The report from Standard & Poor’s found that contrary to popular belief, lower spending has spurred California’s economic recovery, and not higher revenues.
Supporters of a tax break intended to lure Twitter to San Francisco’s blighted mid-Market neighborhood are pointing to a new report as an indicator of its success.
The automaker posted a net profit of $1.38 billion, or 81 cents per share, from July through September.
Twitter is rolling out a feature allowing users to buy products with the push of a button.
SoundCloud will start paying artists and record companies whose music appears on the popular streaming site.
Stronger revenue from Twitter sent the company’s stock up 21 percent in early trading Wednesday.
Airbnb began collecting hotel taxes Tuesday for all of its reservations in Portland, Oregon and is expected to soon do the same in San Francisco.
Yahoo! appears to be getting ready to launch a new video service aimed at challenging YouTube by tapping into their viewers, while paying content creators more for ad traffic than the Google-owned company.
Apple plans to buy back an additional $30 billion of its stock, raise its quarterly dividend by 8 percent and split its stock for the first time in nine years.
Facebook’s first-quarter earnings and revenue grew sharply, surpassing Wall Street’s expectations thanks to an 82 percent increase in advertising revenue.