LinkedIn co-founder sees IPO likely, but not soon Skip related content
LinkedIn, the world's biggest professional social network, will probably pursue an initial public offering some time but not in the near future, co-founder and executive chairman Reid Hoffman told Reuters. "Probably at some point a balance will occur when that's the right thing. That will not occur in the near term," Hoffman said at a London event to celebrate the network's reaching 3 million users in Britain.
Privately held Facebook sets up dual-class stock
SAN FRANCISCO (Reuters) - Facebook has established a dual-class stock structure to ensure voting control by existing owners, but has no plans to become a public company, it said on Tuesday. "We did introduce a dual class stock structure because existing shareholders wanted to maintain control over voting on certain issues, to help ensure the company can continue to focus on the long term to build a great business," said Larry Yu, a Facebook spokesman. "Facebook has no plans to go public at this time."
Mobile Web surge continues in October -Opera
HELSINKI (Reuters) - Global mobile data traffic continued to surge in October, growing at the fastest pace in seven months, Internet browser company Opera Software said on Wednesday. Data traffic through Opera's mobile browser -- which packages up to 90 percent of the data to save network bandwidth -- rose 16 percent in October from September, the company said.
Google to put ancient Iraq museum collection online
BAGHDAD (Reuters) - Google is putting thousands of images of ancient artefacts at Iraq's National Museum online, the Web search leader said on Tuesday, part of a U.S. bid to entice foreign firms to invest in Iraq. What is now modern-day Iraq was once known as Mesopotamia a region considered by many as the "cradle of civilisation." The museum houses one of the finest Mesopotamian collections in the world.
Twitter eyes acquisitions, sees making money in 2010
TEL AVIV (Reuters) - Micro-blogging site Twitter is interested in making more acquisitions as it continues to grow in popularity, co-founder Biz Stone said on Tuesday. "That is something we are definitely interested in," Stone told a news conference in Tel Aviv. "We made an acquisition last year that turned out to be an outstandingly good decision."
MPs call for parliamentary petitions to go online
LONDON (Reuters) - The ancient right to petition parliament could enter the online age after MPs seeking to boost democracy in the House of Commons said on Tuesday the public should be able to submit their pleas over the internet. The Commons Reform Committee said plans to introduce "e-petitions" -- currently bogged down over grounds of costs -- should be dusted down and reconsidered.
Second UK retailer withdraws Sony Ericsson phone
LONDON (Reuters) - Retailer Phones 4U has followed rival Carphone Warehouse in withdrawing Sony Ericsson's flagship smartphone, in a further blow to the loss-making firm. A spokeswoman for the retailer said on Tuesday it had withdrawn the Satio phone after some customers experienced software problems. She declined to give any further details.
"Jail broken" iPhones vulnerable to new virus
BOSTON (Reuters) - Hackers have built a virus that attacks Apple Inc's iPhone by secretly taking control of the devices via their Internet connections, security experts said. The virus has been detected in the Netherlands and can only attack iPhones whose users have disabled some pre-installed security features, according to analysts monitoring the progress of the virus, known as the Duh Worm.
Microsoft, News Corp mull web pact
NEW YORK (Reuters) - Microsoft has had talks with News Corp about a tie up, which would involve News Corp getting paid to take its news websites off Google, a source familiar with the matter said on Sunday. News Corp, which owns such papers as the Wall Street Journal and the Sun, started the discussions, which were at an early stage, the source said.
eBay says fixes search glitch on website
NEW YORK (Reuters) - eBay said on Sunday it had restored a search function on its website overnight Saturday after a glitch led to searches returning either limited or no results throughout the day. The technical issue on eBay.com resulted from a surge in live listings as sellers ramped up for the holiday season, the global e-commerce and payments company said in an e-mailed statement.
