Friday Four: Bad (News) Week, Google’s Gaffe and Romney’s Binders Full of WomenOctober 19, 2012 11:43 am ·
After Tuesday’s Presidential debate, it’s clear that no one likes a verbal gaffe more than the tech world. Seconds after Republican presidential candidate Mitt Romney made reference to the “binders full of women” he created while striving for gender diversity among his Massachusetts gubernatorial staff, a Binders Full of Women Tumblr account sprung to life and the Binders Full of Women Facebook page had over 10,000 likes. (It now has close to 350,000 likes.) On Twitter, the #Bindersfullofwomen hashtag exploded, with some of the funniest lines of the night being: “Trap her, keep her. #bindersfullofwomen” and “Immediately after the debate, Mitt Romney ripped Candy Crowley’s page out of his #binderfullofwomen.”
Google’s Big Oopsie
But Mitt Romney isn’t the only one recovering from a mishap this week. Google CEO Larry Page and his company are trying to put a positive spin on poor financial results that were released a bit too early on Thursday. Google’s Q3 revenue came in around $11.33 billion, which was below the $11.86 billion that financial analysts expected; and net income was around $6.53 per share down from $8.33 per share at this time last year.
Google share holders started off-loading their stocks at rapid fire pace after the report—which Google says was a draft copy–was leaked, forcing the company to halt trading of company shares until the finalized financial report was ready to be released. During a conference call with financial analysts yesterday, Page encouraged investors to look to the future and the revenue opportunity that mobile advertising will provide the company with in the coming year. According to Page, mobile related revenue from ad sales and the purchase of content on Google Play is estimated to be near $8 billion. If money talks, $8 billion in mobile-based revenue alone should be shouting “Buy my stock” at investors right now.
Newsweek goes mobile
Speaking of mobile-based content and ad sales, Barry Diller and the folks at Newsweek will publish their final print edition at the end of this year and transition to digital-only format. This fulfills the cryptic prophesy Diller made during an IAC earning’s call in July and ends a 79 year press run for Newsweek. Diller seems to feel confident that Newsweek can survive as a tablet publication, and if the success of Diller’s free site The Daily Beast is any indication, it’s possible that Newsweek will live on, albeit in a smaller (read: less profitable) form.
Since we’re talking about products dying off–or at least changing form, Microsoft has officially killed off its Zune.net website and redirected it to the Xbox Music landing page. The change is not altogether unexpected as Microsoft officially announced Xbox Music this Monday and launched it on the Xbox network on Tuesday. Whether or not Xbox Music takes off remains to be seen, but here’s hoping Microsoft can defy its critics with Windows 8 and the Microsoft Surface tablet and once again become a major player in technology. If nothing else, perhaps they’ll get back in Eric Schmidt’s good graces.