On its first quarterly earnings report yesterday since Twitter Inc. went public in November 2013; the company posted chalked up revenues of $243 million up 116% year-after-year. An admirable figure than analysts had anticipated, the company also revealed a net loss of $511.5 million widened from $8.7 million. A lot of it went into doling [...]
Laugh if you want, but in many cultures, 7 is the magical number. And today, on the 21st of March, Twitter turns 7 years old and these years were indeed magical. Without a doubt, microblogging social platform Twitter has remodeled ways of contemporary communication. After the birth of Twitter, nothing was the same!
Media mogul Rupert Murdoch has been on Twitter for the past week, tweeting commentary on politics, family and work. In just 48 hours, Murdoch amassed over 45,000 followers, and currently has over 120,00o followers. Industry Leaders like Murdoch, with influence in business magazines such as ours, ought to be on Twitter too (if not already). Here are a few things industry leaders can learn about social media from moguls like Murdoch
The latest rumor buzzing in the business world is that social networking giant Facebook is working to raise $10 billion for an initial public offering, tentatively set for the second quarter of 2012. If this is true, the Facebook IPO gives the company a valuation of $100 billion, twice as big as companies like HP and 3M. Although, it’s hard at this point to monetize and to measure the assets of a social media company for the purpose of going public (hasn’t really been done before), there’s not denying that a Facebook IPO would simply be huge.
The California-based professional social networking website, LinkedIn, co-founded by Reid Hoffman and run by chief executive Jeff Weiner, is all set to make a market debut with its scheduled IPO for later today. Valued at $4.3 billion, LinkedIn will sell 7.8 million shares, and raise $352.8 million, pricing each share at $45, setting the stage [...]
In apparent efforts of wanting third parties to confirm that users were not happy about the use of their personal information from their Facebook accounts for Google’s new competing social-network Social Circles, Facebook is attracting a lot of negative attention for the manner in which they carried out this process. In what appear to be [...]
With its most recent valuation figuring at $85billion, only about two months after Goldman Sachs, on investing in the world’s no.1 social-networking company, valued it at $50billion, Facebook sure is set to become to take over the virtual world. So what’s the most obvious market for such a rapidly growing company to be exploring next? [...]
Despite the chilling winters Yahoo still faces the heat as Google rises in Popularity. The reportedly third consecutive quarter of declining page views on Yahoo sites has further led to around 2 percent decrease in the Company’s share. Moreover, this news comes the same day as Yahoo’s announcement of laying off 1 percent of its [...]
The Kids at Google Inc. have finally grown up. Eric Schmidt, Google’s current CEO will step down to welcome Larry Page as Google’s next CEO making Schmidt the executive chairman per Google’s announcement yesterday. Page will assume the title on April 4 with Sergey Brin, the other Google cofounder to keep his existing title and [...]