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Twitter inventory tumbles 15% after it purged faux accounts – CNNMoney

Posted in Trending Topics on 27th July 2018
Jack Dorsey: Twitter shows best and worst of democracy

Jack Dorsey: Twitter exhibits finest and worst of democracy

The variety of folks utilizing Twitter fell throughout the three months ending in June because it labored to scrub up the platform and adjust to new privateness rules.

The social community mentioned Friday that it had 335 million month-to-month customers world wide within the second quarter, down from 336 million customers within the quarter prior. The variety of month-to-month customers may additionally decline by “mid-single-digit thousands and thousands” within the third quarter, Twitter warned.

The corporate attributed the dip partially to “selections now we have made to prioritize the well being of the platform” and, to a lesser extent, complying with sweeping new information safety rules in Europe.

The inventory fell greater than 15% in premarket buying and selling Friday after the earnings outcomes, earlier than rebounding considerably.

On a convention name with analysts Friday, CEO Jack Dorsey mentioned Twitter would proceed to “make investments closely” in bettering the well being of the platform, calling it the “proper factor to do” for the corporate and “for society as a complete.”

“We imagine that Twitter’s worth as a every day service is enhanced when the dialog on the platform is more healthy and other people really feel protected freely expressing themselves,” Dorsey mentioned.

Twitter (TWTR) inventory has almost doubled this yr as the corporate confirmed indicators of a enterprise turnaround, its first ever streak of worthwhile quarters and renewed development in customers and advert gross sales.

Associated: Justin Bieber and Katy Perry amongst Twitter customers hit hardest by follower purge

However the markets have been jittery forward of Friday’s report after rival Fb (FB) spooked traders by warning of slowing gross sales development within the second half of the yr because it focuses on “placing privateness first.”

Twitter has centered on safeguarding the service in current months amid scrutiny of its position in spreading faux information and election meddling in addition to the broader information privateness backlash hitting the tech business. It cracked down on faux accounts, purging suspicious accounts from customers’ follower metrics and eliminated 143,000 apps final quarter for violating its insurance policies.

Like Fb, Twitter is working to adjust to the Common Knowledge Safety Regulation, which took impact in Europe within the second quarter. The corporate mentioned in April that month-to-month energetic consumer development might be “negatively impacted” by the brand new guidelines.

Though consumer numbers alarmed traders, Twitter’s enterprise stays robust. Its gross sales hit $ 711 million for the quarter, up 24% from the identical interval a yr in the past, and it posted its third consecutive worthwhile quarter.

UK to agree take care of eBay and Amazon over tax evasion – Monetary Instances

Posted in Trending Topics on 6th April 2018

UK tax officers are set to strike an settlement with on-line marketplaces together with Amazon and eBay that may give HM Income & Customs entry to their information to fight worth added tax evasion by abroad on-line retailers.

As a part of the settlement, which might be introduced this month, on-line platforms might be required to supply retailers information to the tax authorities so HMRC can spot developments in fraud. The platforms can even decide to do extra to teach sellers on their VAT obligations and take motion to dam distributors partaking in persistent tax evasion.

The tax authorities will invite on-line marketplaces to signal the brand new agreements and can publish a listing of the marketplaces that conform to their situations.

Amazon and eBay confirmed they might signal an settlement with HMRC.

The transfer comes after a stinging report final autumn, by which MPs on the general public accounts committee accused HMRC of being “gradual to behave” and on-line marketplaces of “not been taking the difficulty significantly”.

Based on the Nationwide Audit Workplace, the British authorities misplaced as much as £1.5bn final 12 months alone as the results of tax evasion by abroad corporations promoting items to customers within the UK with out charging or accounting correctly for VAT.

HMRC has estimated that non-EU sellers, principally from China, account for 60 per cent of the fraud and has stated the follow “could have some impact on the profitability of official companies”.

In final 12 months’s Finances, Philip Hammond, chancellor, introduced HMRC would make on-line platforms “collectively and severally” accountable for unpaid VAT arising from gross sales on their market in an effort to crack down on the evasion. The transfer was projected to extend VAT revenues by £50m a 12 months by the tip of the last decade.

Richard Asquith, a tax specialist at Avalara, a tax software program firm, stated the forthcoming settlement was prone to drive marketplaces to hunt out sellers who had been evading taxation.

