Shazia Ilmi defends her comments on Muslims, calls it sarcastic
AAP leader Shazia Ilmi has clarified that she was only speaking "sarcastically" when she asked a group of Muslim leaders to turn "communal". A video showing Ilmi exhorting some Muslim leaders...
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Facebook (FB) is quickly erasing any lingering doubts about its business model, with the social networking giant recording a big jump in sales and profits.
After markets closed on Wednesday Facebook reported first-quarter revenue of $2.5 billion, up a hefty 67 percent over the same period last year. Analysts expected sales of $2.4 billion. Facebook's net income also surged to $639 million, almost triple the $217 million in profit a year ago.
The company's stock was up 3 percent in extended trading, to $62.96.
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Dan Ackerman, Sr. Editor for CNET, discusses the Facebook acquisition of Oculus.
There was much for investors to applaud. Monthly active users at Facebook were up 15 percent year over year, but daily users -- a better measure of those committed to the platform -- were up 21 percent. Mobile daily active users jumped by 43 percent.
Facebook is also making major strides in the increasingly important business of selling ads that run on smartphones, tablets and other mobile devices. Mobile ads accounted for 59 percent of total ad revenue in the period, up from 30 percent a year ago.
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Facebook stock hit a record price as CEO Mark Zuckerberg appeared at the world's largest mobile tech gathering in Spain, in his first major appea...
Another source of pressure comes from Facebook's recent acquisition spree. It isn't unusual for tech companies to acquire small firms, particularly as a way to obtain talent and innovation. Facebook is now mature enough as company that it looks to startups as a way to invest in social media and the Internet.
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Facebook profits soar on strong mobile ad growth
By Yekaterina Kravtsova
The St. Petersburg Times
Published: April 24, 2014 (Issue # 1807)
Pavel Durov, the founder and former CEO of the VKontakte social network. Photo: Durov / VK.com
Pavel Durov, the founder of Russias largest social networking website, fled the country on Tuesday, a day after he said he was forced out as the companys CEO for refusing to share users personal data with Russian law enforcement agencies.
Durov, who created Vkontakte seven years ago, first announced his intention to leave the company on April 1 but withdrew his resignation letter two days later. On Monday, he announced that he had been fired and that the social network would now fall under full control of Kremlin-linked Rosneft CEO Igor Sechin and Vkontakte billionaire shareholder Alisher Usmanov.
The move to oust Durov is widely seen as part of a wider campaign by the Kremlin to tighten its grip on the Internet, and observers said the authorities aimed to cleanse the management of Russian Internet companies in the hopes of gaining control of their content.
Last week, Durov said in an interview with the New Times that the Federal Security Service had turned up the pressure on Vkontakte employees dramatically in recent months, demanding that Durov release personal information about Euromaidan activists. He said the Prosecutor General's Office ordered him to shut down a group on the website dedicated to anti-corruption activist Alexei Navalny, though he refused to do so.
I am out of Russia and have no plans to go back, Durov said Tuesday in an interview with Techcrunch, a news website focused on technology. He said he intended to launch a mobile social network outside Russia.
Unfortunately, the country is incompatible with Internet business at the moment, he said, adding that Russian authorities had targeted him after he publicly refused to cooperate with them.
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Vkontakte Founder Flees Russia Claiming Persecution
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