Al Gore used the money from his very clever sale of Current TV to Al Jazeera English to purchase Apple stock worth $29.5 million.
President Obama’s inauguration for a second term on January 21 will be the first such event to have its own mobile app for iOS and Android.
As the FTC continues to mull a lawsuit against Google for anticompetitive practices — with a decision expected as soon as this week — Microsoft today accused the company of refusing to provide it with full access to YouTube such that it cannot support a fully functional app on its mobile operating system.
Google will leverage its acquisition of Motorola to build a sophisticated phone it hopes can compete with the iPhone, according to a report in the Wall Street Journal.
Apple is in talks with Foursquare about using its local data to improve its maps application, according to a report in the Wall Street Journal.
The same team that delivered Orchestra To-Do last year has launched Mailbox today, a mobile email app that seeks to reinvent email for busy smartphone users. The app launched in a sign-up beta for iOS and Gmail clients only, but response has been overwhelming, according to the company.
The social media sector was down an average of 4% this week as it was negatively impacted by Pandora’s Q3 report (as detailed below) and Q4 concerns for AAPL. There was downward pressure on FB shares despite its potential addition to the NASDAQ 100 index next week, which should promote further institutional purchases through rebalancing. GRPN shares surged on Friday on renewed takeover speculation even though there were no fundamental developments.
Google launched version 2.0 of its Gmail app for iOS today.
The social media sector performed well this week, with an average gain of 3%, mainly on the strength of FB (through more positive coverage) and Pandora (ahead of its earnings next week). Media speculation on GRPN and changes to ZNGA’s partnership with FB resulted in daily volatility of those stocks, but the news did not provide any fundamental changes that should impact their securities as discussed below.
iOS still earns developers four times as much revenue as Android, but Google is closing the gap, according to App Annie, a mobile apps analytics company.