(AP)—Chinese internet company Sina Corp. plans to spin off its Twitter-like microblog service, Weibo, in a U.S. initial public offering to raise $500 million, a person with knowledge of the deal said Tuesday.
Twitter co-founders Jack Dorsey and Evan Williams and chief executive Dick Costolo have no short-term plans to sell their shares in the social network, according to documents released Monday.
Sina Weibo sold fewer shares than expected in its US IPO which was priced below expectations ahead of a Thursday listing that takes place after tech selloffs on Wall Street.
The head of Google-owned maker Motorola, Dennis Woodside, announced Thursday he is leaving the smartphone maker to become chief operating officer at the online storage firm Dropbox.
Facebook CEO Mark Zuckerberg unveiled a new search feature that's designed to entice people to spend more time on his company's website and will put the world's largest online social network more squarely in competition with ...
Twitter shares tumbled Friday after a brokerage analyst warned the popular messaging network was overvalued following a meteoric rise since its initial public offering in November.
In picking the US to launch initial public offerings rather than their home market, Chinese technology companies Alibaba and Weibo are opting for maximum visibility and access to capital.
King Digital Entertainment raised a sweet half-billion dollars on Wall Street, and now it is time for the market to show its taste for the makers of mobile game Candy Crush.
(AP)—FireEye Inc. said Thursday it has acquired Mandiant Corp., the firm that linked years of cyberattacks against U.S. companies to a secret Chinese military unit.
Social networks have found a promising new source of advertising revenue: targeting users with ads for products they browsed online.