Online Retail Spending Tops Record $40 Billion

U.S. online retail spending reached a record $43.4 billion in the fourth quarter of 2010, an increase of 11 percent over a year ago, according to a new report from comScore. This growth rate is the fifth consecutive quarter of positive year-over-year growth and second quarter of double-digit growth rates in the past year. “Retail […]

Answers.com Sells For $127 Million

Over the next few days, onlookers shouldn’t be surprised if the mix of questions on Answers.com begins to favor inquiries of the "what kind of ____ should I buy?" variety.  Fans may have some extra money coming to them, as Answers.com announced this morning that it’s being acquired for $127 million. AFCV Holdings, which is […]

The Things Google Did in 2010 (The Second Quarter)

We’re looking at the things Google has done over the course of the year. For the first quarter, read this article. Now we’ll pick up in the second quarter.  Allow me to include the disclaimer from the previous post: I have not included every single Google-related story of the year. That would require a book (and […]

Google Slides To Third Place In Chinese Online Ad Market

It’s a pretty well-known fact that Baidu’s beaten Google in China, and all of Google’s efforts to reverse that fact haven’t accomplished much.  Unfortunately for the company, those efforts also failed to hold off another rival, as a new report puts Alibaba ahead of Google in the online ad market. Owen Fletcher wrote earlier today, […]

CDs To Get Cheaper: Will You Buy Them? [POLL]

Universal Music Group will drop the prices on the majority of its new CD releases to between six and 10 dollars. This plan — dubbed the Velocity program — will go into effect in the second quarter of this year. UMG hopes this plan will at least slow the serious decline in CD sales that […]