Intel. We hear from the ceo in a bloomberg explosive. We find out why twitter growth did not translate into sales. We hear from the ceo. In latehares plummeted trading after reporting thirdquarter earnings. For the first time in over two years, the Company Reported a decline in quarterly profits, most notable from the report, amazon issued a week forecast for the busy Holiday Quarter, likely sparking worries the Big Investments in oneday delivery are not bringing a sales boost investors were hoping for. Also fell. Ces i am joined by our guests, thank you both for joining me. Breakdown what happened to the bottom line. You are still turning a profit, but the growth was slower. Why . A lot of angst around cost. We knew oneday shipping would bring variability and cost with it for a couple of quarters. Lso, they are spending a lot on content. There is a spending cycle going on, which makes the next couple of quarters the anxiety continues. Youre clearly seeing a sales impact happening on t
Only two things people were doing this weekend, benj watching house of cards or making deals. A big one in pharma. Forest lives being bought by actavis 425 billion. A big winner for carl icahn, number two shareholder at forest labs. Persistence pays off for carl icahn, he has threatened a proxy fight for the last three years on this company. To appease him, the company gave him seats on the board and he got his guy as ceo, as a result you get the outcome carl icahn onwanted. That is not the only deal, the maker of the mobile game candy crush is going public. King digital is filing an ipo. Likely be listed on the new york stock exchange. When we sent popular, we are talking 93 Million People playing candy crush every day. 568ng digital netted million last year with a revenue it1. 88 billion dollars, makes the profit from people who buy stuff to get ahead. Just like farmville. Premium style. You get sucked into it, it is free, but to take it to the next level you have to pay. If you look
Better battery, bigger screen and we will talk about that later in the show. Out, house of cards came friday and more people are binging on this show than ever before. We will tell you how many and has netflix is more more shocking storytelling. Our lead story is the company that makes the addictive and super popular puzzle game candy crushed saga has filed to go public. King Digital Entertainment raised 500 million in an ipo. The company is based in dublin. We got to see a lot of numbers and some pretty good numbers but not some great numbers. What is your take away . These numbers were pretty much what we reported about six months ago and it shows they are reliant on one game for the majority of the revenue, about 87 . What we need to find out is if they can parlay candy crushed into other titles to make a lot of money. The next two titles fall off by a massive amount in terms of the amount of revenue. The way they make money is that users within the game by Digital Goods and thats w
Family back at home in the ukraine. His cofounder, brian acton meantime, got turned down for jobs at facebook and twitter. The result, the two of them after leaving yahoo started a messaging service that anyone could afford. Just days ago he found himself eating chocolatecovered strawberries at Mark Zuckerbergs house on valentines day and striking a deal that will make him and his 50 employees very, very rich. So how will facebooks acquisition of whatsapp impact its competitors . I spoke with ben thomson, an author, who joined me from taiwan and Andreessen Horowitz partner benedict evans. I asked them if whatsapp is worth the price tag . Its a bit like the instagram acquisition. Was instagram worth 1 billion or 1 of facebook at the time . The question for Mark Zuckerberg is around maintaining share engagement and share of social activity. Whatsapp now has 450 million active users, 70 of them active every day. That is a significant advantage of facebook users. Whatsapp is taking a big c
This is a guy who grew up on food stamps and was so poor he could not afford to call his family back home in the ukraine. His to founder, brian acton got turned down for jobs at facebook and twitter. The result, the two of them after leaving yahoo started a messaging service. Just weeks ago he found himself eating Chocolate Covered Strawberries at Mark Zuckerbergs. How will facebooks acquisition impact its competitors . I spoke with brian. Spnch them if whatsap worth the price tag . It is a lot like the instagram acquisition. I think the question for mark zucker entering around maintaining shares engagement nd shares of activity. 77 of their users are active every day. Certainly there is only mobile activity users for facebook. Whatsapp is taking a big chunk of people who were using facebook. A lot of them were using facebook first. The question for him is do you just sit and try and compete with that . They have been looking at that for the last year to two years. Do you say look, thi