Two dozen letters posted to the SEC's website a month after the company went public indicate the social media company attempted to overstate the number of users of its mobile devices and cited the wrong research in its February 1 filing with the SEC, according to Bloomberg News.
Industry
WSJ Technology Innovation Awards: Printechnolgics, Pure Storage and Vidacare Nab Top Spots
The Wall Street Journal has recognized the world's hottest new innovations with its annual Technology Innovation Awards, highlighted in today's paper. Culled from 536 applications originating in two dozen countries, the 37 winners and runners up span 18 categories and include start-ups as well as larger, more established companies.
Yahoo Recruits Top Ad Exec Henrique de Castro from Rival Google
In the latest coup for what was an early Internet sensation when it the scene in the mid-nineties but has more recently been waning, Yahoo Inc. has recruited a top advertising sales executive from its rival Google, Vice President Henrique de Castro, as its new Chief Operating Officer. Mr. de Castro will take the reins from another Google veteran Marissa Mayer who has been CEO and President at Yahoo since July.
'The New Tycoons' Tells the Stories of Billionaire Founders of the Top Private Equity Firms
Private equity plays a pervasive role in all of our lives,whether we are aware of it or not. In "The New Tycoons," author Jason Kelly tells the stories of the men who created this trillion-dollar industry.
Venture Capital-Backed Companies with Women Execs More Likely to Succeed
A recently released study by Dow Jones finds that venture capital-backed companies with female executives are more successful than those with only men in senior executive roles.
Latest News
Greek's ancient Port of Piraeus is half-owned by the Chinese-owned giant Cosco, which has tripled the volume of cargo traffic there since 2010. The trade-off is in workers' salaries and employment protections.
According to a recent interview with Twitter's CEO, the microblogging site's focus is on growing its advertising and user base but speculations about an IPO are still irresistible to the media.
Reuters reported today that big private equity firms will bid for Ingham Enterprises, Australasia's largest poultry producer, according to confidential sources.
Last week the Indian government announced that it was increasing the limits for foreign investment in insurance joint ventures, and opening the pension system to foreigners.
Shares for the online game-maker Zynga were down more than 20 percent on Thursday, an all-time low at $2.82 in afterhours trading, after reports of expected third-quarter losses, and projected revenue losses for the year.
Mitsubishi UFJ Lease is Buying U.S.-based Jackson Square Aviation from Oaktree Capital Group for approximately $130 billion.
Starbucks' customers who own smartphones (iPhones and Androids) will be able to pay with the Square Wallet mobile device starting early next month.
Ralls Corp., the Chinese-owned company that was blocked by President Obama on Friday from building four wind farms in Northern Oregon, has added President Barack Obama as a defendant in a lawsuit alleging that the government exceeded its authority, The Wall Street Journal reported Tuesday.
Reuters reports the merger and acquisition deals of the day. (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: Two former top aides to Canadian Prime Minister Stephen Harper said on Thursday he should approve a $15.
