News 

3 modest predictions for transportation technology in 2018

“My team believes adoption rates are a function of three factors: technology, regulation, and behavioral impact” writes Kyle Nakatsuji for venturebeat.com. As a founder of Clearcover, a car insurance technology startup, and in my prior role as a venture capitalist at American Family Insurance, I’ve spent a lot of time making predictions about the future of transportation, mostly as it relates to technology and insurance. Source: venturebeat.com Share This:

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News 

Facebook’s user engagement dips on News Feed tweaks, WhatsApp passes 1.5 billion monthly users

“Total revenue rose 47 percent to $12.97 billion, while full-year revenue was also up 47 percent at $40.65 billion” reports venturebeat.com. Facebook’s 1.40 billion daily active users was up 14 percent from a year earlier, but below analysts’ estimate of 1.41 billion for the fourth quarter, according to financial data and analytics firm FactSet. Source: venturebeat.com Share This:

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Crypto News 

Venezuela’s president says a pre-sale of its new “petro” cryptocurrency, with each token backed by one barrel of crude oil, will begin on February 20

“That would put the value of the entire petro issuance at just over $6 billion” writes unknown author for cnbc.com. The government has said that the petro issue will help the cash-strapped country make financial transactions and overcome U.S. sanctions against Maduro’s socialist government.A pre-sale of Venezuela’s new “petro” cryptocurrency will begin on Feb. 20, President Nicolas Maduro said on Tuesday, a move that the government hopes will help pull the country out of a dire economic crisis.Maduro has previously said Venezuela will issue 100 million tokens, each valued at…

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Crypto News Stocks 

Jack Dorsey says almost all Square Cash App users can now trade bitcoin on the platform; service isn’t available for users in NY, Georgia, Wyoming, Hawaii

“Nearly all users of Square’s Cash payments app can now buy and sell bitcoin on the platform, CEO Jack Dorsey announced Wednesday” writes unknown author for cnbc.com. Commission-free stock trading app Robinhood announced last week it was rolling out free bitcoin and ethereum trading in five states beginning in February.Square began testing bitcoin trading on its Cash app in mid-November and rolled out access to more customers in December.Users cannot send bitcoin directly to other Cash users. Source: cnbc.com Share This:

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Microsoft’s cloud bet continues to pay off in latest earnings

“Overall server and cloud services revenue grew 18 percent year-over-year, alongside the massive 98 percent jump in Azure revenue” writes Jan Est for theverge.com. Revenue has jumped 12 percent year-over-year during the holiday quarter, and the trend of Microsoft’s success with the cloud has continued.Surface revenue is up just 1 percent, probably due to the only new Surface device in the quarter being the Surface Book 2 that launched in mid November.Microsoft’s Office 365 subscription bet for consumers is also paying off. 29.2 million people are now using Office 365…

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Heads-up News 

Tokyo Trading Session Heads Up Wednesday, January 31, 2018

Tokyo opening news digest Massachusetts probe into Steve Wynn hinges on $7.5 million settlement to manicurist The Massachusetts Gaming Commission first heard about the payout when it was reported by the Wall Street Journal on Friday.   Alan Greenspan: ‘We have a stock market bubble’ Alan Greenspan, the former Fed chairman, sounds an alarm about both stocks and bonds.   Yellen Era End With Whimper, But Rate Hikes To Come Janet Yellen’s term as Federal Reserve Chair ended with a whimper as the Fed’s policy committee voted unanimously to not…

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News 

Facebook User Growth Slows After Questions on Societal Impact

“Facebook reported 1.4 billion daily active users in the quarter, slightly missing a 1.41 billion average estimate from three analysts surveyed by Bloomberg” writes unknown author for bloomberg.com. Fourth-quarter revenue rose to $12.97 billion, beating the $12.6 billion average analysts’ estimate and demonstrating dominance in mobile advertising. Source: bloomberg.com Share This:

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The sad state of Android: Google removed over 700,000 bad apps last year

“Removing more than 700,000 apps that violated the Google Play store policies is impressive” writes Maren Estrada for bgr.com. That sounds great until you realize that some 700,000 apps with malicious intentions were submitted to the Google Play store in 2017 alone.But let’s look at all the numbers Google presented: In 2017, we took down more than 700,000 apps that violated the Google Play policies, 70% more than the apps taken down in 2016.We have no idea how many apps Apple turned down this year, and how many malicious apps…

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News 

Qualcomm reports quarterly loss on $6 billion tax charge

“Qualcomm expects $4.8 billion to $5.6 billion in second-quarter revenue and adjusted earnings per share of 65 cents to 75 cents” writes Min Read for reuters.com. But its earnings and revenue forecasts for the ongoing March quarter were well below what analysts were expecting, sending Qualcomm shares slightly lower in after-hours trading on Wednesday. Excluding one-time items, Qualcomm earned 98 cents per share, topping analysts’ average estimate of 91 cents, according to Thomson Reuters I/B/E/S. Revenue rose 1.2 percent to $6.07 billion and exceeded analysts’ estimates of $5.93 billion.The licensing…

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