Reuters Technology Report: July 27, 2016

Click to View in Browser Wednesday, July 27, 2016 Facebook trumps estimates on blistering ad sales growth (Reuters) - Facebook Inc's quarterly profit and revenue blew past Wall Street estimates as the company's hugely popular mobile app and a push into video attracted new advertisers and encouraged existing ones to spend more. As iPhone sales stagnate, services promise growth for Apple (Reuters) - Though Apple Inc is selling enough iPhones to keep investors happy for now, the world's most valuable publicly traded company is set increasingly to rely on its apps and services to drive growth. Twitter's video push seen taking time to fast-forward growth (Reuters) - Video may have killed the radio star, but it could offer a lifeline to Twitter Inc . Just don't expect a turnaround in the company's flagging fortunes anytime soon, analysts said. GoPro revenue plunges 47 percent, but beats estimates (Reuters) - GoPro Inc's quarterly revenue plunged 47.4 percent, but beat analysts' estimates, which have been sharply lowered on shrinking demand for the company's body-mounted point-of-view cameras. Apple CEO touts future technology amid iPhone worries SAN FRANCISCO (Reuters) - As iPhone sales declined for the second straight quarter, Apple CEO Tim Cook peeled back the curtain ever so slightly on its work in artificial intelligence and augmented reality, aiming to reassure investors that the company is ready to ride the next wave of technology. Exclusive: Alibaba, eBay, CVC bid for Polish auction site Allegro - sources WARSAW (Reuters) - Chinese e-commerce group Alibaba , U.S. online retailer eBay Inc , and private equity firm CVC Capital Partners are among the bidders for Eastern Europe's No.1 auction website Allegro from South Africa's Naspers , sources said. IBM steps up efforts in fight against Zika (Reuters) - International Business Machines Corp said on Wednesday it would provide its technology and resources to help track the spread of the Zika virus. YouTube star PewDiePie's firm rakes in $8 million profit STOCKHOLM (Reuters) - YouTube video star PewDiePie's company made 70 million crowns ($8.1 million) profit in 2015, an annual report filed in Sweden showed, following controversy over payments for video game promotion. Fast growth, dating services come between Sofi and bank license: CEO (Reuters) - Online lender Social Finance Inc is unlikely to seek a banking license because its fast growth and involvement in unorthodox activities like dating services would make it hard to win approval from regulators, according to its chief executive. Comcast profit drops on film sales, beats Wall Street estimates NEW YORK (Reuters) - Comcast Corp reported a 5 percent drop in quarterly earnings on Wednesday, hurt by lower film division sales, but managed to beat Wall Street expectations due to growth in its business services and high-speed internet units. Related Video Belgian scientists turn urine into drinking water Belgian scientists turn urine into drinkable water 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