socialmedia

Facebook Losing Younger Users at a Faster Rate than Previous Forecast

Facebook Losing Younger Users at a Faster Rate than Previous Forecast

Facebook (NASDAQ: FB) is on track to lose its younger users at a faster rate than the previous forecast. The social media giant is expected to lose nearly two million users under the age of 24 this year alone as more begin to shift to other platform..

Twitter shares rise on first quarterly Net Profit

Twitter shares rise on first quarterly Net Profit

Twitter Inc. (NYSE: TWTR) reported its fourth quarter and full year financial results for fiscal year 2017. The social media company reported its first quarter of net profit gains, as shares skyrocketed 26 percent during Thursday’s pre-market ..

Snap Shares Surge on Strong Earnings Result

Snap Shares Surge on Strong Earnings Result

Snap Inc. (NYSE: SNAP) soared more than 35 percent on Wednesday morning after the company reported quarterly revenue and earnings that beat analysts’ estimates.The instant message company said fourth-quarter revenue rose 72 percent to $285.7 m..

Bitconnect: Suspected Ponzi Scheme sends Coin down over 95%

Bitconnect: Suspected Ponzi Scheme sends Coin down over 95%

Bitconnect, a cryptocurrency exchange platform and a cryptocurrency, that is suspected of a Ponzi scheme from the cryptocurrency community, has announced on Tuesday that it will be shutting down its lending platform.Bitconnect coins or BCC crashed o..

Big Investors Raise Stakes in Snap Inc.

Big Investors Raise Stakes in Snap Inc.

Firms such as Fidelity Investments and Coatue Management LLC have increased their stakes in Snap Inc. (NYSE: SNAP) third quarter following the company’s disappointing results. Fidelity’s companies held 11 million more Snap shares th..

Traders Purchase High Volume of Call Options on Twitter

Traders Purchase High Volume of Call Options on Twitter

Twitter, Inc. (NYSE: TWTR) was the target of unusually large options trading on Wednesday. Investors acquired 59,240 call options on the company, representing an increase of 150% compared to the typical daily volume of 23,687 call options.Twitter op..