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Facebook's 1st-quarter soar to surpass expectations, CFO to step down

NEW YORK, N.Y. - Facebook's earnings nearly tripled and revenue grew sharply in the first quarter, surpassing Wall Street's expectations thanks to an 82 per cent increase in advertising revenue. It was the fourth quarter in a row that Facebook beat forecasts as it continues to barrel ahead in mobile advertising at a time when nearly 80 per cent of its users are accessing it on smartphones and other portable gadgets.

Brazil's new Internet 'Bill of Rights,' promotes privacy, ensures net neutrality

SAO PAULO - Brazil's president signed into law on Wednesday a "Bill of Rights" for the digital age that aims to protect online privacy and promote the Internet as a public utility by barring telecommunications companies from charging for preferential access to their networks.

Facebook first-quarter revenue grows 72 percent on rising mobile ads

By Alexei Oreskovic SAN FRANCISCO (Reuters) - Facebook Inc's mobile advertising business accelerated in the first three months of the year, helping the Internet social networking company top Wall Street's financial targets. Shares of Facebook were up nearly 3 percent at $63.05 in after-hours trading on Wednesday.

Facebook earnings jump to $642 mn on 72% revenue gain

Facebook profits jumped to $642 million in the first quarter on a 72 percent surge in revenues, helped by gains in mobile users and mobile advertising, the company reported Wednesday. Advertising revenues were up 82 percent from a year ago, and earnings from mobile ads comprised 59 percent of that, compared with 53 percent in the fourth quarter of last year. bur-pmh/vs

IBM unveils new server model to tackle big data, analytics

By Marina Lopes NEW YORK (Reuters) - International Business Machines Corp, in its latest attempt at reviving demand for its hardware products, is launching high-end system servers that it says are 50 times faster than its closest competitor at analyzing data.

Microsoft expands ad-free Bing searches for US schools from kindergarten through 12th grade

LOS ANGELES, Calif. - Microsoft is expanding a program that gives schools the ability to prevent ads from appearing in search results when they use its Bing search engine. The program, launched in a pilot program earlier this year, is now available to all U.S. schools, public or private, from kindergarten through the 12th grade. The program is meant to create a safer online environment for children, but also promote use of Bing, which trails market leader Google.

Facebook gets U.S. antitrust approval to buy Oculus

WASHINGTON (Reuters) - Social network giant Facebook Inc has won U.S. antitrust approval to buy Oculus VR Inc, a two-year-old maker of virtual reality goggles, the Federal Trade Commission said on Wednesday. Facebook said on March 25 that it planned to buy Oculus for $2 billion in its first-ever hardware deal. Facebook Chief Executive Officer Mark Zuckerberg said at the time that the proposed transaction reflected his company's desire to bet on "the platforms of tomorrow."

Review: Is there anything to like about Datawind's ultra-cheap $38 tablet?

TORONTO - What exactly do you get in a tablet that costs just $37.99 before taxes and shipping? The Ubislate 7Ci — which is billed as the "world's lowest cost tablet" by its maker Datawind — has a seven-inch screen, is assembled with outdated hardware, and not surprisingly runs on Google's Android platform, the common denominator of most ultra low-priced tablets. But does it work?

Google's 'Street View' maps add digital time capsules to provide visual retrospectives

MOUNTAIN VIEW, Calif. - Trips down memory lane are now available on Google's digital maps. The new twist on time travel is debuting Wednesday as part of the "Street View" feature in Google's maps, a navigational tool that attracts more than 1 billion visitors each month. Street View snapshots will now include an option to see what neighbourhoods and landmarks looked like at different periods in the last seven years, as Google Inc. has been dispatching camera-toting cars to take street-level pictures for its maps.

WhatsApp says it now has half billion users

WhatsApp now has 500 million regular, active users around the world, the free mobile messaging service being acquired by Facebook said. That is up from an estimated 450 million as of late February, as the service's reach expanded rapidly in countries including Brazil, India, Mexico, and Russia. WhatsApp said Tuesday on its blog that its users are also sharing more than 700 million photos and 100 million videos a day. Facebook founder Mark Zuckerberg announced in February that his social network is acquiring WhatsApp for $19 billion.
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