Search results for "SAI"



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UPDATE 4-LinkedIn sheds $11 bln in value on stock's worst day since debut

Feb 5- LinkedIn Corp's shares closed down 43.6 percent on Friday, wiping out nearly $11 billion of market value, after the social network for professionals shocked Wall Street with a revenue forecast that fell far short of expectations. The rout in the stock cost LinkedIn chairman Reid Hoffman about $1.2 billion based on his 11.1 percent stake in the company he...
Source: Reuters | By: Supantha Mukherjee and Anya George Tharakan
UPDATE 2-LinkedIn forecasts weak 1st-qtr profit, shares plunge

Feb 4- LinkedIn Corp forecast first-quarter profit and revenue below analysts' estimates as it faces headwinds in its online ads and recruitment services businesses in markets outside North America, sending its shares down 27 percent in extended trading. "While initial demand was solid, the product required more resources than anticipated to scale," Chief...
Source: Reuters | By: Sai Sachin R
UPDATE 1-LinkedIn forecasts current-quarter profit below estimates

Feb 4- LinkedIn Corp forecast current-quarter profit and revenue below analysts' estimates, citing weakness in its recruitment services business in markets outside North America. LinkedIn forecast an adjusted profit of about 55 cents per share for the first quarter, way below the average analyst estimate of 74 cents, according to Thomson Reuters I/B/E/S.
Source: Reuters
UPDATE 1-Google search chief Singhal to quit, to be replaced by AI head

Feb 3- Google parent Alphabet Inc said Amit Singhal, the longtime chief of its Internet search business, will leave the company and be replaced by the head of the technology giant's artificial intelligence business. John Giannandrea, currently a vice president of engineering, will replace Singhal, a 15- year Google veteran, once he leaves on Feb. 26.
Source: Reuters
Google's search business chief Amit Singhal to leave

Feb 3- Amit Singhal, the senior vice president of Google's Internet search business at Alphabet Inc, said he would leave at the end of the month after 15 years with the company. John Giannandrea, the vice president of Google's artificial intelligence efforts, would replace Singhal, Re/code reported on Tuesday. Singhal will leave Google on Feb. 26, he said in a blog...
Source: Reuters
PewDiePie, others set to star in YouTube's first original shows

Other YouTube stars such as comedian Lilly Singh and comedy producer Rooster Teeth and teen network Awesomeness TV will be involved in full-length movies that will premiere on YouTube Red on Feb. 10. The move will pit YouTube against video streaming pioneer Netflix, whose standard plan in the United States also costs $10 per month. While YouTube Red is...
Source: Reuters | By: Sai Sachin R
UPDATE 2-Tinder owner Match Group's revenue hurt by non-dating business

Feb 2- Match Group Inc, the owner of popular dating site and mobile app Tinder, on Tuesday reported quarterly revenue that fell short of analysts' expectations, hurt by a drop in revenue from its non-dating services. Match's shares fell 3.2 percent to $11.80 in extended trading, below its IPO price of $12, after the company's released its first quarterly...
Source: Reuters | By: Sai Sachin R
UPDATE 1-Tinder owner Match Group's revenue misses analysts' estimates

Feb 2- Match Group Inc, the owner of popular dating site and mobile app Tinder, reported a smaller-than-expected quarterly revenue as it earned lower average revenue per paid user. The company, which owns a portfolio of over 45 dating brands, said average revenue per paid user fell to 53 cents in the fourth quarter ended Dec. 31 from 62 cents a year earlier.
Source: Reuters
Tinder owner Match Group's revenue rises 12 pct

Feb 2- Match Group Inc, the owner of popular dating site and mobile app Tinder, reported a 12 percent rise in quarterly revenue as it added more paid subscribers. Total revenue rose to $267.6 million from about $239 million, Match Group said in its first quarterly report since going public last November. The company's net income fell to about $35.6...
Source: Reuters
Microsoft recalls 2.3 mln power cords sold with Surface Pro tablets

Feb 2- The U.S. Consumer Product Safety Commission said Microsoft Corp was recalling about 2.25 million AC power cords, less than a week after Apple Inc said it was recalling AC wall plug adapters due to a shock hazard. The recall involves power cords sold with some models of the Microsoft Surface Pro convertible tablet devices before March 15.
Source: Reuters