership. This should not be confused to mean sharing ad revenue from Zynga’s games on Facebook.com. → Read More
Nest is ready to fight. The Palo Alto company just issued a followup statement regarding Honeywell’s recent patent infringement suit.
In short they’re not going to roll over. They’re going to stand tall. The plan is to “vigorously defend itself” from what they call an attempt to stifle “thoughtful competition.” Nice. Go get ‘em, boys. → Read More
Thanks to our friends at Antengo, who absolutely love the TechCrunch readers, we have two huge prizes to give away this week: an Xbox Kinect and a Samsung Galaxy S II. There will be two winners for this giveaway and two ways to win for each prize.
You will have until February 19th, this coming Sunday, to win the Xbox Kinect and you will have until this Friday, February 17th to win the Samsung Galaxy S II. You can enter both giveaways. For all of the husbands/ wives, boyfriends/ girlfriends, and significant others out there, this is just in time for Valentine’s Day. → Read More
As part of news aggregator Techmeme‘s big redesign a couple weeks ago, it moved its flow of top stories to the left to make room for… white space. But founder Gabe Rivera promised at the time that there’d be stuff coming to fill it, and now we know what — an events calendar for the tech world. → Read More
Groupon just announced its first earnings report after going public last October (it missed, read our liveblog of the earnings call here.). For the full year, Google’s revenues were $1.6 billion, up 419 percent. The daily deal company, however, lost $350 million, most of that attributable to its very aggressive international expansion (7,000 out of its 10,000 employees are overseas). In North America, it turned an operating profit of $22 million, which was counteracted by $137 million in international operating losses.
For the quarter, revenues were $506 million, up 194 percent. The net loss was $42.7 million, which at least was down from $379 million quarterly net loss the year before. We’ll be doing our liveblog of the earnings call here. → Read More
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Groupon just announced its first earnings since its IPO in November. For the fourth quarter of 2011, it reported revenue of $506.5 million, beating analyst estimates of $473 million. It’s also profitable, with net income of $15 million.
However, Groupon came up short on earnings per share, coming in at negative $0.02, rather than the positive $0.03 EPS that analysts were expecting. (That number includes a $0.07 cent tax from international operations.) As result, at 4:20pm Eastern, Groupon was down 11.3 percent in after-hours trading. → Read More
After spinning off from Expedia and debuting on the NASDAQ in December, trip reviews site TripAdvisor posted fourth quarter 2011 revenues of $137.8 million, a 30% increase over fourth quarter 2010. Full year 2011 revenues were $637.1 million, a 31% increase over full year 2010. Fourth quarter 2011 GAAP earnings per share ) was $0.16 per diluted share compared to $0.14 for the fourth quarter 2010. Net income was $22 million, a 19% increase over fourth quarter 2010.
TripAdvisor, which was founded in 2000, was originally bought by IAC in for $212 million in 2004. IAC spun off Expedia, which included TripAdvisor, in 2005. With 50 million unique monthly visitors and 20 million members, TripAdvisor is the giant in the travel reviews space. The site publishes 25 new contributions every minute and also features over eight million candid traveler photos. The reviews site operates in 30 different countries, including in China under the site Daodao. → Read More
Some people might say that there’s no way Google could be more aware of your browsing habits. Not true! There is much they don’t know. But it’s not because they don’t want to know.
Last night Google rolled out two programs aimed at increasing their awareness of how people use their browsers — what sites they visit, for how long, for what purpose, etc. They’ll pay you for the privilege, a bit like being a Nielsen family. They even give you a little box! → Read More
Marketing software company HubSpot has brought on a new leader today—Akamai CFO JD Sherman. Sherman has been chief financial officer at Akamai for over 6 years.
Prior to Akamai, Sherman served as the chief financial executive of IBM’s $21 billion Systems and Technology Group. Over the course of 15 years at IBM, Sherman held senior executive positions in Finance, including Vice President, Finance and Planning, zSeries Server Division, and Assistant Controller of IBM Corporate Financial Strategy and Budgets.
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All smartphones do not depreciate equally. 18 months after purchase, iPhones can be sold for 53% of their original price, while Androids can only be sold for 42% and BlackBerries for 41% on average according to a study by Y Combinator second-hand price guide startup Priceonomics. The study also offered tips on memory upgrades and models for maximizing your phone’s resale value.
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You’d be excused for not paying much attention to Thismoment or Position2. They do the dirty work a lot of entrepreneurs don’t want to do, namely run marketing promotions and, in their wake, figuring out how many people actually paid attention to those things. In a world of “organic eyeballs” and viral va-va-voom, there’s little place for Mad Men style commercial promotion… or is there?
Thismoment just paid an undisclosed sum for Position2 and will begin folding Position2′s technology into its offerings. Thismoment began life as a photo-sharing site (“It was Facebook Timeline before Facebook timeline,” said founder Vince Broady) and pivoted do supply content management tools for major brands.
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It looks like Path has heeded the words of investor Michael Arrington.
Yesterday, the startup faced a major privacy backlash when it was revealed that the social app was uploading user’s address book data without actually telling the user. Co-founder and CEO Dave Morin was apologetic, and there was a lot of argument about how big a deal this was (especially since the practice was in-line with Apple’s policies), but Arrington had a simpler suggestion: “Just nuke all the data.” → Read More
I love it when a startup I’ve been covering for literally years suddenly finds itself in the spotlight, and for the right reasons. In this case, Skimlinks, originally from London but now with a growing US base, has been revealed as powering the affiliate links behind Pinterest, one of the hottest startups on the map right now. For some that appears to be a little bit of scandal, at least for Pinterest, though not for Skimlinks.
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Details are sparse and we have calls in, but the two execs at Klarna, Jens Saltin and Niklas Adalberth, were arrested at the W Hotel in New York for alleged molestation. The victim was a 19-year-old tourist from Texas.
Saltin and Adalberth are currently out on $10,000 bail. According to the NY Post, “Adalberth allegedly straddled her body while he and Saltin ripped off her clothes and fondled her.” → Read More
Hot off the press release presses: tech blog GigaOm has acquired paidContent (and parent company ContentNext) from The Guardian. Rumors of the acquisition were first reported by Peter Kafka at AllThingsD.
Wrote GigaOm founder Om Malik in a blog post: → Read More
Call it a sort of a bear hug: Sprint, the also-ranniest of the also-rans in the carrier world, lost money selling phones that, on the aggregate gained them subscribers. It’s also Catch-22, a blindside, and a mess.
According to Sprint, the company reported a net loss last quarter while still selling 1.8 million iPhones and increasing their subscriber base by 1.6 million. How? The costs associated with provisioning and supporting these new phones drove operating losses to $438 million, up from $139 million in Q4 last year. → Read More
We first covered Finnish startup Ovelin back in June, when it was preparing for the release of its interactive, gamified app for the iPad that helps teach youngsters how to play the guitar, and having some fun while doing it. Like others before it, Ovelin’s mission is based on the fact that learning to play an instrument is challenging. The process is slow, and the exercises one has to go through — they don’t tell you about this in Rolling Stone — are boring and tedious. It’s for this reason that instrumental education is fraught with dropout, as many novice musicians end up retiring before they become shredders. → Read More
During the lackluster moments of this year’s Super Bowl, we turned to our second screens. A study released by Flurry today shows that during great ads and the half-time show we kept our devices stowed, but returns from commercial breaks, boring ads, and waning interest in the 3rd quarter caused spikes in mobile app usage.
This means advertisers and TV producers need to get flashier, because every viewer has a wildly engaging device in their pocket. Subtle, conservative, slow-building ads just don’t cut it any more. → Read More
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