On the one hand, there is much satisfaction providing evidence a social network website can become profitable. “We got a lot done in 2014. Our community continues to grow and we’re making progress towards connecting the world,” said Mark Zuckerberg, Facebook founder and CEO while introducing the financial results for the fourth quarter and full year 2014. Facebook’s resultshave beaten profit and revenue forecasts for the seventh quarter in a row; with greater revenue from mobile advertising.
Meanwhile, Apple posted record quarterly revenue of $74.6 billion and record quarterly net profit of $18 billion for its fiscal 2015 first quarter. The results were fueled by all-time record revenue from iPhone and Mac sales as well as record performance of the App Store. “Our revenue grew 30 percent over last year,” saidTim Cook, Apple’s CEO.
On the other hand, there is Yahoo whose results raised concerns among investors about what they perceived as the fading star of once dominant internet website in the 1990s. “I’m pleased to report that our performance in Q4 and in 2014 continues to show stability in our core business,” saidMarissa Mayer, CEO of Yahoo. “Our mobile strategy and focus has transformed Yahoo and yielded significant results (like) $254 million in mobile revenue, up 23% quarter-over-quarter,” Mayer added. Yet it was said that investors forced top management to announce plan for tax-free spin-off of remaining stake in Chinese Alibaba Group, in a transaction designed to maximize value of Yahoo’s Alibaba holdings exclusively for shareholders, said a communiqué.
The sector of the internet has brought globally positive but often diverse results in 2014. The most significant trend has been a sharp increase in mobile revenue, confirming the irresistible emergence of m-commerce (mobile commerce) – in a reference to e-commerce (electronic commerce) – as a long-term and large field of future profits in the next years. Mobile strategy has become essential. More than ever, smartphones appear as the future’s main tool for internet navigation, far ahead of desktop computers and tablets.
“The (joint NSA-GCHQhacking) operation very probablyhappened,” Chief Executive Olivier Piou of Gemaltotold a news conference, but “it’s difficult to prove our conclusions legally, so we’re not going to takelegalaction.”
“The problem today is particularly around Mariupol, Ukraine. We’ve told the Russians clearly that if there was a separatist attack in the direction of Mariupol things would be drastically altered, including in terms of sanctions,” French Foreign Minister Laurent FabiustoldFrance Info radio.
“The Venezuelan Government needs to deal with the grave situation it faces,” replied the US State Department after President Nicolas Madurosaccused the USG of “failed coup attempt”.
The consumer price index (CPI-U) fell0.7 percent in January 2015, the sharpestdrop since December 2008, the Labor Departmentsaid. The gasolinedecrease was overwhelmingly the cause of the decline in the all items index, which would have risen 0.1 percent had the gasoline index been unchanged, added the BLS.
The USA and Qatar are both committed to making sure that ISIL (Islamic State) is defeated, said President Barack Obama after he met with Amir of Qatar. “We have a very strong security relationship, Qatar is a strong partner in our coalition to degrade and ultimately defeat ISIL,” Obama stressed.
Is it a turnaround for the French economy? According to official statistics, French unemploymentdropped slightly from record highs. Prime Minister Manuel Valls said the figures were “an encouragement to build on”.
“It should come as little surprise then that we continue to see fraud, after fraud, after fraud on Wall Street – since the individuals who engaged in the wrongdoing rarely, if ever, face any real consequences,” saidBenjamin M. Lawsky, Superintendent of Financial Services for the State of New York.
“The labor force participation rate is lower than most estimates of its trend, and wage growth remains sluggish, suggesting that some cyclical weakness persists. In short, considerable progress has been achieved in the recovery of the labor market, though room for further improvement remains,” said the Fed’s chair Janet Yellen.
IAEA Director General Yukiya Amano and Iran’s Deputy Foreign Minister S. Abbas Araghchirecognized the importance of continuing the dialogue after new “discussions that focused on the need to resolve, as soon as possible, all outstanding issues related to Iran’s nuclear program.”
Carlos Moedas, European Commissioner for Research, Science and Innovation, is excited about the encouraging results of one of EU-funded projects to tackle Ebola. “We have preliminary evidence that the antiviral drug ‘favipiravir‘ may be effective against early Ebola disease,” he said.
The FBIannounced a reward of up to $3 million for information leading to the arrest and/or conviction of Evgeniy Mikhailovich Bogachev for his alleged involvement as the administrator of the GameOver Zeus botnet, believed to be responsible for the theft of more than $100 million from businesses and consumers in the U.S. and around the world.