6
This content is rated TV-MA, and is for viewers 18 years or older. Are you of age?
Sorry, you are not old enough to view this content.

CNET Update: Twitter IPO reveals interesting tidbits

About Video Transcript

CNET Update: Twitter IPO reveals interesting tidbits

2:50 /

The social network shares details on its finances and users for the first time, Instagram will begin to show ads, and hackers steal data on 3 million Adobe customers.

It's a new era for Twitter. I'm Bridget Carey and this is your CNET Update. Twitter is going public. The micro blogging site is on track to make its stock market debut in November and it's hoping to raise $1 billion from investors. In its filing with the Security and Exchange Commission, it sure hits financial data for the first time and there are a few interesting tidbits. For one, Twitter is not profitable right now. In the first half of the year, it brought in $254 million but it spent more than that. Currently, it has a net loss of nearly 70 million. In no year has Twitter made a profit. However, that could change. The network is on track to double its revenue from last year. We also learned Twitter has 218 millin users, which is less than the fifth of the size of Facebook. Twitter is better than Facebook at making money from mobile users. About 75 percent of active users on Twitter each month access it from a mobile device and that's where it makes most of its ad revenue. But when people use other programs to access Twitter like Tweet Deck or some Mac programs, it can't fully calculate member activity. So, that means Twitter doesn't see the full picture. And in other social media money making news, Instagram will soon be inserting photo and video advertisements into the stream for U.S. members. Instagram said users will notice the occasional ad in the next couple of months. Here's another reason why you should not use the same password on multiple websites. Three million accounts of Adobe users were hacked and usernames and passwords were compromised. Adobe says it's notifying everyone impacted and resetting passwords. The hackers will likely use those passwords on other websites and e-mail accounts to see if keys can open other doors so to speak. Anyone affected should change other logins that use the same password. The attackers also got credit and debit card information but they were encrypted, nevertheless anyone affected should keep an eye on their bank and credit accounts. Adobe will provide one year of free credit monitoring membership for compromised users. This also goes beyond passwords. The hackers got source code for Adobe programs including Acrobat and ColdFusion. Getting the source code means hackers can study it to find flaws to make malware or exploit it in other ways. The iPhone 5C, Apple's colorful new iPhone, has been on sale for two weeks and already it is discounted for $50 at Best Buy. The retailer will take $50 off the price of the 5C but it's also applying the sale to some Galaxy smartphones like the S4 and the Note 2. The deal lasts through Monday. That's your tech news update but you can get more details at cnet.com/update. From our studios in New York, I'm Bridget Carey.
  • This is the interactive sidebar!

    Click any icon for more information as they appear--don't worry, we'll pause the video and wait for you to come back.

  • Links Polls Galleries
  • Video Review

New releases

Winning apps for coaches
1:03 March 27, 2015
Anyone who has ever coached youth sports knows the frustrations of communicating important messages to dozens of families. In this...
Play video
Imperial Star Destroyer joins growing fleet of 'Star Wars' drones, Ep. 197
4:35 March 26, 2015
This week on Crave, we navigate crowds while staring at our phones, catch space junk with fish nets, and ogle a new "Star Wars" taking...
Play video
Birdly uses VR, a fan and your flapping arms to simulate flight (Tomorrow Daily 151)
28:21 March 26, 2015
On today's show, Ashley and Khail check out bird-flight simulator Birdly (complete with hydraulic flapping arm mechanism), a father...
Play video
Expect the new Apple TV at WWDC 2015
5:28 March 26, 2015
Reports point to a a brand new Apple TV in June; we take a look at an Apple Drone concept; and the App of the Week is Memoji Keyboard....
Play video
A too-small oven stymies Electrolux's gas range
2:03 March 26, 2015
Electrolux's mid-price 30-inch Gas Freestanding Range with IQ Touch Controls has entry-level capabilities.
Play video
2015 Kia Sedona
5:39 March 26, 2015
Brian Cooley test-drives the Kia Sedona minivan and offers his take on how it stacks up against its rivals.
Play video
Xiaomi Yi Action Cam is way better than its price
1:25 March 26, 2015
The Yi's video quality and shooting options are well above other cameras in its class, but you'll need to bring your own accessori...
Play video
Facebook's new features and Twitter launches Periscope
2:58 March 26, 2015
Facebook lays out new features, Twitter launches a Meerkat hunter and Steven Spielberg gets the call to direct "Ready Player One."
Play video