An unorthodox stock split designed to ensure Google CEO Larry Page and fellow co-founder Sergey Brin retain control of the Internet's most profitable company could cost Google more than half a billion dollars.
For the seventh quarter in a row Facebook beat profit and revenue forecasts, continuing to win more mobile advertising revenue as most users shift to using the site on smartphones and other portable devices.
The New York Times Co. said Thursday it narrowed its losses from the same period a year ago, while touting progress in its transition to a digital news operation.
Signaling her reign has reached a pivotal juncture, Yahoo CEO Marissa Mayer is trying to convince restless shareholders that the long-struggling Internet company is heading in the right direction.
AOL will provide Microsoft's MSN with more video and additional news stories from popular sites such as The Huffington Post and TechCrunch in an expansion of a deal aimed at selling more digital advertising.
Facebook on Wednesday announced a deal to buy online video advertising technology company LiveRail.
Singapore Telecom, Southeast Asia's biggest telecom firm by revenue, said Wednesday it will buy two mobile advertising companies for a total of $385 million to further boost its digital business.
US newspapers suffered further revenue declines in 2013, seeing only mixed success in a transition to digital, according to industry figures.
US news media revenues have tumbled by roughly a third since 2006 amid a shift to digital media, researchers said Thursday.
The decade-long adventure since the founding of Facebook has been an "amazing journey," but the best is still to come, Mark Zuckerberg said.