Twitter is an online social networking service and microblogging service that enables its users to send and read text-based messages of up to 140 characters, known as "tweets". The service rapidly gained worldwide popularity, with over 500 million active users as of 2012, generating over 340 million tweets daily and handling over 1.6 billion search queries per day. Twitter has...
Instagram is a free mobile photo-sharing app with 80 million users and counting. It has seen many changes lately. Instagram was acquired by Facebook in April 2012, launched a redesign on iOS that includes a new “Explore” tab and is rumored to be developing a web presence (so that users can see photos online, not just on the mobile...
Operating across the country, mobile banking vans owned by Bank of Kigali (BK) are expected to provide banking services in remote areas of Rwanda. Rwanda’s largest lender by profit launched five mobile vans,  aimed at tapping into the country’s rural unbanked population, which also highlights that competition is driving innovation...
Not only will the upcoming iPhone 5 rake in tons of cash for Apple, it could also boost the overall U.S. economy.
At least that’s according to J.P. Morgan’s chief economist, Michael Feroli.
In a note to clients on Monday, Feroli said sales of the smartphone could add between 0.25% to 0.5% to fourth quarter annualized growth in the U.S., Reuters reported.
“Calculated using the so-called retail control method, sales of iPhone 5 could boost annualized GDP growth by $3.2 billion, or $12.8 billion at an annual rate,” he wrote.
Analysts at the financial services firm project that Apple will sell 8 million iPhone 5s in the fourth quarter, each with an expected retail price of around $600,” according to Reuters.
With $200 in discounted import component costs, the U.S. government can include $400 per phone into its GDP for the fourth quarter, the agency said.
Feroli added that his estimate for annualized growth should be met with some skepticism, as it “seems fairly large,” but emphasized that “the recent evidence is consistent with this projection.”
He pointed to the iPhone 4S’ strong sales — outperforming expectations — when it launched last October.
Apple sent out invitations for a press event on Sept. 12 at 10 a.m. PT (1 p.m. ET). Prominently featuring a number “5,” the invitation refers to the launch of Apple’s next-generation iPhone. The event will take place at San Francisco’s Yerba Buena Center for the Arts.

iPhone5Not only will the upcoming iPhone 5 rake in tons of cash for Apple, it could also boost the overall U.S. economy,at least that’s according to J.P. Morgan’s chief economist, Michael Feroli.

In a note to clients, Feroli said sales of the smartphone could add between 0.25% to 0.5% to fourth quarter annualized growth in the U.S., Reuters reported,“Calculated using the so-called retail control method, sales of iPhone 5 could boost annualized GDP growth by $3.2 billion, or $12.8 billion at an annual rate,” he wrote.

Some investors and Facebook insiders may be rushing to sell off their stock in the company, but atmark-zuckerbergleast one person plans to hold onto his shares for a while: Facebook’s CEO and co-founder Mark Zuckerberg.

Facebook revealed in a filing with the Securities and Exchange Commission on Tuesday that Zuckerberg has “no intention” to sell any of his Facebook shares for at least the next year.

Approximately 57% of all Facebook users access the world’s number one social network from theirfacebook-phonemobile devices, according to new info from social media tracker, SocialBakers.

The latest figures from SocialBakers peg Facebook’s mobile users at 543 million, showing 57% penetration of the site’s 955 million active monthly users.

imagesEvery year when Google files its documents with Companies House, a fresh wave of outrage follows at the small size of its tax bill.

The UK is Google's second largest market, with $4bn in sales coming via UK customers last year according to US filings.

The three executives spoke primarily about the company’s advertising products,facebook-world-edit which accounted for 86% of its revenue in the second quarter.

Zuckerberg emphasized the need to make ads more social  most ads on Facebook right now are not. He noted that Sponsored Stories, Facebook’s primary “social” ad product, is now generating $1 million in revenue per day, about half of which comes from mobile.

More mobile customers and increasing mobile data use pushed AT&T's revenue up slightly in the second quarter of 2012 and helped drive an 8.7 percent increase in net income.
AT&T on Tuesday reported revenue of US$31.6 billion, up 0.3 percent from the second quarter of 2011. Net income was $3.9 billion, compared to $3.6 billion a year ago. Mobile revenue was $16.4 billion, up 4.8 percent from the second quarter of 2011, and mobile data revenue was up by $1 billion or 18.78 percent.
Excluding the revenue for AT&T's advertising solutions unit, which it sold May 8, revenue was up 2 percent, the company said in a press release.
The company reported an addition of 1.3 million mobile customers, bringing the number to 105.2 million.
The company also reported the first revenue growth in its enterprise services in four years, as well as a 1.7 percent growth in consumer wireline revenue, the largest growth there in more than four years.
AT&T's earnings per share for the quarter were $0.66, beating analyst expectations of $0.63.
The quarterly results showed "strong execution across the board," Susan Johnson, AT&T's senior vice president of investor relations, said in a video posted on the company's website. "No matter how you cut it, we had an outstanding wireless quarter, thanks to our focus on mobile data."
AT&T sold 5.1 million smartphones during the quarter, with 3.7 million of Apple's iPhones activated, the company said in a press release. Smartphone users are "valuable customers" giving AT&T twice the revenue of other mobile customers, Johnson said. About 43 million AT&T mobile customers own smartphones, officials said.
The company's wireline revenue for the quarter was $14.9 billion, down 0.8 percent from a year ago. Residential wireline revenue was $5.5 billion, up 1.7 percent. The company's U-verse broadband and television service revenue grew 38.3 percent from a year ago.
U-verse TV added 155,000 subscribers to reach 4.1 million during the quarter, while U-verse broadband added 553,000 customers to reach 6.5 million. Total broadband connections, including DSL, declined by 96,000, however.
The company reported a "very strong quarterly performance," independent telecom analyst Jeff Kagan said in an email. "While the traditional wire line business may be declining, wireless, Internet and U-verse television are rising."

More mobile customers and increasing mobile data use pushed AT&T's revenuethree-phones-four-g up slightly in the second quarter of 2012 and helped drive an 8.7 percent increase in net income.

AT&T on  reported revenue of US$31.6 billion, up 0.3 percent from the second quarter of 2011.

FNB’s Cellphone Banking customers are now able to do banking on Facebook.Ravesh-Ramlakan-300x225This first in banking innovation in South Africa, enables the bank’s customers to access certain banking services while on Facebook.

“As a bank, we average around 15 000 conversations monthly, via social media, with existing and potential customers.