(Reuters) – A report claiming that Twitter Inc received an offer to be acquired for $31 billion attributed to Bloomberg LP is fake, Twitter and a spokesman for the news and financial data provider said on Tuesday.
Read moreApple introduced its mobile payments service to Britain on Tuesday as Barclays confirmed its participation in the U.S. tech giant's move to capitalize on the increasing number of consumers who are comfortable making tap-and-go purchases
Read moreNEW YORK (Reuters) – The web site carrying a false report out Tuesday on a Twitter takeover approach, bloomberg.market, was registered on July 10, according to a domain search on the Internet Corporation for Assigned Names and Numbers. According to whois.icann.org, the registrant’s mailing address was listed as a Post Office Box in Panama.
Read moreShares of LinkedIn Corp, operator of the most popular social network for professionals, fell 20 percent in early trading on Friday, wiping out more than $6 billion of market value, after the company slashed its full-year forecast. LinkedIn reported on Thursday its slowest quarterly revenue growth since it went public four years ago. The surprisingly weak results followed Twitter Inc's on Tuesday.
Read moreOnline music streaming service Grooveshark, admitting “very serious mistakes,” shut down its operations as part of a settlement with major record labels, joining the ranks of several now-defunct peers sued over copyright infringement. In a message posted to its website on Thursday, Grooveshark said that “despite (the) best of intentions, we made very serious mistakes
Read moreTwitter Inc reported quarterly revenue that fell short of Wall Street estimates and cut its full-year forecast because of weak demand for its new direct response advertising, sending shares down as much as 24 percent on Tuesday. Twitter forecast 2015 revenue of $2.17 billion to $2.27 billion, down from its earlier forecast of $2.3 billion to $2.35 billion.
Read moreIAC/InterActiveCorp reported a higher-than-expected quarterly profit as subscription revenue rose from its dating websites and the company said user response to the paid version of its Tinder dating app was better than it had anticipated. Shares of the company, whose chairman is media mogul Barry Diller, rose about 2 percent in extended trading on Tuesday
Read more(Reuters) – Micro-blogging website Twitter Inc had lower-than-expected quarterly revenue, according to market data firm Selerity, which revealed the earnings numbers before the company's scheduled announcement. Twitter, which allows users to broadcast 140-character messages, had revenue of $436 million in the first quarter, according to Selerity. Excluding items, the company earned 7 cents per share, Selerity said on its Twitter page.
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