allen Archives - Elite Sites

Liberty Interactive to buy online retailer Zulily in $2.4 billion deal

August 17, 2015 admin allen, binghamton, interactive, internet, law-enforcement, liberty-media, malone-backed, master, online, spam, the-management, the-master, ventura, world-reopened

Liberty Interactive Corp , which owns home shopping network QVC, said it would acquire Zulily Inc in a deal valued at $2.4 billion to tap into the online retailer's younger clientele and its strong mobile presence. Chinese e-commerce giant Alibaba Group Holding Ltd owns a stake of about 9 percent in the company. Billionaire John Malone-backed Liberty will combine the five-year old Zulily with its QVC business, which is about 30 years old and seen by analysts as a maturing business in the United States

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Twitter considers board shakeup, may include exit of Costolo: Bloomberg

August 8, 2015 admin allen, annual, bloomberg, changes-may, chief-executive, citing-people, costolo, exit, former-twitter, matter, twitter, valley

(Reuters) – Twitter Inc's board is weighing a shakeup that could involve the exit of former Chief Executive Dick Costolo, Bloomberg reported, citing people familiar with the matter. The changes may be announced when the company names a permanent CEO, Bloomberg said. Twitter declined to comment.

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IAC profit beats as its dating websites attract more paid users

April 28, 2015 publisher allen, chairman, chairman-diller, dating-websites, obtain-medical, other-services, street, tinder-plus

IAC/InterActiveCorp reported a higher-than-expected quarterly profit as subscription revenue rose from its dating websites and the company said user response to the paid version of its Tinder dating app was better than it had anticipated. Shares of the company, whose chairman is media mogul Barry Diller, rose about 2 percent in extended trading on Tuesday. IAC, which also owns video sharing service Vimeo and education service Princeton Review, said it launched 'Tinder Plus' in March

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Selerity reveals Twitter results ahead of schedule

April 28, 2015 publisher 456-8-million, allen, average-had, dating-websites, earnings, market-data, numbers-before, street, the-first, thomson-reuters

(Reuters) – Micro-blogging website Twitter Inc had lower-than-expected quarterly revenue, according to market data firm Selerity, which revealed the earnings numbers before the company's scheduled announcement. Twitter, which allows users to broadcast 140-character messages, had revenue of $436 million in the first quarter, according to Selerity. Excluding items, the company earned 7 cents per share, Selerity said on its Twitter page