SurveyMonkey CEO and husband of Facebook Chief Operating Officer Sheryl Sandberg, Dave Goldberg, died unexpectedly on Friday night, his brother wrote in a Facebook post on Saturday. "It’s with incredible shock and sadness that I’m letting our friends and family know that my amazing brother, Dave Goldberg, beloved husband of Sheryl Sandberg, father of two wonderful children, and son of Paula Goldberg, passed away suddenly last night," Robert Goldberg wrote.
By Alina Selyukh WASHINGTON (Reuters) - U.S. telecom industry groups, alongside AT&T Inc and CenturyLink Inc, called for regulators to block parts of new rules for Internet service providers on Friday, citing "crushing" compliance costs and threats to investment. In a filing with the Federal Communications Commission, the industry did not ask for a suspension of the principal "net neutrality" rules that ban Internet providers from blocking and slowing down web traffic or from striking deals with content companies for smoother downloads. Instead, the groups and companies sought to block the agency's move to reclassify broadband Internet as a more heavily regulated telecommunications service and a new broad general conduct standard that prohibits Internet providers from "unreasonably interefering" with consumers' access to the web. The request, expected to be rejected by the FCC, is a prelude to a building court battle over the rules, which put the agency under public scrutiny last year as it weighed, once again, how best to regulate Internet service providers.
Shares of LinkedIn Corp, operator of the most popular social network for professionals, fell 20 percent in early trading on Friday, wiping out more than $6 billion of market value, after the company slashed its full-year forecast. LinkedIn reported on Thursday its slowest quarterly revenue growth since it went public four years ago. The surprisingly weak results followed Twitter Inc's on Tuesday. Twitter's stock fell by as much as 24 percent, slicing about $6 billion off its market value.
A hacking attack using malware from overseas servers was to blame for Internet problems in China earlier this week that prevented users accessing a number of popular foreign websites, an official state-run newspaper said on Friday. The English-language China Daily, citing the National Computer Network Emergency Response Technical Team Coordination Centre, an agency that monitors China's Internet safety, said the redirection happened because some servers in China were "contaminated" by malware from overseas servers.
LinkedIn Corp slashed its full-year profit forecast, citing slower revenue growth at its hiring business and a delay in recognizing the contribution of lynda.com, the online education company it has agreed to buy. Shares of LinkedIn fell as much as 27 percent after the bell on Thursday. The company expects revenue contribution from Lynda to be delayed as it works its way to complete the integration. Chief Financial Officer Steve Sordello said he expected revenue contribution from the acquisition to "normalize" in the second half of 2016.
Cybersecurity company FireEye Inc raised its full-year revenue forecast as governments and businesses increase spending to protect their networks from sophisticated cyber attacks. Shares of FireEye, which also reported better-than-expected quarterly revenue, rose 1.7 percent in extended trading on Thursday. Recent high-profile cyber attacks, such as those on Anthem Inc and Sony Corp, have forced companies and governments to beef up their online security. "The marketplace for cybersecurity is white hot, the needs for our FireEye and Mandiant solutions are white hot," Chief Executive David DeWalt told Reuters.
By Alastair Macdonald BRUSSELS (Reuters) - U.S. companies, including tech rivals Microsoft and Google , were among leading spenders on corporate lobbying in Brussels last year, a Reuters review of new data showed (table below). Companies had until Thursday to update public entries in the European Union's newly revamped Transparency Register following a tightening of rules in January that obliges firms to register if they want to meet EU commissioners and senior staff. Oil majors Exxon Mobil of the United States and Anglo-Dutch Shell shared the top spot with Microsoft, with reported spending in their last financial years of between 4.5 and 4.5 million euros ($5.0-5.6 million). Those figures were broadly in line with the trio's spending in previous filings recorded in January by researchers at anti-corruption group Transparency International -- the Commission itself does not provide comparative data with previous years.
British pop singer Jessie J has upset her fans after she "unfollowed" hundreds of people on Twitter. At the start of the month, the "Price Tag" singer was following 885 people on the micro-blogging site, where pop stars often have huge followings.
By Paul Carsten BEIJING (Reuters) - China's dominant Internet search engine Baidu Inc on Thursday posted its slowest revenue growth rate in almost seven years in the first quarter of 2015, as customers spent less money on its core online marketing business. The company's bid to create new avenues of income from mobile in China, the world's biggest smartphone market, also took their toll. Baidu's profit margins sank to their lowest in a decade, or 19 percent, as promotional costs for new businesses and research and development expenses skyrocketed. Baidu is still grappling with the effects of a shift from personal computers to mobile, where it made half of its revenues.
