Twitter will explore letting users receive payments from followers
Twitter earnings beat proves company is ‘resilient’: Expert
Starship Capital managing partner John Meyer on the future of Twitter and Lyft following their recent earnings reports.
Twitter Inc Chief Executive Jack Dorsey said Wednesday the company is exploring allowing its users to receive tips, or digital payments, from their followers.
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Dorsey said the feature would help the social media platform earn more money and engagement from its base of 192 million daily users.
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"I think the first thing we want to focus on is that economic incentive to people who are contributing to Twitter," he said at the virtual Goldman Sachs Technology and Internet Conference.
TWITTER SURVIVES TRUMP ACCOUNT BAN WITH AN INCREASE IN USERS FOLLOWING JANUARY MOVE
Introducing user tipping and new features like content subscriptions would help the company diversify its revenue, which it currently earns mainly from selling advertising on Twitter.
The company said Tuesday during an earnings call with analysts that he did not expect subscriptions to be meaningful to the company's revenue until next year.
Last month, Twitter bought newsletter startup Revue, as it hopes to attract users wanting to create long-form content.
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EU not where it wants to be in vaccine fight – EU's von der Leyen
BRUSSELS (Reuters) – European Commission President Ursula von der Leyen acknowledged on Wednesday that the European Union was not where it wanted to be in the fight against the coronavirus.
“We were late with the approval. We were too optimistic on mass production. And perhaps we were also too certain that the orders would actually be delivered on time,” she told the European Parliament in a debate on the bloc’s vaccine strategy.
Japan Tobacco to launch new heated tobacco device later this year
TOKYO (Reuters) – Japan Tobacco Inc said on Tuesday it plans to launch a new heated tobacco device in the second half of 2021, as it tries to compete with Philip Morris’ IQOS cigarettes.
Japan is the world’s biggest market for “heat not burn” products, which emit less smoke than conventional cigarettes, as regular e-cigarettes with liquid nicotine are banned.
Tencent says executive held by China is linked to allegations of 'personal' corruption, not company activities
- The Wall Street Journal reported earlier a Tencent executive has been held by Chinese authorities as part of a probe into a high-profile corruption case involving one of the country's former top law-enforcement officials.
- "We can confirm that case relates to allegations of personal corruption and has no relation to Weixin or WeChat," Tencent said in a statement to Reuters.
Tencent said on Thursday the case of one of its executive held by Chinese authorities is linked to allegations of personal corruption, and is not related to its international messaging to payments WeChat app or domestic Weixin platform.
The Wall Street Journal reported earlier a Tencent executive has been held by Chinese authorities as part of a probe into a high-profile corruption case involving one of the country's former top law-enforcement officials.
Citing people familiar with the matter, Zhang Feng has been under investigation by China's anti-graft inspector since last year for alleged unauthorized sharing of personal data collected by Tencent's social-media app WeChat.
"We can confirm that case relates to allegations of personal corruption and has no relation to Weixin or WeChat," Tencent said in a statement to Reuters.
Kinross Q4 Profit Increases
Kinross Gold Corp. (K.TO,KGC) reported that its fourth-quarter net earnings increased to $783.3 million or $0.62 per share, from $521.5 million or $0.41 per share last year.
Adjusted net earnings more than doubled to $335.1 million, or $0.27 per share from $156.0 million, or $0.13 per share in the previous year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.22 per share for the fourth-quarter. Analysts’ estimates typically exclude special items.
Quarterly revenue increased 20% to $1.20 billion from $996.2 million in the prior year. Analysts expected revenue of $1.22 billion for the quarter.
Looking forward, the company expects to continue its consistent performance in 2021. It expects gold equivalent production to grow by 20% to 2.9 million ounces in 2023, and to produce an average of 2.5 million ounces annually to 2029.
Bank of England says Alex Brazier to leave Financial Policy Committee
LONDON, Feb 10 (Reuters) – The Bank of England said Alex Brazier would leave its Financial Policy Committee when his three-year term ends on March 31 as he plans to take a career break from the central bank.
“He will also stand down as the Bank’s Executive Director for Financial Stability Strategy and Risk at that point,” the BoE said. “With a six-month notice period, Alex will begin his career break at the end of September. The Bank will shortly begin a recruitment process to identify Alex’s replacement.”
U.S. says jury still out on China's pandemic transparency
WASHINGTON (Reuters) – The United States said on Tuesday the “jury’s still out” on whether China has been fully transparent on the coronavirus pandemic, after a World Health Organization report said it was unlikely the COVID-19 virus originated in a laboratory in Wuhan, China.
State Department spokesman Ned Price told a daily news briefing the United States looked forward to seeing the full report and would make an assessment based on science and data.