Author Archives: Scalper1
YY, China’s Twitter, Pegs Q3 Miss To Gaming Softness
China social networking company YY (YY) said higher revenue-sharing payments for music and entertainment content, beefier investments in its Huya Live online broadcasting service and the delayed launch of several online games contributed to its Q3 earnings miss. The company — one of several described as “China’s Twitter (TWTR)” — late Monday posted EPS excluding items of 71 cents, down 18% from the year-earlier quarter and well below the 82 cents
Amazon.com Rumored To Be Testing Air Cargo Operation
Amazon.com (AMZN) might be testing a secret air cargo operation to alleviate the holiday shipping crunch, according to an unconfirmed report from online magazine Motherboard. At a former DHL facility in Wilmington, Ohio, Air Transport Services Group (ATSG) has been running four flights a day with Boeing 767s to four airports in Pennsylvania, California and Florida, said the report. The Wilmington airport has two large runways and eight industrial