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Wednesday, February 5, 2014

Technology Report: Twitter reports lackluster user growth, $243 million revenue

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02/5/2014
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Twitter reports lackluster user growth, $243 million revenue
SAN FRANCISCO (Reuters) - Twitter Inc reported anemic user growth during the final three months of 2013, sending shares sinking after its first quarterly report as a public company.
Google avoids fine with EU antitrust deal
BRUSSELS (Reuters) - Google agreed to make concessions on how it displays competitors' links on its website on Wednesday, in a deal with the European Union regulator that ended a three-year antitrust probe and avoided a fine.
Google taps longtime executive Wojcicki to head YouTube
SAN FRANCISCO (Reuters) - Google Inc executive Susan Wojcicki has been appointed new head of the company's YouTube video business, a source familiar with the matter told Reuters.
Exclusive: Tele2 seeks lifeline in Norway through Access talks
PARIS/LONDON (Reuters) - Tele2, which lost a December auction for the mobile spectrum it needs to run its Norwegian network, is in deal talks with the winner, Access Industries, in a bid to salvage its local operation, said four people familiar with the matter.
Yelp's quarterly revenue rises 72 percent
(Reuters) - Consumer review website Yelp Inc posted a 72 percent rise in quarterly revenue, helped by strength in its mobile advertising businesses and the addition of more customers.
U.S. firms lax with data security, Illinois official tells Congress
WASHINGTON (Reuters) - U.S. companies that have fallen prey to hackers, exposing the private information of millions of customers, have often failed to take basic security precautions to protect client data, Illinois Attorney General Lisa Madigan told a House of Representatives committee hearing on Wednesday.
3D Systems profit warning rekindles 3D printer bubble fears
(Reuters) - 3D Systems Corp slashed its profit estimate for 2013, reviving fears of a bubble in the 3D printing industry and sending its shares down as much as 28 percent.
Exclusive: Former HP stars Bradley, Donatelli on brink of exit - sources
NEW YORK/SAN FRANCISCO (Reuters) - Two of Hewlett-Packard Co's most powerful executives, until they were sidelined by CEO Meg Whitman, are preparing to leave the company in the coming weeks, several sources say.
U.S. mobile data traffic to jump nearly eight-fold by 2018: Cisco
WASHINGTON (Reuters) - The volume of data crossing U.S. mobile networks will grow almost eight-fold by 2018, and demand for Internet-connected devices will also skyrocket, according to a report released on Wednesday that poses questions about U.S. spectrum policy.
Cognizant sees revenue below Street, shares fall
(Reuters) - Cognizant Technology Solutions Corp forecast 2014 revenue below analysts' expectations, raising concerns that the IT services provider's scorching growth may be cooling off.
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