Google, Microsoft: Morning Tech Bytes
NEW YORK (TheStreet) -- Shares of Google (GOOG) - Get Report rose 0.62% in pre-market trading Thursday, despite claims made by U.K. officials that Google breached data laws.
Google violated British law with its Street Mapping service, which inadvertently recorded personal data from private wireless networks, officials found. The company will avoid any fine, however, as long as it pledges to improve its internal controls.
Microsoft
(MSFT) - Get Report
announced a deal with
LG
Wednesday to offer 10 free apps for
handset buyers. The apps, valued at more than $30, will be given away every 60 days.
Shares of Microsoft increased 1.18% to $27.35 in pre-market trading.
introduced Wednesday a new service that will allow retailers to offer coupons and special deals through its mobile Places application. Users who "check in" to certain stores and restaurants with the application can show their phone to an employee to redeem the deal.
The Gap
(GPS) - Get Report
is one of Facebook's first partnerships, offering free jeans to the first 10,000 users who check into a Gap store using Facebook Places.
Skyfire, a new app that would allow iPhone users to use flash on their browsers, was pulled from
Apple's
(AAPL) - Get Report
App Store Wednesday due to high demand, according to the company. Flash was previously unviewable for iPhone users, due to a feud between Apple and
Adobe
(ADBE) - Get Report
, which created the media technology.
Shares of Apple were up 0.89% to $315.58 in pre-market trading.
SurveyMonkey
, a popular online survey company, announced Wednesday a $100 million round of debt financing led by
Bank of America
(BAC) - Get Report
and SunTrust Robinson Humphrey. The round will be used to retire some of the company's current debt with new debt at a lower interest rate, and for future acquisitions. Last year, private equity firms Spectrum Equity and Bain Capital purchased a majority interest in the company, which is rumored to generate annual revenue upward of $50 million.
--Written by Olivia Oran in New York.
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