Twitter’s battered shares dipped below their IPO price on Thursday as investors worry about the company’s ability to grow its user base.
The world’s largest online social network surpassed expectations on all fronts in the second quarter. It grew not just profit and revenue, but also its already-massive user base and mobile advertising, as well as usage of its “family” of non-Facebook apps like Instagram, Messenger and WhatsApp.
LinkedIn’s stock is pulling itself back up off the matt this week after a steep drop from its all time highs reached earlier this year.
While Twitter has limited users to messages of 140 characters or less since its inception, the social networking giant is allowing users to say a little more when they retweet others’ messages.
Facebook’s Messenger app is evolving into a multitasking tool equipped to send an animated fist bump to a friend at one moment and then get a little business done in the next.
Facebook is making it easier for its 1.4 billion users to look back and reminisce on the social network, with a new feature that will bring posts from years ago back to the surface.
Asked at a town hall event at the Mobile World Congress in Barcelona, Spain, if the world’s biggest social network had ambitions outside of social media and the Internet, CEO Mark Zuckerberg said Facebook is “pretty focused.”
Shuttle drivers who take Facebook employees to and from work have reportedly approved a union contract offering higher pay and more benefits, a victory in organized labor’s effort to unionize workers in Silicon Valley.
For the seventh quarter in a row Facebook beat profit and revenue forecasts, continuing to win more mobile advertising revenue as most users shift to using the site on smartphones and other portable devices.
Facebook said the outage that made its social media sites inaccessible worldwide for about an hour Tuesday was self-inflicted.