Virgin America created a 6-hour YouTube advertisement. Google's Q3 financial results missed expectations with revenue of $16.52 billion, lower than projected. It hired 3,000 new employees and the chief business officer position will now oversee revenue activities. Facebook released a study on millennials through its new insight unit, finding they are not homogenous and have a fear of being offline, with most still preferring in-person socializing but refusing to leave home without their phones. Vice News is expanding with new local language newsrooms in Germany, France, Italy, Spain, Australia, Brazil and Mexico.
3. 2. Google’s Q3 Financials miss expectations
Thursday Oct 16, 2014
● Google posted $16.52 billion in revenue for Q3, disappointing analysts
who had forecast Google would haul in $16.57 billion in revenue.
● Shares fell 3% with the news.
● Total number of paid clicks, expanded by 17% in Q3. That was down from
the 25% growth rate that Google delivered in Q2.
● Google ramped up spending in Q3. The company increased its headcount
by roughly 3,000 employees, contributing to a 46% rise in R&D costs.
● Omid Kordestani is the new chief business officer. The chief business
officer is considered a key position, overseeing all the company's
revenue-generating activities & serving as a liaison to investors.
● CPC stabilized, declining only 2% y-on-y compared to the 6% dip in CPC
Google experienced in its Q2.
4. 3. Facebook on marketing to millennials
Wednesday, 15 October 2014
● “The Coming of Age on Screens” is the first outputs from Facebook IQ the
social network’s new insight unit.
● It is a qualitative and quantitative study covering around 11,000 13-24
year olds across 13 global markets.
● “Fear of being offline” is the new “fear of missing out” for millennials.
● It finds millennials to be a far from homogenous group, better
approached as 3 distinct groups.
● Personal interaction is still hugely important, with 64% of those surveyed
in the UK saying they still spend most time hanging out at friends’ houses
● 75% of millennials refuse to leave the house without their phone.
● Mobile is also the “first screen”: 90% of young people surveyed owned a
smartphone, but the least-used function, is to make a phone call.
5. 4. Vice News Expands
Friday, 17 October 2014
● Vice News will launch newsrooms in Germany, France, Italy, Spain,
Australia, Brazil and Mexico.
● Each newsroom will offer local language editions featuring in-depth
videos and editorial content.