Facebook disappoints with maiden earnings
Facebook stock has tumbled to a new low in after-hours trading, as its first quarterly earnings as a public company underwhelmed investors.
Already nervous after Zynga’s disastrous results on Wednesday, markets were unimpressed at Facebook’s mere meeting of analysts’ consensus forecasts with $1.18bn in revenue and earnings, excluding certain items, of 12c. Read more
Roku raises $45m to spread smart TV streaming
Roku and Vizio are the battling underdogs of the US TV industry, surviving and even prospering against bigger players thanks to their aggressive pricing strategies and rapid innovations.
Roku’s set-top box for streaming internet content has held its own against Apple TV, while Vizio has duelled effectively with Samsung over TV sales leadership. Now Roku has earned fresh legitimacy with a $45m investment led by News Corporation and its part-owned broadcaster British Sky Broadcasting. Read more
Get ready for the mother of all product launches.
That was the message earlier this week from the top brass at Apple. Sales of the iPhone 4S are winding down: with the coming of the iPhone 5, Steve Jobs’ heirs are about to face their first real test.
| About this blog | Blog guide |
Richard Waters has headed the FT's San Francisco bureau since 2002 and covers Google and Microsoft, among other things. A former New York bureau chief for the FT, he is intrigued by Silicon Valley's unique financial and business culture, and is looking forward to covering his second Tech Bust.
Chris Nuttall has been online and messing around with computers for more than 20 years and since 2004 has reported from the FT's San Francisco bureau on semiconductors, video games, consumer electronics and all things interwebby.
Maija Palmer has been writing about technology for the FT since 1999 and is fascinated by cybercrime, privacy and all the other issues of the information society. Based in London, she covers European tech companies and hopes that they won't all get acquired by American rivals.
Robin Kwong is the FT's technology, media and telecoms page editor in London. Formerly he was the Taipei correspondent and wrote about the companies that manufacture the vast majority of the world's computers and gadgets. He is interested in the intricacies of the technology supply chain and how China is increasingly changing the tech landscape.
Tim Bradshaw is the FT's digital media correspondent, and has just moved from London to join our team in San Francisco. He has covered start-ups such as Twitter and Spotify, as well as the online ambitions of more established media companies, such as the BBC iPlayer. He also covers the advertising, marketing and video-game industries. Tim has been writing about technology, business and finance since 2003.
