Tag Archives: Billion

Toshiba Signs Deal to Sell Chip Unit to Bain-Led Group for $18 Billion

HIGHLIGHTS Toshiba has signed chip unit deal worth $18 billion with Bain Capital LP It was earlier in talks with Apple that later demanded new terms Bain’s consortium also includes Dell, Seagate Japan’s Toshiba Corp said on Thursday it had signed an $18 billion deal to sell its chip unit to a consortium led by Bain Capital LP, overcoming a key – albeit not ... Read More »

Credit Suisse believes the market ‘underappreciates’ this tech giant worth more than $200 billion

Mark Hurd, CEO, Oracle Oracle will succeed in transitioning its software businesses to the cloud, according to one Wall Street firm. Credit Suisse on Tuesday initiated coverage of the company with an outperform rating. “We believe the market underappreciates the staying power of Oracle’s technology stack and upside opportunities in the cloud,” analyst Brad Zelnick wrote in a note to clients. ... Read More »

Market for tech systems to fight terror bombs on track to top $2 billion by 2022

Manpreet Romana | AFP | Getty Images A US Marine of 2nd Marine Expeditionary Brigade runs to safety moments after an IED blast in Garmsir district of Helmand Province in Afghanistan on July 13, 2009. The global war on terror is fueling demand for robotic and other technology that can defeat or detect improvised explosive devices, or IEDs. The counter-IED ... Read More »

Facebook Now Has 2 Billion Users, Mark Zuckerberg Reveals

Facebook said Tuesday it now counts two billion active monthly users, as the social giant’s founder Mark Zuckerberg highlighted his new mission – not just connecting people, but helping them find common ground. “As of this morning, the Facebook community is now officially 2 billion people!” Zuckerberg wrote in a post marking the milestone. “We’re making progress connecting the world, ... Read More »

Tackling abuse on social media is a monumental task – but billion dollar companies should be up to it

Facebook, Twitter, and other social media companies have faced criticism over their moderating CREDIT: JUSTIN TALLIS/AFP/GETTY IMAGES Much of the activity which makes up our lives online is conducted in public. The giant social media platforms – Facebook, Twitter, Youtube – are all to some extent designed around similar principles; they thrive on open, instant, global participation. The processes of ... Read More »

Mobile Marketing Will Generate $400 Billion in Sales by 2015

If you sell directly to U.S. customers or provide marketing services to clients who do, pay attention. A recent report says a growing mobile market is already generating billions in U.S. sales. And businesses are also spending billions to market to customers via mobile channels. The Mobile Marketing Association, a global trade association for the mobile marketing industry, says those numbers ... Read More »

Snapchat’s Parent Company to Spend $1 Billion on Amazon Web Services

Snap Inc, owner of the popular Snapchat app, said it expected to spend $1 billion (roughly Rs. 6,689 crores) over the next five years to use Amazon.com’s cloud services, in addition to the $2 billion cloud contract it already has with Google. Snap may eventually invest in building its own infrastructure, it said on Thursday, in an amendment to a ... Read More »

Facebook Hits 1.86 Billion Monthly Active Users as Earnings Surge

Facebook Hits 1.86 Billion Monthly Active Users as Earnings Surge HIGHLIGHTS Facebook said it made a net profit of $3.7 billion Daily active users went up to 1.23 billion India was a hot market in the fourth quarter Facebook shares bounced Wednesday with word that profit more than doubled in the final quarter of last year, coming back down after ... Read More »

WhatsApp Used to Send a Record 14 Billion Messages on New Year’s Eve in India

WhatsApp Used to Send a Record 14 Billion Messages on New Year’s Eve in India HIGHLIGHTS 3.1 billion images, 700 million GIFs, and 610 million videos were sent WhatsApp recently rolled out the ability to share GIF images WhatsApp has more than 160 million monthly active users in India On New Year’s Eve, 14 billion messages were exchanged through WhatsApp ... Read More »

Mobile Marketing Will Generate $400 Billion in Sales by 2015

If you sell directly to U.S. customers or provide marketing services to clients who do, pay attention. A recent report says a growing mobile market is already generating billions in U.S. sales. And businesses are also spending billions to market to customers via mobile channels. The Mobile Marketing Association, a global trade association for the mobile marketing industry, says those numbers ... Read More »