Facebook had a pretty great quarter thanks mostly to mobile.
The company today posted its second fiscal quarter earnings with revenue of $2.910 billion, a 61 percent increase from Q2 2013, and 30 cents in earnings per share.
Analysts expected Facebook to report revenue of $2.81 billion and earnings of $0.32 per share for the June quarter.
The company also posted $2.676 billion in advertising revenue, up from $2.265 billion in the previous quarter and a 67 percent increase from the same quarter last year. Mobile advertising revenue now represents 62 percent, or roughly $1.66 billion, of the company’s total when it comes to ads — leaving desktop in the dust.
Clearly, this quarter is all about advertising dollars. Facebook launched app install ads in 2012, which resulted in 350 million downloads, and it recently introduced its mobile ad network, first announced at this year’s f8 conference, to shift its focus to the mobile advertising market.
Some mobile advertising numbers from eMarketer:
Facebook accounted for a 17.77 percent share of worldwide mobile ad spending in 2013, eMarketer estimates, up from a 5.37 percent share in 2012. EMarketer estimates thatFacebook will increase further to 22.3 percent this year, compared to Google, whose market share is expected to remain relatively flat around 50 percent. The worldwide mobile ad market totaled $17.71 billion in 2013, according to eMarketer, expected to grow another 84.7 percent this year to reach $32.71 billion.
Facebook accounted for 15.8 percent of all mobile ad dollars spent in the U.S. in 2013, according to eMarketer, up from 9 percent in 2012. EMarketer estimates that Facebook‘s US mobile ad share will grow again in 2014 to 18.4 percent. Mobile advertising totaled $9.69 billion in the U.S. in 2013, and will increase 83 percent to reach $17.73 billion this year, according to eMarketer. Google remains the dominant firm in the US mobile ad space and took in 41.5 percent of all net U.S. mobile ad revenues in 2013.
Facebook posted the following user growth and engagement numbers:
Daily active users (DAUs) were 829 million on average for June, an increase of 19 percent year-over-year.
Mobile DAUs were 654 million on average for June, an increase of 39 percent year-over-year.
Monthly active users (MAUs) were 1.32 billion as of June 30, an increase of 14 percent year-over-year.
Mobile MAUs were 1.07 billion as of June 30, an increase of 31 percent year-over-year.
Goophone, the Chinese phone company known for its uncanny smartphone knockoffs, is back with its latest adaptation.
The i6, an imitation of the still-unannounced iPhone 6, rolls out online on Aug. 1. Designed based on supposedly leaked images and videos, the i6 is priced at $159.99 for the 16 GB model. For comparison, the 16 GB iPhone 5S retailed for $199 with contract and $649 unlocked.
While it sounds like a sweet deal, consumers should know that i6 uses a different processor than the iPhone and comes equipped with Android instead of iOS. It also only has a 1.4GHz processor, a downgrade from the 2GHz offered with Goophone's i5S model, which is — you guessed it — a knockoff of the iPhone 5S.
The design of the i6 and the expected design for the rumored iPhone 6 are very close: Both have fingerprint readers on the front, an auto-focusing camera in the rear and other design hallmarks borrowed from iPhones.
However, the i6 sports a image of a bumblebee on its back instead of Apple's classic logo, distinguishing itself from the iPhone's no-frills design. Goophone hasn't explained why it uses the bee as its logo, only remarking that it is "cute."
Unlike the Goophone i5S, the i6 is only offered in two colors, black and white. The champagne finish was a new direction for iPhone design when the 5S emerged and was copied by Goophone (and others). It's still unknown what colors Apple will offer for the iPhone 6.
It's also difficult to say exactly how closely the i6 resembles its Appleoriginal, as designs for the iPhone 6 leaked earlier this year proved to be fake. An exact release date for the iPhone 6 has also been hazy, after rumors that a smaller version would debut in August were squashed. It is now widely anticipated that both the 4.7-inch will hit the market in September, while a larger 5.5-inch model could come in the months ahead.
Goophone posted the following video depicting rumors of the iPhone 6 on its website:
In the past, Goophone has mimicked theSamsung Galaxy S5 and other highly desirable smartphones. While there are obvious copyright issues at hand, Chinese authorities aren't doing much to shut it down for now.
According to the Telegraph report, the changes were made by an Internet user within the All-Russia State Television and Radio Broadcasting Co., or VGTRK, a state-run TV and radio network.
In Wikipedia, each edit made is permanently recorded with the username and IP address that made the change.
