As Microsoft works to contain fallout from angry Live Search cashback shoppers who didn’t get a promised 40 percent discount on some Hewlett-Packard purchases on Black Friday, the company said today it’s tweaking the service.More
Intelius, the company that provides online background checks and sells cellphone numbers to consumers, filed for an initial public offering today, according to documents filed with the Securities & Exchange Commission.
The Bellevue-based company said it hopes to raise up to $143.8 million in the offering. It would trade on the Nasdaq market under the symbol “INTL.”
Co-founder, CEO and President Naveen Jain previously founded InfoSpace, which at its height was worth more than Boeing. He was ultimately let go and paid a multi-million dollar settlement amid allegations of insider trading.
A Seattle Times investigation published in 2005 found that Jain, 48, and other InfoSpace executives appeared to have boosted the company’s stock value with accounting tricks and dubious deals in 2000. The investigation found they concealed revenue shortfalls and made “lazy Susan” deals in which company officials invested in other firms that, in turn, sent money back that InfoSpace could count as revenue.More
On Amazon.com today, Jeff Bezos writes a letter to customers, about reading books — “I love slipping into a comfortable chair for a long read….The physical book is so elegant that the artifact itself disappears into the background. The paper, glue, ink, and stitching that make up the book vanish, and what remains is…More
Shares of Amazon.com rose today after reports quoted CEO Jeff Bezos as saying the company will invest more in China. Amazon shares added $3.10, $73.52 at noon. Earlier, shares hit a new seven-year high at $73.93. At a press conference in China, Bezos said the company will put more funding into its business there since it…More
Is Amazon.com’s stock price getting too expensive? That’s what GigaOM is wondering. Amazon has been trading at 55.7 times its forward earnings, according to GigaOM. Look what happened the last time it got this high. In October 2003, when the company’s P/E ratio was at 58.9, the stock began a slide from $60 to $25. Amazon’s…More
Amazon.com is pushing further into the audiobook format. The company said today it has bought Brilliance Audio, the largest independent publisher of audiobooks in the country (release here). Brilliance is expected to continue operating out of its offices in Grand Haven, Mich. Amazon didn’t say how much it paid for Brilliance. Separately, Valleywag…More
Finally confirming months of swirling rumors, Amazon said today it will launch a digital music store later this year. But unlike the many stores already out there, this one has a twist: its songs won’t have copy protection restrictions. The songs will be in the MP3 format, which means that you can pretty much do anything…More
Seattle airfare prediction company Farecast is no longer in its beta, or testing, period starting today. The company also said it’s introducing some new features, including an alert system to tell users when certain airfares drop. Farecast also disclosed the results of an audit of its airfare predictions. The company hired Navigant Consulting to analyze…More
Amazon.com has bought London-based digital camera site dpreview.com for an undisclosed amount. In a statement announcing the deal, dpreview founder Phil Askey said he didn’t have enough time to produce content and come up with new site features. Now with Amazon’s help, he said, he’ll be able to devote more time to site…More