Also: Why Instagram CEO Kevin Systrom's testimony doesn't add up; former Yahoo CEO Scott Thompson on his startup.
Why Xbox failed in Japan [EUROGAMER]
Doing business in Japan is not the same as doing business in the US, and the Xbox team learnt the hard way. In the US businessmen meet, discuss a contract, terms, sign and then get to work. In Japan business is done based on the strength of a relationship, cultivated in the many restaurants and karaoke bars that litter Tokyo and other business centres. The Japanese want to get a sense of who they're dealing with before they sign on the bottom line.
Disruptions: Instagram testimony doesn't add up [THE NEW YORK TIMES]
Yet the accounts of several people close to Twitter and Facebook, and documents reviewed by The New York Times, contradict the statements he made under oath. Mr. Systrom and Mike Krieger, the other founder of Instagram, held several meetings as late as March with top Twitter executives, according to people on both sides of the talks, who requested anonymity because the talks were private and because they were concerned about legal repercussions. These people said the sides had verbally agreed weeks earlier on a price for Instagram of $525 million in cash and Twitter shares.
Apple stock takes investors on a wild ride [THE LOS ANGELES TIMES]
That performance affects just about anyone who has a 401(k) account or a pension. According to FactSet, a research firm that tracks investment funds, 2,555 institutional investors — mutual funds, hedge funds and pension funds, among others — owned stock in Apple, just behind the 2,590 that held Microsoft stock, as of Sept. 30, the most recent date funds had to disclose their holdings. However, the value of that Apple stock held by institutional investors on that day was $427 billion, compared with $172 billion for Microsoft, according to FactSet.
Former Yahoo CEO Scott Thompson is on the trail to redemption at new startup [SAN JOSE MERCURY NEWS]
In his first interview with this newspaper since being booted from Yahoo, Scott Thompson said he's not trying to prove anything -- he's just "fascinated" by the challenge of whether he can grow a 60-person company into something big.
Two-year-old ShopRunner offers what Thompson called "Amazon Prime for everybody else." Users, who pay a $79 yearly membership fee, get perks like two-click shopping and free two-day delivery from dozens of online retailers, ranging from Toys R Us and Anne Klein to smaller merchants.
After several rounds of adjustments to Facebook's News Feed, which havedramatically decreased the amount of traffic sent to most publishers' apps, as well as user complaints about privacy settings, news organizations are no longer so enthused about the apps they developed for Facebook's platform. On Thursday, The Guardian announced it would no longer display articles in its Facebook app; instead, it would redirect readers to its website after clicking on a headline in the app.
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* Pulse, the mobile news reader co-founded by grad students Aksay Kothari and Ankit Gupta, is coming to the desktop. Earlier this morning, the startup launched an HTML5-based version of their reader geared for larger screens. "People who have been using Pulse on their mobile devices have been like, why I can't use it on my computer?" Kothari told Fortune. Pulse now reports over 15 million users, with 250 million-plus stories read through MOREJP Mangalindan, Writer - Aug 9, 2012 1:49 PM ET
Why companies are offering employees unlimited vacation; Scott Thompson opens up on life post-Yahoo.
The story of Steve Jobs: An inspiration or a cautionary tale? [WIRED]
Join or get out of the way—it's a phrase that sums up what Jobs' life has taught his admirers today. Andrew Hargadon, a professor at UC Davis and author of How Breakthroughs Happen: The Surprising Truth About How Companies Innovate, points out that Jobs' brashness has helped inspire MOREJP Mangalindan, Writer - Jul 24, 2012 4:00 AM ET
Amazon may be prepping fix or six new tablet models; one week into Marissa Mayer's new Yahoo stint.
Question for a C.E.O.: What is Yahoo? [THE NEW YORK TIMES]
I'm going to take a whack at it and say that Yahoo is a media company, mostly by accident (more on that in a bit). Yes, its headquarters in Silicon Valley are filled with technologists and have the familiar trappings of a digital MOREJP Mangalindan, Writer - Jul 23, 2012 12:40 PM ET
What if the chaos that is shaking the company could make it stronger?
By Kevin Kelleher, contributor
FORTUNE – The train wreck is over. The damage has been done. Yahoo's perennially troubled board failed to vet the resume of a once-promising CEO. All the company can do now is pick up the pieces and move on. But what exactly does that mean? How does Yahoo move on from here?
Certainly, there is MOREMay 15, 2012 11:40 AM ET
It seems like years since Yahoo has done anything to capture the web industry's interest. But now Scott Thompson is showing himself to be a CEO with a talent for tipping over apple carts.
By Kevin Kelleher, contributor
FORTUNE – Yahoo's core values include "fun," "community" and "excellence" (which the company defines as "winning with integrity"). It's too bad they don't include "provocation," "confrontation" and "alienation" - because then CEO Scott Thompson would MOREMar 19, 2012 5:00 AM ET
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* According to All Things D, thousands of Yahoo (YHOO) employees will likely get laid off as CEO Scott Thompson gets ready to restructure the struggling Internet company. Divisions that may get hit include public relations and marketing, research, and local efforts. (All Things D)
* IBM's (IBM) stock hit an all-time high MOREJP Mangalindan, Writer - Mar 6, 2012 3:30 AM ET
The turnaround the company has been working on for four years is finally bearing fruit -- but investors don't seem convinced yet. Its earnings report this week is a chance to change that.
By Kevin Kelleher, contributor
FORTUNE -- It wasn't the way any CEO wanted to start of a new year. eBay chief John Donahoe learned that Scott Thompson, the head of the company's fast-growing PayPal unit, was leaving to become MOREJan 17, 2012 10:55 AM ET
The perpetually struggling Internet giant has a new CEO. Here's what he must do first.
FORTUNE -- When Scott Thompson starts as CEO of Yahoo on Monday, he'll have his work cut out for him.
Once an Internet pioneer, Yahoo's (YHOO) luster has worn off after an epic string of fits and starts, including a parade of unsuccessful CEO -- some of whom have not left quietly -- and a decline MOREJP Mangalindan, Writer - Jan 6, 2012 11:40 AM ET
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