LEADING THE DAY: Google CEO Larry Page has shaken things up and reorganized the company structure, the Los Angeles Times reported Thursday night. Page has put key executives in charge of mobile, social, Chrome, YouTube and video, search and ads. These executives report directly to the new CEO. Page is also heavily concentrating on Google’s social efforts. An employee memo published by Business Insider shows that the bonuses of all Google employees are tied to the success of Google’s social strategy.
Google might be close to a victory in Washington as well. Yesterday, The Washington Post reported that the Justice Department and Google might reach an agreement to allow the company’s acquisition of travel software firm ITA within a week or so, though negotiations could still take more time.
House reschedules net neutrality vote: The House vote on the resolution to repeal the Federal Communications Commission’s rules on net neutrality has been rescheduled for Friday.
The House was not originally expected to meet Friday, but in a statement, House Majority Leader Eric Cantor (R-Va.) said that the House will meet and votes are likely anytime after noon.
SEC may ease investor constraints: The Securities and Exchange Commission might consider raising the maximum amount of investors a company may have before it must open its books, the Wall Street Journal reported. Currently, a company may have up to 499 investors before it is required to report its finances publicly. According to a letter obtained by the Journal from SEC Chairman Mary Schapiro to Rep. Darrell Issa (R-Calif.), the chairman has ordered a review of the current rules. It is not clear how much the 499 cap would be raised if the rules change.
Expedia, TripAdvisor split off: Expedia is planning to take its TripAdvisor review site public, splitting the travel Web site into two companies. According to a release from Expedia, the company’s board has given its preliminary approval to separate TripAdvisor from the parent company. TripAdvisor will include its flagship brand as well as 18 other travel media and advertising brands. The proposed spin-off is expected to be completely in the third quarter of 2011.
Facebook open sources its data centers: On Thursday, Facebook announced the Open Compute Project, which shares the plans for the social network’s own data center and server designs. The company looked to make low-cost, efficient computing equipment for its own facilities in Prineville, Ore., and has decided to share the hardware with the rest of the industry. Facebook CEO Mark Zuckerberg said that the company wants to encourage other start-ups and make it more cost-effective to operate social networks.