For the first time ever Facebook has reported that daily active users declined in the last quarter. In the last three months of 2017, time spent on the site declined by about 5%. Facebook shares took a hit, but recovered somewhat when Facebook executives outlined their plan to keep revenues up by increasing prices. The lower traffic comes at a time when there is increased scrutiny on the effects social networks and mobile technology are having on children, and even adults. Mark Zuckerberg has begun investigating how to make Facebook users experience better by emphasizing “meaningful … [Read more...]
Archives for February 2018
Big Gains for Telecoms thanks to Tax Reforms
AT&T and Verizon have booked major gains thanks to the reduction in tax rates delivered by the reform bill passed last year by the Trump administration. The two giants were able to cut their deferred tax liabilities by billions of dollars, allowing AT&T to record a $19.04 billion profit in the fourth quarter, and Verizon to record a $16.8 billion gain. Drew FitzGerald reports: The corporate-tax overhaul, a long-held goal for Chief Executive Randall Stephenson, helped AT&T book a $19 billion profit in the fourth quarter, though its revenue slipped 0.4%. The wireless business … [Read more...]
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