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Stock market live blog: Facebook soars; Exxon Mobil disappoints; GDP grows 3.2%

2014-01-30 17:02:12| Chemicals - Topix.net

We're live-blogging the action in the stock market. Facebook opens at a record high after a knockout earnings report, while blue-chip Exxon Mobil is under pressure after revenues miss forecasts.

Tags: blog live market stock

 

Ellison: Facebook is new model for business applications

2014-01-30 14:30:46| InfoWorld: Top News

Modern business applications need a social network at their core and should be so easy to use that even a CEO can figure them out. So said Larry Ellison, CEO of Oracle, in a pitch for his company's software and cloud services in San Francisco on Wednesday."Our user interface is modeled after Facebook, something that doesn't require learning," Ellison said of Oracle's newest cloud software.

Tags: business model applications facebook

 
 

Facebook sees apps in its future ... lots of apps

2014-01-30 14:12:10| InfoWorld: Top News

Imagine using a separate Facebook app just for sharing status updates with your closest friends, or maybe co-workers. In the next few years, such an app could exist. Facebook, in an effort to divvy up its service, is looking to develop a range of new standalone apps to let people connect with others and share content, perhaps in new ways beyond how they do already.

Tags: of future lots sees

 

Facebook asserts its success on mobile with another strong quarter

2014-01-30 13:26:36| InfoWorld: Top News

More than half of Facebook's ad sales came from mobile devices in the fourth quarter, showing continued strength in the site's ability to monetize its service on smaller screens. Total revenue for the quarter ended Dec. 31 was $2.59 billion, a 63 percent increase from the same period the previous year, the company reported Wednesday. Facebook's sales beat analysts' expectations of $2.33 billion, as polled by Thomson Reuters.

Tags: mobile strong success quarter

 

Facebook Q4 revenues up 63% on growth in mobile

2014-01-30 08:39:00| Telecompaper Headlines

(Telecompaper) Facebook reported fourth-quarter sales up 63 percent from a year earlier to USD 1.59 billion. Ad revenue rose 76 percent to USD 2.34 billion, of which 53 percent came from mobile services, more than double the share a year earlier. Despite a strong increase in staff and infrastructure costs, Facebook saw its operating profit double year-on-year, to USD 1.13 billion from USD 523 million. The operating margin improved to 44 percent from 33 percent in Q4 2012. Net profit jumped to USD 523 million or 20 cents a share, from USD 64 million or 3 cents a share a year ago. The company generated free cash flow of USD 2.85 billion over the full year and ended 2013 with total cash of USD 11.45 billion. Facebook a further rise in daily active users on the social network, to an average 757 million in December 2013, an increase of 22 percent year-over-year. Mobile daily active users rose 49 percent to 556 million. On a monthly basis, the site had 1.23 billion average users, an increase of 16 percent, and 945 million mobile users, up 39 percent year-over-year.

Tags: mobile growth revenues facebook

 

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