Reality is finally catching up with overblown Silicon Valley rhetoric Reality is catching up with Silicon Valley's rhetoric Rhetoric, the art of persuasion, was the backbone of a classical education. Today the term is more often pejorative: rhetoric is found wherever reality isn’t. No fantasy, however, can be long sustained. If rhetoric is to deliver its original purpose and persuade, it cannot escape reality for long. So Silicon Valley is discovering. For over [...]
Linkedin share price jumps as revenue beats expectations Linkedin's second quarter figures exceeded expectations by a long way, and investors were delighted. The figures From April to June, the professional networking site's revenue was $712m (£456m) – a 33.3 per cent increase from the year before. This was better than the $680m analysts were expecting. Read more: LinkedIn share price plummets as second [...]
PayPal valued at just under $50bn as it soars past EBay on Nasdaq After its first day back as an independent company, PayPal is valued just under $50bn (£34bn). Read more: EBay revenue jumps 7pc as PayPal spinoff draws near The online payments company's share price closed up 5.43 per cent on its first day of trading after splitting from parent eBay, after initially soaring 11 per cent in [...]
Ebay revenue up seven per cent as PayPal spinoff draws near July 16, 2015 The figures Revenues at e-commerce giant Ebay jumped seven per cent to $4.38bn (£2.8bn) in the three months to the end of June , according to a report released today. The company’s net income fell to $83m, or seven cents per share in the second quarter, from $676m in 2014. Ebay has announced an additional $1bn [...]
Why I can’t feel sorry for LinkedIn as its share price tumbles May 12, 2015 When I read that shares of the business networking company LinkedIn plunged by 20 per cent, I felt quietly cheered. I’m so pleased about it, in fact, that I’m thinking of sending all their connections an email inviting them to congratulate it. Inappropriate? Maybe, but no more so than the one they sent my contacts [...]
LinkedIn share price plummets as second quarter outlook fails to impress April 30, 2015 LinkedIn once again beat expectations, but a bleak outlook for the second quarter didn't go down well with investors. The figures During the first three months of 2015, the social networking site's revenue went up to $638m (£415m), 35 per cent higher than last year's first quarter figure. This was ahead of the $636.5m [...]
Nasdaq apologises for letting Twitter results fly out ahead of time, blames Shareholder.com April 29, 2015 Nasdaq was yesterday forced to apologise for the early release of Twitter’s earnings, blaming an “operational” error that lasted just 45 seconds. Twitter’s share price plunged nearly nine per cent yesterday, following a 20 per cent tumble on Tuesday when the social media site’s below-estimate quarterly earnings were announced early. Nasdaq blamed its [...]
LinkedIn shares up after hours on revenue rise February 5, 2015 The figures LinkedIn's fourth quarter revenue came in at $643m, up 44 per cent year-on-year, well ahead of expectations of $617m, taking full-year revenue to $2.2bn, up 45 per cent on 2013's $1.5bn Shares were up six per cent in after-hours trading. Revenue from its recruitment business, marketing solutions and premium subscriptions were all up, [...]