For those of you who don’t know, eBay bought a minority ownership stake (28.4%) in Craigslist nearly four years ago as part of a strategy to buy up classified advertising services both in the United States and Europe.
In a lawsuit filed under seal in Delaware Chancery Court last week, eBay alleged that Craigslist held “clandestine” directors’ meetings in recent months to dilute eBay’s 28.4% stake to 24.85%, or less than a quarter of the company.
Kevin Eyres, LinkedIn’s managing director for LinkedIn Europe told IDG that LinkedIn has a CPM of $75 for the U.S. and up to $75 for the UK. Like Michael Learmonth, I have a hard time believing this is an average CPM, but I certainly believe that LinkedIn has a much better CPM than the MySpace and FaceBooks out there.
Indeed, LinkedIn users’ average age is 41 and their average income is $110,000! Not too bad… especially compared to the cheap and young users of MySpace.
Is Microsoft Google’s biggest threat? Nope. Is it Yahoo? Think again… Ben Kunz at Business Week wrote a very good article about how Google is actually its own biggest threat.
Google makes money by having ads displayed on your screen, whether when you’re doing a search on Google (these ads at the very top and on the side) but also on “affiliate” websites that use Adsense, Google’s advertising platform for publishers. For those of you who don’t know, publishers can make money from Google when they display Google ads on their site. Some people make really good money! Anyways.
Yahoo Inc posted a better-than-expected quarterly profit on Tuesday but failed to do well enough to convince many on Wall Street that Microsoft Corp needs to raise its takeover bid.
“Our board and management team continue to be open to any and all alternatives, including a Microsoft deal. ” Said CEO Jerry Yang.
For the 3rd year in a row, Google has grabbed the top spot in a list of the top most powerful global brands. Its brand value grew 30 percent since last year’s report to surpass $86 billion.
Microsoft, for the record, once again came in third, with a $70.9 billion brand value. (General Electric once again took second place, at $71.4 billion).
Of course not! But at least the good results announced today by Google are reassuring for the web economy.
Google posted today a better-than-expected profit, defying fears the company is facing an Internet advertising slowdown and sending its shares past the $500 mark in extended trade.