By Quentin FottrellThe Internet is saying cheese. First Facebook forked over $1 billion for the photo-sharing app Instagram. And now Pinterest, another social photo site, is being valued at $1.5 billion. In the online arms race between Apple, Facebook, Google, and others, control of the world’s snapshots is seen as vital – and lucrative, experts say. Pinterest, an online scrapbook that lets users share and comment on their favorite images, had over 20 million users in April, up from one million in July 2011. The startup just raised $100 million, the Wall Street Journal reported Thursday. Facebook, meanwhile, added to its image arsenal Monday, snapping up the London-based photo-sharing service Lightbox for an undisclosed fee. Apple too is upgrading its iCloud online service to include ... Continue reading →
ABOUT BREAKOUTBreakout is Yahoo! Finance’s daily all-out, roll-up-your-sleeves, dive-in, interactive investing show, offering fresh segments throughout the trading day. If you love making money, if you want to protect what you have, if you’re passionate about understanding these crazy markets, you’re in the right place. Welcome! MEET THE TEAM: Matt Nesto, Jeff Macke, Aaron Task, Jennifer Carinci and Kevin Chupka Continue reading →
Have you seen Mark Zuckerberg's epic Facebook status update? Continue reading →
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NEW YORK (AP) -- U.S. airlines' revenue from bag fees fell last year for the first time since they started collecting them. But that was no gift to fliers; there were just fewer people traveling. The Transportation Department said Thursday that the 17 largest airlines made $3.36 billion in bag fees last year, down slightly from $3.4 billion in 2010. The total number of passengers last year on those airlines fell by about 1.5 percent. Fees for first and second checked bags began four years ago, when fuel prices soared to all-time highs. But many airlines charged extra for extra heavy or oversized bags before then. The revenue airlines collect has been climbing ever since. Between 2008 and 2009, money from bag fees jumped by ... Continue reading →
Facebook Inc increased the size of its initial public offering by almost 25 percent, and could raise as much as $16 billion as strong investor demand for a share of the No.1 social network trumps debate on its long-term prospects. More »Facebook Boosts IPO Size by 25 Percent, Could Top $16 Billion Continue reading →
The age of American global dominance is ending. In recent years, risky economic and foreign policies have steadily eroded the power structure in place since the Cold War. And now, staggering under a huge burden of debt, the country must make some tough choices--or watch its creditors walk away. In The Reckoning, Michael Moran, a geostrategy analyst at Roubini Global Economics, the Council on Foreign Relations, and other leading institutions, explores how a variety of forces are converging to challenge U.S. leadership--including unprecedented information technologies, the growing prosperity of countries like China, India, Brazil, and Turkey, and the diminished importance of Wall Street in the face of global markets.This shift will have serious consequences for the wider world as well. Countries that have traditionally depended ... Continue reading →
