Alibaba Group Holding Ltd.’s fourth- quarter revenue growth slowed and profit margins declined as the e-commerce company spent more on marketing to attract smartphone users.
Web.com Group Inc. shares tumbled 20 percent after Google Inc. said it’s testing a service for finding and registering domain names on the Internet, potentially threatening Web.com’s main business.
For potential buyers from Google Inc. to Facebook Inc., takeover targets just got cheaper.
Groupon Inc., the largest daily- deals website, is introducing a credit-card reader to vie with products offered by Square Inc. and EBay Inc.’s PayPal service and boost revenue from small businesses.
Alibaba Group Holding Ltd. posted a surge in fourth-quarter profit as analysts raise their valuation ahead of a potential U.S. initial public offering by China’s largest e-commerce company.
Akamai Technologies Inc., which helps businesses deliver data at faster speeds over the Internet, said Chief Executive Officer Paul Sagan will leave by the end of 2013.
"He is clearly doing all the right things, including just boosting employee morale."
- Sameet Sinha on Aug 05, 2014