Last week, San Francisco-based Twitter announced first quarter revenue of $250 million, but saw slowed growth in active users. Since that report, stock price has been hit hard. For the year it’s now down 42 percent.
LinkedIn (LNKD) suffered a first-quarter loss as the online professional networking service ramped up its investments in projects aimed at attracting more users on the lookout for better jobs and career advice.
Twitter shares were at an all-time low in after-hours trading Tuesday after earnings results that indicated active monthly users of the messaging service were not growing as anticipated.
LinkedIn CEO Jeffrey Weiner’s compensation rose about 42-fold in 2013 amid big gains in the professional networking service’s stock price.
Even before the latest branch of Madame Tussaud’s famed wax museum officially opens on San Francisco’s Fisherman’s Wharf, one of tech’s biggest name has checked in at the wax statue museum.
The professional networking company LinkedIn has signed a lease for an entire 26-story building under construction in San Francisco.
Hillary Rodham Clinton said Tuesday that if Silicon Valley executives want to persuade Congress to let them hire more high-skilled professionals from abroad, they would have a better case if they also funded college-based training programs for U.S. workers.
Facebook CEO Mark Zuckerberg reaped a $3.3 billion gain last year by exercising stock options in the social networking company that he founded in a Harvard dorm room.
Facebook has agreed to buy Oculus for $2 billion, betting that its virtual reality technology may be a new way for people to communicate, learn or be entertained.
Turkey restricted access to Twitter on Friday hours after Prime Minister Recep Tayyip Erdogan threatened to “root out” the social media network where wiretapped recordings have been leaked, damaging the government’s reputation ahead key local elections this month.