Facebook Struggles to Improve Morale and 4 Tech Titans on the Move
Facebook, Inc.’s (NASDAQ:FB) display advertising growth has slowed over the last several quarters. This could prove to be a disaster for a company that is attempting to sell its stock at a rich price-to-earnings ratio like Facebook on its IPO day. Following its IPO, Facebook’s stock plummeted from $38 to $17.55. According to sources close with Facebook, employees feel the the crash has caused a huge effect on morale at Facebook.
Apple Inc. (NASDAQ:AAPL) may be considering opening its own outlets in India, and the company has had to sell products via local, regional, and national distributors and pay a fee to each, according to the Wall Street Journal. A rule change made last year enables foreign companies to own 100 percent in such stores. Before, they would have been allowed to own only 51 percent in a store selling its own branded goods. The new rules require foreign retailers to source a minimum of 30 percent of their sales value from local firms, which may prove difficult for Apple.
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Google Inc. (NASDAQ:GOOG): Apple (NASDAQ:AAPL) CEO Tim Cook has stated that the company intends to use user feedback as a means to make its mobile maps better, but according to MIT’s Technology Review, experts have said that the company will need more than that to accomplish the task. It will be necessary for the company to develop new data sources, and more simple ways to fix issues with the maps, and assistance from people in different regions, according to the website.
Microsoft Corporation (NASDAQ:MSFT): On Friday, the 9th U.S. Circuit Court of Appeals in San Francisco ruled that Google’s (NASDAQ:GOOG) Motorola Mobility will not have the ability to enforce a patent injunction obtained against Microsoft in Germany, which may harm Google’s leverage in the smartphone patent battle, according to Reuters.
Intel Corporation (NASDAQ:INTC) has recently faced delayed delivery of software made to conserve computer battery life, and the software is supporting the development of a few tablets that run Microsoft’s (NASDAQ:MSFT) Windows 8 operating system, according to sources, reports Bloomberg.