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Twitter Booked Profit For The First Time Since It Went Public

9Feb By AdityaNo Comments

BUSINESS

Twitter Booked Profit For The First Time Since It Went Public

Twitter Inc for on Thursday, posted its first quarter results, which are rather surprising, as for the first time in its history as a public company it generated a hefty profit, thanks to its expansion outside the USA. As soon as the results were announced, the social networking platform experienced a massive boost of 12 percent in its shares, breaking the two-years record. In the fourth quarter of 2017, Twitter made a net profit of $91.1 million against the loss of $167.1 million for the same period, one year ago. Twitter has been running in consistent losses ever since it became a public company in 2013, is now expected to turn profitable all around the year 2018. Even though the number of people using the social media is going down, it is really promising that Twitter has found su...

Does Twitter Really Reflect The World’s Emotion?

8Sep By Press Trust of IndiaNo Comments

ANALYSIS

Does Twitter Really Reflect The World’s Emotion?

Twitter is an unreliable witness to the world's emotions, and assuming that the micro-blogging site accurately reflects real life may be risky, scientists say. With over 300 million monthly active users around the globe sharing their thoughts in 140 characters or less, studies based on Twitter data are "particularly alluring" to researchers and the media, said sociology expert Eric Jensen, from the University of Warwick in the UK. However, he cautions against this "big data gold rush," pointing out that there is no evidence that social media content shared on Twitter is a truthful reflection of how its users feel. Twitter users have developed their own unique cultural behaviour, conversations and identities, which shape the ways in which they present their views online. Social ...

Social Media Is The Key For Staffing Companies To Drive Biz: Report

21Jul By AdityaNo Comments

ANALYSIS

Social Media Is The Key For Staffing Companies To Drive Biz: Report

Social media presence is increasingly becoming important for staffing companies to drive business as over 83 per cent corporates depend on this platform while deciding their staffing partner, says a report. According to a report by Indian Staffing Federation, an apex body of flexi staffing industry in India, social media has become an impertinent tool not only for managing networking but also to improve brand recall. Though corporates are depending on social media presence to make business partnership decisions, only 67 per cent flexi staffing companies consider social media as an important tool to engage with their customers for driving business. A little over 17 per cent do not even use social media as an important marketing tool, the report said. Staffing companies, who have...

India Becomes The Largest Audience Country For Facebook: Report

14Jul By AnkitaNo Comments

ANALYSIS

India Becomes The Largest Audience Country For Facebook: Report

Facebook users in India have crossed 240 million mark, becoming the largest audience country for the social media giant, according to a media report. As of July 13, Facebook is reporting a total "potential audience" of 241 million active users in India, compared to 240 million in the US. The change at the top of the platforms country rankings comes just a few days after Facebook announced it has more than two billion monthly users around the world. Facebook has achieved impressive growth in both the countries since the start of 2017, but these new figures suggest that active users in India are growing more than twice as fast as they are in the US, The Next Web reported. Active users in India are up 27 per cent in the past six months alone (+50 million), compared to growth of 12...

First Time Facebook To Build Houses in Silicon Valley

9Jul By reutersNo Comments

News

First Time Facebook To Build Houses in Silicon Valley

The shortage of housing in California's Silicon Valley has gotten so severe that Facebook Inc on Friday proposed taking homebuilding into its own hands for the first time with a plan to construct 1,500 units near its headquarters. The growth of Facebook, Alphabet Inc's Google and other tech companies has strained neighborhoods in the San Francisco Bay area that were not prepared for an influx of tens of thousands of workers during the past decade. Home prices and commute times have risen. Tech companies have responded with measures such as internet-equipped buses for employees with long commutes. Facebook has offered at least $10,000 in incentives to workers who move closer to its offices. Those steps, though, have not reduced complaints that tech companies are making communities ...

Here is How To Celebrate Fathers Day on Facebook

16Jun By PriyankaNo Comments

News

Here is How To Celebrate Fathers Day on Facebook

People come to Facebook to share life's most important moments and experiences — for dads, it's a place to celebrate fatherhood with friends and family and be celebrated for all the things they do. Over the past year, more than 185,000 new dads took to Facebook to commemorate their first days as a father with a life event.* And last Father's Day (June 19th, 2016), people showed their gratitude and appreciation for dad by posting photos and videos on Facebook, with over 830 million photos and videos being shared.** This year, Facebook is providing new ways for you to celebrate your dad or a father figure in your life: Send a personalized card: Celebrate or say congratulations with a card. This Sunday, you might see a message from Facebook in your News Feed letting you know it's Fat...

