IPO This week’s activity in the public markets was headlined by the stock market debut of Synchrony Financial, GE’s consumer finance arm divested as a separate, public entity. Synchrony finances private label…
Twitter stock soars as World Cup boosts user figures
Twitter’s stock soared after the company posted better than expected earnings and user growth in its quarterly report. Shares in the social media company jumped as much as 35% in after-hours trading…
Facebook’s Q2 earnings send stock to all time high
Facebook stock reached an all time high on Wednesday, topping $75 a share after the company’s Q2 earnings report beat analyst expectations. The social media giant reported $2.9 billion in revenue, surpassing…
Microsoft’s profit hit hard following Nokia acquisition
Microsoft has reported an 18% increase in revenue for the fourth quarter of its financial year, but the cost of integrating Nokia’s handset business hurt profits. The software heavyweight earned $23.4 billion…
Hackathon to target North Korea’s ‘Hermit Kingdom’
A two-day hackathon next month is aiming to bring more information to North Koreans. Hack North Korea, held in San Francisco between August 2 and 3, is hosted by New York-based NGO…
Netflix crosses 50 million subscribers mark despite price hike
Netflix now has more than 50 million subscribers worldwide according to the company’s quarterly earnings report released today. The content streaming website added 1.69 million users during the second quarter ending June…
Google reports 22% revenue increase as Arora bids farewell
Google, Inc has reported modestly rising quarterly earnings for the second quarter of 2014. The tech giant earned $3.4 billion, or $4.99 per share, in the April-to-June period. The figures represent a…
Microsoft to lay off 18,000 in biggest jobs cut
U.S. tech giant Microsoft is set to lay off 18,000 employees, according to an internal memo from its new CEO. Satya Nadella, who took over the reigns from longterm chief Steve Ballmer…
Southeast Asia set for e-commerce boom
Southeast Asia is the next big market for online shopping according to a recent study by UBS, which warns of the threat to established retailers posed by e-commerce firms. Physical barriers such…
5 Takeaways from the Google I/O Developer Conference
Google’s I/O Developer Conference, held this week in San Francisco, featured a number of new product launches, including Android TV, Android Wear, Android Auto and a new smartphone and tablet operating system.…