Off of the back of its announcement on a final price for the Tesla Model 3, the electric car firm announced that it had once again made a loss: $107 million for the quarter closing out 2015. It also reported plans to spend upwards of $1.5 billion on investment in …
Read More »Google’s parent company, Alphabet, is now worth more than Apple
For a while, it look liked Apple might be the first company to ever break through the trillion dollar threshold, but now perhaps it will be Google's parent company, Alphabet. The recently launched initiative to separate Google's profitable businesses from its more experimental ones has paid off, with the latest …
Read More »Facebook makes its first billion dollar quarter profit
Despite being one of the world's most valuable companies for the best part of a decade, it's taken a long time for Facebook to earn the kind of money that matches its valuation. Still as advertising on it has improved and it's increased its usage to more than a billion …
Read More »Toshiba to cull thousands of jobs, sell off businesses
Despite being one of the most recognisable technological brands in the world, Toshiba has announced that it will be cutting as many as 7,000 jobs in its electronics divisions following its accounting scandal from earlier this year. On top of that it will be selling its TV manufacturing facility in …
Read More »Vivendi gets back into video games with Ubisoft stock buy up
Vivendi is one of those background names that was in the gaming industry, but not in the gaming industry. It used to own a majority stake in Activision Blizzard, but when that publishing giant freed itself from its corporate overlords with a stock purchase in 2013, Vivendi took even more of a …
Read More »Is someone going to buy Twitter?
Despite having an active user base of over 300 million people, Twitter has struggled to monetise quite like other social network giants like Facebook and it's shed many millions of users over the years. Despite revenue growth in the short term however, investors and shareholders have not been happy, so CEO …
Read More »Twitter shares crash after poor earnings report
With the amount people use them, you would think owning a social network would be like a license to print money. While that might be the case for some, it isn't for Twitter, which has always struggled to monetise its platform. In the wake of a poor earnings report that …
Read More »Don Mattrick ousted from Zynga, stock bombs
When Don Mattrick made a pig's ear of the Xbox One unveiling, suggesting that users without decent internet should just buy an Xbox 360 among other things, no one thought he would be hired on by another large gaming company, but that's exactly what happened. Just a short while after …
Read More »Nintendo partners with Japanese publisher for smartphone games
Nintendo has made a big stand in the past about continuing its console developments, releasing games based around its iconic characters on its flagship Wii U system with gusto, despite the home-system's struggles in the contemporary gaming landscape. And nothing has changed in that respect, but its old line that …
Read More »Apple’s worth now twice that of world’s second biggest company
Apple is far and beyond the biggest company in the world at the moment, with its market value of $774 (£501) billion taking it into the heady heights of some of the most valuable companies in history. While it might still be beaten out by the legends of the ages like the …
Read More »Samsung might be buying Blackberry
Blackberry, one of the long standing powerhouses in the mobile game until somewhat recently in its history, could well be bought out by Samsung. If that does go ahead, the rumoured figure is a staggering, $7.5 billion (£4.9 billion) but if so, it's unlikely to be for its place in …
Read More »Google reports weaker than expected third quarter results
Google reported its third quarter earnings last night, revealing a gross revenue of $16.52 billion, acquisition costs of $13.17 billion, GAAP earnings per share of $4.09 and non-GAAP earnings per share of $6.35. Those are some pretty strong numbers, but apparently they weren't strong enough for Wall Street as Google …
Read More »Mega shareholder assets frozen in money laundering investigation
It's amazing that even when Kim Dotcom isn't kicking up headlines with his extradition trial and its endless delays, or the freezing and unfreezing of his personal assets, his companies still manage to show up in the news. The latest story involves one of the largest shareholders in Mega.co.nz, the …
Read More »Amazon losses point to tough year ahead
Amazon is just one of those web entities that you assume is big enough to support itself almost indefinitely. It has the world's most recognisable web retail outlet and has its fingers in so many pies, something must be going well, right? Not so, as this last quarter it posted …
Read More »Kim Dotcom to float Mega on stock exchange for $210 milllion NZ
Internet entrepreneur and polarizing figure, Kim Dotcom, has announced that his latest file locker company, Mega, is going to be floated on the New Zealand stock exchange through a reverse takeover of already listed shell company, TRS Investments – though he will still need TRS shareholder approval. According to the …
Read More »Current PS4 pre-orders confirmed for Christmas delivery
Last week we reported that there may not be enough PlayStation 4 stock to go around, causing shortages for months after release. However, Sony has come out to reassure customers that they will get their PS4's before Christmas. Fergal Gara, Managing Director of Sony UK stated: “Everyone who has put …
Read More »HTC encounters serious supply problems with One Mini
Successful companies know how to build momentum. They inject interest into the market and motivate us to buy product that is available on the shelves. Mis-timing a launch is an expensive business, because you will have shot your powder too early and have no ‘bang' left when the product finally …
Read More »Biggest Dell shareholder calls for opening of books
The biggest shareholder outside of Dell, Southeastern Asset Management (SAM), has called on the computer firm to out its yearly books, making its financials available to all – ahead of what many are thinking will be a return to private ownership. SAM currently owns eight per cent of the PC …
Read More »EA drops off NASDAQ 100
EA Games has been dropped from the NASDAQ 100, a stock market index of the top 100 non-financial businesses that feature on the NASDAQ stock exchange, with other large firms Netflix and RIM also falling from grave. However, as some leave others must take their place and Facebook and Western Digital …
Read More »THQ is in real financial trouble
Forget the delays previously announced for upcoming THQ games, the company's future itself may be in jeopardy, as it's now being reported that its stock has taken a further near 50 per cent slump according to Reuters. This is a harsh blow for the company which has struggled to maintain …
Read More »AMD prepares to brief Wall Street as KitGuru makes its financial predictions
Around 5pm this Thursday, on the East Coast of America, AMD executives will pack like sardines into a conference call and thousands of interested parties from across the globe will ‘dial in' to hear the Q2 Earnings Call. But what will they be listening to? KitGuru makes some predictions. First …
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