ADVFN - Advanced Financial Network.
HOME» NASDAQ » G » GOOG Stock Price » GOOG Stock News

Google Inc. Share News

 Google Inc. (mm) Stock Price
GOOG Stock Price
 Google Inc. (mm) Stock Chart
GOOG Stock Chart
 Google Inc. (mm) Stock News
GOOG Stock News
 Google Inc. (mm) Company Information
GOOG Company Information
 Google Inc. (mm) Stock Trades
GOOG Stock Trades

Forbidden Technologies Plans to Boost Smartphone App Revenue

By Rory Gallivan LONDON--Video editing platform developer Forbidden Technologies (FBT.LN) plans to increase revenue from its smartphone app Clesh by making it free to some users in the belief that they will upgrade to more expensive advanced versions, its chief executive said Wednesday. Forbidden Technologies currently sells Clesh, which people with smartphones use to edit videos to upload onto the website Youtube, for $4.99 on Google Inc.'s (GOOG) app store Play. Steven Streater told Dow Jones Newswires the company could generate much more by making different versions available at different prices. "The business model could be that 20 million people download the free app and then 1 million spend $5 upgrading and some upgrade to a $100 version," Mr. Streater said. He explained that about 7,500 people currently have Clesh accounts and that the relatively small number of users makes it easier for Forbidden to deal with customer feedback as it prepares the product for a wider market. "We're building up expertise on the tech side and on the consumer side," Mr. Streater said, adding that he himself has been involved in communicating with customers to find out how Clesh can be improved. He said that most of the issues customers have had with Clesh in its early stages have been fixed, but declined to say when the company will introduce different versions of the app. Forbidden Technologies's video editing platforms operate over the "Cloud", a means of accessing data and services over the Internet. The company said earlier Wednesday that it expects full-year revenue to significantly exceed analysts' forecasts of a 50% revenue rise in 2012, helped by demand for its professional video editing platform Forscene. Forscene currently accounts for a much greater share of the company's revenue than Clesh. -Shares at 1552 GMT, up 3 pence, or 15%, at 23 pence valuing the company at GBP18 million. Write to Rory Gallivan at [email protected]; Twitter: @RoryGallivan Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Google Inc. (GOOG)
DateTimeHeadline
02/28/201703:02:00Snap IPO Tests Unsocial Network -- WSJ
02/28/201703:02:00Uber Engineer Fired Over Alleged Conduct at Google -- WSJ
02/27/201718:19:00Snap IPO: A $22 Billion Test for the Unsocial Social Network...
02/27/201717:14:00Uber Fires Top Software Engineer Over His Alleged Conduct at...
02/27/201716:56:00Uber Fires Top Software Engineer Recently Hired From Google
02/27/201709:29:00Comcast to Let Customers Access YouTube Through Cable Boxes
02/24/201703:02:00Alphabet Sues Uber Over Trade Secrets -- WSJ
02/23/201721:41:00Alphabet's Waymo Sues Uber Over Self-Driving Car Secrets
02/23/201719:54:00Alphabet's Waymo Sues Uber Over Self-Driving Car Secrets
02/23/201719:29:00Alphabet's Waymo Sues Uber Over Self-Driving Car Secrets
02/23/201717:34:00Companies Seek to Sway Trump Administration on FTC Choice--Update
02/23/201713:05:00Google Team Cracks Longtime Pillar of Internet Security
02/23/201708:29:00Google Team Cracks Longtime Pillar of Internet Security
02/23/201707:29:00Companies Seek to Sway Trump Administration on FTC Choice
02/22/201716:31:00Google's Waze Plans to Expand Ride-Sharing Service -- 2nd Update
02/22/201716:18:00Google's Waze Plans to Expand Ride-Sharing Service -- Update
02/21/201707:29:00Google Agrees to YouTube Metrics Audit to Ease Advertisers' Concerns
02/17/201713:13:00Amazon Rivals Have Big Clouds to Fill
02/15/201722:12:00Google Fiber Gets New CEO, Sheds More Staff
02/14/201719:46:00PewDiePie Show Canceled by Google's YouTube -- 2nd Update

Google Inc. and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US