Good morning, here’s the technology news you need to know this Thursday morning as published by businessinsider.com
1. Facebook stock tanked despite the company crushing targets. Stock was down more than 8% in after-hours trading after the company told investors to brace for a “meaningful” slowdown in revenue growth rates and for “aggressive” investments next year.
2. Microsoft officially announced its work chat app Teams. It’s a direct competitor with Slack, the $3.8 billion (£3 billion) Silicon Valley darling that Bill Gates reportedly talked Microsoft out of buying for $8 billion (£6.4 billion).
3. Gawker has finally settled with Hulk Hogan. The settlement is for $31 million (£25 million).
4. Apple’s marketing boss says the MacBook Pro ditched a crucial port for photographers because it’s “cumbersome”. Phil Schiller responded to criticism of the new devices.
5. Fitbit stock crashed 30% after missing on sales and cutting its full-year earnings forecast. “We continue to grow and are profitable, however not at the pace previously expected,” said CEO James Park in the earnings statement.
6. Uber has redesigned its app. It now has an “Uber Feed” that displays information.
7. Netflix is working on a way for you to download shows and movies to watch when you don’t have internet. The company has been warming to the idea of a download button for a while.
8. Yelp stock popped 16% after reporting a surprise third-quarter profit. It’s also cutting 175 jobs.
9. Twitter put up billboards to show how it is connected to the world’s biggest issues.The ads are overlaid with the Twitter logo and hashtag symbol.
10. Alibaba stock popped after a “clean beat from top to bottom”. The company said the Chinese site now has 439 million annual active buyers, up from 386 million the year before.