Today's Top Technology Headlines
- Twitter assuages growth concerns for now as shares soar 35 pct
By Edwin Chan SAN FRANCISCO (Reuters) - Twitter Inc halted a slowdown in user-growth in the second quarter with the help of product tweaks and services built around the summer's World Cup, assuaging concerns for now that the online messaging service had peaked. Twitter, which has battled to reverse a steady decline in its once-heady pace of growth, surpassed targets for virtually every metric Wall Street scrutinizes. Before Tuesday's after-hours surge, Twitter had lost about 40 percent of its market value since the start of 2014. "The expectations going in had become quite low," said Sterne Agee analyst Arvind Bhatia.
- Facebook to shut down Gifts service in latest e-commerce shift
By Alexei Oreskovic SAN FRANCISCO (Reuters) - Facebook Inc will shut its 2-year-old Gifts shop on Aug. 12, as the world's largest social network tests other ways to let consumers buy products on its website. "We'll be using everything we learned from Gifts to explore new ways to help businesses and developers drive sales on the web, on mobile, and directly on Facebook," the company said in an emailed statement on Tuesday. Facebook Gifts opened in 2012 as a way for users to buy gifts such as socks and teddy bears.
- Amazon says lower ebook prices benefit authors, publishers
(Reuters) - Amazon.com Inc, locked in a war with publisher Hachette Book Group over ebook prices, said its push for lower prices was good for authors, publishers and booksellers. Upset over its ebook prices, Amazon has delayed deliveries and cut discounts on some books published by Hachette, the fourth-largest U.S. book publisher, owned by France's Lagardere. In a blog post on the Amazon site authored by the "Amazon Books team", the ecommerce giant said e-books were very price sensitive. Amazon claims that pricing an e-book at $14.99 or $19.99 is too expensive and unjustifiable in most cases.
- Applied Micro ships microserver chips in challenge to Intel
By Noel Randewich SAN FRANCISCO (Reuters) - Applied Micro Circuits has begun shipping a new kind of low-power server chip that might challenge heavyweight Intel in cutting-edge data centers. The Sunnyvale, California, company disappointed Wall Street on Tuesday with first fiscal quarter revenue and second-quarter revenue outlook that missed expectations due to a declining legacy business, sending its shares 4 percent lower after hours. In the quarter that ended in June, Applied Micro Circuits recognized its first revenue from the chips - about a $1 million - and the company said it expects "meaningful" revenue from the chips in the quarters ending in December and March as shipments build.
- BlackBerry buffs up security credentials with Secusmart deal
By Euan Rocha NEW YORK (Reuters) - BlackBerry Ltd is buying a privately held German firm that specializes in voice and data encryption, it said on Tuesday, in a bid to burnish its credentials with highly security-conscious clients like government agencies. The acquisition is the latest by the smartphone pioneer to build on niche areas in an attempt to reinvent itself under new Chief Executive John Chen and recover ground ceded to Apple Inc's iPhone and Samsung Electronics Co's Galaxy devices. "It is a really reassuring sign that BlackBerry is now less focused on firefighting and more focused on identifying and building for the long-term into enterprise services," said CCS Insight analyst Geoff Blaber. Still, BlackBerry shares fell 4 percent to $9.54 on Nasdaq and C$10.45 on the Toronto Stock Exchange.
- China regulator announces anti-monopoly probe of Microsoft
By Paul Carsten BEIJING (Reuters) - A Chinese regulator is conducting an anti-monopoly investigation into Microsoft Corp MSFT.O over its Windows operating system, in the latest of a growing number of competition probes that have unnerved Western firms in China. China's State Administration for Industry & Commerce (SAIC) is also investigating a Microsoft vice president and senior managers, and has made copies of the firm's financial statements and contracts, the agency said on its website on Tuesday. It said Microsoft, which has struggled to make inroads in China due to rampant piracy, has not fully disclosed information about Windows and its Office software suite. Microsoft is one of the biggest U.S. companies to fall under the eye of Chinese regulators as they ramp up their oversight in an apparent attempt to protect local companies and customers.
- Indian online retailer Flipkart raises $1 billion
MUMBAI, India (AP) — India's largest online e-commerce company, Flipkart, raised $1 billion in new capital this week as the company gears up for competition with Amazon's push into the Indian market.
- How the AP-GfK poll was conducted
The Associated Press-GfK poll on immigration was conducted by GfK Public Affairs and Corporate Communications July 24-28. It is based on online interviews of 1,044 adults who are members of GfK's nationally representative KnowledgePanel.
- Making an indie game for Xbox One costs just over $5,000
- Billions of GI Bill funds go to for-profit schools
WASHINGTON (AP) — Iraq and Afghanistan veterans have flocked to for-profit colleges, including a troubled chain that is closing or selling its campuses amid a series of federal and state investigations.
- How Tech Innovation Leads To Sustainable Solutions In Developing Nations
It seems as if the days of manually doing routine tasks such as shopping and health care are slowly fizzling into obsolescence. People in both developed and developing countries are reshaping their daily lives and interactions as digital technology becomes intertwined with their everyday activities.Interested in this trend, Accenture and...
- Verizon's FiOS Xbox apps now let you watch 'The Walking Dead,' er, live
- Twitter 2Q results soar, stock flies high
NEW YORK (AP) — The little blue bird is flying high. Stronger-than-expected financial results pushed Twitter's stock sharply higher on Tuesday after the short messaging service said its revenue more than doubled in the second quarter.
- Top 10 YouTube Channels for Leaders
With over 6 billion hours of video and thousands of channels, YouTube has something for everyone -- even for those of us who want to become better leaders.Over the last year I've subscribed to a number of YouTube channels that have consistently helped me identify new trends, understand best practices, and spot high-impact opportunities.Here is...
- Samsung's phone market share takes a bruising as Chinese rivals surge