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Snap shares skyrocket on first earnings beat with revived user growth

[ad_1] Snapchat is starting to turn things around, boosting its sluggish user growth rate and beating Wall Street’s expectations for the first time with today’s blockbuster Q4 2017 earnings report. It added 8.9 million daily active users, to reach 187 million, with a quarter-over-quarter growth rate of 5.05 percent percent in ...

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How Facebook stole the news business

[ad_1] Big news outlets stupidly sold their soul to Facebook. Desperate for the referral traffic Facebook dangled, they spent the past few years jumping through its hoops only to be cut out of the equation. Instead of developing an owned audience of homepage visitors and newsletter subscribers, they let Facebook ...

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Foxconn to plug at least $340M into AI R&D over five years

[ad_1] Manufacturing giant Foxconn has said it will make a major investment in artificial intelligence-based R&D as it looks for new business growth opportunities in a cooling global smartphone market, Nikkei reports. “We will at least invest some 10 billion New Taiwan dollars ($342M) over five years to recruit top talent ...

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