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Month: January 2018

EBay Q4 falls short on sales of $2.6B, EPS in line at $0.59, full year revenues of $9.6B

Ingrid Lunden

EBay Q4 falls short on sales of .6B, EPS in line at {$title}.59, full year revenues of .6B EBay reported its Q4 and full-year earnings after market close today, where it reported sales of $2.6 billion and adjusted earnings per share of $0.59 for the quarter (versus $0.54 a year ago), and $9.6 billion in revenues for the year. While the holiday season, which fell into the quarter that ended December 31, is traditionally a huge time for e-commerce companies, in the case of this e-commerce giant, it fell short: analysts…

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Shutterfly stock hits all-time high after snapping up the leader in kids’ class photos

Jonathan Shieber

Shutterfly stock hits all-time high after snapping up the leader in kids’ class photos One day after announcing strong earnings and the massive strategic acquisition of the leader in yearbook and school photos, Shutterfly is watching its shares soar. It’s quite a turn for a company that just over a year ago was staring at a massive new market competitor in Amazon, whose entry into the personalized photo sharing market caused Shutterfly’s stock to tumble. By buying Lifetouch for $825 million, Shutterfly not only gets the leading photo service for those adorably cute (or…

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Breaking News 

Larry Nassar case: USA Gymnastics doctor 'abused 265 girls'

Huffington News

Larry Nassar case: USA Gymnastics doctor 'abused 265 girls' The number of known sexual abuse victims of former USA Gymnastics doctor Larry Nassar has grown to 265, a Michigan judge has said. At least 65 victims are set to confront Nassar, 54, in court this week in the last of three sentencing hearings, prosecutors say. He was sentenced last week to 40 to 175 years in prison after nearly 160 women testified that he had molested them. His victims included Olympic gold medal winners Aly Raisman and Jordyn Wieber. Nassar…

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Twitter now says 1.4 million people interacted with Russian trolls during 2016 presidential campaign

Sarah Buhr

Twitter now says 1.4 million people interacted with Russian trolls during 2016 presidential campaign Twitter has now updated the number of people engaging with Russian trolls during the 2016 presidential campaign to 1.4 million. That’s more than double the initial 677,775 Twitter originally said had seen, followed or retweeted one of these accounts earlier this month. The new number reflects those who may have also replied to or @ mentioned these accounts. “We have expanded the number of people notified about interactions with Twitter accounts potentially connected to a propaganda…

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UK and EU set for clash over citizens' rights during transition

Huffington News

UK and EU set for clash over citizens' rights during transition WUHAN, China (Reuters) - Prime Minister Theresa May has warned that European citizens arriving in Britain after Brexit next year may lose some rights, setting up a clash with the European Union over their treatment during any transition period. Curbing immigration was a key reason why Britons voted to leave the EU in 2016, following a large influx of EU citizens, especially from poorer countries in eastern Europe. The European Union has warned Britain that it must accept all…

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Tottenham ease to win over Manchester United in front of record crowd

Huffington News

Tottenham ease to win over Manchester United in front of record crowd Jan 31 (Reuters) - Tottenham Hotspur solidified their top- four credentials with a dominant 2-0 win over Manchester United in front of a Premier League record crowd at Wembley on Wednesday. Christian Eriksen gave the hosts the lead after 11 seconds, the second fastest goal in Premier League history. Slideshow (2 Images) United’s woeful defending was exposed again for Tottenham’s second, Phil Jones turning the ball into his own net after 27 minutes. The win lifted Tottenham two…

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Politics 

Brexit: Theresa May to fight EU transition residency plan

Huffington News

Brexit: Theresa May to fight EU transition residency plan Theresa May has indicated she will fight a proposal to give EU citizens moving to the UK during the transition period after Brexit residency rights. The PM, who is in China, said there had to be a “difference” between people from around the continent coming to the UK while it is still a member of the bloc and those who move after it exits. She also sought to reassure Tory MPs worried over the length of transition. Earlier this week, the…

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Business 

Facebook profits rise despite tax hit

Huffington News

Facebook profits rise despite tax hit Facebook will pay $2.3bn (£1.6bn) in unexpected taxes as a result of the tax overhaul the US approved last year. Despite the hit, the firm’s quarterly profits increased 20% year-on-year to nearly $4.3bn. The figures underscored Facebook’s strong financial position, in spite of the criticism it has faced over fake news and other issues. Facebook boss Mark Zuckerberg called 2017 “a strong year … but … also a hard one”. Mr Zuckerberg said the company was making changes that reduce how much time people…

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Facebook's user engagement dips on News Feed tweaks; shares fall

Huffington News

Facebook's user engagement dips on News Feed tweaks; shares fall (Reuters) - Facebook Inc (FB.O) reported a 47 percent jump in quarterly revenue on Wednesday, as the social media company’s mobile ad business got a boost from its focus on videos and improved targeting. Total advertising revenue was $12.78 billion (9.02 billion pounds) in the fourth quarter ended Dec. 31, compared with analysts’ estimate of $12.30 billion, according to Thomson Reuters I/B/E/S. Mobile ad revenue accounted for 89 percent of the total ad sales, up from 84 percent a year…

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