posted 1 day ago on techcrunch
 Facebook plans to launch more standalone apps, and today on its Q1 earnings call, Mark Zuckerberg laid out a blueprint for picking which ones to throw the company's weight behind. First, its Creative Labs initiative will build apps with specific purposes. If they resonate with users, Facebook will push to grow them to 100 million users. If that works, only then will it try to earn money off them. Read More

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posted 1 day ago on techcrunch
 Apple’s pace of acquisition has seemed to be picking up lately, and Apple CEO Tim Cook revealed just how many the company has been making of late. Cupertino has nabbed 24 companies over the course of the past year and a half, which is a pace that observers recently noticed actually outpaces the recent acquisition habits of Google. Typically, Apple doesn’t make any official… Read More

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posted 1 day ago on techcrunch
 In June of last year, Apple announced that over 575 million accounts had been created for iTunes 10 months later, they've grown that number by nearly fourty percent. On the Apple earnings call today, Tim Cook announced that they were just about to surpass their 800 millionth iTunes account. Read More

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posted 1 day ago on techcrunch
 Apple’s new retail chief Angela Ahrendts is going to start officially at the company officially beginning next week, CEO Tim Cook revealed on the company’s earnings call today. Ahrendts comes from Burberry, and her move to Apple was announced in October of last year, but she hadn’t yet begun in her new role yet. A report from last year suggested that Ahrendts might be delaying… Read More

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posted 1 day ago on techcrunch
The market likes what Apple reported today, sending its share up more than 7% in after-hours trading. The company reported an earnings beat today, with $45.6 billion in revenue, $10.2 billion in net profit, or $11.62 in earnings per share. Analysts had expected Apple to report $10.18 in profit per share, and revenue of under $44 billion. The company also reported that it will execute a stock… Read More

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posted 1 day ago on techcrunch
 Hello, high school juniors. Stressed about graduation next year? Nervous about getting into college? Well Matthew Pittinsky, co-founder of the online education giant Blackboard and current chief executive at Parchment, has some advice for you: Treat your college applications like you would a stock portfolio and hedge your bets. And you can even use a new tool from Parchment to do so. Read More

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posted 1 day ago on techcrunch
As part of its earnings cycle today, Apple announced that it will increase its dividend 8 percent, add $30 billion to its share buyback program current to a total of $90 billion, and split its stock 7 for 1 in June. The company's dividend will also now rise yearly. Apple is incredibly cash-rich, and has been under pressure to utilize its vast financial resources to reward its investors.… Read More

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posted 1 day ago on techcrunch
 Apple has just released its fiscal Q2 2014 earnings, reporting $45.6 billion in revenue, $10.2 billion in net profit representing $11.62 per share. Compared to the year-ago quarter, it corresponds to a growth of 4.6 percent in revenue, and 15.2 percent in EPS. According to Fortune, the consensus among analysts was for Apple to report earnings of $10.22 per share on $43.45 billion in revenue, with… Read More

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posted 1 day ago on techcrunch
 Another mobile milestone for Facebook: the company reported in its Q1 earnings that it has now passed the 1 billion mark for monthly active users on phones and tablets. 1.01 billion to be exact. That is a sign of how mobile is approaching near-parity with desktop for Facebook: overall MAUs  across both desktop and mobile totalled 1.28 billion. Read More

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posted 1 day ago on techcrunch
 Along with the company's earnings release, Zynga announced that founder Marc Pincus would be stepping down from any operational duties and ceding his chief product officer title today. The company said that Pincus, who started the social gaming company in 2007, will remain Chairman of the Board. Read More

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posted 1 day ago on techcrunch
 This afternoon following the bell, Zynga reported its calendar first-quarter financial performance including revenue of $168 million, bookings (non-GAAP) of $161 million, and earnings per share of -$0.01 (non-GAAP). Analysts had expected the company to report top line of $164 million, and a single cent per-share loss. That revenue figure is a decline of 36 percent from the year-ago quarter. The… Read More

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posted 1 day ago on techcrunch
 Facebook just announced that Chief Financial Officer David Ebersman will be stepping down, with David Wehner, the company's vice president of corporate finance and business planning, succeeding Ebersman on June 1. The announcement of Ebersman's departure came as part of Facebook's first quarter earnings report. In the earnings release, CEO Mark Zuckerberg described him as "a great partner in… Read More

