Facebook slumps as mobile ad growth fails to impress






(Reuters) – Shares of Facebook Inc were set to open 7 percent lower on Thursday as a surge in fourth-quarter mobile advertising revenue failed to live up to Wall Street’s high expectations.


Three brokerages downgraded the stock of the No. 1 social network, which has struggled to develop a full-fledged mobile advertising business.






Facebook has long established itself as one of the most important websites, but investors have worried that until the company’s mobile advertising strategy takes off, revenue growth will remain shaky.


The company reported a better-than-expected fourth-quarter profit on Wednesday and said its mobile advertising revenue doubled to $ 306 million, suggesting it was making inroads into handheld devices such as smartphones and tablets.


Investors were looking for at least $ 350 million in mobile advertising revenue, Piper Jaffray analyst Gene Munster said in a note to clients.


“While the trajectory of mobile growth may not be as steep as some investors were hoping, the theme of mobile as the future of Facebook remains intact,” he said.


BMO Capital Markets analyst Daniel Salmon, who downgraded the stock to “market perform” from “outperform”, however said Facebook’s 2013 stock performance would not be dictated by its ability to generate mobile ad dollars.


He said new catalysts were necessary to drive Facebook’s stock price up.


Facebook’s stock, which has lost over a quarter of its value since its botched debut in May, were down at $ 29.08 in premarket trading. The shares closed at $ 31.24 on the Nasdaq on Wednesday.


(Reporting by Neha Alawadhi in Bangalore; Editing by Saumyadeb Chakrabarty)


Social Media News Headlines – Yahoo! News





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Grammys Flashback: Rihanna 2008

There have been a few Barbadian natives and people with Barbadian descent to become stars over the years, but none have reached the cosmic heights of Rihanna. In 2008, the singer soared into the stratosphere with her first Grammy win, which sent her native Barbados into a frenzy.

Barbados has had successful entertainment personalities like musicians Grandmaster Flex and Doug E. Fresh, and also has star lineage if we include the Barbadian descent of LL Cool J, Cuba Gooding Jr., and even Gwyneth Paltrow.


PICS: Stars Set to Perform at Grammys

For some perspective, the island in The Lesser Antilles has a population of less than 288,000 (roughly the same as St. Paul, Minn.) and is a mere 166 square miles, which is small enough to fit nearly three times over in the city of Los Angeles alone.

Therefore, it's a collective celebration when triumph comes to Barbadian stars.

Only one Barbadian musician had won a Grammy prior to Rihanna (Jimmy Senya Haynes, Steel Pulse), so when she won for Best Rap/Sung Collaboration for "Umbrella," Barbados erupted and then-Prime Minister David Thompson gave the singer a phone call to applaud her achievement.


VIDEO: Grammys Flashback '05: Kanye Wins First of Many

"Everybody's excited. The Prime Minister just called and congratulated me," she tells ET's former correspondent Mark Steines backstage. "It's so awesome. Everybody at home was just screaming. I cannot believe we did it."

Barbados would have plenty of reasons for celebration in the years to come, as Rihanna has won the Best Rap/Sung Collaboration award twice more ("Run This Town," "All of the Lights") and also won Best Dance Recording for "Only Girl (In the World)."


VIDEO: Grammys Flashback '10: Taylor Swift Makes History

Now with four Grammys and a streak of three consecutive years with an award, the Barbadian singer has another opportunity to bring celebration back to her native island with nominations for Best Pop Solo Performance ("Where Have You Been"), Best Rap/Sung Collaboration ("Talk That Talk") and Best Short Form Music Video ("We Found Love").

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Qns. creep busted after he exposed self to two young girls: cops








Police arrested the sicko who allegedly exposed himself to two young girls who he followed on their walk to school in Queens.

Dagoberto Amaya, 32, trailed the 12 and 13 year old as they were walking on Bowne Street in Flushing on Monday at 7:40 a.m., police said.

The creep tried to strike up a conversation with the youngsters, exposed himself to them and then ran off, police said.

Amaya was busted yesterday on charges of endangering the welfare of a child and public lewdness, police said.











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Mompreneur jumps into the ‘Shark Tank’




















It all started with a 4 a.m. email nearly a year ago: “Do you think a baby bib could change the world? I do...”

Then Susie Taylor included a link to her website, bibbitec.com, and off it went to Shark Tank, the popular ABC television show where entrepreneurs pitch their companies to investors on the show — and by extension, 7 million viewers.

Four months later, as the “mompreneur” was leaving her Biscayne Park home to pick up her kids from school, she got a call from the show asking her to pitch on the spot. Driving with her phone on her shoulder, she told the Bibbitec story.





