Facebook shares soar as it beats estimates on revenue and user numbers January 30, 2019 Shares in Facebook jumped more than eight per cent in after-hours trading tonight, boosted by a welcome set of positive fourth quarter results for the beleaguered social media firm. Revenue at Facebook rose to $16.9bn (£12.9bn) in the three months to 31 December, up 30 per cent compared to the same period last year and [...]
Facebook removes controversial app that pays teenagers for their iPhone data January 30, 2019 Facebook has taken down a research app that paid volunteers aged as young as 13 to gain unfettered access to data on their mobile phone. An investigation by Tech Crunch lifted the lid on the Facebook Research App, which bypassed the Apple App Store to seek out users via unofficial beta testing networks. The app [...]
DEBATE: Now that Facebook is integrating WhatsApp and Instagram, should we be worried about privacy? January 30, 2019 Now that Facebook is integrating WhatsApp and Instagram, should we be worried about privacy? Ruth Manielevitch, vice president of global business development at Taptica, says YES. Facebook has said that there will be end-to-end encryption across the board as part of this integration, but this will be difficult to implement. The level of personal information [...]
The Beatles’ last message from Savile Row is being echoed by today’s bespoke tailors January 30, 2019 Exactly 50 years ago today the Beatles sang together for the final time. On the rooftop of the Apple offices at 3 Savile Row, they set up a surprise live concert that lasted 42 minutes before the police intervened. After one last rendition of “Get Back”, the band called it a day, bowing out of [...]
Apple soothes investor fears by topping estimates in festive quarter results January 29, 2019 Californian tech giant Apple assuaged investor concerns tonight, having narrowly beaten analyst predictions for its first fiscal quarter of 2019. Reporting for the three months to 31 December, Apple said it took in revenue of $84.3bn (£64.1bn), slightly above consensus estimates of $84bn as collated by S&P Global Market Intelligence. Sales were down five per cent [...]
Apple sales come to the fore as big tech firms brace for crunch results January 29, 2019 Silicon Valley will be preparing for market instability this week as several members of the so-called Faang grouping gear up to report quarterly results for the recent festive period. Three members of the big tech club – which includes Facebook, Apple, Amazon, Netflix and Google – will publish figures amid rising speculation that their time [...]
This major iPhone bug turns Facetime into a privacy invasion tool January 29, 2019 Apple has come under fire for a Facetime bug that enables people to spy on call recipients without their knowledge. The security flaw, discovered by 9to5Mac yesterday, gives Facetime callers access to both the microphone and front-facing camera of the recipient while the call is still ringing, according to reports. Read more: Facebook to integrate Messenger into [...]
Caterpillar shareholders flee as it predicts China slowdown for 2019 January 28, 2019 Digger manufacturer Caterpillar’s shares were down eight per cent in US trading this afternoon after it announced “modest” sales increases. Sales were hit by weakness in its key Chinese market in the final quarter, causing investors to flee. The figures Adjusted profit-per-share for 2018 was $11.22 (£8.52), up 63 per cent, while revenues were up [...]
Nvidia slashes its fourth quarter guidance, sending its shares into a downward spiral January 28, 2019 Chipmaker Nvidia has cut its fourth quarter revenue estimate by $500m (£379.7m) after its performance in China slowed, causing its share price to spiral down more than 18 per cent. Chief executive Jensen Huang said the firm had suffered an "extraordinarily, unusually turbulent and disappointing quarter", as Nvidia forecasted revenue of $2.2bn for the quarter ending in [...]
Bad news baked into Apple’s revenue pie? January 28, 2019 Apple is set to report earnings after the close on Tuesday. The big question facing investors is whether all the downside has already been priced in and whether Apple still has some skeletons from the last quarter. And as ever what will really matter to the market is the guidance for the March quarter as [...]