Facebook Inc. investors who pushed the company’s shares to a record after it unveiled the $19 billion deal for WhatsApp Inc. would be well served to remember -- every Internet takeover of more than $10 billion has flopped.
The prosecutor’s office in Istanbul has ordered Turkish police to halt wiretaps and monitoring of graft probe suspects and destroy all related recordings and documents from Dec. 15, Zaman newspaper said today, citing a copy of prosecutors’ communication with police.
The U.S. Supreme Court considered making it easier for companies that defeat patent-infringement lawsuits to collect legal fees from the losers in a case with ramifications for Apple Inc. and Google Inc.
The release of another audio tape allegedly placing Turkey’s Prime Minister Recep Tayyip Erdogan at the center of a bribery scheme show he’s become a source of instability for his country, the main opposition party charged.
When Netflix agreed to pay Comcast to stream its movies to the Internet service provider's customers without infuriating delays, it essentially yielded to monopolistic extortion. Comcast, which has just agreed to acquire Time Warner Cable, will soon be the biggest ISP in the U.S., and stuttering video transmission to its clients is not an option for Netflix. The outcome, however, is good for consumers: They will not be charged for what they are not buying.
Turkey’s opposition urged Prime Minister Recep Tayyip Erdogan to quit and protests broke out in several cities after the release of an audio tape purportedly of Erdogan discussing how to dispose of hidden funds.