After more than five years of reporting on school-board meetings and community bake sales, AOL Inc.’s Patch is now at the center of another story: whether the company’s bet on local news can be profitable.
Facebook Inc., operator of the world’s most popular social network, rose in trading today after it said it would sell advertising on its Instagram photo service, the first effort to make money from the acquisition.
Yahoo! Inc. named Marissa Mayer chief executive officer, appointing a technologist who has managed some of Google Inc.’s most popular products to help reverse market-share losses that fueled three years of sales declines at the biggest U.S. Web portal.
Google Inc., owner of the world’s largest search engine, rose the most since 2011 after reporting profit that topped analysts’ estimates as advertisers boosted spending to reach consumers during the holiday season.
Zynga Inc.’s operations are getting the least credit in public markets among Internet media companies, and management’s refusal to consider a sale as growth slows is blocking an avenue for shareholders to recoup losses.