Though earnings from some tech vendors brightened up a week of tepid market reports, shares of IT companies broadly declined Friday along with the rest of the market.
While mobile payments transform financial life in many less developed countries, retailers and payment providers in the U.S. and Europe are still trying to find the right incentives to drive adoption.
Groupon has acquired MashLogic, a company based in California that makes a simple tool called Britely to capture and collate bits of information from web pages.
China's group buying market continues to shrink, with the number of players in operation declining by close to 1,000 sites over the past year.
Zynga's Mark Pincus made the annual "Worst CEOs" list compiled by Dartmouth College professor Sydney Finkelstein, which also nearly included Mark Zuckerberg of Facebook and Andrew Mason of Groupon.
Zynga's initial public offering Friday, a raft of acquisition announcements this week from IBM, Salesforce and others, and some upbeat reports on the chip and hardware sector are putting a positive spin on year-end news for the tech sector.
Yelp, a local business reviews site, filed Thursday with the U.S. Securities and Exchange Commission for an initial public offering (IPO) of up to US$100 million.
Nearly all of China's over 5,000 group buying sites will eventually go under as tough competition and diminishing cash reserves force them to fold, according to the CEOs of two leading group buying sites in the country.
Groupon's China venture posted a net loss of US$46.4 million for the past nine months, generating only $2.1 million in revenue as it fights to gain dominance in the country's highly competitive group buying market.
Less than a year after it acquired popular Indian shopping deals site SoSasta.com, Groupon is changing the name of the site to Crazeal.com, and plans to focus on deals from premium merchants in each category.
Groupon's COO has quit after just five months and decided to return to her former employer, Google, Groupon said on Friday.
Groupon's problems in China, including a recent round of staff layoffs, have come as no surprise to analysts, who hold that the company rushed its plans in the country and relied too much on foreign expertise.
The user database of Groupon's Indian subsidiary, SoSasta, was published on the Internet and indexed by Google, according to an Australian security consultant.
Under pressure from entrenched local competition, Groupon, a late comer, is lagging in the Chinese group buying market. A focus on hiring local managers, and possible acquisitions, could however see its fortunes pick up, analysts said.
Though signs for IT remain positive this year, worries about the economy sapped investor confidence this week as a wide range of businesses, including big computer industry vendors, suffered a drop in share value.
Most Popular Reviews
- 1 Samsung Galaxy Tab S (10.5) 4G review
- 2 Nokia Lumia 930 review
- 3 Asus G550JK gaming notebook
- 4 Fetch TV set-top box
- 5 Dell Inspiron 15 5547 laptop
Best Deals on GoodGearGuide
Latest News Articles
- Report: Amazon building ad system to compete with Google's
- Airbnb to reveal 124 New York hosts to attorney general
- US warns 'significant number' of major businesses hit by Backoff malware
- HP loses its leader on NFV, a key carrier network trend
- Google acquires Gecko Design for next-generation products
GGG Evaluation Team
First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.
For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.
The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.
The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.
My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.
- FTChief Information OfficerNSW
- FTInformation Services ManagerNZ
- FTMachine Learning | JAVA | San Fran based global Company | SydneyNSW
- FTAccount Manager Programmatic Trading DeskNSW
- CCL2 Technical Support Engineer - RightFax/MessagingVIC
- FTMarketing Communications Executive - B2BNSW
- FTSearch Account ManagerNSW