Alibaba Group is planning to list its IPO on the New York Stock Exchange, according to several news reports, in what likely would be one of the largest-ever IPOs in the U.S. in the amount raised. Alibaba is the largest e-commerce provider in China, described as Amazon.com (AMZN), eBay (EBAY), PayPal and Google (GOOG) all wrapped into one. Analysts say an Alibaba IPO could raise about $20 billion and give the company a market valuation of $100
Some advertisers have allocated about 20% more of their 2014 budgets to search ads on Google (GOOG) than they did a year ago, says an analyst, as the search giant’s effort to build a single platform for buying ads on all devices starts to pay off. The increased ad buying seems to be driven by more ad clicks and a higher per-click rate for mobile ads, says Cowen & Co. analyst John Blackledge, who based his research on interviews with a search ad
Google (GOOG) on Thursday said it will slash pricing on Drive, its cloud-storage service. “Today, thanks to a number of recent infrastructure improvements, we’re able to make it more affordable for you to keep everything safe and easy to reach on any device, from anywhere,” wrote Director of Product Management Scott Johnston in a blog post. Google Drive is a platform for saving text documents, photos, spreadsheets and other files. Once those files