Paris, France | AFP | Saudi Arabia’s global investment reach is impressive, stretching from stakes in Twitter and Uber to AccorHotels and Virgin Galactic — but the Khashoggi affair has thrown a harsh spotlight on its economic footprint. The following is a synopsis of the Kingdom’s investment portfolio. A 2017 …
Read More »Twitter tops earnings estimates, lifting shares
Washington, United States | AFP | Twitter reported Thursday stronger-than-expected profits and revenues in the third quarter, igniting a strong rally in shares of the key social network. The San Francisco group delivered a $789 million profit, including one-time gains, compared to a net loss of $21 million in the …
Read More »Twitter rooting out fake accounts at record rate: report
San Francisco, United States | AFP | Twitter has been suspending more than one million fake and dubious accounts per day, according to The Washington Post, in an aggressive bid to stem the flow of false information. The social media platform has more than doubled its crackdown rate since late …
Read More »Twitter urges users to change ‘unmasked’ passwords
San Francisco, United States | AFP | Twitter on Thursday urged its more than 300 million users to change their passwords, saying they had been unintentionally “unmasked” inside the company by a software bug. The social media site said it found no sign that hackers accessed the exposed data, but …
Read More »Twitter momentum grows with second straight profit quarter
Washington, United States | AFP | Twitter reported its second consecutive quarterly profit Wednesday in a positive sign for the short messaging service after years in the red. The San Francisco-based social network earned $61 million in the first three months of the year, boosted by strong growth in advertising revenue …
Read More »Twitter shares plunge on Israel warning; Facebook dives
New York, United States | AFP | Twitter shares were hammered Tuesday at midday following reports that Israel was weighing action against the company, adding to the growing woes of social media stocks. Near 1800 GMT, Twitter shares were down 12.0 percent at $30.79 following comments by Israeli Justice Minister Ayelet …
Read More »Twitter-blocked by Trump? Judge hears ‘free-speech’ case
New York, United States | AFP | A New York judge sought to avoid a testy tech-age free-speech showdown between Donald Trump and people blocked from his Twitter account Thursday, proposing the president just mute rather than block them. In a unique case given rise by Trump’s relentless use of …
Read More »Twitter sets crackdown on automated and fake account
San Francisco, United States | AFP | Twitter announced Wednesday a crackdown on accounts powered by software “bots” which can artificially amplify a person or cause and which have been accused of manipulating the social network during the 2016 US election. The San Francisco messaging platform said the move was …
Read More »Facebook, Twitter not fully complying with consumer rules: EU
Brussels, Belgium | AFP | The European Commission said Thursday that certain social media companies need to do more to fully comply with EU consumer rules, singling out in particular Facebook and Twitter. “While Google’s latest proposals appear to be in line with the requests made by consumer authorities, Facebook …
Read More »Twitter hits milestone with first-ever profit
Washington, United States | AFP | Twitter on Thursday reported its first-ever quarterly profit, a key milestone that sent shares soaring at the social network which has lagged for years behind fast-growing rivals. The San Francisco-based one-to-many microblogging service said it earned $91 million in the fourth quarter, the first …
Read More »