Facebook's daily active user base in the US and Canada fell for the first time ever in Q4, dropping from 185M to 184M in the previous quarter — It was a small but negative change to daily active users in Facebook's most valuable market. — Here's a troubling data point if you're a Facebook investor …
Concerns grow that Bitcoin's price is being propped up by Bitfinex, the widely-used and shadowy exchange subpoenaed in December by the US CFTC — A growing number of virtual currency investors are worried that the prices of Bitcoin and other digital tokens have been artificially propped …
Lenovo reports Q3 $289M net loss, recorded $400M charge due to US tax reform; core PC and smart devices business group posted 8% rise in revenue to $9.25B — HONG KONG (Reuters) - Chinese personal computer maker Lenovo Group reported a quarterly loss of $289 million on Thursday …
Pandora announces restructuring, shifting resources to ad tech and audience development, cutting workforce by 5% to save $45M annually, will expand in Atlanta — Pandora is pink-slipping about 5% of its workforce, a move the streaming-music company said will help it save $45 million annually.
eBay says it will stop using PayPal for its backend payments service by 2020 and will work with Amsterdam-based payments company Adyen instead — The shopping marketplace will instead begin working with Amsterdam-based Adyen. — One of the tech industry's most storied partnerships is coming to an end.
eBay reports Q4 revenue of $2.6B, with a net loss from continuing operations of $2.6B due to $3.1B tax charge, full year revenue of $9.6B — eBay Delivers Record Fourth Quarter Driven by Strong Holiday Performance — eBay Inc. (NASDAQ: EBAY), a global commerce leader …
Qualcomm and Samsung announce patent cross-licensing agreement, with Samsung withdrawing its interventions in Qualcomm's appeal against $868M fine — Qualcomm has struck a broad new alliance with Samsung, which could help the mobile chipmaker resolve its antitrust case in South Korea and fend off a hostile takeover bid from Broadcom.
PayPal reports Q4 revenue of $3.71B, up 24% YoY, vs. $3.63B est., processes $131B in total payments volume, up 32% YoY, and adds 8.7M customer accounts — PayPal impressed Wall Street when it reported fourth-quarter earnings after the bell on Wednesday. The global payments giant beat analyst expectations for both sales and profit.
Mark Zuckerberg says showing fewer viral videos reduced the total time people spent on Facebook by ~50M hours every day, as DAUs reach 2.13B, up 14% YoY — The world's biggest social network is almost minting money, even after Mark Zuckerberg's warnings that news feed changes could hurt business.
Qualcomm reports Q1 revenue of $6.04B, up 1% YoY, $6B tax reform charge, and 96% YoY operating profit decline as Apple and others withheld royalty payments — - Investors expect adjusted earnings of 91 cents per share, down 24 percent from the same period of last year, and revenue of $5.93 billion …
AT&T reports Q4 revenue of $41.7B, vs. $41.8B last year, 4.1M total wireless net adds, and $19B net income, vs. $2.4B last year, boosted by tax reform benefit — Casting a shadow over the company's fourth-quarter results, which saw an increase in wireless subscribers …
Microsoft's Q2 productivity revenue up 25% YoY to $9B, Intelligent Cloud revenue up 15% YoY to $7.8B, personal computing revenue up 2% YoY to $12.2B — Microsoft today reported earnings for its second fiscal quarter of 2018, including revenue of $28.9 billion, net income of $7.5 billion …
Twitter now says 1.4M+ US users interacted with tweets from Russia-linked accounts during 2016 election, up from 670K previously announced, has notified them — Twitter previously said 677,775 people in the US interacted with a Kremlin-linked troll campaign during the election.
Facebook Reports Fourth Quarter and Full Year 2017 Results — Facebook, Inc. (NASDAQ: FB) today reported financial results for the quarter and full year ended December 31, 2017. — “2017 was a strong year for Facebook, but it was also a hard one,” said Mark Zuckerberg, Facebook founder and CEO.
Microsoft Cloud Growth Fuels Second Quarter Results — REDMOND, Wash. — January 31, 2018 — Microsoft Corp. today announced the following results for the quarter ended December 31, 2017: · Revenue was $28.9 billion and increased 12% · Operating income was $8.7 billion and increased 10%
PitchBook: female founders received $1.9B, or ~2.2%, of $85B total invested by VCs in 2017, up from 1.9% in 2016, as male-founded firms received $66.9B, or ~79% — Things are changing for women in the startup and venture capital world. Last year, a handful of them came forward to share …
Users around the world who infrequently log in to Facebook say it has been increasing re-engagement prompts via emails and text messages recently — It's been about a year since Rishi Gorantala deleted the Facebook app from his phone, and the company has only gotten more aggressive in its emails to win him back.
Venezuela's president says a pre-sale of its new “petro” cryptocurrency, with each token backed by one barrel of crude oil, will begin on February 20 — - Critics have slammed the initiative as not only illegal but nothing more than a debt issuance by the government amid quadruple-digit inflation and major shortages.
As jury selection begins in Waymo-Uber trial, a rundown of both sides' core arguments on trade secrets, R&D, Anthony Levandowski's role, and more — SAN FRANCISCO — After nearly a year of legal wrangling, dramatic last-minute delays and uncooperative witnesses, a jury will soon hear arguments …
Jack Dorsey says almost all Square Cash App users can now trade bitcoin on the platform; service isn't available for users in NY, Georgia, Wyoming, Hawaii — - Users of Square's Cash payments app can now trade bitcoin, except for those located in New York, Georgia, Wyoming and Hawaii, according to the company's website.
Game broadcasting platform Caffeine, founded by two ex-Apple designers, raised $46M across two rounds led by Greylock in 2016 and a16z in 2017 — A team of ex-Apple engineers and execs is taking on Amazon-owned Twitch and Google's YouTube Gaming with today's official launch of a new social broadcasting platform, Caffeine.
Slack CEO Stewart Butterfield says its Enterprise Grid service, launched one year ago, has 150+ customers — SAN FRANCISCO (Reuters) - Slack Technologies Inc now has more than 150 customers using the enterprise version of its workplace collaboration software, Chief Executive Stewart Butterfield told Reuters.
Uber partners with JUMP to begin piloting a bike-sharing service called Uber Bike in San Francisco starting next week — Uber is launching a bike-sharing service next week in partnership with JUMP, a startup that recently received the first and only permit to operate dockless bike-sharing in San Francisco.
Lyft opens its first European office in Munich, Germany where staff will work on localization and geometric mapping tech for autonomous vehicles — Ride-hailing provider Lyft Inc. is expanding to Europe, opening an office in the southern German city of Munich, home to the likes of BMW AG and Siemens AG.
Google Flights says it will use historical data and AI to predict when planes may be delayed — Google has announced two new features for its flight-booking search service. — Using historical flight status data, Google Flights will now try to predict when flights will be delayed …
SoftBank buys a 51% stake in Line's MVNO service in Japan, which allows unlimited data for Line services and social sites like Facebook, Twitter, and Instagram — SoftBank is partnering up with messaging app Line to help develop its Line Mobile telecom service.