Patricio Robles

I am a tech reporter and have been writing about technology, digital marketing and startups at Econsultancy since January 2009.

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American Express teams up with Zynga for prepaid cards

In the market for farming supplies?

If you're looking for a new tractor or some seeds, American Express is hoping that you'll use one of its new prepaid cards to complete the purchase. On Farmville, of course.

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Posted 22 May 2012 17:26pm by Patricio Robles with 0 comments

Are You a Human brings gaming to CAPTCHAs

CAPTCHAs or conversions? While just about every business hopes to boost its conversions, the ill effects of spam bots and screen scrapers have driven countless companies to implement CAPTCHAs on their websites.

In some cases, CAPTCHAs are poorly implemented, leaving users (and potential customers) scratching their heads as they try to decipher text so distorted as to be incomprehensible.

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Posted 22 May 2012 15:38pm by Patricio Robles with 0 comments

Google passed on opportunity to buy Twitter: report

Google+ may or may not be a viable contender in the social networking space, but Google sure is committed to it.

How committed? According to venture capitalist Fred Wilson of Union Square Ventures, which owns a stake in Twitter, Google's passed up the opportunity to buy the popular microblogging social network several years ago.

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Posted 22 May 2012 09:21am by Patricio Robles with 0 comments

Facebook's real ad problem: addressable market size

Facebook's Friday IPO may have been cause for celebration on the company's Menlo Park campus, but it was hardly the coming out party major players on Wall Street had hoped it would be.

Beset by technical glitches at the NASDAQ and perhaps more skepticism from the market than anticipated, Facebook's shares failed to 'pop' as many expected.

The company's underwriters were forced to step in to keep Facebook's shares from falling below the $38 offering price.

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Posted 21 May 2012 17:11pm by Patricio Robles with 12 comments

Microsoft launches a new social network, but why?

When it comes to large tech companies and how they've fared with social networking, one could argue that Microsoft is the most successful.

Google has struggled to build viable homegrown social networks, Yahoo has largely done little of note, AOL purchased Bebo for $850m only to drive it into the ground, etc.

Microsoft's claim to success in the social space? A $240m investment in Facebook in 2007 which valued the social network at $15bn.

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Posted 21 May 2012 17:00pm by Patricio Robles with 4 comments

Facebook goes public, FB shares open at $42.05

The wait is finally over. After years of anticipation and weeks of headlines, the world's largest social network is a publicly-traded company.

FB shares, which priced at $38 yesterday, became available to the general public in the past hour on the NASDAQ.

After a delay, the stock hit the market at a opening price of $42.05. It is currently trading at around $40.

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Posted 18 May 2012 17:22pm by Patricio Robles with 1 comment

J.C. Penney shows the danger of the discount

Before Ron Johnson joined department store giant J.C. Penney as CEO in 2011, he was the SVP of Retail Operations at Apple Inc., where he was responsible for developing the Apple Store and its Genius Bar.

Apple's retail strategy was a major contributor to Appl'e's mind-bending success over the past decade, and for his seven-plus years of work, Johnson was handsomly rewarded.

Needless to say, given Johnson's accomplishments at Apple, J.C. Penney shareholders had high hopes for what he might do for the century-old retailer.

Earlier this year, Johnson unveiled his bold vision: radically alter J.C. Penney's pricing strategy.

Instead of using coupons and discounts, something the department store had done extensively for years, J.C. Penney would offer "Every Day", "Monthly Value" and "Best Price" prices on its merchandise. And instead of selling items for $x.99, it would use round numbers.

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Posted 17 May 2012 17:11pm by Patricio Robles with 0 comments

Pinterest joins the billion dollar club with $100m funding from Rakuten

A million dollars isn't cool. You know what's cool? A billion dollars.

The words made famous by the movie that dramatized Facebook's beginnings may soon be passé in Silicon Valley, as investors clamouring to get in on funding rounds for the hottest tech startups seem increasingly willing to put their cash in at billion-dollar valuations.

Crazy? Perhaps, but Facebook's $1bn Instagram acquisition shows that big valuations don't exclude companies from the startup lottery, at least for the time being.

The latest entrant to the billion dollar club will be Pinterest, thanks to a $100m funding round led by Rakuten. The funding round puts a $1.5bn valuation on Pinterest. 

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Posted 17 May 2012 10:37am by Patricio Robles with 0 comments

Yahoo's ten biggest mistakes

The resignation/termination of now-formerly new Yahoo CEO Scott Thompson amid a resume scandal was an embarrassing moment for the once-great internet giant.

For most companies, such a collosal blunder would represent a faux pas of the highest order, but that's not the case for Yahoo, it's just one more in a long line of mistakes. 

Here are the ten biggest mistakes the company has made...

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Posted 17 May 2012 13:48pm by Patricio Robles with 5 comments

GM ditching paid Facebook ads: report

Facebook apparently hasn't experienced any problems convincing investors to put their money into its IPO, but while the social network focuses its attention on Wall Street, it might do well to pay more attention to a nearby street: Madison Avenue.

That's because, according to a Wall Street Journal report, GM, the world's largest car maker, apparently isn't hot on Facebook's paid ads.

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Posted 16 May 2012 09:11am by Patricio Robles with 2 comments