Mobile Minutes: Facebook and privacy; Amazon surges; Pandora grows; LinkedIn for athletes
You think your Facebook profile is private? Think again. In a decision that raises crucial issues in the digital age, a New York state appeals court ruled this week that Facebook cannot protect users against search warrants obtained by law enforcement officials to access users’ digital information.
Read more on CNN
Amazon shares soar on surprise profit, market value above Walmart’s
Amazon.com Inc. shares surged more than 17 percent on Thursday as the online retailer posted an unexpected quarterly profit, pushing its market value above that of Walmart Stores Inc., the world’s largest retailer. Amazon also forecast third-quarter revenue above estimates, and reported strong sales in North America, and unprecedented growth in its popular Prime two-day unlimited shipping service.
Read more on Reuters
Pandora continues to grow, but giants loom on the horizon
The streaming-music business has been heating up of late, with the much-hyped entrance of Apple Music, the launch of a new streaming service from Google and continued moves by Spotify, but Pandora remains the grandaddy of the industry—at least for now. Despite all the competition, the company has managed to grow both its subscriber base and the money it makes from advertising, but its losses also continue to grow, and that is likely to keep the company’s share price under pressure.
Read more on Fortune
Can a LinkedIn for athletes ever replace sports agents?
Among the talent scouts in Las Vegas this week hunting for rising stars at the National Basketball Association’s summer league, Roe Stimler was trying to get people to sign up for his website. The Israeli entrepreneur runs a social network called SportJobz that hopes to one day do to sports agents what LinkedIn did for business recruitment.
Read more on Bloomberg