RuGovEdits is not the first Twitterbots created to monitor edits of the online encyclopaedia. An automated Twitterbot called congress-edit was established to keep track of Wikipedia edits originated by users on U.S. Congress computers and instantly tweet them. A similar toolwas launched to watch over edits by users on U.K. Parliament computers.
Flight MH17, on a scheduled run from Amsterdam to Kuala Lumpur, was shot down over eastern Ukraine Thursday, prompting world leaders to demand an international probe.
While questions about who is responsible for the deadly incident still remain unanswered, Ukraine’s interior ministry said the plane was shot down by a missile, while U.S. President Barack Obama said Friday that the airliner was likely targeted by pro-Russian separatists.
However, Russian President Vladimir Putin denied the allegations of Russia’s involvement in the tragedy, saying that “certainly, the state over whose territory this occurred bears responsibility for this awful tragedy,” according to theAssociated Press.
According to the Telegraph report, the changes were made by an Internet user within the All-Russia State Television and Radio Broadcasting Co., or VGTRK, a state-run TV and radio network.
In Wikipedia, each edit made is permanently recorded with the username and IP address that made the change.
RuGovEdits is not the first Twitterbots created to monitor edits of the online encyclopaedia. An automated Twitterbot called congress-edit was established to keep track of Wikipedia edits originated by users on U.S. Congress computers and instantly tweet them. A similar toolwas launched to watch over edits by users on U.K. Parliament computers.
Flight MH17, on a scheduled run from Amsterdam to Kuala Lumpur, was shot down over eastern Ukraine Thursday, prompting world leaders to demand an international probe.
While questions about who is responsible for the deadly incident still remain unanswered, Ukraine’s interior ministry said the plane was shot down by a missile, while U.S. President Barack Obama said Friday that the airliner was likely targeted by pro-Russian separatists.
However, Russian President Vladimir Putin denied the allegations of Russia’s involvement in the tragedy, saying that “certainly, the state over whose territory this occurred bears responsibility for this awful tragedy,” according to theAssociated Press.
Snappay? Snapchat may try to monetize by processing peer-to-peer payments, money transfers, or online payments, according to twotrademarks it filed earlier this week. Owned by Snapchat and filed on July 11th by an attorney at Cooley, which is known to be Snapchat’s law firm, the trademarks could keep anyone else from entering the same space under the Snapchat name. After being tipped off to the trademarks by a source, I’ve contacted Snapchat and am awaiting a response regarding what exactly these trademarks are about. [Update: Snapchat declined to comment.]
Laugh it up all you want about Snapchat making your money disappear, this could be serious business.
Specifically, the two trademarks are for:
“Computer application software for processing electronic payments to and from others that may be downloaded from a global computer network” – Trademark Serial # 86335306
“Electronic transfer of money for others; providing electronic processing of electronic funds transfer, ACH, credit card, debit card, electronic check and electronic, mobile and online payments” - Trademark Serial # 86335307
Until now, speculation about Snapchat’s monetization routes has focused around advertising, in-app purchases of virtual goods, and sponsorships from brands for promoting live events. These trademarks paint a different picture.
It’s not the only one that might look to earn money on messaging through money transfers. Facebook recentlyhired PayPal President David Marcus to head up its Messenger division.
If Snapchat does get into payments, it might allow friends to send cash back and forth, or buy things online with a credit card registered in its app, similar to Venmo. By taking a small fee on payments, it could earn money without forcing users to watch interruptive ads, buy filters, or have their experience cluttered with Our Stories from brands.
Imagine getting a flash sale Snap of a cool product from an ecommerce company. Snapchat could potentially let you pay to buy that product from within its app. The startup has also already dabbled in commerce. It provides links for users to buy from iTunes the (awesome) songs it features in its announcements of new features, likeStange Talk’s “Young Hearts” orGoldroom’s “Embrace”.
At the very least, Snapchat may have filed the trademarks to keep the option of processing payments under its name open.
Multinational computer technology specialist Dell has announced it is now accepting bitcoin through a partnership with Coinbase.
With annual revenue approaching $57bn, Dell is roughly four times the size of DISH Network – the previous biggest bitcoin-accepting business.
Following today’s announcement, consumers and small business owners are able to purchase all items on Dell.com using bitcoin. To promote the news, the company is offering a 10% discount on all Alienware-brand products to bitcoin buyers. Dell also sells personal computers, servers, data storage devices, cameras and printers.
