Technology Report: Facebook shares jump 28 percent, Wall Street sees more ad growth

	Click to View in Browser 07/25/2013 Facebook shares jump 28 percent, Wall Street sees more ad growth (Reuters) - Facebook Inc shares opened 28 percent higher on Thursday after the company reported a huge jump in mobile advertising revenue, and analysts pointed to further growth from new advertising on Instagram and 15-second videos. Zynga reports $231 million in revenue SAN FRANCISCO (Reuters) - Zynga Inc reported $231 million in quarterly revenue, a 31 percent drop from a year ago, as the struggling game publisher continued to lose fickle online gamers to its fierce rivals. MetroPCS doubles operating markets to compete with Leap NEW YORK (Reuters) - T-Mobile US Inc, the No. 4 U.S. mobile service provider, said on Thursday that its MetroPCS prepaid wireless business has doubled the number of markets where it operates, putting it head-to-head against smaller rival Leap Wireless in many of its new markets. BlackBerry lays off 250 employees in latest round of cuts TORONTO (Reuters) - BlackBerry Ltd has laid off about 250 of its employees at its headquarters in Waterloo, Ontario, as part of its latest move to trim costs, the smartphone maker said on Thursday. Penguin promises EU regulator to scrap Apple ebook deals BRUSSELS (Reuters) - EU regulators accepted on Thursday a pledge by British media group Pearson's Penguin unit to scrap its ebook deals with Apple which set price curbs on Amazon and other retailers, closing an antitrust case against the company. Russian web search firm Yandex's co-founder falls into coma MOSCOW (Reuters) - The co-founder and chief technology officer of Russia's market-leading internet search engine company Yandex has fallen into a coma after treatment for cancer, the Nasdaq-listed company said on Thursday. Xerox profit beats estimates on restructuring (Reuters) - Xerox Corp reported higher-than-expected second-quarter earnings on Thursday on growth in its services division and reiterated its full-year targets as its restructuring efforts showed signs of paying off. Sirius XM revenue up on subscriber gains, churn improves (Reuters) - Satellite radio provider Sirius XM Radio Inc posted higher-than-expected second-quarter revenue on Thursday as it added more than 700,000 subscribers to its service, which is widely available built into cars. Yandex co-founder and chief technology officer dies MOSCOW (Reuters) - Ilya Segalovich, the co-founder and chief technology officer of Russian internet group Yandex, has died after a long battle with cancer, aged 48, the company said on Thursday. AOL co-founder Case invests in e-commerce firm SAN FRANCISCO (Reuters) - Revolution Growth, an investment firm run by AOL Inc co-founder Steve Case, said on Thursday that it invested $40 million in e-commerce start-up Bigcommerce. Related Video Techquity: Facebook jumps but can it pass IPO price? Choir singing good for the heart Mediafile A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend