Business 8.2.2018 10:38 pm

Twitter hits milestone with first-ever profit

Twitter on Thursday reported its first-ever quarterly profit, a key milestone that sent shares soaring at the social network which has lagged for years behind fast-growing rivals.

The San Francisco-based one-to-many microblogging service said it earned $91 million in the fourth quarter, the first positive net income since going public in 2013.

Twitter hits milestone with first-ever profit
Twitter hits milestone with first-ever profit

Twitter hits milestone with first-ever profit

Twitter on Thursday reported its first-ever quarterly profit, a key milestone that sent shares soaring at the social network which has lagged for years behind fast-growing rivals.

At trial, former Uber CEO seeks to fend off conspiracy talk
Digital Life

At trial, former Uber CEO seeks to fend off conspiracy talk

Former Uber chief executive Travis Kalanick appeared tense and tentative as he took the witness stand Tuesday seeking to counter allegations that his company stole autonomous driving secrets from former Google car unit Waymo.
Snapback for Snap on upside revenue surprise
Digital Life

Snapback for Snap on upside revenue surprise

Snapchat parent company Snap Inc. saw a big snapback in shares Tuesday as the youth-oriented social network reported stronger-than-expected revenue growth.
Google parent hit by higher costs, names new chairman
Digital Life

Google parent hit by higher costs, names new chairman

Google parent company Alphabet on Thursday reported a quarterly loss to set aside funds to pay taxes on repatriated profits, and named a new chairman to replace outgoing Eric Schmidt.
Facebook booming even as time spent on it drops
Business

Facebook booming even as time spent on it drops

Facebook on Wednesday reported a big jump in profits even though people are spending less time on the world’s biggest social network.
Friday mischief managed with #BlackHogwarts
Digital Life

Friday mischief managed with #BlackHogwarts

The hilarious Twitter trend has taken social media by storm.
Top tech lobby joins legal battle to keep ‘net neutrality’
Digital Life

Top tech lobby joins legal battle to keep ‘net neutrality’

The lobby group for some of the most powerful US tech firms said Friday it would join the legal challenge to the planned rollback of “net neutrality” rules requiring internet service providers to treat all online traffic equally.
Race for ‘smart’ hits fever pitch at electronics show
Digital Life

Race for ‘smart’ hits fever pitch at electronics show

Giving gadgets brains will be a hot theme at the Consumer Electronics Show set to open in Las Vegas, with device makers big and small touting hardware with “smarts.”
US demands Iran end social media blocks
Digital Life

US demands Iran end social media blocks

The United States on Tuesday urged Iran to stop blocking online social media and advised its citizens to set up virtual private networks, or VPNs, to circumvent censorship.
SoftBank seals deal for large Uber stake, trimming valuation
Digital Life

SoftBank seals deal for large Uber stake, trimming valuation

Uber and SoftBank announced a deal on Thursday allowing the Japanese tech titan to take a large stake in the US ridesharing giant, making a hefty cut in the valuation of the biggest venture-backed startup.
SoftBank seals deal for large Uber stake, trimming valuation
Digital Life

SoftBank seals deal for large Uber stake, trimming valuation

Uber and SoftBank announced a deal Thursday allowing the Japanese tech titan to take a large stake in the US ridesharing giant, making a hefty cut in the valuation of the biggest venture-backed startup.
Bitcoin falls on S.Korea curbs on digital currency trade
Digital Life

Bitcoin falls on S.Korea curbs on digital currency trade

Bitcoin fell more than 11 percent after South Korea said on Thursday it would ban anonymous trading of virtual currencies and crack down on money laundering activities using them.
Self-healing glass: a cracking discovery from Japan
Digital Life

Self-healing glass: a cracking discovery from Japan

A Japanese researcher has developed — by accident– a new type of glass that can be repaired simply by pressing it back together after it cracks.
US Library of Congress backtracks on complete Twitter archive
Digital Life

US Library of Congress backtracks on complete Twitter archive

The US Library of Congress has scaled back plans to archive every message ever sent on Twitter, sparking debate on the importance of social media in historical records.
Russia launches telecoms satellite for Angola
Digital Life

Russia launches telecoms satellite for Angola

Russia on Tuesday launched a rocket carrying Angosat-1, the first national telecoms satellite for Angola, from its Baikonur space pad, with rare use of a rocket from Ukraine despite collapsed ties between the two nations.
Ad firms using tools to help them read your mind
Digital Life

Ad firms using tools to help them read your mind

Why did you splurge on that new pair of shoes? Or that pricey smartphone? More and more advertisers are trying to tap into the unconscious to divine the invisible forces that drive those spending decisions.
Study: Smartphone addiction creates an imbalance in brain
Digital Life

Study: Smartphone addiction creates an imbalance in brain

Smartphone addiction is more dangerous than we thought – it creates an imbalance in brain chemistry.
Israel dope dealers boost business with high tech smokescreen
Digital Life

Israel dope dealers boost business with high tech smokescreen

It only takes a tap on a smartphone to reveal it: a world of dealers posting photos of their products and promises of top-quality marijuana.
Deutsche Telekom to buy Austrian rival for 1.9 bn euros
Digital Life

Deutsche Telekom to buy Austrian rival for 1.9 bn euros

German telecoms giant Deutsche Telekom on Friday said it would buy Austrian cable provider UPC for 1.9 billion euros to boost its mobile and fixed-line offerings and take on market leader A1 Telekom Austria.
Baidu accuses former exec of stealing self-driving car technology
Digital Life

Baidu accuses former exec of stealing self-driving car technology

China’s largest search engine Baidu is suing a former executive, accusing him of stealing self-driving car technology, reports said Friday, as competition in the sector heats up.
North Korea denies role in WannaCry ransomware attack
Digital Life

North Korea denies role in WannaCry ransomware attack

North Korea on Thursday denied US accusations it was behind the WannaCry global ransomware cyberattack, saying Washington was demonising it.
China jails VPN owner for over five years
Digital Life

China jails VPN owner for over five years

A Virtual Private Network (VPN) seller in southern China has been sentenced to five and a half years in prison, official media reported Wednesday, one of the most severe sentences yet for helping users evade the country’s “Great Firewall”.
Eric Schmidt stepping down as chair of Alphabet board
Digital Life

Eric Schmidt stepping down as chair of Alphabet board

Google’s parent company Alphabet on Thursday announced that Eric Schmidt will step down as chairman, remaining on the board but shifting into a role as a technical advisor.
Facebook pulling ‘disputed’ flags from fake news
Digital Life

Facebook pulling ‘disputed’ flags from fake news

Facebook said on Thursday it will stop flagging fake news as “disputed,” opting instead to offer up contradictory stories containing facts that have been checked.
Google VP vows ‘vigilance’ after US net neutrality rollback
Digital Life

Google VP vows ‘vigilance’ after US net neutrality rollback

Google’s vice president Vint Cerf voiced concern Thursday about a US move to roll back “net neutrality” rules for internet access, and vowed to be on the lookout for any “serious side effects”.
Lithuania bans Kaspersky software over security fears
Digital Life

Lithuania bans Kaspersky software over security fears

Lithuania will ban Moscow-based cyber security firm Kaspersky Lab’s products from computers managing key energy, finance and transport systems due to security concerns, authorities said Thursday.

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