Microsoft Corp said its quarterly profit beat analysts' view, propelled by mounting demand for its cloud products. Quarterly net income, on an adjusted basis, amounted to $6.3 billion, up from $5.8 billion in the same period last year.
Consumer Web/Social Media
Saudi Prince Al-Waleed buys some Lyft shares for $148mln
Two prominent investors in Lyft Inc sold some shares to Saudi Arabia's Prince Al-Waleed bin Talal for $148 million. The latest deal puts Lyft's valuation at $5.5 billion from $275 million in May 2013.
Facebook Deletes Medical Marijuana Homepages Without Any Prior Warning
Facebook deleted medical marijuana hopepages on Tuesday, without any prior warning. People that relied on the site for updates on the cannibis for medicinal purposes are said to have been greatly affected by the social media giant's initiative.
After robust phase, venture capital heads to pre-recession level
Venture capital (VC) funding activity seems to be heading towards pre-recessionary mark. The VC activity recorded robust growth phase for over seven years. The sluggish financial markets are discouraging VC funding and raising money.
Linkedin Q4 2015 Earning is Above Expectations, But Stocks Drop 30%
LinkedIn on Thursday reported its fourth quarter earnings in 2015. The number is better than analyst expectation, but its stock dropped to 30% because of weaker earnings guidance that analyst forecasted.
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Facebook is expected to announce its fourth-quarter earnings soon and analyst are expecting that the company will deliver a better than expected report. The company is also expected to boost its revenue this year through the expansion of its video advertising, Instagram, and Oculus RIft.
When we say TotalBiscuit, it’s the video game YouTuber John Bain. He bids an emotional goodbye to social media citing that he is not able to accept criticisms among other reasons.
Amazon will spend more than $3 billion for Amazon Prime music and video content. With a 54 million members in the U.S., Amazon Prime wants to increase customers spending to boost its revenue following a downtrend.
Aircall said that it has raised about $2.75 million in a seed funding round. The funding was headed by Balderton Capital, followed by FundersClub and US-based angels.
Roger's walkie-talkie style voice messaging app that launched in 2015 gets a financial backing of $1 million from Social Capital. The new feature was created by ex-Spotify employees, Ricardo Vice Santos and Andreas Blixt, who have done complete justice to the phrase 'selling old wine in new bottle'. In the current scenario where voice messaging is no longer a novelty, Roger hopes to tap the market outside Asia where people are still stuck with texting, and win them with its simple, three-button structure.
The advancement of the internet in South Korea has brought some advantages as well as social issues. Internet addiction has been a concern in the country, and the government is helping to solve the issue with some programs, including rehabilitation camps.
Amazon India, an online market, announced a six-fold leap in sales to Rs1, 022 crores for the year ending March 31, 2015, but net loss climbed to Rs1, 723.6 crores during the year.
Feeling the heat of competition in the global payments industry, American Express (AmEx) is in the process of reducing costs by $1billion by end of 2017. AmEx posted losses for the fourth quarter consecutively. The net income dropped from $1.44 billion to $873 million or 80 cents per share for the quarter. The forecast for this year disappointed investors and analysts.
The Onion Router (Tor) began as military intelligence research in 1995, before became a volunteer-based project in 2002. Now, the project tried to lessen dependency on U.S. government by launching a crowdfunding campaign.
