Satya Nadella has been confirmed as Microsoft’s new CEO. Nadella, a 22-year veteran of the company, will succeed outgoing CEO Steve Ballmer immediately. Microsoft co-founder Bill Gates has also stepped down from…
Google Q4 profits hamstrung by Motorola
Google’s fourth quarter earnings report beat analyst estimates on revenue, but missed on profits, partly due to losses incurred by the recently-sold Motorola Mobile arm of the company. The search and advertising…
Facebook reports mobile revenue surge as shares soar
Facebook’s sales and profits for the fourth quarter of 2013 beat Wall Street’s expectations, sending the social network’s shares soaring in after-hours trading on Wednesday. The company’s profits hit $523 million for…
Dropbox’s $10 billion valuation raises more bubble concerns
Digital media repository Dropbox has reportedly raised $250 million in a funding round led by BlackRock Inc. The colossal investment values the 5-year-old company, known for scaling at a sprint, at roughly…
Google dominates mobile ad market but Apple continues to rake in the revenue
Total mobile advertising spending will reach $18 billion in 2014, according to recent research from Gartner, and at the center of this industry is a fierce battle between Google and Apple. Google’s…
Weekly digest: IBM struggles, Facebook takes on Princeton and Soundcloud raises $60m
Who needs an IPO? When you raise $60 million in a Series D funding round, why go through the hassle and risk of an IPO? Soundcloud certainly didn’t need to, as it…
Tencent v Alibaba: where do they compete?
The battle between Chinese giants Alibaba and Tencent is fierce enough to stretch over multiple industries. Alibaba is China’s largest e-commerce provider, and is accelerating towards one of the most highly-anticipated IPOs…
Connected cars drive huge industry potential
There are not many places a mobile application cannot be enjoyed, but the car has traditionally been one of them. However, automakers are now teaming up with tech companies to ensure that…
Robots continue to take baby steps at CES
In 2013, Google acquired no fewer than eight robotics companies. The internet behemoth clearly sees huge potential in an industry which, to outsiders, appears to have been stuck in first gear for…
Wearables grab headlines at CES but market remains leaderless
Wearable technology has already attracted many of the headlines at the Consumer Electronics Show in Las Vegas this year, but can this technology provide the boost the industry is looking for in…