On Tuesday, the world’s largest social network raised the target IPO price range to $34 to $38. If Facebook shares sell at the upper limit ($38), the social network will raise about $12.8 billion and its market value will be approximately $104 billion. As a result of the higher target price and rich valuation, a …
A Google-backed project, the Atlantic Wind Connection, cleared the first of many regulatory hurdles yesterday. The U.S. Department of the Interior said that no competitors have an “overlapping competitive interest” and cleared Atlantic Grid Holdings LLC to proceed with an environmental impact study for their underwater power line. The study will analyze and measure the …
According to several inside sources, Google is reportedly in serious talks to acquire the social platform Meebo. Although Meebo CEO Seth Strenberg has not commented on the negotiations, Google is expected to pay approximately $100 million for the seven-year-old technology company. Since the time Meebo launched in 2005, the company has consistently evolved and grown. …
Rand Fishkin, the CEO of the popular SEO software company SEOmoz, recently announced a new project related to webspam research. The goal of the project is to better understand and devalue the amount of “link equity” that passes from pages that could be considered webspam. Fishkin explained the project on his Google+ page earlier this …
In March, Search Engine Journal reported that Google was planning on making drastic algorithmic changes to provide its users with better search results. The changes, which are primarily focused on incorporating new semantic technology, will allow Google to better understand search queries and include answers and information at the top of the search results page. …
Although Google has been the subject of multiple antitrust investigations related to how they arrange search results and rank Web sites, a new 27-page report suggests that Google should be offered the same First Amendment rights as a newspaper. The report, which was commissioned by Google, makes a strong case that search engines are protected …
On Monday, a San Francisco federal jury delivered a partial verdict in the Oracle v. Google trial. The jury, which was composed of five male and seven female jurors, agreed with Oracle’s allegation that Google’s Android mobile software used Java technology. However, since the jury could not agree on whether or not Google’s use was …
In February, Stanford researcher Jonathan Mayer discovered that Google had bypassed a key Safari browser privacy setting in order to install tracking cookies. By hiding a “web form” within an online ad, Google circumvented Safari’s default settings and violated users’ right to privacy. If the Safari user clicked the +1 button in the ad, Google …
In 2004, Google began to digitally scan millions of books from libraries in order to incorporate textual excerpts in the search results. However, shortly after launching the new program, a lawsuit was filed by The Authors Guild, various publishing companies, and individual authors stating that Google is not the copyright holder and is not authorized …
In a criminal complaint filed in India earlier this year, journalist Vinay Rai alleged that Facebook, YouTube, and the Orkut social network are hosting content that “seeks to create enmity, hatred and communal violence” and “will corrupt minds.” In response to the criminal complaint, Google and Facebook promptly filed a petition to stop the criminal …
