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Reuters: Internet News
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Facebook shares sink 11 percent as reality overtakes hype
(Reuters) - Facebook shares sank 11 percent in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday and driving others to switch back to more established stocks.
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Pakistan briefly bans Twitter access for "blasphemy"
ISLAMABAD (Reuters) - Pakistan banned access to Twitter on Sunday because of "blasphemous" material, a Pakistani official said, but normal service was resumed after 12 hours.
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Pakistan blocks Twitter access over "blasphemous content"
ISLAMABAD (Reuters) - Pakistan on Sunday blocked access to Twitter in response to "blasphemous" material posted by users on the microblogging and social networking website, a senior government official said.
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Yahoo to sell an Alibaba stake for $7.1 billion, shares rise
SHANGHAI/NEW YORK (Reuters) - Chinese Internet entrepreneur Jack Ma's Alibaba Group is buying back up to half of Yahoo Inc's 40 percent stake for $7.1 billion in a deal that moves the Chinese e-commerce leader closer to a public listing.
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Mediaset fears internet challenge amid ad slump
MILAN (Reuters) - An executive at Mediaset said on Friday internet giants could challenge Italy's biggest commercial broadcaster's business model in coming years, while the advertising outlook remains grim.
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