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Business

“Verizon is pulling its advertising from Facebook”

“Telecom giant Verizon said Thursday it is pulling its advertising from Facebook, in what may be the biggest brand yet to join the #StopHateForProfit boycott. “We’re pausing our advertising until Facebook can create an acceptable solution that makes us comfortable… Continue Reading…

Business, Economy

“With cuts at Vice, Quartz, BuzzFeed, even media’s savviest digital players are hurting”

“The layoffs came swiftly last week. At Vice Media, 155 people lost their jobs. Quartz laid off 80. Condé Nast, publisher of glossy magazines like Vogue, cut 100 people. And as BuzzFeed furloughed staffers at its overseas divisions, its U.S.-based… Continue Reading…

Business

“Pinterest Generated Over $1 Billion in Revenue Last Year”

“Here are some highlights: Q4 Revenue: $400 million, +46% YOY, versus $371 million expected Q4 EPS: 12 cents, versus 8 cents expected Q4 Global Monthly Active Users (MAUs): 335 million, +26% YOY. Q4 GAAP Net loss: $36 million, 176% YOY Q4 ARPU (Average… Continue Reading…

Business

“Facebook and Google Are No Longer Among the 10 Best Places to Work, According to Glassdoor”

“Here’s some news that Facebook is not going to “like.” The social media giant has lost its coveted status as the best place to work, and its competitor Google isn’t doing much better, according to Glassdoor’s annual ranking of the Best… Continue Reading…

Stocks

“Twitter stock tumbles 20% after company says advertising bugs weighing on earnings”

“Twitter Inc. shares were tanking in premarket trading Thursday after bugs in the company’s advertising platform led to misses across the board on its financial metrics, even as user growth proved more rapid than expected. The stock was off nearly… Continue Reading…