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Google buys drone maker Titan Aerospace, Facebook had shown interest

Monday, 14 April 2014 15:01
MOUNTAIN VIEW, Calif., April 14 (UPI) -- Google has agreed to buy solar-powered drone maker Titan Aerospace for an undisclosed sum, beating Facebook who was also interested in the acquisition. Google will acquire the 20 person team, based out of New Mexico and headed by former Symantec CEO Vern Raburn. This comes a few weeks after Facebook bought U.K.-based solar-powered drone startup Ascenta for $20 million. Google said the Titan team will work with closely…

Google Buys Drone Maker Courted by Facebook

Monday, 14 April 2014 13:47
By Alistair Barr and Reed Albergotti Google Inc. said Monday it agreed to buy Titan Aerospace, a startup maker of high-altitude drones, as the Internetsearch giant adds more aerial technology to collect images and get more of the world's population online. Google didn't disclose a purchase price for Titan, of Moriarty, N.M., whose solar-powered drones are intended tofly for years. Earlier this year, Facebook had been in talks to buy Titan. But Facebook later said…

Google Buys Drone Firm Pursued by Facebook

Monday, 14 April 2014 13:47
Google has purchased Titan Aerospace, a maker of drones that Facebook was reportedly interested in buying as well. “Titan Aerospace and Google share a profound optimism about the potential for technology to improve the world," Google said in a statement provided to Mashable. "It’s still early days, but atmospheric satellites could help bring internet access to millions of people, and help solve other problems, including disaster relief and environmental damage like deforestation. It’s why we’re…

Google Just Bought the Drone Company that Facebook Had Its Eye On

Monday, 14 April 2014 13:47
Google swept in and agreed to buy Titan Aerospace, a high-altitude drone manufacturer, on Monday, months after Facebook had entered into talks to buy the company. Titan, based in New Mexico, will go to Google for an undisclosed sum. The Wall Street Journal's report on the sale notes that the drone maker will help Google with its "Project Loon" initiative, which looks to provide internet access to remote areas using large high-altitude balloons. In a…

Technology Stock Roundup: Facebook Touches Milestone in India, Google Targets XP Users - Analyst Blog

Monday, 14 April 2014 12:47
There were many announcements last week, but the most interesting were Facebook's ( FB ) progress in India, Google's ( GOOGL ) lure to XP users and the new graphics processing unit (GPU) from Advanced Micro Devices ( AMD ). Facebook Crosses 100 Million Users in India TechCrunch reports that Facebook users in India crossed 100 million on Mar 31 this year making India a close second to the U.S. Not only that - Facebook…

Google, Facebook, Yahoo Lead Techs Higher

Monday, 14 April 2014 10:17
SAN FRANCISCO – Technology stocks were mostly higher Monday propelled by gains in shares of Internet and social media companies. Google , Facebook , Yahoo and Twitter were each up more than 1%. The sector also got a lift from shares of Hewlett-Packard , which were up about 1% and Netflix , which added 1.6%. The Nasdaq Composite Index was up 25 points at 4,024. The Morgan Stanley High Tech 35 Index and the Philadelphia…

Here's how data thieves have captured our lives on the internet | John Naughton

Sunday, 13 April 2014 04:32
Whatever else 2013 will be remembered for, it will be known as the year in which a courageous whistleblower brought home to us the extent to which the most liberating communications technology since printing has been captured. Although Edward Snowden's revelations initially seemed only to document the extent to which the state had exploited internet technology to create a surveillance system of unimaginable comprehensiveness, as the leaks flowed it gradually dawned on us that our…

Facebook snaps up messaging service WhatsApp in $19bn deal

Sunday, 13 April 2014 03:17
Facebook announced the purchase of the mobile messaging service WhatsApp on Wednesday, in a $19bn deal that represents the social media company’s biggest acquisition yet. Mark Zuckerberg, the founder of Facebook, described five-year-old WhatsApp as an “incredibly valuable” service that was well on its way to connecting 1 billion people around the world. The deal is a big bet for Facebook, which has until recently struggled to convince investors of its strategy for mobile. WhatsApp…

Facebook, Google lead web sector surge

Saturday, 12 April 2014 15:02
Google, Facebook and other Web-sector companies were the growth engine for the Silicon Valley 150 in 2013, fueled by the continuing boom in online advertising and e-commerce. Facebook in particular turned in a dramatic performance, as CEO Mark Zuckerberg oversaw its transformation from a personal computer-based social network to a "mobile-first" advertising powerhouse. The SV150's Web sector, overall, had a bigger percentage increase in revenue and stock value than any other sector, except the much-smaller…

Google, Facebook and Paypal insist internet passwords are still secure after heartbleed bug alert

Friday, 11 April 2014 07:47
Panic was triggered earlier this week among internet usersTens of millions of users did not have promised securityBlogging sites and social networks urged customers to change passwordsNow they insist everything is still secure after the alertBySean Poulter Published: 19:10 EST, 10 April 2014 | Updated: 21:03 EST, 10 April 2014 160shares 28