7Jun By reutersNo Comments

FUNDING

Pinterest Raises $150M Funding, Valuing Company at $12.3 Billion

Pinterest, which develops visual search technology and allows users to save images on its website, has raised $150 million from existing investors in its latest round of funding valuing the company at $12.3 billion, a company spokeswoman said on Tuesday. The latest funding round has increased the company's valuation from $11 billion when Pinterest raised $367 million in March 2015. Pinterest, which was founded in 2010, introduced a new search tool in early February called Lens to boost its advertising revenue. Lens helps users to discover ideas inspired by objects in the real world that are detected through a device camera. The additional capital will be used for further investments in visual technology and global expansion, the spokeswoman said in a statement over email. The S...

Online Petition Platform Change.org Raises $30 Million From Linkedin Co-founder, Bill gates & Others

28May By AdityaNo Comments

FUNDING

Online Petition Platform Change.org Raises $30 Million From Linkedin Co-founder, Bill gates & Others

Linkedin Co-founder Reid Hoffman along with Bill Gates & others lead latest funding round of more than $30 million in change.org. The news was first disclosed by Reid Hoffman on his Linkedin account. Other existing Change.org investors include Richard Branson, Ashton Kutcher, and the rapper Nas. Change.org performs functions that are key to a healthy democracy functions that were once mostly the domain of daily newspapers and other traditional news outlets. It informs its users about issues and developments that are of local, national, and even global relevance. It gives a megaphone to marginalized and disenfranchised communities. Its users and petition starters hold powerful interests accountable. Founded by Ben Rattray in 2007, the platform has attracted nearly 200 million u...

After Dangal Success, Indian Film Star Aamir Khans Popularity Shot Up in China

20May By PriyankaNo Comments

CHINA, News

After Dangal Success, Indian Film Star Aamir Khans Popularity Shot Up in China

Aamir Khans popularity in China shot up with the runaway success of his movie "Dangal" and now his Chinese microblogging website account has also crossed 5.86 lakh followers overtaking that of Prime Minister, Narendra Modi. The 51-year-old superstars account on Weibo, one of the most popular social websites in China, has received 5,86,591 followers till this evening. Modi, who opened the account on Weibo in 2015 before his visit to China, was the most popular Indian with 1.69 lakhs followers. He still continues to update his post with China related events. Khan account, called "Amier Han" in Chinese, was opened last month ahead of the release of the biographical sports drama, which has become a smashing hit in China grossing 500 million yuan (about USD 76 million) in 13 days to...

Russia Blocks Chinese Social Media App WeChat

6May By PriyankaNo Comments

CHINA, News

Russia Blocks Chinese Social Media App WeChat

Russias telecoms watchdog has blocked Chinas popular messaging app WeChat for failing to fulfil the countrys Internet regulations. Watchdog Roskomnadzor has listed WeChat, developed by Tencent Technology, on the register of prohibited websites, South China Morning Post reported today. "Tencent is aware of the move and communicating with Russian authorities over the matter," a brief statement from the Shenzhen-based company said. Russia requires Internet service providers to register with related government bodies, but Tencent ?had a different understanding? on this issue, the company said. Access to the app was restricted on the basis of Article 15.4 of the law on information, information technologies and information security, according to Roskomnadzor, officially known as the ...

Snapchat App is For Everyone and We are “Grateful” To Have Indian users: Official

17Apr By AdityaNo Comments

News

Snapchat App is For Everyone and We are “Grateful” To Have Indian users: Official

Snapchat today refuted the reported claims of a former employee who alleged that its CEO Evan Spiegel made negative comments about the Indian market, saying the multimedia mobile app is for everyone and the company is "grateful" to its Indian users. "Obviously Snapchat is for everyone! It's available worldwide to download for free," a spokesperson for Snapchat said in a statement to CNN. Snapchat is strongly denying allegations by a former employee Anthony Pompliano, who alleged in a lawsuit that Spiegel had once shot down his suggestion to pursue growth in certain international markets. Pompliano alleges that Spiegel said Snapchat is "only for rich people" and that he didn't want to "expand into poor countries like India and Spain. "Those words were written by a disgruntled fo...

Instagram Stories Overtakes Snapchat to Hit 200M Daily Active Users

16Apr By reutersNo Comments

News

Instagram Stories Overtakes Snapchat to Hit 200M Daily Active Users

Facebook-owned Instagram has claimed that more than 200 million people a day use its Stories feature, which competes against Snapchat. Snapchat had 161 million daily active users at the end of last year, ahead of Snap's March initial public offer, which was the largest by a technology firm in three years despite decelerating user growth. Instagram Stories' daily active users announced on Thursday has grown by 33% from the 150 million daily active users it had in January. The Instagram feature, which launched last year, lets users and businesses post a string of photos and videos that disappear after 24 hours, similar to Snapchat. Facebook last month introduced an update to allow users to tweak photos on their smartphones with visual details like a rainbow or a beard of glitter,...