In a blog post on the announcement, Coinbase indicated that Dell is seeking to provide customers with greater payment flexibility. Once the decision to accept bitcoin was reached, the company moved quickly – implementing payments on the site in just two weeks. Dell CIO Paul Walsh said:
“It is always our goal to respond quickly to our customers and ensure their needs are met. Partnering with Coinbase to implement this solution in 14 days is a prime example of the new, more agile Dell.”
The official announcement was released on Twitter by Dell’s CEO and board of directors chairman Michael Dell.
Dell founded the company at 19 and quickly grew the business into a Fortune 500 company, becoming one of the youngest CEOs to make the list at the time. Dell is now the third largest private company in America
Coinbase continues hot streak
Dell’s announcement comes amid a boom in the number of major businesses that have opted to accept bitcoin throughCoinbase. Notably, Dell is now the largest merchant in the bitcoin space by annual revenue.
Coinbase added the previous largest merchant to the bitcoin ecosystem in late May, when it announced that Colorado-based satellite TV provider DISH Networkwould add bitcoin payments. DISH has an annual revenue approaching $14bn per year.
The California-based company followed up this announcement by revealing that online travel booking giant Expedia and gift e-tailer1-800-Flowers.com would accept bitcoin in June and July, respectively.
Smoke rises up at the crash site of the passenger plane, near the village of Grabovo, Ukraine (AP Photo/Dmitry Lovetsky)
17 JULY 2014
A Malaysia Airlines passenger aircraft carrying 295 people on board has crashed after apparently being shot down in eastern Ukraine near the Russian border.
Flight MH17 from Amsterdam to Kuala Lumpur was in transit over the war-torn region when it disappeared from radar screens.
Malaysian Airlines said nine British citizens were on board the plane, ITV News reports. The Foreign Office was unable to confirm this.
Graphic photographs have emerged which appear to show bodies and debris strewn across the crash site.
One image appears to show a piece of the wreckage with somebody climbing over the white, blue and red striped fuselage.
The commercial Boeing airliner, a 777-200, departed from Amsterdam at 12.14am local time, 15 minutes alter than scheduled, according to flight records.
It was expected to arrive in Malaysia at 6:10am local time, but did not enter Russian airspace when it was expected to, a Russian aviation source told Reuters.
An adviser to Ukraine's Interior Minister said the plane was shot down.
Anton Gerashenko said on his Facebook page that the plane was flying at an altitude of 33,000 feet over eastern Ukraine when it was hit by a missile fired from a Buk launcher.
And Ukrainian president Petro Poroshenko appeared to blame separatists for the missile strike, saying the "armed forces of Ukraine did not take action against any airborne targets".
He added: "We are sure that those who are guilty in this tragedy will be held responsible."
But a spokesman for the rebels said the plane must have been shot down by Ukrainian government troops.
The incident has sparked a fresh international crisis which will put more pressure on Russia to rein in the rebels.
The country has been torn apart by internal strife since the overthrow of the Moscow-backed regime of Viktor Yanukovych, with Russian backed separatists already accused by the authorities in Kiev of shooting down military jets with missiles supplied by Russia.
Russian president Vladimir Putin and his US counterpart Barack Obama have tonight spoken by phone.
Meanwhile, Malaysian prime minister Najib Razak said he was launching an immediate investigation into the crash.
Malaysia Airlines posted on its Twitter feed that it "has lost contact of MH17 from Amsterdam. The last known position was over Ukrainian airspace. More details to follow".
A statement later read: "Malaysia Airlines confirms it received notification from Ukrainian ATC that it had lost contact with flight MH17 at 1415 (GMT) at 30km from Tamak waypoint, approximately 50km from the Russia-Ukraine border.
"Flight MH17 operated on a Boeing 777 departed Amsterdam at 12.15pm (Amsterdam local time) and was estimated to arrive at Kuala Lumpur International Airport at 6.10 am (Malaysia local time) the next day.
"The flight was carrying 280 passengers and 15 crew onboard. More details to follow."
A similar launcher to the Buk, a Soviet era surface-to-air missile system capable of taking down a high altitude aircraft, was reported by journalists near the eastern Ukrainian town of Snizhne earlier today.
The Interfax report said the plane came down 50 km (20 miles) short of entering Russian airspace. It "began to drop, afterwards it was found burning on the ground on Ukrainian territory," the unnamed source said.
A separate unnamed source in the Ukrainian security apparatus, quoted by Interfax, said the plane disappeared from radar at a height of 10,000 metres after which it came down near the town of Shakhtyorsk.
The region has seen severe fighting between Ukrainian forces and pro-Russian separatist rebels in recent days.
