Techworm

-
Nothing Phone 3 is scheduled to be introduced in July as the company’s first-ever flagship-grade smartphone. The UK-based original equipment manufacturer (OEM) has now teased that despite packing several promising upgrades, its purported handset will miss out on a feature that has become synonymous with Nothing smartphones since the Phone 1 — the Glyph Interface. from Gadgets 360 https://ift.tt/VmRvJeh
Post a Comment

Twitter earned $86 million in latest quarter, revenue grew 28 percent

-

Like its bigger tech peers, Twitter posted stronger-than-expected results for the first quarter on Thursday. But its lukewarm outlook sent shares tumbling after hours. The San Francisco-based company earned $68 million, or 8 cents per share, in the January-March period. That’s up from a loss of $8.4 million, or 1 cent per share, a year earlier.

Revenue grew 28 percent to $1.04 billion. Analysts, on average, were expecting a loss of 2 cents per share on revenue of $1.03 billion, according to a poll by FactSet.

In a tumultuous start to the year, Twitter permanently suspended its arguably most powerful and polarising user — former President Donald Trump — from its platform in January after the deadly riots at the US Capitol.

Twitter logo. Reuters

It had also suspended more than 150,000 other accounts across its platform for what it described as “propagating a conspiracy theory” linked to dangerous behavior offline. Primarily these accounts were linked to QAnon, the unfounded conspiracy theory that claims Trump is waging a secret battle against the “deep state” and a sect of powerful devil-worshipping pedophiles.

While the suspensions irked certain users, Twitter executives insist they want a “healthy conversation” on the platform and are willing to take some heat for enforcing rules.

“When it comes to the Twitter Rules, we recognize that politicians and government officials are constantly evolving how they use the service, and we want our policies to remain relevant to the everchanging nature of political discourse on Twitter,” the company said in a statement Thursday. To this end, Twitter is seeking public input on its rules.

Twitter had 199 million daily users, on average, in the third quarter, up 20 percent year-over-year and slightly below the 200 million that analysts were expecting.

By comparison, Facebook had 1.88 billion daily users on average in March 2021, an increase of 8 percent year-over-year. Snapchat, meanwhile, had 280 million average daily active users in the first quarter.

Twitter does not disclose monthly user figures.

Twitter said it expects revenue between $980 million and $1.08 billion for the second quarter. The midpoint of that is below analysts’ expectations of $1.06 billion.

Twitter’s stock fell $6.21, or 9.5 percent, to $58.88 in after-hours trading.



from Firstpost Tech Latest News https://ift.tt/2R9z0CC

Comments

Post a Comment

Popular posts from this blog

Facebook is changing its Terms of Service starting 1 October: Here's what it means

-
Image
Facebook is making a few major changes to its Terms of Service (ToS) and it will come into effect on 1 October. The move is being undertaken to so that Facebook can remove or restrict access to content, services or information if they determine that by doing so they can "avoid or mitigate adverse legal or regulatory impacts to Facebook." According to Facebook , the social media platform works constantly to better services and develop new features to make their Products better for both users and the community. As such, they need to keep on updating the Terms from time to time to accurately reflect their services and practices. As per Facebook, while it may not affect the everyday functioning of the app for most users, if a content that contains fake news, violence or violates community standards, Facebook can remove it as per its discretion. Facebook has also stated that if a user repeatedly infringes other people's intellectual property rights, the account may get sus...
Read more

Techworm

-
Redmi Note 14s has been launched as a rebranded version of the Redmi Note 13 Pro 4G, along with support for 4G connectivity and a MediaTek Helio G99-Ultra chipset. It features a 200-megapixel rear camera, a 6.67-inch AMOLED display, and an in-display fingerprint sensor. Here's everything you need to know about the Redmi Note 14s price and specifications. from Gadgets 360 https://ift.tt/z6RafEs
Read more

Racial slurs on Twitter increased by 500 per cent after Elon Musk took over, platform blames trolling campaign

-
Image
Elon Musk finally took control of Twitter last week after buying it for a record $44 billion, one of the highest amounts anyone has ever paid in a tech acquisition. When Elon made the original offer to buy Twitter, Musk said that he is a free-speech absolutist . Musk and his fans had positioned him as an entity that would safeguard free speech at all costs. Well, it turns out, people really put that theory to the test. As per a report by The Washington Post, the use of certain derogatory epithets for African-Americans, Jews, and East Asians increased by up to 500 per cent on the platform, once news broke of Elon Musk taking over Twitter and firing most of its executive command, including CEO Parag Agarwal . The Network Contagion Research Institute (NCRI), a research group based out of Princeton, that analyzes social media content to predict emerging threats, said that the use of the N-word on Twitter increased by nearly 500 per cent in the 12 hours immediately after Musk’s deal was ...
Read more