Shark Tank bit. After a few more back and forths, her segment was filmed last summer.

Friday night, Taylor is scheduled to be on the show pitching Bibbitec’s main product, “The Ultimate Bib,” a patented generously sized, stain-resistant and fast-drying child’s bib made in the USA — Hialeah, to be exact. Bibbitec’s $30 bib can be a burp cloth, changing pad, breast feeding shield, full body bib, place mat, art smock and more, Taylor says.

We won’t be getting any details on what happens Friday night when she and her husband, Stephen Taylor, get into the tank with Daymond John, Mark Cuban and the other celebrity sharks; Taylor has been contractually sworn to secrecy. But whatever the outcome, she believes it will be worth it for the marketing pop.

Taylor was inspired to create her bib after a long and very messy plane ride with her two young sons and started Bibbitec in 2008. She and her team — her husband is CFO, her sister, Heather McCabe, handles sales and marketing, her uncle, Richard Page, is in charge of production, and her aunt, Marcia Kreitman, advises on design — have expanded the line to include The Ultimate Smock for older children and the Ultimate Mini for babies. Coming soon: a smock for adults.

Taylor already got a taste of what a national TV show appearance can do for sales. In September, Bibbitec’s sales jumped 40 percent after she was on an ABC World News "Made in America" segment. “Within 30 seconds, we started getting sales from all over the country and they didn’t even mention our name on the air,” Taylor says. She said that confirmed her belief that a Shark Tank appearance would be worth it.

Plus, Taylor has been hooked on Shark Tank since the first time she watched it in 2008 as she was developing her product. Trained in theater, she admits she didn’t know much about business and learned from the show. She would practice how she would answer the questions.

“I’m all about empowering women who are sitting on the couch watching, because that’s what I was four years ago,” says Taylor. “All I wanted to do was to be on Shark Tank because I believed if I got on Shark Tank the world will see what I am trying to do and that’s all I need. I know it’s a great product.”

Will that theater training come in handy Friday night? Stay tuned. Shark Tank airs at 9 p.m. on ABC and Taylor hopes viewers will join in on Twitter using the hashtag #sharkbib.





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Man in wheelchair robbed of his ‘man-purse’ and dumped to the ground




















A man in a wheelchair was robbed of his “man-purse” outside of a Southwest Florida store late Tuesday.

The 53-year-old victim, whose name was not released, was leaving a Dollar General Store in Bradenton when a man approached him from behind and attempted to snatch his man-purse, which was wrapped around his right arm, according to the Manatee County Sheriff’s Office.

During a struggle, the suspect pulled the victim out of the wheelchair and onto the ground. The suspect grabbed the purse and got into the backseat of a waiting car, according to the sheriff's office. The vehicle then took off from the shopping center.





The victim went home and called police about 40 minutes after the robbery.





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Yandex puts mobile app blocked by Facebook on hold






MOSCOW (Reuters) – Russian internet company Yandex has put an experimental application that allows users to search social networking sites from mobile devices on hold after it was blocked by Facebook.


Facebook, which launched its own search tool earlier this month, blocked the Wonder app three hours after its launch on January 24 for U.S. users.






The application allows users to look for recommendations on, for example, music or restaurants based on information from their friends on social network sites.


Facebook believes Wonder violates its policies, which state that no data obtained from Facebook can be used in any search engine without the company’s written permission, Yandex said on Wednesday, adding access to Facebook would not be restored.


“Since this access was revoked, we decided to put our application on hold for the time being,” the Russian firm said, adding it would consider partnership with other social networks and services.


Existing Wonder users are still able to search in Instagram, Foursquare and Twitter, a Yandex spokeswoman said, but marketing and further development of the application is on hold.


(Reporting by Maria Kiselyova; Editing by Mark Potter)


Internet News Headlines – Yahoo! News





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Justin Timberlake Performing at Grammy Awards

After seven years of waiting, Justin Timberlake has finally announced he will be taking the stage once again, and quite the stage it is. The Sexy Back singer is set to perform at this year's 55th Annual Grammy Awards.

RELATED: Beyonce and J.T. to Collaborate

This will be the six-time Grammy winner's first performance in four years on the awards show stage, and will also be his first televised act since announcing the release of his new album, 20/20 Experience, out on March 19.

Timberlake, 31, is in good company. Other artists set to hit the stage include: Adele, Dierks Bentley and Miranda Lambert, the Black Keys, Fun., the Lumineers, Mumford & Sons, Rihanna, Taylor Swift, Carrie Underwood and Jack White, as well as Elton John and current nominee Ed Sheeran performing live together for the first time.

