The implications of the Amazon flash sale go beyond 24 hours.
Last week, LivingSocial offered a flash sale that lit up the web. For 24 hours, it sold $20 Amazon gift cards for half that price, and customers eagerly chomped at the deal. In the end, 1,378,938 million cards -- the equivalent of 7,600 an hour or 80 per second -- were sold in the U.S., and the resulting MORE
JP Mangalindan, Writer - Jan 24, 2011 11:58 AM ET
A curated selection of the day's most newsworthy tech stories from all over the Web.
During Google's earnings call yesterday, the Internet giant announced that CEO Eric Schmidt is resigning his role to focus on being Chairman, making room for co-founder Larry Page to take over as CEO. Meanwhile, Sergey Brin's title will change to co-founder. "I am enormously proud of my last decade as CEO, and I am certain that the MORE
JP Mangalindan, Writer - Jan 21, 2011 8:10 AM ET
A curated selection of the day's most newsworthy tech stories from all over the Web.
Yesterday, Living Social sold more than 1.1 million $20 Amazon gift certificates for $10 each, earning the daily deals site more than $11,000,000 in sales in less than 24 hours. (LivingSocial) The Nintendo 3DS handheld will go on sale in the U.S. on March 27 for $249, right in line with some analyst predictions. As Fortune reported MORE JP Mangalindan, Writer - Jan 20, 2011 8:58 AM ET
A long time coming, the combined efforts of major players and successful startups have irrevocably changed the way consumers shop.
In the tech world, 2010 will be remembered for a few newsworthy events. The iPad launched last spring and took tablets mainstream. In August, sales of Android devices trumped iPhone sales for the first time. And just several weeks ago, the industry eagerly witnessed Google's (GOOG) jaw-dropping (and rejected) bid for Groupon.
Behind MORE
JP Mangalindan, Writer - Dec 20, 2010 5:00 AM ET
A curated selection of the day's most newsworthy tech stories from all over the Web.
"Chrome OS will be killed next year (or "merged" with Android). ... Chrome OS has no purpose that isn't better served by Android (perhaps with a few mods to support a non-touch display)." -- Gmail creator Paul Buchheit (Boy Genius Report and TechCrunch)
Unfortunately, Yahoo finally made good on all those layoff rumors by cutting roughly 600 jobs, MORE
JP Mangalindan, Writer - Dec 15, 2010 7:59 AM ET
Every day, the Fortune staff spends hours poring over tech stories, posts, and reviews from all over the Web to keep tabs on the companies that matter. We've assembled the day's most newsworthy bits below.
"I never thought I was a very good manager. I mean I am decent, but I want to go back to what I am good at, which is looking for opportunities to grow the business. Greg [Blatt] MORE
JP Mangalindan, Writer - Dec 3, 2010 6:00 AM ET
A round-up of the companies, deals, and trends that made headlines.
Every day, the Fortune staff spends hours poring over tech stories, posts, and reviews from all over the Web to keep tabs on the companies that matter. We've assembled the morning's most newsworthy bits below.
Former HP (HPQ) CEO Mark Hurd made his first public comments as Oracle (ORCL) co-president to discuss the company's huge growth opportunities. Oracle's first-quarter revenue rose MORE
JP Mangalindan, Writer - Sep 17, 2010 7:27 AM ET