Tag: business startups

Twitter reports $645m loss for 2013

Staff Writer

Microblogging site Twitter has reported a net loss of $645m (£396m) for 2013, just three months after its flotation on the New York Stock Exchange. The loss was expected by analysts, who highlighted Twitter’s revenues, which rose 110% last year to reach $665m. But a reported slow growth in user numbers was a bigger concern for investors. Twitter averaged 241 million monthly users in the last quarter of the year, up just 3.8% on the previous quarter. The classic example is Satya Nadella, the new head of Microsoft. He used…

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Start-ups founded by immigrants are creating jobs all over America

Staff Writer

ON APRIL 19th Jack Markell, the governor of Delaware, is due to visit a new factory being built in his state by Bloom Energy, a start-up based in Silicon Valley. Bloom makes clean power-generation systems using a novel fuel-cell technology. It is investing over $40m in its facility in Newark and plans to hire hundreds of people. Some will be carworkers who lost their jobs in 2008 when Chrysler shuttered a factory that once stood on the same site. Gary Convis, Bloom’s chief operations officer, says that the company has…

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The European Commission’s Tech All Stars competition returns to honor the EU’s best startups

Staff Writer

The European Commission is really keen to support the EU tech community these days. It’s honoring the top tech entrepreneurs with Europioneers and meanwhile, the second edition of its startup competition Tech All Stars has just kicked off and is looking for entries. Tech All Stars was launched last year, with automated complaint resolution tool CogniCor emerging as the winner. This year’s competition is now looking for entries, and the finals are an international affair taking in Germany, the UK and Ireland. Adapted from thenextweb.com

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