Tag: Social Media

  • Snapchat raises 175 million from Fidelity

    Fidelity invests $175 million in Snapchat but its valuation remains unchanged

    Snapchat has raised $175 million from Fidelity Investments. The company has now received $1.3 billion in funding. The Wall Street Journal is reporting that Snapchat maintains its previous $16 billion valuation, reflecting a more cautious approach from tech investors. Snapchat calls more than 100 million active users among its ranks, mostly in the millennial demo and claims to deliver more […]

  • Instagram Ads success

    Instagram has attracted more than 200,000 advertisers

    More than 200,000 advertisers have flocked to Instagram in the five months since Facebook started testing ads on the popular photo-sharing platform. Instagram opened its platform to a couple of hundred advertisers in June, the company said, and by September had opened the app to anyone wanting to purchase an ad. The company says three-quarters […]

  • LinkedIn Shares

    LinkedIn stock plummets 35% on weak outlook

    LinkedIn shared plummeted by 34.93% (9:38am EST) in after hours trading, as the company gave a somewhat conservative outlook for the current quarter. LinkedIn said its sales for the current quarter would come in about 6% lower than Wall Street had expected. The company also said earnings would be 27% below analysts’ expectations. LinkedIn had […]

  • Mark Zuckerberg personal wealth

    Mark Zuckerberg’s wealth just passed the Koch brothers

    Facebook founder and CEO Mark Zuckerberg is now richer than the Koch brothers. Zuckerberg’s wealth increased by $6 billion Thursday after Facebook reported a stellar quarter with record revenue. That increase in stock price grew Zuckerberg’s fortune to $47.5 billion or No. 6 on Bloomberg’s list of the wealthiest people in the world. Zuckerberg surged past […]

  • Facebook earnings Q4 2015

    Facebook continues to destroy earnings expectations

    Facebook has destroyed analysts expectations on several key metrics, including sales and profit, and new user growth. The company reported on Thursday that Facebook brought in $5.8 billion— growth of 52%. The company also earned $1.6 billion in profit — an insanely high 123% increase from a year earlier. Mobile ad revenue also increased, now making up 80% of […]

  • Facebook Revenue Up After strong Q3 2015 Numbers

    Facebook Reports Better Than Expected Earnings In Q3

    Facebook shares rose by 5% to $107.75 on Wednesday after the company reported a better-than-expected 40.5% jump in quarterly revenue.   The company’s revenues were helped along by the launch of new advertisement services and updates to the Facebook mobile app.  Earnings managed to beat Wall Street’s average estimate despite increased spending on Messenger, WhatsApp […]

  • Twitter Layoffs

    Twitter Laying Off 8% Of Its Employees

    It’s official: after much speculation as to how co-founder and newly-appointed permanent CEO Jack Dorsey would remake Twitter, he announced late Tuesday that the company would be laying off 336 employees or 8% of its workforce. In a memo to employees released on Tuesday, Dorsey said the restructuring plan adopted by the board would focus […]

  • Mark Zuckerberg wants our brains to directly send Facebook Status updates

    This Is The Future Of Facebook Communications According to Mark Zuckerberg

    Facebook CEO Mark Zuckerberg believes we will one day communicate with our social media friends and followers with the help of brain-to-screen technology. Speaking during a public Q&A session on his Facebook page on Tuesday, the company’s founder said, “You’ll just be able to think of something and your friends will immediately be able to […]