Social network Twitter has acquired payments infrastructure firm CardSpring for an undisclosed sum. The San Francisco-based startup develops a web service API that makes it easy for payment companies and point-of-sale vendors to work with developers to create card-linked services.
Facebook has reported third quarter results, again showing strongest year-on-year growth in mobile, where daily active users (DAUS) rose by 39% to 703 million, while overall daily users rose 19% to 864 million DAUS.
Twitter and SoundCloud have teamed up to bring music to tweeters through Audio Cards, a feature that allows streaming audio and podcasts to the social network’s Android and iOS apps. The app, which is already present in iTunes and SoundCloud, works by a single tap and listeners can continue to use Twitter while streaming.
Social media platform Twitter said Friday that Ali Rowghani has resigned from his position as Chief Operating Officer. The company did not give a reason for the departure but it is thought that investors were disappointed with Rowghani’s failure to grow user numbers significantly.
As the Informer was routinely deleting his morning email today he overheard one of his colleagues exclaim that they had just downloaded “a really great album of Crowded House covers.” Now the Informer is not normally one to judge but that’s a sentence he never expected to hear. The only real exposure the Informer has had to the Aussie chart toppers is those two songs that everybody knows and that was only because an ex-housemate, who had the worst music taste in the world, had a big crush on them.
Social media darling Twitter reported a net loss of $132m for the first quarter of 2014, up considerably from the $27m loss for the same period last year. Revenues for the same period jumped over 119 per cent however, to $250m, versus $114m a year ago.
Google, Microsoft and Facebook are among eight leading cloud and tech firms calling for sweeping reform in how US intelligence agencies gather data in bulk and restrict the ability of service providers to inform their customers on the extent and nature of government requests for such data, according to an open letter published by the group today.
German carrier Deutsche Telekom has announced a strategic partnership with Twitter, allowing subscribers with selected Android smartphones to keep up with the social site directly from their home screen. The service will launch next year, initially in Germany, the Netherlands, Romania, Greece and Croatia.
Apple has acquired social media analytics company Topsy in a deal reportedly worth around $200m, it was revealed Tuesday. With one of the few companies with privileged access to all of Twitter’s data now in Apple’s arsenal, the move could signal a renewed push into the enterprise as well as bolstering its consumer proposition.
There’s plenty of stuff in this world the Informer doesn’t understand and how companies that make no money can rake it in from a stock market floatation is one of them. The Twitter founders buzzed the bell at the New York Stock Exchange on Thursday and released 70 million shares to the frenzied masses. Despite opening at $26, the market closed at almost $45, with the company reflecting a market value of more than $31bn. The company’s valuation ahead of the IPO was closer to $17bn.
With Twitter’s IPO set to go live later today the company has priced its shares at $26 each, higher than the expected range of $23-25. With 70 million shares on offer the company is looking to score around $1.8bn in proceeds with a 30 day option for another 10.5 million shares to be sold.
Microblogging site Twitter has launched a feature to help its users receive important and accurate information from credible organisations during emergencies, natural disasters and times when other communications services aren’t accessible.
Microblogging site Twitter has announced it has agreed to acquire mobile-focused advertising exchange MoPub. MoPub’s technology lets mobile application publishers manage inventory and optimise multiple sources of advertising, such as direct ads, house ads, ad network, and real-time bidding, through the MoPub Marketplace, in a single product.
Social network Twitter is on the hunt for almost 90 engineers and while many of the positions are focused on traditional remits like Android, Linux, and Cloud, several other roles up for grabs seem to indicate that the company is preparing for an IPO.
Mobile operators are increasingly seeing the value of partnering with Over The Top (OTT) service providers to mutual benefit. This week Indian carrier Reliance Communications struck a deal with social network Twitter to effectively subsidise data access for a limited period of time.
The CEOs of Apple and Samsung, Tim Cook and Choi Gee-sung, have agreed to hold settlement talks to try to resolve a patent lawsuit over smartphone and tablet technology, according to a court filing. Meanwhile, Twitter has announced that it will begin a policy of not using patents as a tool to impede the innovation of others.
Social network Twitter has acquired microblogging platform Posterous for an undisclosed sum. Posterous offered similar, but less well known services. The purchase appears to be focused on the talent pool available at the company.
Social site Twitter has acquired a small mobile security firm specialising in secure tools for Android. The purchase seems a strange fit but it has been suggested that the talent that comes with the company is what Twitter is really after.
The number of mobile text, picture and video messages sent worldwide will surpass 7.5 trillion in 2011, according to research firm Ovum, marking a 12.5 per cent increase on the 6.7 trillion sent last year.
Startup social network analytics engine Backtype has been acquired by Twitter for an undisclosed sum, giving users of the micro blogging platform greater insight an accountability of their social initiatives.