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TECH NEWS

Twitter hits milestone with first-ever profit

Washington, United States | AFP | Twitter on Thursday reported its first-ever quarterly profit, a key milestone that sent shares soaring at the social network which has lagged for years behind fast-growing rivals. The San Francisco-based one-to-many microblogging service said it earned $91 million in the fourth quarter, the first …

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Google parent hit by higher costs, names new chairman

San Francisco, United States | AFP | Google parent company Alphabet on Thursday reported a quarterly loss to set aside funds to pay taxes on repatriated profits, and named a new chairman to replace outgoing Eric Schmidt. Shares in Alphabet slid 2.3 percent in after-hours trade on the results, highlighting …

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