Monthly Archive:: July 2014

Twitter Posts Jump in Revenue as Active Users Increase 24 Percent

Twitter shares shot higher by some 30 percent Tuesday after its quarterly report showed surprisingly strong revenue and user growth, despite a widening loss. The popular one-to-many messaging service said its quarterly loss widened to $145 million

Facebook to Shut Down ‘Gifts’ Service in August

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

Amazon Counters Flipkart, Announces Additional $2 Billion Investment in India

A day after Indian e-commerce company Flipkart announced it had raised $1 billion in funding, the biggest ever by an e-commerce firm in India, and the second biggest round of funding worldwide this year, Amazon has announced

Facebook Extends Closing of WhatsApp Acquisition by a Year

Social networking giant Facebook has extended by a year the closing of its landmark $ 19 billion deal to acquire instant messaging app WhatsApp. The California-based firm will have to pay WhatsApp $ 1 billion in cash

‘India Should Be More Aware of Cyber-Security Threats’

India should be more aware of cyber-security threats and the time to act in this regard is now, an Israeli security solutions firm has said even as it averred that the two countries have many common “opponents”.