Facebook shares lose gains as regulators discuss imposing record fine January 19, 2019 Facebook’s share price lost some of its gains on Friday after a report emerged that US regulators were considering fining the company for privacy violations. Facebook was up 0.25 per cent for the day but lost gains that had seen the company’s price rise by 2.8 per cent earlier in the session. The regulators met [...]
Netflix shares fall following weak first quarter forecast January 19, 2019 Streaming giant Netflix saw its share price fall by 5 per cent on Friday as investors were disappointed by the company’s lower-than-expected revenue forecast for the first quarter. Netflix’s shortfall in revenue expectations overshadowed its record number of subscribers as investors hoped for a bigger payoff having increased prices for US customers by up to [...]
Wetherspoons boss Tim Martin defends column copying in pub magazine January 18, 2019 Wetherspoons boss Tim Martin has defended the decision to reprint newspaper columns in his pub chain’s magazine, but admitted he was not sure about the intricacies of copyright law. The no-frills pub chain raised eyebrows today after it emerged its free magazine, Wetherspoon News, had lifted articles from national newspapers and magazines. Read more: JD Wetherspoon [...]
Murdoch eyes up mega-merger between The Times and The Sunday Times January 18, 2019 Media baron Rupert Murdoch is seeking permission to merge The Times and The Sunday Times in a bid to cut costs across the newspapers. News UK, the holding group for the two titles, has made an application to the government to overturn a law that prevents the titles from merging. Read more: ITV shares tumble [...]
Bonhill shares rise as it forecasts revenue boost from print and live events January 18, 2019 Media firm Bonhill saw its shares jump more than five per cent this morning after upgrading its full-year expectations. Bonhill, which specialises in business information, live events and data, today said its results for the nine months to the end of December will be ahead of market expectations. Read more: Everyman cinemas on track as punters [...]
Netflix shares slide as it misses revenue estimates despite profits bump January 17, 2019 Shares in Netflix fell as much as five per cent in after-hours trading last night, after the streaming giant missed analyst estimates on revenue and paid subscriber growth. Netflix reported $4.19bn in revenue for the three months to the end of December last year, narrowly missing the $4.21bn predicted by consensus estimates, as collated by S&P [...]
ITV shares tumble after bearish investor note casts doubt on ad revenues January 17, 2019 ITV led the FTSE 100 fallers today after Bank of America Merrill Lynch analysts slashed their target price for the broadcaster amid fears of declining advertising. Shares in ITV fell almost seven per cent after the bank changed its rating from buy to underperform and cut its target price from 210p to 110p. Read more: UK [...]
Facebook to toughen up rules on political ads in countries with major elections January 16, 2019 Social media giant Facebook has said it will toughen up existing rules on political advertising in all countries facing major elections this year, following scrutiny surrounding ads on its platform during previous events. The firm said today that it will also expand some of its tools for curbing election inference, with Nigeria, India, Ukraine and the [...]
Theranos documentary to contain footage from deposition tapes of founder Elizabeth Holmes, says ABC January 16, 2019 A TV documentary telling the story of the high-profile demise of blood testing company Theranos will include never-before-seen footage from the deposition tapes of founder Elizabeth Holmes. The high tech blood testing firm was forced to formally dissolve and hand over its remaining cash to creditors in September after years of legal challenges left the [...]
Snap shares plummet as its finance chief’s departure takes a toll on investor nerves January 16, 2019 Shares in Snap have opened this afternoon down almost 12 per cent, after news broke of its chief financial officer's impending departure late last night. The company's shares dipped more than eight per cent in after-hours trading, before falling even further as markets opened today to an 11.8 per cent drop. Snap said in a [...]