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Netflix and YouTube together now account for more than half of all North American fixed network data traffic during peak hours, according to a Sandvine Internet traffic trends report published Monday. Netflix now accounts for 31.6 percent of downstream traffic in North America, while YouTube account...
After setting its IPO stock price at $26 per share, Twitter on Thursday made a strong public debut in which trading opened at $45.10 per share -- 73 percent above the IPO price. That opening price valued the social media company at more than $31 billion based on its outstanding stock, options and re...
Dish Network on Wednesday announced that it will close its 300 remaining Blockbuster stores by early January and will end its Blockbuster By Mail service by mid-December. The company cited increased competition from digital and on-demand entertainment. Dish acquired Blockbuster in April 2011 for $32...
Amazon on Wednesday announced a new program that will enable independent bookshops and other small retailers to earn extra money by selling Kindle devices and accessories. Dubbed "Amazon Source," the program gives retailers a discount on Kindles and accessories for resale as well as 10 percent of th...
BlackBerry shares fell 13 percent Monday morning on news that the company has abandoned its plan to sell itself to its largest shareholder, Fairfax Financial Holdings. Instead, it has entered into an agreement whereby Fairfax and other institutional investors will invest $1 billion in the company. T...
Nintendo on Wednesday reported a net loss of about $81 million for the quarter ending Sept. 30 and blamed the dismal results at least in part on disappointing sales of its Wii U video game console. The company had reported a profit of roughly $87.5 million the previous quarter. While sales of the Wi...
Netflix has already produced original content including Emmy-nominated House of Cards, but now it looks like the over-the-top streaming service may be interested in producing feature films destined for the silver screen as well. Specifically, instead of taking an approach such as HBO's or Showtime's...
There's a four-story barge floating on San Francisco Bay with a mysterious purpose but a fairly clear link to Google. Now docked near Treasure Island, the former U.S. naval base, the structure was generating no end of speculation on Monday, with suggestions that it could be anything from a floating ...
Twitter has set the price range for its highly anticipated initial public offering at between $17 and $20 per share, according to a document filed on Thursday with the Securities and Exchange Commission. The company plans to raise as much as $1.61 billion by selling between 70 million and 80.5 milli...
There has been no shortage of questions and concerns about BlackBerry's ongoing viability in recent months, but this week brought some good news for the once-dominant mobile phone maker at last. Specifically, just 24 hours after releasing its BlackBerry Messenger chat app for Android and iOS devices...
Google Glass may currently be the name most associated with Internet-connected eyewear, but Microsoft is apparently hoping to make its own mark on the nascent category. Specifically, the company is now testing prototypes of a smart glass technology of its own, according to a Tuesday report. There ar...
LG last week filed for trademarks on three names that contain the word "Chrome," sparking widespread speculation that the company is planning to launch an array of devices that run Google's Linux-based Chrome OS. "ChromeOne," "ChromeDesk" and "ChromeStation" were the names LG snapped up, and for all...
Sony's PlayStation 3 video game console showed in September that it still was able to pack a bit of a punch, dethroning Microsoft's Xbox 360, according to the NPD Group. The Xbox 360 had been the top-selling video console for 32 straight months since January 2011. The Xbox 360 also passed a signific...
Netflix may be angling to provide streaming content to cable subscribers. It apparently is exploring deals with Comcast and Suddenlink Communications to launch an app for set-top boxes. Netflix streams its content through Web-connected TVs; media players such as Apple TV and Roku; video game consol...
Following its launch earlier this year of a 55-inch OLED TV display, LG on Monday announced that it is working on bringing similar technology to mobile devices. The company's first handsets to feature the new OLED technology will arrive on the market next year, it said, following rival Samsung, whic...
Google may have breached federal and California wiretapping laws by machine-scanning Gmail messages in order to deliver targeted advertising, U.S. District Judge Lucy H. Koh ruled on Thursday. As a result of the ruling, a class-action suit against Google over the issue can now proceed. The suit, whi...
eBay on Thursday announced that it is acquiring payment startup Braintree for $800 million in cash. eBay will combine Braintree, which provides technology for processing payments on the Web and mobile devices, with its PayPal payments division. Braintree expects to process some $12 billion in paymen...
RealNetworks on Tuesday announced RealPlayer Cloud, a new service that allows users to upload video files to the company's servers and then view and share them across devices. Billed by the company as the first integrated video player and cloud service, RealPlayer Cloud automatically transforms vide...
Twitter reportedly is in talks with TV networks and advertisers in advance of its IPO, which is expected later this year. Twitter executives are meeting with TV industry reps during the AdWeek conference in New York City this week. Twitter wants to strengthen its revenue flow through partnerships le...
Video game sales showed their first increase in almost two years last month, NPD Group reported on Thursday. Gaming hardware sales weren't so fortunate -- they were down 40 percent compared with August 2012, according NPD's August report on sales in the physical retail sector of the video game indus...
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