NEW YORK - Google(GOOG_) said Thursday it is changing its search algorithm to improve the rankings of high-quality sites, while pushing down low-quality sites. The change, which will affect 11.8% of all search queries, is reportedly directed at reducing the visibility of content farms like eHow that have a low value add for users.Shares of Google rose 0.4% in pre-market trading Friday to $611.
News Corp(NWSA_) is kicking off its process to explore strategic alternatives for ailing social network Myspace, according to reports. The media conglomerate has hired investment bank Allen & Co to help with the process.
AOL(AOL_) announced Thursday several executive changes in the aftermath of its $315 million acquisition of the Huffington Post, and is considering layoffs, according to reports. Jon Brod, the current president of AOL's venture capital unit, will become Chief Operating Officer of Huffington Post Media Group, while AOL Media President David Eun said he is leaving the company.
SAP(SAP_) has filed a motion to reduce the amount of damages it owes to Oracle(ORCL_) in a copyright infringement lawsuit. A jury ruled in November that the software giant must pay Oracle $1.3 billion.
Shares of SAP fell 0.2% in pre-market trading Friday.
Instagram, the popular photo editing and sharing app for iPhone, announced Thursday a new interface that would allow developers to build applications using its platform. Instagram hopes that by letting developers leverage its technology it will encourage more sharing and increase its user base. Launched in October, Instagram boasts over 2 million registered users.
News Corp(NWSA_) is kicking off its process to explore strategic alternatives for ailing social network Myspace, according to reports. The media conglomerate has hired investment bank Allen & Co to help with the process.
AOL(AOL_) announced Thursday several executive changes in the aftermath of its $315 million acquisition of the Huffington Post, and is considering layoffs, according to reports. Jon Brod, the current president of AOL's venture capital unit, will become Chief Operating Officer of Huffington Post Media Group, while AOL Media President David Eun said he is leaving the company.
SAP(SAP_) has filed a motion to reduce the amount of damages it owes to Oracle(ORCL_) in a copyright infringement lawsuit. A jury ruled in November that the software giant must pay Oracle $1.3 billion.
Shares of SAP fell 0.2% in pre-market trading Friday.
Instagram, the popular photo editing and sharing app for iPhone, announced Thursday a new interface that would allow developers to build applications using its platform. Instagram hopes that by letting developers leverage its technology it will encourage more sharing and increase its user base. Launched in October, Instagram boasts over 2 million registered users.
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