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UPDATE 3-Tesla expects to become profitable in 2016, shares surge

*Silicon Valley carmaker plans 60-80 pct vehicle sales growth. Feb 10- Tesla Motors Inc Chief Executive Elon Musk on Wednesday promised investors that the electric luxury car maker would stop burning cash and start making money this year, sending the company's shares up sharply despite a wider fourth-quarter loss. Musk said Tesla would generate positive cash...
Source: Reuters | By: Sai Sachin R and Alexandria Sage
UPDATE 2-Tesla expects to become profitable in 2016, shares rise

Tesla reported a wider fourth-quarter net loss of $2.44 a share, compared with a loss of 86 cents a share a year earlier. "You cannot bet against Elon Musk," said analyst Ivan Feinseth of Tigress Partners. Musk said Tesla would generate positive cash flow even after investing $1.5 billion to add capacity to a huge battery factory in Nevada, and start producing...
Source: Reuters
UPDATE 1-Tesla says expects to become profitable in 2016

The electric car maker has long enjoyed the status of Silicon Valley darling for its brash innovation in electric cars. Elon Musk- led Tesla said its long-promised moderately priced car, the Model 3, would be unveiled on March 31. Tesla's net loss, however, nearly tripled to $320.4 million, or $2.44 per share, in the fourth quarter ended Dec. 31 from $107.6 million, or...
Source: Reuters
Tesla's posts 11th straight quarterly loss

Feb 10- Tesla Motors Inc reported a quarterly loss for the eleventh straight quarter as higher sales of its Model S sedans failed to offset rising costs. The Silicon Valley electric car maker, controlled by Elon Musk, said net loss nearly tripled to $320.4 million, or $2.44 per share, in the fourth quarter ended Dec. 31 from $107.6 million, or 86 cents per share, a year...
Source: Reuters
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