Five months ago, Facebook Inc began trying to transform its picture-sharing app, Instagram, into a money-making business. Since then, Instagram has attracted more than 200,000 advertisers, the company announced Wednesday, a clear sign of its potential for significantly contributing to Facebook’s revenue. Instagram opened its platform to a couple of hundred advertisers in June, the company said, and by September ... Read More »
Facebook Messenger has been one of the social media giant’s most widely used apps. The company has been updating and bringing new features for the Messenger app in order to increase its active users and overall user base. While the Facebook Messenger last month got multiple account support, it now has received Spotify integration as well. In addition, according to ... Read More »
Aim-listed tiddler Imaginatik leapt almost 70 per cent after Rob Terry’s investment vehicle confirmed a Daily Mail market report revealing he had begun re-building a stake in the software consulting company. Quob Park Estate said via the regulatory news service that it now owns 5.36 per cent of Imaginatik. Terry’s stake-building in Imaginatik is likely to continue although sources said he ... Read More »
Tech Market Snapshot: Wearable owners unimpressed with apps, UK firms shifting to hybrid IT We roundup the latest news from IT analysts and firms to see which tech categories have been doing well, which haven’t, and what’s forecast to be big in the near future. Wearable tech owners unimpressed with corresponding apps A new report from Argus Insights shows that ... Read More »
The US market for tech IPOs has totally frozen over. Zero Internet or tech companies went public on US exchanges in the first quarter of 2016. The last time that happened was in the first quarter of 2009, during the depths of the Great Recession, according to data from Dealogic. Just two years ago, the picture looked quite different. In ... Read More »
After technology stocks helped a choppy market rise Tuesday, “Fast Money” traders debated whether some growth names were worth their cost. The major U.S. averages closed the session higher, recovering from a lower open after Fed Chair Janet Yellen took a cautious tone on policy in an afternoon speech. Facebook, Microsoft and Netflix shares rose more than 2 percent each ... Read More »
Image from Shutterstock.com When it comes to IT spending, a recent research report reveals that Canadian tech spending is relatively flat, topping $93 billion this year. According to Forrester Research Inc., this represents an increase of only 3.3 per cent, compared to five per cent in the 2015. The report, titled The Canadian Tech Market Outlook For 2016-2017, reveals that this ... Read More »
Tech Market Snapshot: 3D printer market up, semiconductor revenue down, ‘huge opportunity’ for mobiles We roundup the latest news from IT analysts and firms to see which tech categories have been doing well, which haven’t, and what’s forecast to be big in the near future. Global 3D printer market up 19% in Q4 2015 Worldwide shipments of 3D printers rose ... Read More »
Image Credit: Lumen Photos / Shutterstock Historically, mature private companies relied on “growth” or late-stage venture firms for their last round, or rounds, before filing for IPO. That ecosystem has been disrupted over the last few years as large public market focused investors entered the space. But just as the big money players flooded into the market, current economics are ... Read More »
Only about a fifth of India’s roughly 1.2 billion people are online, according to a recent Pew Research Center report, and the world’s biggest technology companies are clamoring for this large, untapped user base. Facebook recently tried (and failed) to implement its“Free Basics” internet program, and Google is also vying for the vast Indian internet market. India lags behind other ... Read More »
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