Social Media

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.

[more…]

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.

[more…]

`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.

[more…]

China girlfriend rental app gets leg up from Lunar New Year demand

China girlfriend rental app gets leg up from Lunar New Year demand

Published 26/01/2017

A page of a date-hiring app 'Hire Me Plz', which says 'rent now for 999 yuan an hour', is shown in this picture illustration in Beijing, China, January 26, 2017. REUTERS/Damir Sagolj/Illustration

As millions in China head home to celebrate the Lunar New Year holiday with their families, 24-year-old Luoluo is busy answering messages on a mobile app from desperate men looking to hire an instant girlfriend whom they can present to mom and dad.

[more…]

Turner targets millennial viewers with Refinery29 investment

Published 11/08/2016

Time Warner Inc's Turner Networks has agreed to acquire a stake in U.S. digital publisher Refinery29 in a $45 million funding round with other investors to expand its audience of millennial women, the companies said on Thursday.

[more…]