RELATED: Listen to Timberlake's New Song

The Grammys air Sunday, Feb. 10 on CBS.

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Gabrielle Giffords, NRA official to testify at gun-control hearing before Senate Judiciary Committee








WASHINGTON — Wounded former Rep. Gabrielle Giffords was appearing as an unscheduled witness Wednesday at the year's first congressional hearing on curbing gun violence, adding drama to a session that was already slated to hear from a top official of the National Rifle Association.

Giffords, an Arizona Democrat who suffered a severe head wound in a 2011 Tucson shooting spree that killed six people, was not expected to take questions, according to a Senate aide who revealed the details only on condition of anonymity because they had not been announced.





AFP/Getty Images



Gabrielle Giffords in May





The dramatic juxtaposition between the NRA and a famous shooting victim set the stage for the hearing before the Senate Judiciary Committee, whose own members are divided in a microcosm of the debate that gun limits will face on their way through Congress. The hearing is a response to the Dec. 14 shooting rampage that killed 20 first-graders and six adults at Sandy Hook Elementary School in Newtown, Conn., and transformed gun control into a top-tier issue in the capital.

"The time has come to change course," Sen. Dianne Feinstein, D-Calif., one of Congress' leading gun-control advocates, said Tuesday. "And the time has come to make people safe."

Feinstein, a Judiciary Committee member, has already introduced her own legislation banning assault weapons and magazines of more than 10 rounds of ammunition.

Sen. Orrin Hatch, R-Utah, said he would listen to proposals and agreed that reviewing the issue was timely.

"But I'm a strong supporter of the Second Amendment," he said Tuesday, citing the constitutional provision that describes the right to bear arms, "and I don't intend to change."

The chairman of the panel, Sen. Patrick Leahy, D-Vt., said little Tuesday about the direction his committee's legislation might take. Senate Majority Leader Harry Reid, D-Nev., indicated that whatever the committee produced wouldn't necessarily be the final product, saying the package would be debated by the full Senate and senators would be allowed to propose "whatever amendments they want that deal with this issue."

Despite the horrific Newtown slayings, it remains unclear whether those advocating limits on gun availability will be able to overcome resistance by the NRA and lawmakers from states where gun ownership abounds. Question marks include not just many Republicans but also Democratic senators facing re-election in red-leaning states in 2014. They include Max Baucus of Montana, Mark Begich of Alaska and Mark Pryor of Arkansas.

Knowing that television cameras would beam images of the hearing nationally, both sides were drumming up supporters to attend Wednesday's session.










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Tablets take their screen tests




















Screen quality is critical to a great tablet, and in 2012 we saw the quality of tablet screens advance in leaps and bounds, especially in terms of clarity. Here are our favorites.

Barnes & Noble Nook HD

Rating: 3.5 stars out of 5 (Very good)





The good: A light, comfortable design with a sharp screen and a well-implemented user profiles feature. Books, videos and magazines look great and the microSD slot takes some of the sting out of the lack of internal storage.

The bad: App, movie, TV show and game options are thin and there’s no native music service. It’s missing some typical tablet features and 8GB is low for the price. Fingerprints easily sully the screen.

The cost: $199

The bottom line: The Barnes & Noble Nook HD can’t match competing tablets in media library breadth, but as long as you’re not looking for bells and whistles, its sharp screen and comfortable body make it an ideal tablet choice for books and magazines.

Asus Transformer Pad Infinity TF700

Rating: 4 stars out of 5 (Excellent)

The good: High-resolution screen rivals the new iPad’s display in sharpness and clarity. Also, apps launch quickly, GPS works well and its rear camera is the best we’ve seen on any Android tablet. The tablet’s body has the same great thin and light design as the Prime.

The bad: So far, not enough Android apps take advantage of the TF700’s higher pixel count. Also, its battery life isn’t as good as the Prime’s.

The cost: $479.88 to $590.37

The bottom line: The Asus Transformer Pad Infinity TF700 is one of the fastest Android tablets out there, combining an already proven design with a better camera, a faster processor, and a beautiful screen.

Google Nexus 10

Rating: 4 stars out of 5 (Excellent)

The good: A beautifully sharp screen is light, durable and has the fastest processor of any Android tablet. Photo Sphere is an incredibly cool concept. Google’s content ecosystem is only getting better.

The bad: The included charger isn’t fast enough to power the battery while playing a game; even while idle, it charges painfully slowly. There’s no storage expansion option, and apps that take full advantage of the screen are currently few and far between. Navigation isn’t quite as smooth as on the Nexus 7.

The cost: $399

The bottom line: The Nexus 10’s superior design and swift performance make it one of the best Android tablets to date. We expect post-launch updates from Google to make it even better.

