These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
Gluskin Sheff's David Rosenberg is painting a painful picture for stocks as earnings season goes into full gear.Futures Nowread more
Rossello is facing public furor over an obscenity-laced online chat that showed the governor and his close advisers insulting women and mocking constituents, including victims...Politicsread more
If analysts at Credit Suisse are right, Instagram is about to turn into a cash cow for Facebook.
In a note published Monday, the firm estimated that Instagram will rake in more than triple its 2012 purchase price of $1 billion. Credit Suisse expects the mobile photo-sharing app to contribute $572.5 million for the first quarter and a whopping $3.2 billion for 2016.
Credit Suisse's analysis indicates that monetization of Instagram is accelerating. Other near-term growth drivers include Premium Video and Dynamic Product ads.
The firm believes that mobile ad revenue continues to be a near-term growth driver for Facebook. Credit Suisse analysts forecast that first quarter mobile ad revenue will grow 78 percent year over year versus just 3 percent on desktop.
Credit Suisse expects mobile ad revenue to account for 82 percent of total ad revenue for the first quarter of 2016. The firm maintained its outperform rating and slightly raised its price target from $140 to $142.
Facebook is expected to report first quarter 2016 results on April 27.