Robert Cyran, U.S. tech columnist, joined Breakingviews in London in 2003 and moved four years later to New York, where he continues to cover global technology, pharmaceuticals and special situations. Robert began his career at Forbes magazine, where he assisted in the startup of the international version of the magazine. Before working at Breakingviews he worked as a market researcher and reporter covering the pharmaceutical industry. Robert has a Masters degree in economics from Birmingham University and an undergraduate degree from George Washington University. Follow Rob on Twitter @rob_cyran
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The microblogging site had a great World Cup quarter. Revenue rose 124 pct, users were more engaged and 16 mln new ones joined. A repeat showing next quarter will be tough – and justifying a 30 pct market-value spike even tougher. As in soccer, upstarts rarely win consistently.
The two listing services’ $3.5 bln merger won’t produce many cost savings. But the deal promises to reduce competition and squeeze prices higher, creating the potential for even faster growth. With only a tiny slice of the ad market, online real estate may not be tapped out.
The internet retailer’s stock trades at 112 times next year’s earnings, even though it barely turns a profit. A $126 mln Q2 loss, with worse to come, has investors worried. They wiped out $16.5 bln of value after hours, more than six times Amazon’s net income since its 1997 IPO.
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- Microsoft carefully dismantles Ballmer legacy
- Murdoch may be heading for Pyrrhic Time Warner win