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Google today announced a new feature for Android applications offered through the Google Play store. Available immediately for Android developers, in-app subscriptions will allow users to pay for monthly or annual subscriptions directly inside of apps. And as detailed by Google, the feature is set to auto-renew by default with transactions managed by the Google Play store.

In addition to adding a new level of convenience, the move opens the door to added revenue streams and even new types of content through Google Play. Looking forward, today's announcement could entice magazines and news journals to offer subscriptions to consumers … Read more

Facebook itself may be responsible for investors' tepid response to the social network's stock, which has been tanking since it went public Friday.

Initially, it looks like Morgan Stanley, the lead underwriter on the massive offering, was to blame for allegedly telling major clients it had reduced its revenue forecast for the company, scaring off many big investors in the days leading up to the IPO. But no one knew why Morgan Stanley -- as well as JPMorgan Chase and Goldman Sachs, which also served as major underwriters for the deal -- would revise their estimates so close to … Read more

While Facebook's underwriters have been credited with keeping the stock afloat during its first day of trading, a new report suggests that the action of one the company's bankers may have helped sink the social network's much-anticipated offering well before its first trade.

In the days before Facebook's IPO, the lead underwriter for the deal told major clients it was reducing its revenue forecast for the company, according to a Reuters report.

Morgan Stanley's revised forecast so close to the monster IPO came as a huge shock to some, likely contributing to the lackluster performance … Read more

Apple's is movin' on up the Fortune 500 list, passing computer heavyweight IBM.

Apple landed at No. 17, up from No. 35, in terms of 2011 revenue, which was a cool $108.2 billion.

To put Apple's meteoric rise into perspective, blue-chip tech stalwart IBM dropped one spot to No. 19, with 2011 revenues of $106.9 billion.

And Hewlett-Packard is also feeling the heat from Apple. Though Apple's Silicon Valley neighbor moved up one spot to No. 10, with revenue of $127.2 billion, HP is not the profit juggernaut that Apple is.

Apple was No.… Read more

Privacy concerns have been at the top of many tech industry reports lately. Between Apple's Flashback Trojan issues, Google's faux pas with Safari privacy settings, and a myriad of other privacy-related stories, consumers, lawmakers, and the media have been pressing for greater privacy restrictions.

Partly in response to a Congressional inquiry, Apple has begun restricting access to consumers' UDID numbers, a unique identifier that individually accounts for all iOS devices Apple sells.

Ad servers, like MoPub, have been using UDIDs to serve particular ads to targeting demographics for years. Now that Apple has begun rejecting apps that continue … Read more

Though it's certainly too soon to call iAd a failure, Apple has not been happy with the adoption rate of its advertising platform it has seen thus far. In February, Apple reduced the minimum buy-in for campaigns to $100,000 (down from $1 million at the iAd launch in 2010). It was also rumored at that time that the iAd revenue share percent would jump to 70 percent for developers.

Now, according to a report by AppleInsider, that jump in developer revenue has become a reality.

According to an announcement on Apple's developer center:

Just how much are people spending on digital editions of newspapers and magazines on Apple's digital Newsstand app?

In a study of Apple's App Store for iPad during the month of February, market research firm Distimo says the top 100 publications brought in more than $70,000 a day. That metric -- which is just revenues from the United States -- is led by News Corp.'s The Daily, followed by The New York Times and The New Yorker magazine, the firm said.

Apple launched Newsstand as part of iOS 5 in October, providing a way for users … Read more

The Washington State Senate last month passed a bill that would charge electric car owners $100 per year to compensate for not paying gas taxes.

In response, GM Director of Government Affairs Hal Lenox sent a letter to Washington Gov. Chris Gregorie asking the surtax be removed, calling the bill "unfair."

If signed into law, the tax would only apply to owners of the all-electric vehicles. The bill excludes vehicles like the Chevrolet Volt, which can run part of the time on gas. Still, GM spoke out against it.

GM officials say that because of the high cost … Read more

One of the top female executives in Silicon Valley is stepping down.

Jessica Steel, Pandora's executive vice president of Business and Corporate Development, is wrapping up her nearly eight-year tenure at the company, according to tech news site The Next Web.

Steel's role at the Internet radio giant was to lead the company's business development and work on strategic partnerships with device manufacturers, car companies, and more.

"The car is one of the most popular venues for radio listening and incorporating Pandora into the native environment of automobile dashboards makes listening to personalized Internet radio as … Read more