World
Twitter claims it's bigger than Facebook

Twitter's remarks came during Deutsche Bank's technology conference recently where he observed that Twitter is equal, or perhaps, even bigger than Facebook

 

With the Facebook user base touching 1.49 billion - or roughly 20 percent of the world's population - can any social networking site claim to be bigger than this? Well, Twitter does.
 
Although it has reported 316 million users in the second quarter - around five times less than Facebook's figure - and its stocks not doing very well either, it did not deter Twitter's chief financial officer Anthony Noto recently observing that Twitter was not behind Facebook, Quartz reported.
 
Noto's remarks came during Deutsche Bank's technology conference recently where he observed that Twitter is equal -- or perhaps even bigger than Facebook -- "depending on how you measure it".
 
"I often get the question from friends [who] are like, ayou know Facebook has over a billion users', and I am like, 'well, we have an audience, depending on how you measure it, that's pretty comparable," he was quoted as saying.A
 
"But they only have that audience, they only have the 1.4 billion they report, there's no other number. We have other audience numbers that no one talks about and when you add those up it's a big number, in fact in some scenarios you could argue that it's bigger," Noto added.
 
The "other numbers" that Noto was referring to are logged-out users (people visiting Twitter who don't have accounts or don't log in) and those who see syndicated or embedded tweets elsewhere.
 
In July, then-CEO Dick Costolo told analysts that half a billion logged-out users come to Twitter each month, and there are even more people who see tweets distributed via partners, such as CNN and ESPN.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
 

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COMMENTS

Abhijit Gosavi

2 years ago

The reason Twitter is losing users is that unless you're well-known, you won't get much interaction there. On Facebook, obviously, there's interaction with your personal friends. For any for-profit entity, the bottom line of revenue ads cannot be ignored; Twitter needs to be very worried.

Sun Pharma to sell two divisions to Strides

In a statement issued jointly with Strides, Sun Pharma said the two have entered into a definitive agreement related to Solus and Solus Care divisions of erstwhile Ranbaxy

 

Indian drug major Sun Pharmaceutical Industries Ltd will sell its two divisions operating in the central nervous system (CNS) segment to Strides Arcolab Ltd for Rs.165 crore.
 
In a statement issued jointly with Strides, Sun Pharma said the two have entered into a definitive agreement related to Solus and Solus Care divisions of erstwhile Ranbaxy.
 
According to the statement, Sun Pharma will transfer the two marketing divisions along with the employees to Strides.
 
The two divisions have been accounting for a revenue of Rs.92 crore.
 
Commenting on the transaction, Abhay Gandhi, CEO - India Business, Sun Pharma said: "The agreement with Strides is part of our strategy to firmly consolidate our CNS business in India."
 
According to him, post successful completion of Ranbaxy's merger the company had an opportunity to assess the entire portfolio of its India business.
 
"We have evaluated each and every therapy segment that we are present in and how these businesses can grow going forward. Based on this evaluation, we firmly believe that the potential of Solus and Solus Care divisions can be greatly enhanced with the focus that Strides will put in growing them," he was quoted as saying in the statement.
 
According to Subroto Banerjee, president-Brands, India of Strides, the acquisition of the two divisions will enable growth of the company's branded business in India.
 
The transaction is subject to approval from the Competition Commission of India and other customary closing conditions. All other terms and conditions of the transaction are confidential, the two companies said.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
 

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'UPA awarded Aadhaar card projects over Rs.13,000 crore without tenders'
Aadhaar card projects of the UIDAI worth over Rs.13,000 crore were awarded without issuing tenders by the previous UPA government, according to a RTI response, an activist said here on Saturday.
 
RTI activist Anil Galgali had submitted queries under the RTI to the UIDAI officials, Public Information Officer S.S. Bisht and Deputy Director-cum-PIO R. Harish who provided the replies about the amount spent on the projects which was then headed by technocrat Nandan Nilekani.
 
In the reply, the UIDAI officials disclosed that total project contracts worth Rs.13,663.22 crore were awarded without any tenders of which an amount of Rs.6,563 crore has been already spent on issuing 90.3 crore Aadhar Cards till May 2015.
 
They further informed that a total 25 companies were awarded different responsibilities for the massive project and their empanelment was done under the process guidelines of Request For Empanelment of May 19, 2014.
 
"This is shocking as various sections of people, including the Supreme Court and civil society groups have expressed serious concerns about the right to privacy with sensitive personal data of 125 crore population going in the hands of private companies," Galgali told IANS.
 
He urged Prime Minister Narendra Modi to order a probe into the UIDAI to ensure transparency in the award of contracts for Aadhaar cards.
 
"The sensitive datas of finger prints and iris of each and every Indian could be unsafe with private companies," cautioned Harsheet Shah, cyber law expert-cum-researcher.
 
According to the information, some of the companies awarded more than one project works include: Tata Consultancy Service, Mac Associates, Wipro, HCL, HP India Sales Pvt. Ltd., National Informatics Centre, Sagem Morpho Securities Pvt. Ltd, Satyam Computer Services Ltd, L1 Identity Solutions, Totem International Ltd., Linkwel Telesystems Pvt. Ltd. Sai Infosystems India Ltd, Geodesic Ltd, ID Solutions, NISG, SQTC, Telesima Communications Pvt. Ltd.
 
Others which secured a single contract include: Reliance Communication, Tata Communications, Aircel, Bharati Airtel, BSNL and Railtel Corporation of India Ltd.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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