Software and IT Services (TRBC)

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…]

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.

[more…]

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.

[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…]

Arianna Huffington to leave Huffington Post to focus on start-up

Published 11/08/2016

Arianna Huffington, president and Editor-in-Chief of The Huffington Post Media Group attends a session at the World Economic Forum (WEF) in Davos January 25, 2014. REUTERS/Denis Balibouse

Huffington Post co-founder Arianna Huffington said on Thursday she would step down as editor-in-chief of the news site that bears her name to focus on running her new venture, health and wellness startup Thrive Global.

[more…]