Corporate and legal

Apple supplier Foxconn buys stake in camera maker GoPro

Foxconn is branching out from its supplier roots by taking a staking in a camera maker.

The company, also known as Hon Hai Precision, said today that it has paid $200 million to acquire an 8.88 percent stake in GoPro, in turn valuing the camera maker at $2.25 billion overall.

In addition, Foxconn founder and CEO Terry Gou will join GoPro's board of directors.

Headquartered in San Mateo, Calif., GoPro makes a line of wearable and gear-mounted cameras that enable users to shoot videos of themselves in action. The cameras are used by athletes, video production people, … Read more

Google Apps reseller Cloud Sherpas raises $40M

Cloud Sherpas, a startup that helps customers move to Google Apps and Salesforce.com, raised $40 million in second-round funding and acquired a rival, CloudTrigger.

The 350-employee company plans to use the money to fuel further acquisitions and to expand its existing business, a move that it expects will increase 2013 revenue to $100 million.

First-round investors Columbia Capital and Delta-V Capital invested in the second round as well, and new investors Greenspring Associates and Queensland Investment Corporation joined. Cloud Sherpas didn't disclose the company valuation. It's raised $80 million in total so far.

Acquisition is par for the course at Cloud Sherpas. … Read more

EU set to charge Samsung in antitrust case -- report

The European Union is expected to file an antitrust case against Samsung very soon.

According to Reuters, which spoke with the European Union competition chief Joaquin Almunia, his office will "issue a statement of objections very soon" against Samsung. Almunia didn't say what would be included in those objections, but the move follows a year-long investigation into Samsung's patent practices.

The European Commission -- the executive arm of the EU -- announced in November 2011 that it had launched a preliminary investigation into Samsung's patent policies. Just two months later, the Commission announced a formal investigation into whether Samsung had used wireless patents as an anticompetitive tool, … Read more

Google planning cheaper Nexus 7, report claims

Google is planning low-ball itself with an even cheaper Nexus 7, according to an Asia-based report.

Google and Asus wowed consumers with the $199 Nexus 7 and now they're aiming at price points below $150, ultimately going as low as $99, according to Taipei-based Digitimes, citing sources at display component maker O-Film Tech.

The lower-priced Nexus 7 should be released by the second quarter of next year, said the technology site, which covers device manufacturers and component suppliers in Asia.

O-Film started shipping components for the lower-priced Nexus 7 in December, the report said. The company's touch-screen glass-glass filmRead more

Twitter shuffles top execs, names new COO and CFO

Twitter CEO Dick Costolo confirmed via tweet today that the massive social network is now being headed by a new chief operating officer and chief financial officer.

Ali Rowghani moves into the COO position from his previous post of CFO at Twitter. Rowghani has been with the social network since 2010, when he joined the company after serving as CFO for the Disney-owned Pixar Animation Studios. According to AllThingsD, Rowghani is known for multi-tasking at the social network and contributing to Twitter's Promoted Suite of ad products.

Mike Gupta moved into Rowghani's former position after working as the … Read more

Twitter temporarily turns out the lights on Anonymous account

Twitter temporarily shuttered Anonymous' most popular account today, which caused a barrage of hate-tweets -- given that the hacker collective despises online censorship.

The account, @youranonnews, which now has more than 800,000 followers, went black around mid-day. The group claims the censorship had to do with a photo it posted regarding a campaign Anonymous has lodged against Westboro Baptist Church after church leaders announce plans to protest at the site of the Newtown, Conn., school massacre.

Once Anonymous' account was restored, the group posted an image of the letter it got from Twitter regarding the temporary suspension.

"Your … Read more

How to prevent and respond to a user revolt

The last thing you need as an entrepreneur is for your company to be engulfed in a public controversy. Just ask Instagram, Facebook, Twitter, Path, Airbnb, Geeklist, and the countless other companies, big and small, that have been the target of press backlash and user vitriol.

It doesn't matter how careful you are: the more successful you become, the more likely it is that you'll make a mistake that ignites the blogosphere. There are ways to minimize the fallout and, more importantly, ways to prevent a large-scale user revolt in the first place.

Let's take Instagram's recent Terms of Service controversyRead more

Children's privacy law catches on to apps, social networks

The Federal Trade Commission today moved to make a key children's online privacy law more up-to-date in a world of smartphones and social networks.

The agency has approved amendments to the regulations implementing the Children's Online Privacy Protection Act, or COPPA, that would require apps and Web sites that target children to obtain parental consent before collecting geo-location information, or photos, videos or audio files that include a child's image or voice. The law was also expanded to cover services that track kids' online activity -- namely, which sites they visit -- and then give the information … Read more

New York A.G. removes 2,100 sex offenders from online games

New York Attorney General Eric Schneiderman has been able to remove more than 2,100 registered sex offenders from popular online games, his office announced today.

The registered sex offenders have been kicked out of a host of games from developers Gaia Online, NCSoft, and THQ, among others, as part of the attorney general's Operation: Game Over, an initiative designed to remove registered sex offenders from video games that might have children playing them.

"The Internet is the crime scene of the 21st century, and we must ensure that online video game platforms do not become a digital … Read more

Former Windows boss lands teaching gig at Harvard

Steven Sinofsky, who recently left Microsoft after running the Windows division for six years, tweeted this morning that he will teach at Harvard Business School this spring.

"Excited to return to @HarvardHBS to teach again this spring!" Sinofsky wrote. "New perspectives, recharge, share experiences, write."

In response to a question on Twitter, Sinofsky said he intends to teach "product development" as well as write articles about the topic.

Sinofsky has some history at Harvard Business School. He served as a "visiting scholar" there in 1998. He also co-authored a book on organizational … Read more