Technology

Sirius XM reportedly planning to invest in Pandora Media

Sirius XM Holdings Inc is looking forward to invest in Pandora Media Inc, according to a recently published report by Reuters citing sources with the knowledge of the matter. The New York-based satellite radio company is discussing a private investment in public equity (PIPE) with Pandora, however the latest talks between the two companies could still …

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Market Technology

Twitter Inc (NYSE:TWTR) adds 9 million monthly users in the first quarter, shares up

Twitter Inc (NYSE:TWTR) shares jumped nearly 8 percent on Wednesday after the company announced its financial results for the first quarter that beat consensus forecast. The better-than-expected performance was mainly driven by new features and increased users’ interest in political news. The microblogging service said its subscriber growth surged 6 percent to 328 million, as …

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Technology

Netflix Inc. (NASDAQ:NFLX) shares flying high in the after-hour trading following strong subscriber growth in the third quarter

Netflix Inc. (NASDAQ:NFLX) announced strong subscriber growth in the third quarter as original shows lured new international viewers and helped the company to retain its U.S. customers in spite of a price increase. The company added roughly 3.20 million subscribers globally in the latest quarter, well above 2.01 million estimated by analysts. In the U.S, …

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Technology

Verizon Communications Inc. (NYSE:VZ) might walk away from a $4.83 billion deal with Yahoo! Inc. (NASDAQ:YHOO)

Verizon Communications Inc. (NYSE:VZ) might back out from a $4.83 billion deal to acquire Yahoo! Inc. (NASDAQ:YHOO)’s core internet business. Verizon recently said that Yahoo’s huge data breach of email accounts signifies a material impact, which could enable Verizon to withdraw from the agreement. Speaking to reporters in Washington, the company’s general counsel Craig Silliman …

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