Yahoo (YHOO) aims to launch an online video rival to Google’s (GOOG) YouTube by late summer if final contract issues can be resolved with content creators, according to a report by Ad Age. Yahoo is talking with video producers and hopes to attract top talent with more generous revenue-sharing deals than YouTube, said the Ad Age report. “Talks with the video creator community have been ongoing since the beginning of the year. Yahoo is even
If you’re wondering what a Google (GOOGL) vote is worth, the answer seems to be $7.35. Through Tuesday, in the 38 trading sessions since Google’s complex 2-for-1 stock split that created nonvoting shares trading under the GOOG (GOOG) ticker, the GOOG stock price has closed an average of 7.35 lower than the price of GOOGL stock. The GOOGL stock, as did the pre-split GOOG stock, has one-10th the voting rights of the nontraded Google Class B shares.
Smartphone manufacturing is a money-losing proposition unless you’re Apple (AAPL) or Samsung. Those top two vendors in the handset market soaked up all of the available profits in the business yet again in the first quarter, according to Canaccord Genuity. In fact, Apple (AAPL) and Samsung accounted for 106% of smartphone profits in Q1 because they made more money than the total market since other major vendors lost money, Canaccord analyst Michael Walkley said in a report Thursday. Apple and Samsung combined for $15.71 billion in operating income from smartphones in Q1, while the total market among the leading vendors produced $14.86 billion in operating income. Nokia (NOK), BlackBerry (BBRY), Motorola, Sony (SNE), LG and HTC all lost money in their smartphone businesses last quarter. Microsoft (MSFT) completed its purchase of Nokia’s handset business on April 25. And Lenovo is in the process of buying Motorola from Google (GOOG).