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Reuters:
Spotify meets expectations in Q3 with revenue of €1.35B, up 31% YoY, adds 4M premium subscribers for a total of 87M, and reports 191M total MAUs; stock down 6%+   —  LONDON/STOCKHOLM (Reuters) - Spotify (SPOT.N), the world's most popular paid music streaming service …
Nov 1, 2018, 7:15 AMIn context
Reuters:
German broadcaster ProSiebenSat.1 buys eharmony, report says at $85M valuation, two years after buying majority stake in dating agency Parship   —  FRANKFURT/MUNICH (Reuters) - Germany's ProSiebenSat.1 Media said on Monday it had bought U.S. online dating site eharmony, in the first significant deal since …
Oct 30, 2018, 9:15 PMIn context
Cate Cadell / Reuters:
Baidu beats Q3 estimates with total revenue of ~$4.1B, up 27% YoY from ~$3.4B, and net income of ~$1.8B, up 56% YoY   —  Cate Cadell, Jane Lanhee Lee  —  (Reuters) - Traffic growth on Baidu Inc's mobile app helped drive higher-than-expected third quarter revenue as China's biggest search …
Oct 30, 2018, 7:40 PMIn context
Makiko Yamazaki / Reuters:
Sony reports Q2 profit of $2.1B, up 17% YoY, on revenues of $19.5B, up 6% YoY, and boosts annual profit outlook by 30% to $7.7B   —  TOKYO (Reuters) - Japan's Sony Corp boosted its annual profit outlook by 30 percent to a record level after a strong second-quarter, propelled by popular game titles like …
Oct 30, 2018, 8:00 AMIn context
Gertrude Chavez-Dreyfuss / Reuters:
South Korea-based NXC, which owns local cryptocurrency exchange Korbit, has acquired Bitstamp, EU's largest cryptocurrency exchange by volume   —  NEW YORK (Reuters) - NXMH, a Belgium-based investment company, has acquired digital currency exchange Bitstamp in an all cash deal …
Oct 29, 2018, 8:55 AMIn context
David Shepardson / Reuters:
Trump signs memo asking Department of Commerce to develop a national spectrum strategy for 5G and is creating a White House Spectrum Strategy Task Force   —  WASHINGTON (Reuters) - U.S. President Donald Trump on Thursday signed a presidential memorandum directing the Commerce Department …
Oct 25, 2018, 1:20 PMIn context
Reuters:
Ireland says it will restrict short-term rentals like Airbnb starting June in an effort to tackle a severe housing shortage   —  DUBLIN (Reuters) - Ireland will tackle a severe housing shortage in booming cities such as Dublin by regulating short-term lettings and home-sharing sites such as Airbnb …
Oct 25, 2018, 11:20 AMIn context
Heather Somerville / Reuters:
Sources describe problems at GM's Cruise self-driving car unit, which has had delays, issues with software, and more, after landing $5B in investments   —  SAN FRANCISCO (Reuters) - It's one of the biggest bets going in the world of cars.  —  Since May, General Motors Co …
Oct 24, 2018, 1:30 PMIn context
Reuters:
AT&T reports a surprise net addition of 69,000 phone subscribers in Q3, but misses expectations with net income of $4.7B on revenue of $45.74B; stock down 6%+   —  (Reuters) - AT&T Inc posted a surprise gain in U.S. wireless subscribers on Wednesday but quarterly profit rose less than expected …
Oct 24, 2018, 10:05 AMIn context
Paresh Dave / Reuters:
Facebook says its AI tools helped moderators remove 8.7M user-posted images of child nudity during the last quarter   —  SAN FRANCISCO (Reuters) - Facebook Inc (FB.O) said on Wednesday that company moderators during the last quarter removed 8.7 million user images of child nudity with the help …
Oct 24, 2018, 9:30 AMIn context

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