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Doing the right thing long-term isn’t always easy for companies. Just ask Alibaba.com, China’s ecommerce giant. Last quarter, the company made some strategic changes to its business model, and focused in on improving the quality of its marketplace. The result: slower growth which, combined with higher expenses, contributed to a 25% drop in net profit....
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In these times of recession, online gaming is a boom industry, as witnessed by Zynga’s IPO today. The deal values Zynga, the maker of FarmVille and CityVille, at $ 9bn and is the largest US internet IPO since Google raised $ 1.9bn in 2004. And new data from gaming firm Pando Networks gives further evidence...
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While avoiding predictions of a full recovery, Dave Swanson, CEO, DexOne (formerly known as R.H. Donnelley),  said on this week’s first quarter 2010 earnings call that the company does expect the rate of decline in ad sales to improve sequentially throughout 2010 , ending in the range of a 12 percent to 15 percent decline...
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