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Google Buys Frommers for $25m; Will They Shoehorn it Into Google+ Local?


TripAdvisor and Yelp are the two largest (and dare I say, best) resources for travelers. With millions of ratings and directories that expand every day, the services promise an answer to the difficult questions that travellers face. Where should I eat? What is this city’s best attraction? Where’s the beer?

For a while, I tried to use “Google Places”, now known as Google+ Local, to find nearby eateries or attractions. I felt the app user experience was faster than the competitors and it’s integration of Google Maps was more sophisticated. But a travel app is only as good as its content, and there were no reviews.

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Social Media Newsfeed: Facebook Call | Zynga Loss | Social Media $

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Facebook’s Day of Reckoning: Second Quarter Earnings Report
(The Huffington Post)
Today, Facebook will take the spotlight once again, for its first earnings report as a public company. The release of its quarterly financial results will be the social network’s chance to prove to investors that it can continue growing revenue from the ads it serves on its popular social networking site. The Guardian Wall Street will be hoping co-founder Mark Zuckerberg steps forward with some reassuring remarks during tonight’s earning call. After booking a $1.1 billion charge for share-based payouts to staff and early investors at the public offering, the social network is forecast by its lead bank Morgan Stanley to report a $673 million loss before tax. AP It needs to keep its nearly 1 billion users logging on as often — and for as long — as possible, interacting with each other as well as with brands. As a result of that disclosure and others, many analysts reduced their estimates for Facebook’s projected revenue and earnings. The Wall Street Journal The consensus for Facebook’s second-quarter earnings report is that the Menlo Park, Calif., company will report 12 cents a share of profit and $1.15 billion of revenue for the quarter, according to Thomson Reuters. “One of the most-challenging times to model a company’s financials is when it’s very young,” said Mark Mahaney, an Internet analyst who covers Facebook for Citigroup. Bloomberg Businessweek Investors will be looking to glean a few crucial facts during the conference call. Can the company spark revenue in those regions, such as Asia, with high membership growth? Can it make advertising work on mobile devices such as the iPhone, where users are increasingly accessing the service? Read more

TripAdvisor Takes on Yelp with Local Picks Facebook App


Normally, TripAdvisor reviews come from tourists who aren’t familiar with the areas they’re visiting. It’s valuable information in its own right, but for travelers who want to go beyond the touristy parts of town, the best advice often comes from the people who live there. Launched this week, TripAdvisor’s new Facebook app helps people find restaurants in their own neighborhoods.

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