Headlines:

Twitter reported first time profit

After almost 12 years, Twitter is finally profitable, reporting profits of $91 million on $732 million in revenue, a jump of 2 percent over last year. (Annual revenue for the company was slightly down in 2017, however it generated $2.4 billion, versus $2.5 billion in 2016.) Twitter’s user base didn’t grow at all last quarter, the company still has 330 million monthly users.

  • Written by Jerry Seward
  • Category: Companies

Ford Motor Company will make big investment in electric vehicles

Ford Motor Company will increase its planned investments in electric vehicles to $11 billion by 2022, which is more than double its previous commitment. It will have 40 hybrid and fully electric vehicles in its model lineup, Chairman Bill Ford said on Sunday at the Detroit auto show. Ford's engineering, research and development expenses for 2016 were $7.3 billion.

  • Written by Robert Woodward
  • Category: Companies

Eric Schmidt will continue as a technical adviser to Alphabet

Eric Schmidt, now 62, is resigning as executive chair at Google parent Alphabet. He served as chief executive for 10 years and had 17 years in senior management. He was recruited from Novell when Google had just 200 employees. Schmidt will become a technical adviser to Alphabet while continuing to serve as a director, the company said Thursday in a statement.

  • Written by Robert Woodward
  • Category: Companies

Comments