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Despite economic worries in Europe, Google was still expected to post strong earnings on Thursday. But the Mountain View, Calif.-based enterprise didn't hold up to estimates and the stock immediately plummeted more than $50 after hours.
Google reported a fourth quarter net income of $2.71 billion, or $8.22 a share (statement). Non-GAAP earnings were $9.50 a share on a revenue of $10.58 billion (including traffic acquisition costs) — an 25 percent increase compared to the fourth quarter of 2010.

Last November, Adobe announced its decision to halt Flash development for mobile browsers, chipsets and operating systems.

Instead, the company plans to develop on the open HTML5 platform. While the announcement may seem startling given the legacy of Adobe's business, the launch of Adobe Edge back in August marked the clear beginning of the company's pivot toward HTML5.

Over the past decade, many have pondered Apple's closed-door, top-down culture, and now with the passing of its CEO, Steve Jobs, some speculate whether that culture will continue.

In the context of the meteoric growth of social platforms like Facebook and Twitter, one can't help but wonder — is it time for Apple to get social?

Samantha Garvey, the homeless high school senior gaining recognition for becoming a semifinalist in the Intel Science Talent Search, will soon have a home thanks to officials in Long Island.
Suffolk county official Steve Bellone said in a press conference this morning that Garvey and her family can move into a rent-subsidized home in about 10 days. The teen and her family have been living in a homeless shelter since Jan. 1.