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Pandora to cut 5 percent of jobs

January 31, 2018 Alex 0

(Reuters) – Pandora Media Inc will cut 5 percent of its workforce and take other measures to save costs, as it battles intense competition in the online music streaming market.

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EBay Q4 falls slightly short on sales of $2.6B, EPS in line at $0.59, full-year revenues of $9.6B

January 31, 2018 Alex 0

EBay reported its Q4 and full-year earnings after market close today, where it reported sales of $2.6 billion and adjusted earnings per share of $0.59 for the quarter, and $9.6 billion in revenues for the year. While the holiday season is traditionally a huge time for e-commerce companies, in the case of this e-commerce giant, it fell just short of meeting estimates. Read More

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Engine Biosciences raises $10 million in Southeast Asia’s largest institutional seed round

January 31, 2018 Alex 0

Life sciences startups in Asia are getting another boost with the $10 million investment in Engine Biosciences — a biotech company that’s applying machine learning to genomics for drug discovery. With its headquarters in both Singapore and San Francisco, the company has managed to attract some impressive investors from both the U.S. and Asia. The round was co-led by Danhua… Read More

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Oops! Don’t say ‘Google’ in your Alexa voice app, Amazon said

January 31, 2018 Alex 0

The competition between Alexa and Google Assistant is fierce. How fierce? Cover all of Las Vegas in Google Assistant ads for CES fierce? Put voice assistance in weird things like a light switch or a fridge fierce? How about “don’t dare utter our competitor’s name in your voice app” fierce? Yep, Amazon has banned Alexa app developers from saying “Google”… Read More

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WhatsApp hits 1.5 billion monthly users. $19B? Not so bad.

January 31, 2018 Alex 0

Facebook’s $19 billion acquisition of WhatsApp sounds smarter and smarter. Today CEO Mark Zuckerberg announced on the Q4 2017 earnings call that WhatsApp now has 1.5 billion users and sees 60 billion messages sent per day. That’s compared to 1.3 billion monthly users and 1 billion daily active users in July. The massive growth makes Facebook’s choice to pay over $19 billion… Read More

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EBay Q4 falls slightly short on sales of $2.6B, EPS in line at $0.59, full year revenues of $9.6B

January 31, 2018 Alex 0

EBay reported its Q4 and full-year earnings after market close today, where it reported sales of $2.6 billion and adjusted earnings per share of $0.59 for the quarter (versus $0.54 a year ago), and $9.6 billion in revenues for the year. While the holiday season, which fell into the quarter that ended December 31, is traditionally a huge time for e-commerce companies, in the case of this… Read More