10 Things In Tech You Need To Know This Morning (AMZN, MSFT, FB, AAPL, YHOO) | ||
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Good morning! Here's the tech news you need to know today. 1. Amazon stock was down over 12% after a disappointing Q3 earnings call. There were misses on both the top and bottom line. 2. Amazon is taking a $170 million charge for unsold Fire Phones. 3. Microsoft announced it beat estimates in its Q1 earnings. The stock was up 4% last night. 4. A doctor in New York who tested positive for Ebola took an Uber on Wednesday. The transmission risk is very low, however. 5. Facebook launched a new app called Rooms. It lets people create forums about their interests. 6. Microsoft co-founder Paul Allen has pledged $100 million to help fight Ebola. He often donates money to charity. 7. Alternative social network Ello has raised $5.5 million in funding. It now has over 1 million users. 8. Apple has promised to help the employees of its sapphire supplier find jobs after they ended their partnership. The company is closing its US production plants. 9. A New York judge says that Aereo must shut down for good. The company had previously considered continuing as a cable company. 10. Facebook and Yahoo have unveiled a plan to stop scammers recreating closed email accounts. This should stop people hacking into some Facebook accounts. Join the conversation about this story »  | ||
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Man with 'Islamic extremist leanings' attacks NY police | ||
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Washington (AFP) - A man reported to have Islamic "extremist leanings" attacked police officers in New York with a hatchet Thursday, injuring two before being shot dead, police and a monitoring group said. The man, identified in the US media as Zale Thompson, had posted an array of statements on YouTube and Facebook that "display a hyper-racial focus in both religious and historical contexts, and ultimately hint at his extremist leanings," the SITE monitoring group said.
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The Russian Ruble Is Getting Crushed | ||
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The Russian ruble has fallen further against the dollar and the euro hitting record new lows against the currencies.
Russia's currency has been put under pressure by a combination of falling oil prices and fears over a possible sovereign debt downgrade by Standard & Poor’s Friday. The ratings agency currently has a BBB- on Russia, only one grade above junk. A further downgrade would push it into junk territory, likely increasing the country's borrowing costs at a time when it is already struggling to meet budget targets due to plunging commodity revenues. If the oil price continues to slide analysts see the country falling into a recession. The Russian central bank has spent over $15 billion in October to prop up the currency, burning through Russia's foreign exchange reserves, but so far has been unable to halt the slide. SEE ALSO: Russia Will Be Plunged Into A Recession If Oil Prices Fall Further Join the conversation about this story »  | ||
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The 10 Things You Need To Know In Advertising This Morning | ||
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Good morning. Before you hit the weekend, read up on the most important advertising stories of today. 1. People are beginning to talk seriously about Google’s search business becoming less relevant. Google could become a victim of death by a 1,000 cuts as users increasingly opt for more niche forms of search. 2. Google’s new Inbox app is going to really annoy advertisers. The email app bundles brand emails into a “promos” bucket, which means email marketing just became that little bit harder. 3. The Guardian’s CEO has slammed the BBC for what he deems “distortive dominance” over UK media. But Andrew Miller has a solution to the problem: he says the BBC should open up access to its repository of live video feeds and archives for commercial rivals to use. 4. Snapchat’s COO Emily White says she’s not a fan of native advertising, which she thinks “tricks” users. That’s why Snapchat is running its ads in the Stores section of the app, rather than in personal conversations between friends. 5. Coca-Cola’s top marketer Joe Tripodi is retiring. After seven years at the helm, CMO Tripodi is leaving the company to “learn more and contribute more going forward,” he said in a letter to colleagues. 6. Under Armour is becoming a viable threat to Nike. The sports brand has been aggressively investing in high-profile endorsement deals and building up its women’s business. The strategy appears to be working, according to its latest quarterly results. 7. Here’s why you probably won’t get hired at Google. Brain-teaser interview questions, consistent protocol and a special hiring committee combined make Google near impenetrable when it comes to getting hired. 8. Facebook has launched a new standalone app called Rooms. It lets users create forums to discuss content they are interested in. The app is like a consumer version of business communications app Slack and could be a way for brands to have conversations with their customers about certain topics like cooking or beauty in a more relaxed environment than the Facebook page. 9. WPP is to launch a second programmatic trading desk that will give its GroupM media agencies another option besides Xaxis, Mumbrella Asia reports. The new trading desk will cater for more performance-focused advertisers, sources tell the trade publication. 10. Mobile adtech company Ampush has just announced triple digit (185%) year on year growth to $200 million run rate spend on its in-feed advertising platform. Its Q3 mobile advertising trends report also revealed that its clients’ mobile advertising budgets increased 233% year on year and that CPM pricing is up nearly a quarter (23%) to $4.90, driven by continued adoption of mobile ad units. Join the conversation about this story »  | ||
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