A Ukrainian fighter jet was shot down last night by a Russian plane, Ukrainian authorities said, adding to what Kiev says is mounting evidence that Moscow is directly supporting separatist insurgents in eastern Ukraine.
The flight path of Malaysia Airlines MH17 according to Flightaware.com
Security Council spokesman Andrei Lysenko said the pilot of the Sukhoi-25 jet hit by the air-to-air missile was forced to bail out.
Pro-Russia rebels also claimed responsibility for strikes on two Ukrainian Sukhoi-25 jets, but Moscow denies Western charges that is supporting the separatists or sowing unrest in Ukraine.
Malaysia's defence minister Hishamuddin Hussein said there had been no confirmation that MH17 was shot down and added he had instructed the country's military to check and get confirmation.
The area is one of the main routes from Europe to Asia for air traffic.
This evening, the Department for Transport in London said flights were now being diverted.
A DfT spokesman said: "Flights already airborne are being routed around the area by air traffic control in the region. Pilots around the world have been advised to plan routes that avoid the area by Eurocontrol, the European organisation for the safety of air navigation."
Airliner tracking sites seemed to indicated that traffic was now steering clear of Ukrainian airspace.
The incident brings tragedy to Malaysia Airlines for the second time this year.
In March, one of its jets disappeared with 227 passengers and 12 crew on board in one of the greatest aviation mysteries of all time.
It would not be the first time a civilian airliner has been mistakenly shot down.
In 1988, an Iran Air flight from Tehran to Dubai was shot down by the US warship USS Vincennes in the Persian Gulf. All 290 on board, including 66 children and 16 crew, died.
In 1983, Korean Air Lines Flight 007 from New York to Seoul via Anchorage was shot down by a Soviet military jet near Sakhalin Island in the East Sea. All 269 passengers and crew were killed. The Soviets initially denied knowledge of the incident but later admitted responsibility, claiming that the aircraft was on a spy mission.
A spokesman for the Foreign Office said: "We are aware of the reports and are urgently working to establish what has happened."
Boeing, who manufactured the aircraft, said: "We are aware of reports on MH17. We're gathering more information.
"Our thoughts and prayers are with those on board MH17, as well as their families and loved ones. We stand ready to provide assistance."
UK Prime Minister David Cameron tweeted: "I'm shocked and saddened by the Malaysian air disaster. Officials from across Whitehall are meeting to establish the facts."
Airspace over Ukkraine 'could be shut'
The suspected shooting down of a large passenger plane while flying at altitude presents airlines and their passengers with an extremely serious new development in air travel, according to aviation experts.
They also question the future of Malaysia Airlines - caught in the global glare of bad publicity following the disappearance of flight MH370 earlier this year.
If today's incident is confirmed as a deliberate act then Ukraine airspace could well be closed down, meaning diversions for UK carriers who currently fly to and over the area.
"This could be a very serious development," said David Kaminski-Morrow, air transport editor of Flightglobal magazine.
He went on: "If reports are true, we are not talking about small-arm fire but serious weaponry. Normally even if planes fly over a war zone they can go high enough for the conflict not to be a worry.
"Any decision about the opening or closing of Ukranian airspace will be a matter for the Ukrainians. It could well be that part or all of that airspace will now be closed.
"Also, individual airlines, including UK carriers, could decide to detour around Ukraine."
Mr Kaminski-Morrow continued: "It's really quite incredible that it should be Malaysia Airlines involved in this, after what happened earlier in the year.
"This is not a small airline on a faraway route. This was a major airline flying from a European destination to a capital in the Far East. There must be serious concerns about how the airline can recover from this.
"There will obviously be political as well as aviation concerns from all this. This will run and run."
Norman Shanks, the former head of group security at airports group BAA, and professor of aviation security at Coventry University, said there had been suggestions airlines had been warned to avoid the route because of the violence below.
But many carriers continued to use it because it was shorter and therefore cheaper.
He said: "It is a busy aviation route and there have been suggestions that a notice was given to aviators telling airlines to avoid that particular area.
"But Malaysia Airlines, like a number of other carriers, have been continuing to use it because it is a shorter route, which means less fuel and therefore less money.
"I expect the area will be declared a no fly zone and aircraft will have no choice but to take a different, longer route."
Prof Shanks said it was "extremely unusual" for political disputes to spill over and endanger the lives of civilians travelling in commercial flights in the skies above.
And he suggested those behind the shooting "deliberately" targeted a passenger plane as it would have been obvious from its appearance that it was a commercial aircraft and posed no military threat.