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posted 1 day ago on techcrunch
 Facebook's is getting more and more mobile, now with 1.01 billion users on small screens. It's Q1 2014 earnings show it beat expectations, earning $2.5 billion in revenue with an $0.34 EPS. It now has 1.28 billion total monthly users, 802 million daily users, and 609 million daily mobile users. Facebook continued its march to become a mobile ad company with 59% of ad revenue coming from portable… Read More

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posted 1 day ago on techcrunch
 Private family photo sharing network Tweekaboo has just launched the Tweekabook, an 8.5" x 8.5" book offering that lets parents produce and print baby books right from their iOS app. The books start at $29.95 for a 24-page book and the company ships anywhere in the world. Read More

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posted 1 day ago on techcrunch
 Just three months after its public launch, Delightful, the startup that helped build “tailored dates” for romantic couples short on time, has shut down. Delightful was created last year as one of the first products out of OK Cupid Labs, and quietly launched in beta last year. The company’s service, which allowed you to either choose a pre-planned date or build your own itinerary,… Read More

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posted 1 day ago on techcrunch
 When Facebook mentions a slight drop in young US teen usage during Q3 2013 earnings, its share price fell 18%, disentegrating well over $10 billion in value. So last quarter it said "in terms of teens we don't have any new data to report" and $FB climbed 13% the next day on strong mobile ad performance. Now the question is whether Facebook will keep punting on the teen engagement issue. Read More

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posted 1 day ago on techcrunch
 AT&T's recent threat to steer clear of a spectrum auction, scheduled for next year, isn't scaring the FCC. FCC chief Tom Wheeler today dismissed AT&T's poise, stating that he has a "hard time envisioning this once-in-a-lifetime opportunity for this kind of beach-front spectrum being something that people throw up their hands and walk away from." Consider AT&T's bluff called. Read More

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posted 1 day ago on techcrunch
 Pure Storage, a company that has pioneered a way to deliver solid state disk performance for a mechanical disk price, announced today it has received $225 million in Series F venture funding at a valuation of $3 billion. Those are impressive numbers, but it doesn't stop there. According to company president David Hatfield, Pure Storage achieved 700 percent year-over-year growth and 50+ percent… Read More

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posted 1 day ago on techcrunch
 It’s hard to believe that on-demand ride service Uber is less than four years old. Launched in San Francisco in 2010, the company has expanded aggressively over the last several years. Today, the company announced a major milestone: With its launch in Beijing, Uber is now available in 100 different cities around the world. Read More

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posted 1 day ago on techcrunch
 Grand St., a service once described as an Etsy for electronics, is now actually a part of Etsy, the companies confirm. The deal was announced today on Grand St.’s official blog and on Etsy’s site (via Fortune) where Etsy CEO Chad Dickerson explained the two companies’ overlapping vision. He says both were focused on the way “making was changing,” in a time when… Read More

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posted 1 day ago on techcrunch
 Storehouse, an app for iPad that functions as a story creation tool with images, video and text, is getting a nice update today. The update brings the ability to embed stories in blogs and on the web, as well as comments and an easy way to find Storehouse users on Twitter and Facebook. Read More

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posted 1 day ago on techcrunch
 Rather than just sunsets from foreign countries and selfies by fashion models, Instagram's Explore page is now also personalized with top photos and videos Liked by people you follow. Personalization highlights Instagram's focus on your own social graph and a subjective vision of beauty, to contrast with Vine, which centers around re-sharing and globally popular expert content creators. Read More

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posted 1 day ago on techcrunch
 Former General Michael Hayden, former head of the NSA, has a new gig writing for the conservative Washington Times. His column will be titled "Inside Intelligence," ironically, as he no longer is. Gen. Hayden is best known for his complete support of the NSA's surveillance programs, including his admission that XKeyscore is real, and his infamous train episode in which he was caught slagging… Read More

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posted 1 day ago on techcrunch
 Glider, the Portland-based startup that makes a software-as-a-service product for streamlining and adding clarity to the process of negotiating and signing sales and business contracts, has been acquired by Dallas-based sales software company FPX. Financial terms of the deal have not been disclosed, but it appears that this is not simply an acqui-hire or “soft landing” situation… Read More

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posted 1 day ago on techcrunch
 Since its launch two years ago Codecademy has become synonymous with online education for basic computer programming. In that time, the company says it’s learned a few things itself and today launched a newly redesigned website with an enhanced framework for teaching more than just the nuts and bolts of programming. In some ways it’s the company’s attempt to transform itself from… Read More

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