Business

Facebook will hit 2B users this year following impressive fourth quarter

Analysts polled by Thomson Reuters expected the Facebook to earn $ 1.31 per share on revenue of $ 8.51 billion for the fourth quarter. Facebook's biggest money-maker continues to be mobile advertising , with 84% of all advertising revenue now coming from mobile ads, compared to 80% a year ago.

Business

Russia's Oil Output Down by 100000 Bpd in January

US crude stockpiles for the week ended Friday rose 6.47 million barrels, almost double the expected increase. OPEC members could reduce supplies by 900,000 bpd in January, the first month of implementation of the accord created to eliminate a global supply glut, according to estimates from tanker-tracker Petro-Logistics SA.

Business

Snapchat files for $3 billion IPO

It was widely reported last November that Snap had confidentially filed the necessary paperwork for an IPO with the Securities and Exchange Commission, but had used a JOBS Act provision that allows companies with less than $1 billion in revenue to avoid making that paperwork immediately public.

Business

Uber will suspend services in Taiwan

The company's meal delivery service UberEats, which was launched in November previous year, will continue to operate, as it is different from the ride-sharing business model, the official said. The transportation ministry said that as of late December 2016, Uber had accumulated fines of NT$68.45 million for 481 violations, while its drivers had been fined a total of NT$20.83 million.

Business

Investor's Watch: Oclaro, Inc. (NASDAQ:OCLR), Marathon Oil Corporation (NYSE:MRO)

The short ratio in the company's stock is documented at 2.95 and the short float is around of 5.17%. Marathon Oil Corporation (NYSE:MRO) share price decreased in the last trading session with a previous 52-week high of $19.28. Shares of Marathon Petroleum Corporation (NYSE:MPC) [ Trend Analysis ] swings enthusiastically in regular trading session, it a decrease of -0.71% to close at $47.71.

Business

GoPro's Karma drone back on sale after recall

The struggling company, known for its action cameras, needed the Karma to do well in the 2016 holiday season to recover from what was shaping up to be a awful year. With that, GoPro had to take back all the Karma drones that they have released and refund their customers' money. The average and low price target for the stock are $9.64 and $6, respectively.