Twitter on Thursday beat analysts’ expectations for earnings per share in its fourth quarter before the opening bell, but missed revenue estimates, prompting a steep fall in its stock price in pre-market trading.
The San Francisco-based company, led by CEO Jack Dorsey, reported adjusted earnings of 16 cents per share on revenue of $717 million, up from a year-earlier $710.5 million.
There is one force, today, that can be compared to that of a typhoon in terms of change. It is, according to William Mougayar, as important in shaping the future to come to what the World Wide Web has been in 1995. Mougayar wrote about this technology in his book The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology, with a foreword by Vitalik Buterin, and published by John Wiley & Sons P&T.
The European Union agreed Tuesday on new rules allowing subscribers of online services, as Netflix or Amazon Prime, in one E.U. country access to them while traveling in another.
The new “portability” ruling is the first step of regulation under a drive by the European Commission to introduce a single digital market in Europe. Announced in May 2015 on the cusp of the Cannes Film Festival, the proposed Digital Single Market was met with full-throated opposition from Europe’s movie and TV industry, which viewed it as a threat to its territory-by-territory licensing of movies and TV shows.
Lastminute.com strengthens its presence in Italy by signing agreement with Travel Holding to acquire Gartour, an italian leading incoming tour operator. The latter, according to the agreements made by the parties, will continue its activities under a renewable contract of lease for a period of twelve months, before passing definitively under Lastminute.com. Gartour currently employs about 130 people for a turnover of €35 million in 2016.
Snap, the owner of messaging app Snapchat, filed public documents for a share offering Thursday, seeking to raise up to $3 billion in a keenly anticipated Wall Street debut.
The California-based tech firm, which allows users to send images that vanish within seconds, was expected to be one of the biggest tech company IPOs in recent years with a valuation likely to top $20 billion.
The company revealed in the documents that it made sales of $404m last year, but a loss of $515m.
In outlining its business plan, Snap said it generates revenue primarily through advertising and emphasized its willingness to take risks to drive user engagement at numerous points throughout the filing.
Yahoo says its closing its Verizon deal in the second quarter instead of in the first quarter, which is when it initially said the deal would close. The $4.8 billion deal was originally slated to close in the first quarter, but that was before Yahoo reported two massive data breaches that analysts say may scrap the entire deal.
Although Yahoo continues to work to close the acquisition, there’s still work required to meet closing the deal’s closing conditions, the company said in an earnings statement, without elaborating.
LinkedIn will not be accessible in Russia as the State Government have asked to remove the app from the app stores. The decision was reached after a local court in Russia found LinkedIn to be in violation of their law requiring any service that collects data on Russian Citizens to house that data within Russia’s borders.
As per the directions from the Russian government, Google and Apple have removed the access to the LinkedIn App.
Yahoo, one of the Internet’s most venerable companies, won’t exist for much longer. According to SEC paperwork filed on Monday, it will be rolled into a publicly-traded investment company called Altaba.
Basically, Verizon is paying $4.8 billion solely for Yahoo’s core internet business, leaving behind Yahoo’s 15% of Chinese retail giant Alibaba and a part of Yahoo Japan, which is a joint venture with Softbank. Those assets will continue to exist in a separate company that will now operate under the catchy Altaba name.
