Technology Report: Facebook reveals revenue, profit slide ahead of IPO

Click to View in Browser 04/23/2012 Facebook reveals revenue, profit slide ahead of IPO SAN FRANCISCO (Reuters) - Facebook Inc said its revenue declined sequentially in the first quarter, the weakest performance by the world's largest social media network since at least 2010. Facebook pays Microsoft $550 million for AOL patents SAN FRANCISCO/WASHINGTON (Reuters) - Facebook will pay Microsoft Corp $550 million for hundreds of patents that originated with AOL, beefing up its intellectual property arsenal. NimbleTV takes a shot at 'TV Everywhere' NEW YORK (TheWrap.com) - NimbleTV is trying to make good on the promise of "TV Everywhere" that has eluded cable providers and customers alike. Obama seeks to stop Syria, Iran tech assault on activists WASHINGTON (Reuters) - U.S. President Barack Obama unveiled sanctions on Monday against those who help Syria and Iran track dissidents through cell phones and computers and said he would keep adding pressure on both governments to prevent mass atrocities. "Granny Nav" to guide elderly drivers on the road LONDON (Reuters) - Older drivers may now be able to stay on the road for longer thanks to new technology being developed by scientists that uses pictures of mail boxes or pubs as visual turning cues. Boss of UK's Sky News reprimanded over email hacking LONDON (Reuters) - The judge presiding over an inquiry into British press standards on Monday rebuked the head of Sky News, the influential news channel of Rupert Murdoch-controlled BSkyB, for breaking the law by hacking into emails to generate a story. Insight: Outsider Ren pits Huawei against the world (Reuters) - In the 1990s, Huawei CEO Ren Zhengfei visited the United States several times, hoping to learn from its leaders of industry about how to turn his Chinese telecoms equipment maker into a global company. On one trip in 1992, in the days before China had credit cards, he paid all his bills with cash from a $30,000 stash in his briefcase. China Internet firms face venture capital funding squeeze SHANGHAI/HONG KONG (Reuters) - China's hot Internet sector is facing a problem it is unaccustomed to: a lack of money. China's ZTE to sell 100 million smartphones a year by 2015 HONG KONG (Reuters) - China's ZTE Corp, which launched its first basic mobile phone in Africa little more than 10 years ago, said it could be shipping 100 million smartphones a year by 2015, as it looks up-market to reverse a decline in its handset margins. China's Alibaba.com Q1 profit slumps 25 percent (Reuters) - Alibaba.com Ltd, China's largest listed e-commerce company, posted a 25 percent slide in first-quarter earnings on Monday, weighed by a stagnant paying member base and higher operating expenses. Related Video U.N. promotes cooking stove revolution in Nigeria Diet goggles serve food for thought Mediafile Alexei Oreskovic Copious revamps social commerce service with a new twist Lisa Richwine 'Think Like a Man' ends 'Hunger Games' streak A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend