Google's TV Setback: Morning Tech Bytes
NEW YORK (
) --
(GOOG) - Get Report
rose 0.54% to $593.99 in pre-market trading Monday, despite a
New York Times
report that said the company was delaying the launch of its Google TV product. Google won't be rolling out the device at the upcoming Consumer Electronics Show in Las Vegas, because it needs more time to work on the software, according to the report.
Amazon
(AMZN) - Get Report
was up 0.92% to $179.21 in pre-market trading. The company added Jonathan Rubinstein, the head of
Hewlett-Packard's
(HPQ) - Get Report
Palm unit to its board of directors. Prior to joining Palm as CEO in 2009, Rubinstein worked at
Apple
(AAPL) - Get Report
.
eBay
(EBAY) - Get Report
increased 0.27% to $29.90 as it announced that it was buying
German shopping club brands4friends for $200 million
. The acquisition is designed to strengthen eBay's position in Europe, the company said.
will acquire 15 companies in 2011, a corporate development exec said last week. The social networking giant announced eight acquisitions this year, including
Hot Potato
,
Drop.io
and
Chai Labs
.
Tumblr
announced last week it had raised $30 million in venture funding, despite concerns about the blogging site's reliability. Earlier this month, Tumblr shut down for a full day after a maintenance error. Tumblr has raised about $40 million in total funding.
--Written by Olivia Oran in New York.
>To follow the writer on Twitter, go to
.
>To submit a news tip, send an email to:
.