Tag: mobile technology news

Both Microsoft and American Express are fighting to acquire equity in the company.

A number of technology news reports that were recently published have suggested that insiders who are close to this issue claim that American Express Co. and Microsoft are both showing interest in purchasing an equity stake in Foursquare Labs Inc.

If these reports are true, then it suggests that the two giants would rather invest in the company than work jointly on it.

Foursquare is a tremendously popular form of mobile check-in platform. At the same time that this technology news was being released, it was also in negotiations with venture capitalists in possession of convertible debt with regards to transforming their current “holdings into equity”. The discussions that are underway are also indicating that the prospective investors have become more bold about the potential of Foursquare, following the results that it has been achieving through its latest approach to advertising that gives brands the ability to target users at the time that they have checked into a specific location.

This technology news is clearly highly appealing to Microsoft and American Express, that each have their own plans for it.

From the side of Microsoft, the acquisition of Foursquare would provide the giant with the opportunity to develop a larger role in both mobile commerce as well as in the social media scene. On the other hand, it is believed that American Express is primarily interested in the check-in platform so that it will be able to boost its competitive edge with its credit card rivals through the use of enhanced marketing an improved loyalty programs that are furthered by the influence of social media.

Steven Rosenblatt, the chief revenue officer for Foursquare, released a technology news statement, recently, which said that “I think we’ve proven our business model.” He also went on to add that “Our business model is very clear and it’s working, doing what we thought it would do, if not more. It’s all well ahead of what we anticipated.” If the rumors are true about Microsoft and American Express, then clearly Rosenblatt is right.

Apple and Samsung are not required to publically disclose their profit statements.

A Federal appeals panel has just released a ruling that is making technology news headlines and that has entitled tech giants Apple and Samsung to proceed without a requirement to reveal their profit information and many other confidential financial details.

The decision of this panel is a direct reversal of a previous ruling that had been made by a lower court.

The technology news from the previous ruling would have required both Apple and Samsung to publically disclosed highly protected sales and profit data. The First Amendment Coalition, an advocacy group that gave its arguments within the appeals court in favor of forcing the companies to disclose their financial data, has expressed its disappointment in the outcome by way of a statement from its executive director, Peter Scheer.

This specific technology news case involved a decision in which the panel felt protecting financial data did not impede transparency.

The Federal appeals panel felt that even by allowing Samsung and Apple to protect the confidential financial data of their companies, there would be no impediment to their level of necessary transparency. Within a technology news statement, the panel announced that “We recognize the importance of protecting the public’s interest in judicial proceedings and of facilitating its understanding of those proceedings.”

The technology news statement went on to say that “That interest, however, does not extend to mere curiosity about the parties’ confidential information where that information is not central to a decision on the merits.”

At the time of the writing of this article, no statements were available from either Samsung or Apple with regards to this technology news. It can only be assumed that this would be seen as a win on their behalf, as it means that they will be able to maintain the close guard that they enjoy on their sensitive financial data. These massive tech giant organizations are well known for making great efforts in order to try to protect the information regarding their sales and the profits that they make every quarter and each year.