WeChat, China’s favorite social media app, has hit one billion monthly active users. The platform managed to reach the milestone largely due to the popularity of its games and shopping services, particularly during the Lunar New Year in February. Pony Ma Huateng of Tencent, the app’s parent company head honcho, disclosed the impressive figure at […]
WeChat Reaches a New Milestone — 1 Billion Monthly Active Users Read More »
Investors looking for a way to diversify their investment portfolios with some tech stocks will have a rare chance to do so later this week. Dropbox, the San Francisco-based file hosting and syncing service, will have its initial public offering (IPO) on Friday giving investors the opportunity to own shares of the popular tech firm
Dropbox Gets Ready to Go Public After Earning $1.1 Billion in Revenue for 2017 Read More »
In July 2016, Unilever shocked the business world. They were purchasing Dollar Shave Club—a startup dreamed up just five years earlier by an improv comedian named Michael Dubin— for $1 billion. Reporters were baffled. Similar e-commerce subscription startups like Birchbox, Trunk Club, and Stitch Fix had failed to attract anywhere near the same interest. Plus,
How Storytelling Turned Dollar Shave Club Into a Billion Dollar-Brand Read More »
Many were shocked when Facebook bought WhatsApp in 2014. For a seemingly hefty price of $19 billion, many observed that for the same amount, Facebook could have bought a slew of other more established companies. However, it now appears that Mark Zuckerberg’s judgment on WhatsApp’s future potential was right all along. In the recent Facebook
It all started in a tiny apartment in Sweden. Source link
Last night, Facebook CEO Mark Zuckerberg announced via a Facebook post that Facebook is changing how News Feed works. In short: more posts from friends and family, less reach for publishers and brands. Now, it seems that announcement might have cost Zuckerberg roughly $3 billion, personally–as a result of the effect it had on Facebook’s share price
Mark Zuckerberg’s Facebook Post Basically Cost Him $3 Billion Friday Read More »
The Interactive Advertising Bureau just released its first half 2017 digital advertising revenue report. Revenues reached a record $40.1 billion, compared with $32.7 billion a year ago. In the second quarter, they were $20.8 billion. Revenues were almost equally divided in Q1 and Q2. Year-over-year quarterly growth was 23 percent, while sequential growth was 7.4
Cross-border ecommerce sales into China are expected to reach more than $100 billion by the end of 2017, according to data from eMarketer. That’s a significant increase from the $78.5 billion in sales from 2016. These latest figures are part of a growing trend of importing to China, which could lead to plenty of potential
Ecommerce Sales to China Will Exceed $100 Billion by Close of 2017 Read More »
In 2012, Google paid $22.5 million to settle an FTC claim that the company “misrepresented to users of Apple Inc.’s Safari Internet browser that it would not place tracking cookies or serve targeted ads to those users . . .” The company bypassed Safari’s cookie-blocking settings, it said, to deliver a “signed-in” user experience. Google explained
Google facing $1 billion in potential liability with UK class action Read More »
Yesterday Amazon announced third-quarter earnings. The company reported sales growth of 34 percent to $43.7 billion. A year ago Amazon reported $32.7 billion in sales. For purposes of this post, the notworthy part is Amazon’s “other” revenue, which is basically advertising. Buried at the bottom of the Net Sales chart in the press release was this line item:
Amazon Q3 ad revenues surpass $1 billion, up roughly 2X from early 2016 Read More »
