Facebook deleted medical marijuana hopepages on Tuesday, without any prior warning. People that relied on the site for updates on the cannibis for medicinal purposes are said to have been greatly affected by the social media giant's initiative.
Venture capital (VC) funding activity seems to be heading towards pre-recessionary mark. The VC activity recorded robust growth phase for over seven years. The sluggish financial markets are discouraging VC funding and raising money.
LinkedIn on Thursday reported its fourth quarter earnings in 2015. The number is better than analyst expectation, but its stock dropped to 30% because of weaker earnings guidance that analyst forecasted.
The social network giant posted a strong profit. On Wednesday, Facebook reported a $1.56 billion quarterly net income in fourth quarter of 2015.
Microsoft incomes have increased thanks to the rising Surface sales, as well as the cloud and server growth. They are the main contributors to the higher overall revenue. However, Microsoft Windows and phones are not in the same luck as their performances are still declining.
Microsoft Corp said its quarterly profit beat analysts' view, propelled by mounting demand for its cloud products. Quarterly net income, on an adjusted basis, amounted to $6.3 billion, up from $5.8 billion in the same period last year.
Facebook is expected to announce its fourth-quarter earnings soon and analyst are expecting that the company will deliver a better than expected report. The company is also expected to boost its revenue this year through the expansion of its video advertising, Instagram, and Oculus RIft.
When we say TotalBiscuit, it’s the video game YouTuber John Bain. He bids an emotional goodbye to social media citing that he is not able to accept criticisms among other reasons.
Amazon will spend more than $3 billion for Amazon Prime music and video content. With a 54 million members in the U.S., Amazon Prime wants to increase customers spending to boost its revenue following a downtrend.
Aircall said that it has raised about $2.75 million in a seed funding round. The funding was headed by Balderton Capital, followed by FundersClub and US-based angels.
Roger's walkie-talkie style voice messaging app that launched in 2015 gets a financial backing of $1 million from Social Capital. The new feature was created by ex-Spotify employees, Ricardo Vice Santos and Andreas Blixt, who have done complete justice to the phrase 'selling old wine in new bottle'. In the current scenario where voice messaging is no longer a novelty, Roger hopes to tap the market outside Asia where people are still stuck with texting, and win them with its simple, three-button structure.
The advancement of the internet in South Korea has brought some advantages as well as social issues. Internet addiction has been a concern in the country, and the government is helping to solve the issue with some programs, including rehabilitation camps.
Amazon India, an online market, announced a six-fold leap in sales to Rs1, 022 crores for the year ending March 31, 2015, but net loss climbed to Rs1, 723.6 crores during the year.
Feeling the heat of competition in the global payments industry, American Express (AmEx) is in the process of reducing costs by $1billion by end of 2017. AmEx posted losses for the fourth quarter consecutively. The net income dropped from $1.44 billion to $873 million or 80 cents per share for the quarter. The forecast for this year disappointed investors and analysts.
The Onion Router (Tor) began as military intelligence research in 1995, before became a volunteer-based project in 2002. Now, the project tried to lessen dependency on U.S. government by launching a crowdfunding campaign.
Subscribe to VCpost newsletter
- Nestle to acquire food-maker Osem Investments for $840 million
- Customers of MF Global Will Receive $1.8 Billion In Liquidation Case
- Eyeriss: MIT Introduced Chip Capable of Deep Learning Using AI Technology
- CEO Reggie Aggarwal narrates success journey of Cvent
- Venture Firm Qiming Received $648 Million in Venture Capital Fund
- AccelFoods to Fund Packaged Foods and Beverages worth $20 Million
- Medicxi Ventures, A Spin-off Biotechnology Investment Firm Of Index Ventures Emerges As Largest Of Its Kind In Europe
- Charlottesville Is The Fastest Growing Venture Capital City in the U.S.