We’re here at Google’s massive New York City HQ (they own an entire block) for what Google was calling a “partner event” but everyone knew was really an “NFC event”. Sure enough, Stephanie Tilenius, Google’s VP of Commerce, has taken the stage to announce Google Wallet and Google Offers.
Right off the bat, Tilenius wanted to make it clear that this would be an open platform. She invited “payment… → Read More
With nearly $30 billion in annual revenues last year, Google needs to keep both dominating search and find new billion-dollar businesses fast. Google’s biggest opportunities beyond search are display advertising, video advertising (YouTube), mobile search, and local. And if it ever gets its act together on social, that could be a wild card. Last October, the company pointed out that its display… → Read More
Last week, Citibank found itself in the eye of an Internet storm after it was revealed that the bank had blocked the business account of Web startup fabulis over (non-existing) ‘objectionable content’ on the company’s blog. The topic was all the more sensitive because fabulis operates a social network / lifestyle website targeting gay men.
There is talk around the ol’ internet watercooler that General Motors and Citigroup are about to be kicked off the Dow Jones Industrial Average due to their lackluster performance and long term outlook. Both of the companies stocks are trading around a $1 with Citigroup taking the title of the first stock to be traded on the index as a penny stock. Since the Dow follows 30 of the largest and most… → Read More
Yes, we’ll soon all be at each other’s throats fighting over cans of soup, but Apple? It’s fine, despite that drop earlier in the week. That’s what Citi and Goldman Sachs say, at least. Those two haven’t failed yet, so we’d do well to hang on their every word. Both Citi and Goldman Sachs kept a “buy” rating on Apple stock, despite the fact that it tanked by… → Read More