Groupon Reports Q3 2012 Earnings Significantly Below Expectations: Groupon just released its Q3 2012 earnings report, marking the company’s first full-year cycle of earnings reports since its IPO in November 2011. The company reported $568.6 million in revenue and a net operating income of $25.4 million. Earnings per share? $0.0. Read more here. The company recently re branded its Indian property. Read here.
Galaxy S3 takes top spot in smartphone market: The phone became the world’s best-selling smartphone model last quarter, pushing aside Apple’s iPhone, which has dominated the chart for more than two years, research firm Strategy Analytics said. Strategy Analytics estimated Samsung sold 18 million S3 models in the third quarter, compared with iPhone 4S sales of 16.2 million. Read more here.
See Everything You’ve Ever Shared With Someone On Facebook’s Redesigned Friendship Pages: Facebook has a little-known feature called Friendship Pages that shows all the wall posts, updates, and photos you’re tagged in with someone. Today it’s getting a redesign, and Facebook is launching the facebook.com/us quick link for couples to see their Friendship Pages. The previous design was stuck on the ugly, old profile format, but now they look like a shared Timeline. Read more here.
Google Ventures Gets 50% More Cash; $300M Pot now: Google is increasing the amount of money it makes available through its venture capital arm, Google Ventures — from $200 million per year to $300 million, according to Reuters. The news agency notes this will push Google Ventures into the “top echelon of corporate venture-capital funds”, putting it on the same footing as more established corporate VC funds like Intel Capital. Read more here.
Twitter resets a “large number” of passwords, says it was a mistake: Twitter said that it mistakenly reset the passwords of “a large number” of its more than 140 million active users while conducting routine security screening to identify accounts that may have been compromised. Read more here.
Priceline Buys Kayak for $1.8 Billion Expanding in Travel: Priceline.com Inc, the most valuable online-travel agency, is buying Kayak Software Corp. billion in cash and stock, adding profitable search tools to its reservation services. Shareholders of Kayak, which held an initial public offering in July, will receive $40 a share, the companies said in a statement. That represents a 29 percent premium over today’s closing price at $31.04 in New York, and includes about $500 million in cash as well as $1.3 billion in equity and assumed stock options, read more here.
- Microsoft has announced that it is planning to replace its instant message chat tool with Skype’s messaging tool. Microsoft said Windows Live Messenger (WLM) would be turned off by March 2013 worldwide, with the exception of China.The news comes 18 months after the software giant acquired Skype for $ 8.5 billion, read complete post here.