Social Media
Twitter numbers paint grim profitability picture
Published 10/02/2017
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.
Twitter advertising revenue falls, shares drop more than 10 percent
Published 09/02/2017
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.
`FarmVille` creator Zynga forecasts bookings below estimates
Published 09/02/2017
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.
China girlfriend rental app gets leg up from Lunar New Year demand
Published 26/01/2017
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.
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.