WhatsApp founders Jan Koum and Brian Acton own $9 billion in Facebook stock

By about 36 mins ago.

WhatsApp founders Jan Koum and Brian Acton own $9 billion in Facebook stock

WhatsApp founders Jan Koum and Brian Acton received 116 million shares of Facebook stock currently worth nearly USD 9 billion when they sold their unprofitable messaging service to the social networking leader earlier this month. More →
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Airtel Q2 net profit shoots up to Rs 1,383 crore

By about 1 hour ago.

Airtel Q2 net profit shoots up to Rs 1,383 crore

Bharti Airtel, country's largest mobile operator, today reported nearly three-fold jump in consolidated net profit to Rs 1,383 crore for the second quarter ended September 30, 2014 on the back of higher mobile data revenue. The company had reported a net profit of Rs 512 crore in the corresponding period of last fiscal, it said in a statement. More →
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Samsung vows changes after mobile profit plunges

By about 1 hour ago.

Samsung vows changes after mobile profit plunges

Samsung admitted erring in its smartphone strategy and vowed to overhaul its handset lineup after profit from those devices tumbled last quarter to the lowest in more than three years. The South Korean company, which climbed from smartphone laggard to top seller in the past three years, had prided itself on responding quickly to market demand and ability to tailor handsets to the needs of users and mobile carriers around the world. More →
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Lenovo completes $2.91 billion acquisition of Motorola from Google

By about 2 hours ago.

Lenovo completes $2.91 billion acquisition of Motorola from Google

After ten months of official announcement, Lenovo has confirmed that it has finally completed its $2.91 billion acquisition of the Motorola handset unit from Google today. In an official statement, the company states that with the acquisition of the Motorola brand and it's smartphone portfolio like Moto X, Moto G, Moto E and the DROID series, as well as the future Motorola product roadmap, Lenovo is now positioned as the world’s third largest maker of smartphones. More →
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Twitter, IBM join forces on business data analytics

By about 4 hours ago.

Twitter, IBM join forces on business data analytics

American multinational IBM and micro-blogging site Twitter have forged a key alliance, where Twitter data would be used to solve business problems via IBM's cloud-based analytics platform. This alliance will let enterprises incorporate Twitter data into their decision-making through an established set of IBM tools, solutions and consulting services, Twitter announced in a statement. More →
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Here’s why Facebook is a mobile first company

By on October 29, 2014 at 7:30 PM.

Here’s why Facebook is a mobile first company

Facebook has revealed that nearly 864 million users accessed the social networking site every day in September, out of which 703 million users accessed it on their mobile phones. In its third quarter earnings report, Facebook also revealed it now had 1.35 billion monthly active users, out of which almost 83 percent or 1.12 billion users came from mobile phones. Facebook's revenues from mobile advertising now accounts for 66 percent of advertising revenue in the quarter, up from approximately 49 percent in the same quarter last year. More →
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LG shipped 16.8 million smartphones in Q3, 2014, earnings from mobiles surged to a five-year high

By on October 29, 2014 at 12:48 PM.

LG shipped 16.8 million smartphones in Q3, 2014, earnings from mobiles surged to a five-year high

While Samsung is going through a rough patch, its chief rival back home is having one of its best quarters. Today, LG announced its Q3 2014 earnings, where it shipped a record-breaking 16.8 million smartphones. More →
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PricewaterhouseCoopers partners Google to offer business solutions to clients

By on October 29, 2014 at 10:06 AM.

PricewaterhouseCoopers partners Google to offer business solutions to clients

Global consultancy firm PricewaterhouseCoopers (PwC) today said it has partnered with US-based tech giant Google to offer new and innovative services to companies around the world. “Rapid pace of innovation in technology has fundamentally changed how and where work gets done, driving organizations to transform their businesses for the future. Together, PwC and Google can help that transformation happen,” PwC said in a statement. More →
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