Fortune's curated selection of tech stories from the last 24 hours. Sign up to get the round-up delivered to you each and every day.
* Verizon Wireless (VZ) ruffled some feathers after users of its high-speed 4G network experienced the fourth outage of the year and the third this month alone. Also, news of a $2 surcharge fee for one-time credit or debit card payments conducted via phone or online spread, somewhat inaccurately, causing customers to Tweet their dissatisfaction and create online petitions. (The Wall Street Journal and The New York Times)
Former HP CEO Mark Hurd
* In a nice scoop, All Things D obtained the letter that spells out the allegations against former HP (HPQ) CEO Mark Hurd, after Hurd allegedly pursued and pressured contracted employee Jodie Fisher with sexual advances. The allegations would eventually lead to Hurd's resi. (All Things D)
* Amazon (AMZN) reported that it sold well over four million Kindles this month, with the Kindle Fire, Kindle Touch, and Kindle leading the company's best seller charts. Still, Goldman Sachs said Amazon may miss analysts' sales predictions for the same time frame. (Amazon and All Things D)
* Apple's mobile operating system market share inched up to 28.7% thanks to the iPhone 4's price drop and the introduction of the iPhone 4S. Meanwhile, Android still reigns -- its own market share climbed almost 3% to 46.9% between August and November. (TechCrunch)
* Alibaba Group, the giant Chinese e-commerce company, hired Washington lobbying firm Duberstein Group Inc. in a lead up to a potential bid for Yahoo (YHOO). Back in September, Alibaba Group founder Jack Ma said he was interested in the acquisition if an opportunity arose. (Reuters)
* Some 300 million of Facebook's 800 million total users now access the social network via mobile apps. (The Next Web)
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Major executive shakedown over at Chinese business-to-business service Alibaba.com. CEO David Wei and COO Elvis Lee took responsibility and resigned over fraudulent company activity that they were reportedly not involved in. An internal probe found that 2,000-plus vendors on the e-commerce site submitted fake business MORE JP Mangalindan, Writer-Reporter - Feb 22, 2011 5:00 AM ET
Alibaba.com expands staff, launches ad campaign in a bid to sell wares to American small businesses.
You might not be in the market for mass quantities of biodegradable flower pots or fly masks for horses, but chances are there's someone out there who is. Both are for sale--along with hydraulic briquette presses and canned sweet corn in bulk--on Alibaba.com.
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| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.95 | -0.16 | -1.97% |
| Microsoft Corp | 31.27 | -0.17 | -0.54% |
| Ford Motor Co | 12.28 | -0.25 | -2.00% |
| General Electric Co | 19.39 | 0.17 | 0.88% |
| Citigroup Inc | 32.36 | -1.00 | -3.00% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,938.67 | -27.02 | -0.21% |
| Nasdaq | 2,933.17 | -15.40 | -0.52% |
| S&P 500 | 1,357.66 | -4.55 | -0.33% |
| Treasuries | 2.00 | -0.04 | -1.96% |
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