According to a new report, amazing might be planning to open its first ever store in the Seattle area, where the company is headquartered.

The report by Good Ereader cited sources closer to the matter and said that Amazon will open up a single store in the Seattle area. The company is planning to launch its store soon in order to tap in the holiday season, according to the report.

India’s leading online retailer, Flipkart has said that it has acquired a smaller firm in the sector, Letsbuy in a cash and stock deal.

The company did not announce the amount for the acquisition. According to estimates, the deal might be worth close to $20 million. Letsbuy offers consumer electronic goods to customers in India. The company was facing problems in raising money and had to enter into a deal with a company to raise money.

Mark Zuckerberg, the Chief Executive Officer and co-founder of the world's largest social networking site, Facebook has announced that the company is preparing for an Initial Public Offering (IPO).

The company is aiming to raise about $5 billion through the issue, which makes it the biggest IPO by an internet firm ever in silicon valley, even as the figure is about half of what was expected by many analysts in the market. The event will gather much interest in the Silicon Valley this year as Facebook joins many young firms in going public.

Internet giant, Google has updated its Google Earth programme loosing the traces of what was rumored to be the lost city of Atlantis.

The update has ridden the programme of a gridlike pattern that was believed to sunken streets from the mythological underwater city of Atlantis. Google Ocean, which is an extension of Google Earth, merely displays data artifact from the sonar method that was used to map the seafloor.

New Delhi, Feb 7 - The website of a petitioner and Islamic scholar who dragged Facebook, Google, Yahoo and others to court over allegedly objectionable content has been defaced and left with a message "Probably best not to piss the social networking sites off!"

Petitioner Mufti Aijaz Arshad Qasmi told IANS that his website www. fatwaonline. in has been defaced for the past one week. He now plans to file a police complaint.

A court in New Zealand decided not to accept a bail appeal by the founder of online file-sharing site Megaupload. com. The court agreed with the prosecutors that he might try to flee before an extradition hearing. Kim Dotcom, who founded the popular site offering direct downloads, is reportedly also known as Kim Schmitz and Kim Tim Jim Vestor.

Internet giant, Google has been ordered by French Court to compensate by paying thousands of dollars to France-based mapping company for allegedly altering competition in the market by offering its own service for free to the users.

The French firm, Bottin Cartographes offers map services to businesses in the country for a fee. The company had filed an unfair competition complaint against Google France as its parent company Google Inc. It argued that Google is involved in anticompetitive practices by providing free mapping services in the country.

World's largest social networking site, Facebook has attracted a massive 40 million users in the South-East-Asian country of Indonesia. The country has the third largest community of Facebook users in the and interesting, to many users, Faebook is all they use on the Internet. The cheap mobile phones with internet access has made it possible for the users to use the social network with the push of a button without even realizing that they are actually using internet.

Internet giant, Google has said that it might go on the same route as Twitter and might start country-specific censorship of the content on its services.

This has attracted a lot of criticism of the company from around the world as Google is generally seen as a company supporting free speech and free slow of information. Critics say that the move shows that internet firms are bowing to the demands of authoritarian regimes from around the world.

Mark Zuckerberg, the Chief Executive Officer and co-founder of the world’s largest social networking site, Facebook has announced that the company is preparing for an Initial Public Offering (IPO).

US retail giant, Amazon. com is entering the Indian market with the launch of its Junglee. com for customers in the country where the online market is growing at a rapid pace.

Junglee will allow customers to find products that are offered by online as well as offline retailers in the country as well as from Amazon. com. The Junglee. com service is currently in its bet stage.

Internet giant, Google is attempting to explain the changes made to its privacy policy in order to put to rest some concerns over the privacy of the users who use the company's services from around the world.

According to a report by comScore Inc, Facebook has accounted for about 28 percent of online display-advertisements in 2011.

The social networking giant had recorded 21 percent of impressions in the previous year, according to comScore. Facebook remained ahead of Yahoo, which remained No. 2 with 11 percent while Microsoft was third at 4.5 percent.

Internet giant, Google is trying to explain the changes that were recently announced by the company in order to address some of the privacy concerns raised by various sections.

Google Policy Manager Betsy Masiello wrote in a company blog that the users would continue to have control over what information is accessed by the company and that the company is not going to collect any information that it did not collect in the past. The users will still decide upon how much of Google services they want to use.

London, Jan 28 Social-networking giant Facebook is planning to file papers for its Initial Public Offering as early as next week, that could value the website at 75 billion to 100 billion dollars.Under US law, Facebook will have to start disclosing its financial results from April because it has over 500 investors.

The IPO, which is expected to raise about 10 billion dollars, is set to make its founder Mark Zuckerberg a billionaire several times over.

The group is thought to be keen to list on the New York Stock Exchange, rather than the more tech heavy Nasdaq, The Telegraph reports.

Social networking giant, Facebook is encouraging users to share more information on the social networking platform through dozens of new types of posts, including "bought," "read" and "want."

The company added sixty applications that will allow users to publish information automatically to Facebook. Facebook launched the new apps at a news conference at a fashionable night club. Several of these new apps are newer versions of existing online services or mobile apps.

Internet giant, Google is planning to launch a new tablet to take on the likes of Apple iPad and Amazon Kindle. Google chairman, Eric Schmidt announced that the company will launch a Google branded tablet based on its Android platform in the next six months. He said that the tablet would be "of the highest quality". Industry analysts believe that the new tablet could become a serious competitor to the Apple iPad.

The "Ramnit" computer malware is now targeting thousands of Facebook users and has already stolen thousands of users' login credentials. Security analysts say that the new variant of financial malware is spreading on the social networking website and is stealing account details for the social networking service. The malware was originally designed to track harvest information such as browser cookies and banking login credentials.

Washington, Jan 5 : Yahoo has named Scott Thompson, former president of online payment service PayPal, as its new chief executive officer.Wednesday's announcement ended the internet company's four-month search for the right person to fill the position, Xinhua reported.Thompson's appointment will be effective Jan 9, when he will also formally join the company's board of directors, Yahoo said in a press release.

According to a report by analytics firm Flurry, a whooping 1.2 billion apps were downloaded in the last week of December, creating a new record for plus billion downloads in a single week.

The increase comes as many people received new gadgets as Christmas gifts and the companies were offering attractive discounts on smartphones, tablets and other devices.

According to Flurry estimates, as many as seven million new Android devices and iPhones were activated on Christmas Day alone.