Facebook sales grow as users tick up; Zuckerberg defends political ads

Facebook has faced rising hostility from both users and lawmakers over its handling of user data and its inability to ensure the integrity of its popular news feeds. https://ift.tt/2prV5yD https://ift.tt/eA8V8J

Digital payments battle leads to $1 billion loss for top firms in FY19

Paytm, PhonePe and Amazon Pay saw a 167% increase in collective loss for the year ended March 2019 https://ift.tt/2Nvk4sM https://ift.tt/eA8V8J

Twitter to ban political ads in apparent swipe at Facebook

Social media companies, including Twitter rival Facebook face growing pressure to stop carrying ads that spread false information that could steer elections. https://ift.tt/2Wv0rp6 https://ift.tt/eA8V8J

Tim Cook suggests iPhone upgrade plans are akin to the idea of a "prime subscription", says Apple sees it as a major growth area (Kif Leswing/CNBC)

Kif Leswing / CNBC:
Tim Cook suggests iPhone upgrade plans are akin to the idea of a “prime subscription”, says Apple sees it as a major growth area  —  - Some investors want Apple to sell its iPhone on a subscription basis to shift more of Apple's revenue from transactional sales to recurring revenue.

Techies, 13 ways you can help Delhi Police fight crime

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Apple overcomes iPhone slump with strong Q4 numbers

Apple's recent success has been driven largely by strong growth in its services division, which primarily feeds off the roughly 1.4 billion iPhones, iPads and iPod Touches already in use https://ift.tt/332W86P https://ift.tt/eA8V8J

Samsung posts Q3 operating profit of $6.6B, down 56% YoY, on revenue of $53B, while the revenue from its mobile division grew 17.4% YoY to ~$25.2B (Steven Musil/CNET)

Steven Musil / CNET:
Samsung posts Q3 operating profit of $6.6B, down 56% YoY, on revenue of $53B, while the revenue from its mobile division grew 17.4% YoY to ~$25.2B  —  Declining demand for chips hurts the electronics giant's bottom line.  —  Samsung was hit hard in its third quarter by the slowdown in tech.

Dorsey's political ad ban is a worthy dare to all social networks, which have become hostage to abuse and manipulation with their growth-at-all-costs mentality (Kara Swisher/New York Times)

Kara Swisher / New York Times:
Dorsey's political ad ban is a worthy dare to all social networks, which have become hostage to abuse and manipulation with their growth-at-all-costs mentality  —  Twitter will no longer allow political advertising, a move that places Twitter and Jack Dorsey in stark contrast to Facebook and Mark Zuckerberg.

Twitter's India arm profit doubles in FY19

Net profit at Twitter Communications India rose 108% to Rs 5.8 crore for FY19, while revenue climbed to Rs 56.9 crore https://ift.tt/2PEIDpM https://ift.tt/eA8V8J

Swiggy says it is working with restaurants to resolve issues

The key contentions with the food delivery service Swiggy has been on deep discounting and private labels. https://ift.tt/2NsBFS5 https://ift.tt/eA8V8J

MakeMyTrip, HDFC Bank fight over money gone down with Jet Airways

MakeMyTrip has filed a case in the Delhi High Court accusing HDFC Bank of deducting money from its accounts to refund customers who had booked Jet Airways tickets https://ift.tt/332RhCD https://ift.tt/eA8V8J

Indians downloaded 5 billion apps between July and September 2018

The list was dominated by American, Chinese and Russian messaging, social media, ecommerce and streaming apps. https://ift.tt/326eGBX https://ift.tt/eA8V8J

Tim Cook says Apple Pay transactions more than doubled YoY to 3B+ transactions in Q4, exceeding PayPal's volume and growing 4x faster (Chance Miller/9to5Mac)

Chance Miller / 9to5Mac:
Tim Cook says Apple Pay transactions more than doubled YoY to 3B+ transactions in Q4, exceeding PayPal's volume and growing 4x faster  —  Apple Pay has been growing at a brisk pace recently, and Tim Cook is making a point to emphasize that fact.  During Apple's Q4 2019 earnings call today …

ByteDance starts clocking in profit in India

ByteDance's entry in India so far has been a mixed bag with excellent user growth interspersed with a backlash from regulators, politicians and some activists https://ift.tt/2N4y5il https://ift.tt/eA8V8J

Hyundai & Kia's $300M investment in Ola gets CCI nod

Ola parent ANI Technologies’ is likely to see its valuation bump by close to 20% to $8 billion as it stitches together another investment round https://ift.tt/2Wu4baf https://ift.tt/eA8V8J