Facebook Sued by Shareholder Over Record Stock Plunge

Days after Facebook’s stock suffered the largest drop in Wall Street history, a shareholder sued the company, accusing the social media network of making misleading statements about its user numbers and operations. The plaintiff, James Kacouris, filed the lawsuit Friday seeking class-action status and to recover damages. Kacouris alleged that Facebook and its chief executive, Mark Zuckerberg, violated federal securities […]

Zuckerberg Loses More Than $15 Billion in Record Facebook Fall

Facebook Chief Executive Mark Zuckerberg’s fortune took a more than $15 billion (roughly Rs. 1.03 lakh crores) hit on Thursday, as the social media company suffered the biggest one-day wipeout in US stock market history a day after executives forecast years of lower profit margins. At least 16 brokerages cut their price targets on Facebook after Chief Financial Officer David Wehner […]

Flipkart Big Billion Days Sale: Record 1.3 Million Smartphones Sold in First 20 Hours

The Flipkart Big Billion Days sale started on Wednesday with huge discounts on a wide range of products, especially electronics. The Flipkart offers on mobile phones went live a day later, with the lowest prices on iPhone 7, iPhone 6s, MacBook Air (which were all matched by Amazon India in its own sale), as well as great […]

PS4 Sales to Slow Down After Record Year: Sony

Sony shipped 20 million PS4s last financial year as per its latest earnings report. It ended the 2015 financial year at 40 million PS4s. However the company expects hardware sales to decline for the full financial year and expects online digital sales to be more important going forward. It plans to move another 18 million […]

Sage Upgrades its iOS Apps to Let You Record Receipts with Your iPhoneSage Upgrades its iOS Apps to Let You Record Receipts with Your iPhone

In some exciting news, accounting and payroll software giant Sage Group (LON:SGE) announced last week at Sage Summit 2016 held in Chicago, Ill. that it has redesigned and optimized its iOS mobile applications for Sage One and Sage Live, and that it is now part of the Apple Mobility Partner Program. As a part of the program […]

WhatsApp Used to Send a Record 14 Billion Messages on New Year’s Eve in India

WhatsApp Used to Send a Record 14 Billion Messages on New Year’s Eve in India HIGHLIGHTS 3.1 billion images, 700 million GIFs, and 610 million videos were sent WhatsApp recently rolled out the ability to share GIF images WhatsApp has more than 160 million monthly active users in India On New Year’s Eve, 14 billion […]

LG Appliances and TV Earnings at Record Levels but No G5 Boost for Mobile Division

South Korea’s LG Electronics Inc on Thursday posted its highest quarterly operating profit in two years, thanks to record appliances and television earnings that offset another loss for the mobile division. The world’s second-largest TV maker behind SamsungElectronics Co Ltd said in a regulatory filing its April-June profit more than doubled from a year earlier […]