Apple iPad (fourth generation)

Rating: 4.5 stars out of 5 (Outstanding)

The good: A6X processor adds extra system speed and graphics power. Improved worldwide cellular compatibility makes the LTE model a more appealing proposition. And the iOS App Store remains best in class, with the widest selection.

The bad: The fourth-gen iPad is otherwise identical to its recent predecessor — same size, weight and Retina Display screen. It’s heavy to hold in one hand, and most older accessories won’t work without investing in a pricey Lightning adapter.

The cost: $499 to $539.99

The bottom line: The latest iPad adds several tweaks and improvements to secure its position at the top of the tablet heap. It’s better all around, but third-gen owners don’t need to upgrade.





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Related developers find themselves in court over tactics




















His company on trial over its tactics in a controversial condo project, Jorge Pérez, the celebrated developer, found himself on the witness stand Monday answering to an unexpected foe: Jorge Pérez, the author.

Pérez, the chairman of the Related Group, testified in the trial of a lawsuit brought against his company by The Vizcayans, a fundraising and support group for the Vizcaya Museum and Gardens. The Vizcayans have accused Pérez’s company of secretly manipulating the zoning process at Miami City Hall to win approval in 2007 for a three-tower condo project next to Mercy Hospital in Coconut Grove — forcing the Vizcayans to spend more than $1 million in legal fees in its successful effort to kill the project.

The Vizcayans, who objected to the project because it would have intruded on the views from the historic property, have also accused the developers of quietly buying the approval of two local neighborhood associations by offering them $8 million in exchange for their support.





William Davis, a lawyer for the Vizcayans, questioned Pérez about the arrangement by citing passages from Pérez’s 2009 book, Powerhouse Principles: The Ultimate Blueprint for Real Estate Success in an Ever-Changing Market (foreword by Donald Trump). In the book, Pérez discussed his efforts to build the Mercy Hospital project, and said his team decided to keep the payments to the neighborhood groups secret because “we gave them a lot of money,” and he feared other groups would ask for more if they got wind of it.

Pérez sheepishly conceded that he didn’t exactly write his book — it was the work of a ghostwriter with whom he worked.

“They were my thoughts interpreted by a person that was writing,” he said.

Davis also tried to hoist Pérez on one of his powerhouse principles from the book: “neutralize the opposition.”

He suggested that Related sued the Vizcayans seeking public records in an effort to harass them. Pérez denied the allegation and said he had no recollection of that lawsuit.

Pérez insisted that there was nothing sinister about the deals with the neighborhood groups; he said the payments to the groups were simply a routine practice his firm follows when it seeks community support for its projects.

“I’m doing that on probably 10 projects right now,” Pérez said.

Yery Marrero, the president of the Natoma Manors homeowners’ association, told jurors that her group supported the condo project not because of the promise of money, but because they thought the condos would prevent Mercy Hospital from expanding and bringing even more traffic to their already congested neighborhood.

“Our issue in our neighborhood is traffic,” Marrero told jurors. “Per day we have so many cars going through there.”

The Vizcayans’ lawyers have portrayed the payments as part of a larger scheme to win over the Miami City Commission, which had to endorse zoning and land-use changes for the condo project. They have accused Related’s staffers, lawyers and lobbyists of working behind the scenes to essentially rig the commission vote.

In one January 2007 email, a Related vice president told Pérez that they had confirmed the votes of three commissioners in favor of the condo deal — days before the first public hearing on the project.

The City Commission ultimately approved the project in a 3-2 vote. But following a suit from The Vizcayans, an appeals court later overturned the decision, finding that the city ran afoul of state zoning laws and that then-Mayor Manny Diaz had improper contact with Pérez during the veto period after the vote.

Diaz is expected to testify Tuesday.

Related’s lawyers, John Shubin and Israel Reyes, have asked Miami-Dade Circuit Judge Daryl Trawick to throw out the case, saying The Vizcayans have failed to prove that the developers set out to deliberately harm the nonprofit.

The developers’ lawyers also called Miami Mayor Tomás Regalado as a witness Monday. Regalado, who was on the commission at the time of the 2007 vote, said he never heard anything suggesting that the developers were trying to harm The Vizcayans.

Shubin said the Vizcayans are wrongly seeking to punish the developers for simply petitioning the government for a zoning change.

“This is all about petitioning activity,” Shubin said. “They can’t even cite to you a case that looks remotely like this one that has been brought.”

Pérez took his day on the witness stand with good humor. “I’m glad someone is reading my book,” he said when his testimony ended.

The trial, now in its fourth week, is expected to end this week.





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