Twitter Inc (TWTR. N) is launching a faster version of its mobile service on Wednesday aimed at people with sporadic connections or little data on their smartphone plans, hoping to pick up users in harder-to-reach emerging markets. The company calls the version Twitter Lite and it will be aimed largely at users outside the United … Read more
The 2017 advertising revenue forecast for Snap Inc’s Snapchat has been trimmed by $30 million due to higher than expected revenue sharing with its partners, digital marketing firm eMarketer said in its latest ad spending forecast on Tuesday. While that still represents growth of more than 157 percent from last year, it is smaller than … Read more
A coalition of 53 companies on Thursday backed transgender rights at the U. S. Supreme Court, signing on to a brief supporting a Virginia student who is fighting to use the school bathroom that corresponds with his gender identity. Among the companies participating are Apple Inc(AAPL.O), Microsoft Corp (MSFT.O) and IBM Corp (IBM.N). The court … Read more
Snap Inc, owner of popular messaging app Snapchat, will price its initial public offering after the U. S. stock market closes on Wednesday in the most eagerly awaited technology IPO since Chinese e-commerce giant Alibaba went public in 2014. The pricing will be the first test of investor appetite for a social-media app beloved by … Read more
Snap Inc (SNAP. N), owner of the popular messaging app Snapchat, set a lower-than-expected valuation range on Thursday, amid mounting investor concern over its unproven business model, slowing growth and tight founder control. The company, which filed for an initial public offering earlier this month, was widely expected to be valued at between $20 billion … Read more
Sony Entertainment Chief Executive Michael Lynton will step down to become chairman of the board of messaging app owner Snap Inc, a move that puts an experienced Hollywood executive in a prominent role as the technology company prepares for an initial public offering. Lynton will give up his current position at Sony’s movie and television … Read more
One of Netflix Inc’s (NFLX. O) Twitter accounts was hacked on Wednesday by an entity calling itself “OurMine”. Several mocking tweets were sent from the Netflix US Twitter account (@netflix). bit.ly/2if9tBe “World security is shit. We are here to prove this :),” said one tweet. Some of the tweets were deleted in less than 10 … Read more
The apparent lack of interest in Twitter Inc by potential suitors may force the social media company to consider a route anathema to aspiring tech startups: a major restructuring and cutting some its nearly 4,000 employees. The popular but money-losing micro-blogging service spent aggressively on product development and marketing in recent years, betting that it … Read more
Snapchat Inc. has 150 million people using the service each day, said people familiar with the matter. That makes the company which is just four-year-old more popular than Twitter Inc. which is over 10 years old. Snapchat has been growing quickly, boosted by its popularity among young people. The app had 110 million daily users … Read more