Reuters Technology Report: January 27, 2016

Click to View in Browser Wednesday, January 27, 2016 Facebook beats expectations as mobile drives ad sales, shares soar (Reuters) - Facebook Inc reported a far better-than-expected 51.7 percent jump in revenue for the final quarter of 2015 as new advertising formats and an improved mobile app drove a sharp rise in ad sales, sending its shares soaring in after-hours trading. EBay fails to post revenue growth in holiday quarter (Reuters) - EBay Inc reported no growth in revenue in the holiday quarter, during which it faced intense competition from bigger e-commerce rival Amazon.com Inc as well as traditional retailers. PayPal's revenue beats estimates as transactions increase (Reuters) - Payment processor PayPal Holdings Inc reported better-than-expected quarterly revenue as it added customers and processed more payments and the company said it would buy back up to $2 billion of its stock. Qualcomm forecasts second-quarter profit below estimates (Reuters) - Qualcomm Inc forecast current-quarter profit below analysts' estimates as demand for the company's chips for mobile devices weakened amid stiff competition from Chinese and Taiwanese rivals. Trans-Atlantic data talks targeted by U.S. Republicans at 11th hour WASHINGTON (Reuters) - A senior U.S. Senate Republican took a swipe on Wednesday at an effort to forge a new deal on the movement of electronic data between the United States and Europe, such as Facebook user information, but it was unclear if he had jeopardized the unfinished pact. Google ships five million Cardboard virtual reality devices (Reuters) - Alphabet Inc's Google said it had shipped 5 million units of the Google Cardboard viewer, a wearable device that allows users to experience virtual reality through mobile apps. Apple shares fall most in two years in wake of earnings report (Reuters) - Apple Inc shares fell more than 6.5 percent on Wednesday, the biggest percentage drop in two years, after the company reported its slowest-ever rise in iPhone shipments and forecast that quarterly sales for the current period would post the first drop in 13 years. UK PM Cameron under pressure over Google tax deal LONDON (Reuters) - British Prime Minister David Cameron came under increasing pressure on Wednesday over a back tax deal agreed by Internet group Google that was hailed by his finance minister as a major success but dismissed as "derisory" by the opposition Labour Party. Celebrity backed anonymous messaging app alarms parents, politicians JERUSALEM (Reuters) - A new app that allows users to send anonymous text messages is causing alarm among parents, politicians and some teenagers, who say it is being used as a weapon for cyber-bullying. United Technologies quarterly revenue falls 4.5 percent (Reuters) - United Technologies Corp, which makes Pratt & Whitney aircraft engines and Otis elevators, on Wednesday reported a 4.5 percent decline in fourth-quarter revenue, hurt by a strong dollar. Related Video Kadabra promises musical magic Crash-proof Gimball drone explores ice cave Mediafile How about Hightail-ing it? On Twitter, dubious health claims from e-cigarette bots A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today A quick-fix on the day's news delivered when you want it. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2016 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook