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Technology

Twitter Posts $537 MN Net Loss over Lawsuit Payout

Twitter Posts $537 MN Net Loss over Lawsuit Payout

Twitter said Tuesday it had posted a $537 million net loss in the third quarter after settling a lawsuit alleging investors were misled about slowing user growth. Despite revenue rising sharply with the help of robust ad sales, Twitter still posted an operating loss of $743 million, fueled by the

Nintendo Hopes Smartphones Will be Fertile Soil for Pikmin Bloom

Nintendo Hopes Smartphones Will be Fertile Soil for Pikmin Bloom

Pokemon Go maker Niantic on Tuesday began rolling out a Pikmin Bloom smartphone game in its latest collaboration with Japanese video game icon Nintendo. Pikmin Bloom's launch comes 20 years after the debut of the original video game created by Nintendo legend Shigeru Miyamoto, and is a rare step

YouTube, TikTok, Snap Execs Face Senators on Kids' Safety

Bearing down on hugely popular social media platforms and their impact on children, the leaders of a Senate panel have called executives from YouTube, TikTok and Snapchat to face questions on what their companies are doing to ensure young users’ safety. The Senate Commerce subcommittee on consume

Spotify Teams Up with Shopify to Allow In-App Merch Purchases

Spotify Teams Up with Shopify to Allow In-App Merch Purchases

Canadian e-commerce giant Shopify announced Wednesday a partnership with music streaming giant Spotify that will allow in-app sales of artists' merchandise. The tie-in comes just two months after the Ottawa-based company reached a similar deal with video-sharing app TikTok, said AFP. In a stat

PayPal in Talks to Buy Pinterest

PayPal in Talks to Buy Pinterest

Payments giant PayPal Holdings Inc is in talks to buy digital pinboard site Pinterest Inc, according to a person directly familiar with the matter. The companies have discussed a potential price of $70 per share, which would value Pinterest at around $39 billion, according to Bloomberg News.

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