He said: "This is probably the first time this has happened in recent history. The aircraft was flying at such a height that it is unlikely to have been a military aircraft.
"You would be able to tell it was a civilian aircraft not a military aircraft with the naked eye because of the jet plumes behind it.
"This would almost certainly have to be a deliberate act, for whatever reason - we can only speculate.
"It should have been quite visible to people on the ground that it was a civilian aircraft, by the size of it and the shape of it. Anyone who has looked at a civilian aircraft or large military aircraft will know the difference."
He said the plane's black box could contain vital clues to help piece together what the pilots knew during their final moments in the cockpit.
But he warned that tracing the flight recorders could be very tricky as they are probably "now in a war zone" somewhere in the Ukraine.
He added: "The pilots and passengers could well have been totally unaware that this missile was heading for them."
Aircraft shot down in Ukraine: A timeline
: : 29 May - Rebels in eastern Ukraine shoot down a government military helicopter amid heavy fighting around Slovyansk, killing at least 12 soldiers including a general, officials say. Acting Ukrainian president Oleksandr Turchynov tells parliament in Kiev that rebels used a portable air defence missile to bring down the helicopter. He says 14 died, including General Serhiy Kulchytskiy.
:: 24 June - Ukrainian government says a military helicopter has been shot down over a rebel-controlled area in Slovyansk.
:: 14 July - A Ukrainian military transport plane is shot down along the eastern border with Russia but all eight people aboard managed to bail out safely, the defence ministry says. Separatist rebels claim responsibility for downing the Antonov-26, but Ukrainian officials swiftly rule that out and blamed Russia instead.
:: 16 July - A Ukrainian air force fighter jet is shot down by a missile fired from a Russian plane, according to Ukraine's Security Council. The pilot of the Sukhoi-25 jet is forced to bail out after his plane was hit, says spokesman Andrei Lysenko. Meanwhile, pro-Russian rebels claim responsibility for strikes on two Sukhoi-25 jets.
:: 17 July - Almost 300 people die after a Malaysia Airlines plane is apparently shot down over Ukraine.
Disaster strikes again for Malaysia Airlines
Almost incredibly, Malaysia Airlines finds itself at the centre of a world aviation disaster for the second time this year.
It is only a few months since the Far East carrier was embroiled in what has become one of the great plane mysteries - the disappearance of flight MH370.
Now another Malaysia Airlines Boeing 777 lies wrecked in the Ukraine - seemingly the victim of a missile attack.
It was on March 8 that flight 370, carrying 239 passengers and crew veered far off course for unknown reasons during a flight from Kuala Lumpur to Beijing.
Initially, it was thought that the plane would soon be located. But weeks, and finally months, have passed - with the search areas changed and different theories being expanded - and still there has been no sign of the aircraft.
The search continues as does the heartache for the families of those lost on the flight.
Now today, comes news that of all the carriers to be involved in what appears to be an act of sabotage it should be beleaguered Malaysian Airlines.
Once more their managers have had to tell the world that they have lost contact with one of their aircraft. Now there are some who doubt whether the airline can recover from this.
BUK missile designed to take down aircraft
The BUK missile system is a set of medium range surface-to-air missile systems which were first developed in the Soviet Union and continue to be produced by Russia.
Designed to take out cruise missiles, aircrafts, helicopters and short range ballistic missiles, they can reach altitudes of up to 25km (15.5 miles or 82,000ft), according to the manufacturer's website.
Developed by Moscow firm Almaz-Antey, they are thought to have been used during the Russian war with Georgia in the territory of South Ossetia in 2008.
The manufacturer's website, which also lists military equipment including radar and naval missile systems, displays two models of Buk launchers - the Buk-M1-2 and the Buk-M2E.
A description of the Buk-M1-2, which has an altitude target range of up to 25km (15.5 miles or 82,000ft), reads: "The "Buk-M1-2" ADMC is designed to provide air defence for troops and facilities against attacks from current and future high-speed manoeuvring tactical and strategic aircraft, attack helicopters including hovering helicopters, and tactical ballistic, cruise, and air-to-air missiles, in conditions of heavy radio jamming and counter fire; as well as to destroy water and ground surface targets."
Meanwhile, the Buk-M2E "is designed to destroy tactical and strategic aircraft, helicopters, cruise missiles, and other aerodynamic aircraft at any point in their range of operation, along with tactical ballistic and aircraft missiles, and smart air bombs in conditions of heavy enemy counter fire and radio jamming; as well as to attack water and ground surface contrast targets."