By Yasmeen Abutaleb NEW YORK (Reuters) - Twitter Inc's efforts to reassure disaffected ad buyers may hinge on the success of two deals that were announced along with its bleak forecast on Tuesday, advertisers and analysts said. Twitter was forced to cut prices for its new "direct response" ads, Chief Executive Officer Dick Costolo said on Tuesday after a the company issued a revenue warning for the year. Twitter shares fell 8.9 percent on Wednesday after dropping as much as 24 percent on Tuesday. As a result, Twitter cut ad rates, impacting quarterly revenue by $4 million to $5 million, Costolo said.
Tencent Holdings Ltd , the dominant social networking and online entertainment company in China, has agreed to buy 14.6 percent of mobile game developer Glu Mobile Inc for $126 million to expand in the U.S. gaming market. Shares of Glu Mobile, which developed Deer Hunter and Kim Kardashian: Hollywood games, rose about 24 percent in extended trading on Wednesday. Tencent, known for investing in game developers through partnerships and minority stakes, owns League of Legends developer Riot Games and has a stake in Activision Blizzard Inc , the owner of the Call of Duty franchise. Glu Mobile reported a better-than-expected profit for the eighth straight quarter on Wednesday, helped by strong demand for games such as Racing Rivals, Deer Hunter 2014 and Contract Killer: Sniper.
Microsoft Corp is targeting $20 billion in annual revenue from its cloud-computing businesses by the end of fiscal 2018, Chief Executive Satya Nadella said on Wednesday, signaling a tripling of such revenue in three years. Microsoft said last week that its total commercial cloud revenue, which includes online versions of its Office and Dynamics applications, is running at $6.3 billion per year.
By Bill Rigby SAN FRANCISCO (Reuters) - Microsoft Corp is making it easier for apps written for rival Google Inc's Android and Apple Inc's iOS systems to work on Windows phones, in a bid to attract users to its unpopular mobile devices, the company's operating systems chief said on Wednesday. The move marks a radical shift in strategy for the world's biggest software company, which still dominates the personal computer market but has failed to get any real traction on tablets and phones, partly because of a lack of apps. Microsoft has found itself in a circular trap, as many developers will not build apps for Windows phones which have few users, and few people want the phones which have fewer apps than Android or Apple phones. Getting apps built for Android and iOS onto its phones and tablets could be a shortcut to breaking out of that trap.
(Reuters) - Yelp Inc, the operator of consumer review website Yelp.com, forecast second-quarter revenue below analysts' expectations, sending its shares down about 15 percent in extended trading. The company also reported on Wednesday first-quarter revenue below the average analyst estimate as it added fewer-than-expected local advertising accounts. Yelp's local advertising accounts rose about 43 percent to 90,200 in the first quarter. Yelp's website and mobile app allow users to rate a variety of businesses, including restaurants, on a scale of five.
By Jack Stubbs MOSCOW (Reuters) - Russia has abandoned a 2.6 billion ruble ($51 million) mission to supply the International Space Station, the head of the Roscosmos space agency said on Wednesday, the latest setback for the country's beleaguered space program. The unmanned Progress M-27M cargo ship, carrying almost 3 tonnes (2,722 kg) of supplies, was unable to dock with the International Space Station (ISS) because of problems after it launched from the Baikonur Cosmodrome in Kazakhstan early on Tuesday, said Roscosmos head Igor Komarov. "Because of this, the craft's continued flight and its docking with the ISS is not possible," he told a news conference. Space exploration is a subject of national pride in Russia, rooted in the Cold War "space race" with the United States, but the collapse of the Soviet Union starved the space program of funds and it has been beset by problems in recent years.
U.S. Senator Rand Paul, a Republican presidential hopeful, on Wednesday introduced a resolution to block new regulations on Internet service providers, saying they would "wrap the Internet in red tape." The "net neutrality" rules, which are slated to take effect in June, are backed by the Obama administration and were passed by the Democratic majority of the Federal Communications Commission in February. Paul's resolution, if adopted, would allow the Senate to fast-track a vote to establish that Congress disapproves of the FCC's new rules and moves to nullify them. The move marks the most proactive position yet by Paul, a libertarian from Kentucky, on net neutrality, the principle that Internet providers should treat all Web traffic equally.