Gawker Is Revived with New Design, Familiar Irreverent Tone

Gawker — the former online site covering news related to celebrities, media figures and tech entrepreneurs — is live again, headed by Leah Finnegan who has held editing positions with The Outline, The New York Times and The Huffington Post. Started by journalist Nick Denton in 2002, Gawker became an irreverent digital destination and the base of Gawker Media, which also included Deadspin for sports, Gizmodo for technology and Kotaku for gaming. The company was brought down by a 2016 invasion-of-privacy lawsuit filed by Hulk Hogan (and bankrolled by Silicon Valley’s Peter Thiel). Continue reading Gawker Is Revived with New Design, Familiar Irreverent Tone

Facebook Profits Skyrocket, Beating Wall Street Expectations

Facebook finished 2015 with a strong fourth quarter, with sales rising 52 percent from a year ago to $5.84 billion, and profit more than doubling from $701 million to $1.56 billion. The upswing beat Wall Street’s predictions for Q4 of $1.2 billion in profit on $5.37 billion in revenue. Investors rewarded the company by pushing its stock up more than 12 percent in after-hours trading. Responsible for the stupendous upward trend is mobile advertising, which soared to 80 percent of the company’s total ad business in Q4 2015. Continue reading Facebook Profits Skyrocket, Beating Wall Street Expectations