Surge In Smartphone Use Is Threatening Online News Organizations

By Kieran Guilbert LONDON (Thomson Reuters Foundation) – A surge in the use of smartphones as the leading device for accessing online news and the growing influence of social media could lead to an uncertain financial future for news organizations worldwide, a think tank said on Tuesday. Many news outlets are struggling to profit from smartphone content as more people

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Outgoing Twitter CEO’s Shares Surge As Investors Cheer

Twitter CEO Dick Costolo stepped down Wednesday, six weeks after the company reported poor earnings that drove its shares down almost 25 percent. Twitter co-founder Jack Dorsey will replace Costolo and serve as interim chief executive, effective July 1, the company said. Twitter said in a Securities and Exchange Commission filing on Wednesday that Costolo will be stripped of all

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