The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.Currenciesread more
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
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
The U.K. will find out who its next prime minister will be this week as voting within the U.K.'s ruling Conservative Party comes to a close.Europe Politicsread more
In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Stocks in Asia were lower on Monday, as shares on a new Nasdaq-style technology board on the Shanghai Stock Exchange skyrocketed on their debut day.Asia Marketsread 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
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
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
"I see video as a mega trend, same order as mobile," said Facebook CEO Mark Zuckerberg on an earnings call on Wednesday.
Facebook is investing in more original video content in 2017, with a focus on shorter form content, Zuckerberg said. Short-form includes social content posted for friends, promotional content for brands and celebrities and premium content posted by creators, he said. Zuckerberg said he understands premium content needs to be supported by ads — and they are coming.
"Consumer video is exploding on our platform as Mark was talking about, and that really creates ad opportunities," said Sheryl Sandberg, Facebook chief operating officer.
No company has come close to dethroning YouTube ad-supported video platform. Recently, some of its top creators have complained about YouTube because of unannounced platform changes including algorithm tweaks and moves to push viewers towards more "advertiser-friendly" content. However, without a viable alternative for people to independently upload content and get paid for it, most people were stuck on YouTube.
If Facebook does unveil an ad model for short-form video, it could create competition in the marketplace. Facebook has been expanding its video functions, including adding a video tab, letting people post live video and experimenting with live 360-degree video. Zuckerberg had previously told BuzzFeed he expected Facebook to be mostly video within the next five years.
The company reported quarterly earnings on Wednesday of $1.41 per share versus the Thompson Reuters consensus estimate of $1.31 per share. It posted revenue of $8.81 billion, compared to the estimate of $8.51 billion.