Twitter's Q2 results, and three other things for PR pros to know Wednesday

Twitter's strong quarter; Instagram's new app; India's e-commerce boom

Twitter reported strong second-quarter results, with revenue up 124% year-over-year to $312 million. Its monthly active users also grew to 271 million, a 24% increase compared with the prior year. During the quarter, the social media company added 16 million more users worldwide who logged in at least once a month. Twitter's results were boosted by revenue from new types of mobile ads and a surge of activity during the World Cup.

Instagram is working on a new photo and video messaging app that could compete with Snapchat. The social network launched the app, called Bolt, in Singapore, South Africa, and New Zealand on Tuesday, with plans to introduce it in the US and Europe soon. Bolt allows users to snap and send photos and videos with one tap, and delete them with just a swipe.

The e-commerce market in India is heating up. Amazon, which launched its Indian website last year, said Wednesday it will invest an additional $2 billion in the country. Flipkart, India's largest e-commerce company, said Tuesday that it has raised $1 billion from investors, including American firms such as Tiger Global. Rival player Snapdeal has raised $233 million this year, about half of that from eBay, and it is considering an IPO in the next couple years.

McDonald's vowed to fight a decision by the National Labor Relations Board that said the fast-food chain could be treated as a joint employer with its franchisees in labor complaints. The ruling would make companies like McDonald's more vulnerable to campaigns by labor groups for improved working conditions and higher wages. McDonald's franchisees, which own 90% of its more than 14,000 US restaurants, are responsible for setting wages and overseeing conditions at their locations, the company says.

Would you like to post a comment?

Please Sign in or register.

News by email...