Technology

Twitter numbers paint grim profitability picture

Twitter numbers paint grim profitability picture

Published 10/02/2017

A 3D printed Twitter logo is seen in front of displayed stock graph in this illustration picture made in Zenica, Bosnia and Herzegovina, February 3, 2016. REUTERS/Dado Ruvic

Twitter Inc's (TWTR.N) desultory earnings report on Thursday show a company with no evident path to profitability, as core costs climb more quickly than revenue while user growth stagnates.

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Macquarie, ING join Apple Pay in Australia in challenge to Big Four

Macquarie, ING join Apple Pay in Australia in challenge to Big Four

Published 10/02/2017

FILE PHOTO - A woman looks at her iPhone as she walks past a sign announcing a new branch of the Australia and New Zealand Banking Group Ltd (ANZ) in central Sydney, Australia, April 27, 2016. REUTERS/David Gray/File Photo

Macquarie Group and ING Direct on Friday said they would start using Apple Inc's mobile payment service in Australia this month, hoping to snatch market share from the major retail banks through digital technology.

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Home-grown streaming app helps Pakistan`s musicians find voice

Home-grown streaming app helps Pakistan`s musicians find voice

Published 10/02/2017

Malala Gul, a local singer, performs to record a song at a studio in Peshawar, Pakistan, January, 28, 2017. Picture taken January 28, 2017. REUTERS/Fayaz Aziz

For years, violence kept most of Pakistan's aspiring young musicians from following their dreams, whether the threat of Taliban militant attacks or gang wars in the crowded southern port city of Karachi.

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Remote control: Companies blur lines over who owns devices

Remote control: Companies blur lines over who owns devices

Published 09/02/2017

FILE PHOTO: A customer uses his Samsung Electronics' Galaxy Note 7 as he waits for an exchange at company's headquarters in Seoul, South Korea, October 13, 2016. REUTERS/Kim Hong-Ji/File Photo

When Samsung Electronics remotely disabled the last of its flawed Galaxy Note 7 smartphones last month, it further blurred the lines between who ultimately controls your phone, or computer, car or appliance: you, or the companies that make it work?

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Graphics-chip maker Nvidia`s revenue beats expectations

Graphics-chip maker Nvidia`s revenue beats expectations

Published 09/02/2017

The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. REUTERS/Robert Galbraith/File Photo

Nvidia Corp's quarterly revenue surged more than 50 percent for the second straight quarter and beat expectations, helped by rising demand for its graphics chips and strength in rapidly growing areas such as self-driving systems and artificial intelligence.

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Twitter advertising revenue falls, shares drop more than 10 percent

Twitter advertising revenue falls, shares drop more than 10 percent

Published 09/02/2017

People holding mobile phones are silhouetted against a backdrop projected with the Twitter logo in this illustration picture taken in Warsaw September 27, 2013. REUTERS/Kacper Pempel/Illustration/File Photo

Twitter Inc (TWTR.N) posted the slowest revenue growth since it went public four years ago, sending shares down more than 10 percent on Thursday on fears that rivals Snapchat and Facebook Inc(FB.O) were winning the war for advertising.

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Nasdaq plans venture arm to invest in financial technology: sources

Nasdaq plans venture arm to invest in financial technology: sources

Published 09/02/2017

FILE PHOTO - People walk outside the Nasdaq Market site in New York's Times Square, July 23, 2012. REUTERS/Brendan McDermid

Exchange operator Nasdaq Inc (NDAQ.O) plans to set up a venture capital arm to invest in financial technology companies that can help grow its own businesses, two people familiar with the plans told Reuters.

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Activision sales top Street- Co hikes dividend, sets $1 billion buyback

Activision sales top Street- Co hikes dividend, sets $1 billion buyback

Published 09/02/2017

Videogame publisher Activision Blizzard Inc reported fourth-quarter revenue above analysts' estimates, raised its dividend and announced a two-year $1 billion stock repurchase plan.

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`FarmVille` creator Zynga forecasts bookings below estimates

`FarmVille` creator Zynga forecasts bookings below estimates

Published 09/02/2017

The Zynga logo is pictured at the company's headquarters in San Francisco, California April 23, 2014. REUTERS/Robert Galbraith/File Photo

Zynga Inc (ZNGA.O), which created the online game FarmVille, forecast current-quarter bookings largely below analysts' estimates, weighed down by a seasonally weak advertising business as well as declines in its web business.

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Apple CEO Cook `optimistic` about UK`s future after Brexit: BBC

Apple CEO Cook `optimistic` about UK`s future after Brexit: BBC

Published 09/02/2017

Apple CEO Tim Cook waves at the end of an Apple media event in Cupertino, California, U.S. October 27, 2016. REUTERS/Beck Diefenbach

Apple Inc (AAPL.O) Chief Executive Tim Cook told Prime Minister Theresa May the company was optimistic about Britain's future after it leaves the European Union, the BBC reported on Thursday.

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