“This new voluntary settlement extends 2017 Finances joint legal responsibility guidelines for the marketplaces the place they ‘knew or ought to have recognized’ that abroad on-line companies ought to have been UK VAT registered,” he stated.

Richard Allen of the marketing campaign group Retailers In opposition to VAT Abuse Schemes stated the transfer was a “constructive step” however HMRC wanted “a extra holistic method” with on-line marketplaces “ensuring they block accounts and take away listings of corporations discovered evading VAT” and HMRC “confiscating inventory once they discover fraudsters”.

The particular commitments made by the signatories will embody necessities for on-line marketplaces to supply information each on a voluntary foundation and in response to a authorized discover in order that HMRC can establish doubtlessly fraudulent merchants, know the size of their gross sales and have their contact particulars.

The settlement can even require marketplaces to teach sellers on their VAT obligations. In circumstances the place HMRC suspects fraud, marketplaces might want to act rapidly to make sure a enterprise registers for VAT and, if there’s ongoing non-compliance, blocks gross sales from these corporations on their web sites.

In a letter despatched to the general public accounts committee final month, Jon Thompson, chief govt of HMRC, dedicated to outlining an settlement and alluring on-line marketplaces to enroll to it.

“Now we have labored with a lot of on-line marketplaces to provide an settlement. Its objective is to foster a collaborative relationship between HMRC and on-line marketplaces to advertise tax compliance by customers of on-line marketplaces,” he stated.

Toyotas Scion brand is dead

Posted in Trending Topics on 4th February 2016

Toyotas Scion brand is dead

Welcome to the end, here’s your black Camry

So! We already awake today to find out that we cover a less car brand, as Toyota is killing Scion

It is not we kill the auto industry about here -. It’s a while since Scion has been sold in significant volumes, and I do not think anyone is shocked to see that it is. But here’s what I take away from it:. Pleasant die

It is not an exaggeration. Take it in. It is a real one. The transport industry is working in white bread before our eyes.

Scion was originally rolled out in 2002 to get teens and twenties in their first and second cars. And Toyota will tell you that was successful, because that’s how spiders work! “Scion achieving its objectives the development of unique products and processes and loads new, younger customers Toyota,” the company says. “Today’s younger buyers still want fun to drive vehicles that look good, but it is also more practical.”

“More practical.” Read it again. If you had come down Toyota’s full press release to a single sentence, the one to be.

If you have been as a result of the automotive industry all over the past few years on the edge or elsewhere, you will have noticed that major car companies are trying very hard to find ways to get sold cars. They read the same reports we do; they see the same trends. “Millennials do not want to own anything,” she told. And technological pressures of Silicon Valley – a place that many Millennials it happens – makes the case against the car owner even more attractive. There is uber, there is Google, there are a half dozen other companies that we march to a pool of fully electric driver pods we call an app. No oil changes, no insurance, no burglaries, no alternate side parking, no pain in the hole. You just get where you go when you need to get there.

Practical is the sworn enemy of fun. So when you put your brand in fun, bizarre hanging cubes with wheels, DJ culture, and the young, your species, spray today.

Dan Neil, whose reviews I’ve always liked, in 2003, wrote that the bizarre cube with wheels – the xB – is “aimed squarely at Japanophile Gen-Y buyers barely old enough to drive.” So here’s the thing: Generation Y live in the burbs now, buy minivans and trick soaking. And the boys and girls who replace them are told that they do not need licenses in a few years woe, because only a robot do the work for you. You know, maybe you’ll even simply log on to a fleet of vehicles for moving people and cargo.

It’s practical!

Strangely, even as Scion collapses been US vehicle sales at an all-time high, driven by fuel prices which were at a decade-plus. Most cars around these parts still running on gas, and we have hilarious, cutting to make full faint memories of spending $ 70 to the tank.

But if you look at the numbers, you can see why it is not fountains. Cheap gas inspires people to trucks and SUVs, do not buy it:

Technically, Toyota is the role of the Scion line-up in the Toyota brand. It does not really mean anything, though, because Scion is a shell of its fleur itself. His best sales year was 2006, when it sold 173,000 cars, and it has never recovered since.

Meanwhile, Toyota, the image of practical role. The children can now only buy a Camry. And you know what is great about what? . You can drive Uber with a Camry

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