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Barbara Ortutay
Associated Press|ap.org

NEW YORK — Snapchat has agreed to settle with the Federal Trade Commission over charges that it deceived customers about the disappearing nature of messages sent through its service and that it collected users’ contacts without telling them or asking permission.

Snapchat is a popular mobile messaging app that lets people send photos, videos and messages that disappear in a few seconds. But the FTC said Snapchat misled users about its data collection methods and failed to tell users that others could save their messages without their knowledge. read more »

 

NEW YORK — U.S. Internet advertising revenue grew 15 percent to a record $36.6 billion in 2012, with mobile ad revenue growing faster than other types, according to a new report released April 16.

The report from the Interactive Advertising Bureau and PricewaterhouseCoopers said that mobile ad revenue more than doubled from the previous year to $3.4 billion. It accounted for 9 percent of total Internet ad revenue in 2012. In 2011, the $1.6 billion in mobile ad revenue made up 5 percent of the total. Mobile ads represent an area of growth for many companies, including Google Inc. and Facebook Inc. Facebook started showing mobile ads last year.

Research firm eMarketer, which includes more types of mobile ads in its calculations, expects U.S. mobile ad spending to grow 77 percent in 2013 to $7.29 billion from $4.11 billion last year. read more »

 

NEW YORK — Now that Groupon has gotten rid of its quirky founder and CEO, the chief question is whether the company’s underlying online deals business is promising enough to reverse its falling stock price, declining revenue growth and waning consumer interest.

Groupon Inc. fired Andrew Mason on Feb. 28, one day after the company reported another disappointing quarter amid worries that people are tiring of the restaurant, spa and Botox deals that Groupon built its business on.

In a refreshingly candid memo to staff, Groupon CEO Andrew Mason admitted he “failed at this part of the journey” and said the company’s employees “deserve the outside world to give you a second chance. I’m getting in the way of that. A fresh CEO earns you that chance.” read more »

 

SAN FRANCISCO — Facebook CEO Mark Zuckerberg said he is donating nearly $500 million in stock to a Silicon Valley charity with the aim of funding health and education issues.

Zuckerberg donated 18 million Facebook shares, valued at $498.8 million based on their closing price Dec. 18. The beneficiary is the Silicon Valley Community Foundation, a nonprofit that works with donors to allocate their gifts.

This is Zuckerberg’s largest donation to date. He pledged $100 million in Facebook stock to Newark, N.J., public schools in 2010, before his company went public earlier this year. Later in 2010, he joined Giving Pledge, an effort led by Microsoft Corp. founder Bill Gates and Berkshire Hathaway Inc. CEO Warren Buffett to get the country’s richest people to donate most of their wealth. His wife, Priscilla Chan, joined with him. read more »

 
In case you haven't heard by now, Apple is unveiling its latest iPhone on Wednesday. That leaves the question: What should you do with your old one?

NEW YORK — In case you haven’t heard by now, Apple is unveiling its latest iPhone on Wednesday. That leaves the question: What should you do with your old one?

The new phones will join some 244 million iPhones sold since the first one launched in 2007. Some have been lost or stolen. Some of us are still hanging on to our old gadgets in some futile attempt to resist the constant upgrade cycle that technology companies are forcing on us.

But it’s fair to say that millions of iPhones are languishing in desk drawers or gathering dust. Here are a few things to do with yours to keep it from meeting that fate once you buy the iPhone 5. read more »

 
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