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Facebook Announces Third Quarter Results

Facebook Announces Third Quarter Results

Facebook, Inc. (NASDAQ: FB) reported financial results for the third quarter 2018.  Daily active users were 1.49 billion, a 9% increase year over year.  Mobile advertising revenue which represented 92% of advertising revenue this quar..

Lufthansa Buys Stake in Air Berlin

Lufthansa Buys Stake in Air Berlin

On Thursday, Lufthansa signed a $249 million deal to buy parts of Air Berlin to use their assets and quickly expand their Eurowings budget business. Following this announcement, shares of Lufthansa jumped more than 3% marking their highest level in ..

National Institute of Health partners with 11 Biopharma companies for Cancer Research

National Institute of Health partners with 11 Biopharma companies for Cancer Research

The National Institutes of Health and 11 biopharmaceutical companies today launched the Partnership for Accelerating Cancer Therapies (PACT). This is a five-year-public-private research collaboration totaling $215 million as part of the Cancer Moons..

Snapchat sells 150,000 Spectacles; is it enough to recover?

Snapchat sells 150,000 Spectacles; is it enough to recover?

Snap Inc.’s (NYSE: SNAP) CEO, Evan Spiegel, said on Tuesday that the company has sold approximately 150,000 of its camera glasses or Spectacles. Spiegel delivered the announcement in a conversation with Walter Isaacson, president and CEO of th..