Mobile Minutes: Twitter’s earnings; Samsung Pay; Walmart and drones; Alibaba’s mobile growth
Dismal Twitter Forecast Sends Stock Lower
SAN FRANCISCO — Twitter, the social media company, gave investors a dismal forecast Tuesday for its fourth-quarter revenue and profits, sending its stock plunging more than 10 percent in after-hours trading.
Read more on New York Times
Samsung Pay sees strong repeat usage among US consumers
Samsung Electronics Co’s new mobile payment service Samsung Pay is seeing strong repeat usage among U.S. consumers with an average of eight transactions per user, the smartphone maker said on Tuesday.
Read more on Reuters
Walmart joins the race for drone deliveries
Walmart Stores Inc., the world’s largest retailer, wants to test drones for delivering products, entering a race with online competitors Amazon.com Inc. and Alphabet Inc.’s Google.
Read more on Bloomberg
Alibaba shares surge off strong mobile growth
Alibaba topped Wall Street forecasts for the second quarter on Tuesday, off “strong growth” from mobile revenue generated through its retail outlets in China.
Read more on USA Today