Browse content similar to 11/02/2016. Check below for episodes and series from the same categories and more!
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Now for the latest financial news with Sally | :00:00. | :00:00. | |
Twitter shares slump further as it fails to attract new users. | :00:00. | :00:26. | |
Plus, back to school, from flower arranging to learning | :00:27. | :00:29. | |
Serbian, we look at the booming business of adult education | :00:30. | :00:33. | |
Also in the programme: Janet Yellen fails to bring calm to financial | :00:34. | :00:45. | |
Rico Hizon is tracking the losses in Asia. But first: | :00:46. | :00:52. | |
We start with Twitter, because the social media site is continuing | :00:53. | :00:54. | |
Twitter's shares have slumped in after hours trading | :00:55. | :00:58. | |
after its latest results disappointed investors again. | :00:59. | :01:00. | |
They are worried Twitter is simply failing to grow its business. | :01:01. | :01:02. | |
Twitter made revenue of $710 million in the three months to December. | :01:03. | :01:07. | |
That was up 48% on the same period in the previous year. | :01:08. | :01:10. | |
So far, so good, but here's the problem. | :01:11. | :01:19. | |
Twitter had 320 million monthly active users in the period, that's | :01:20. | :01:21. | |
That number was unchanged on the previous three months. | :01:22. | :01:25. | |
In fact, if you strip out people receiving tweets via text message, | :01:26. | :01:28. | |
Twitters shares have lost more than two-thirds | :01:29. | :01:31. | |
And they are worth a little more than half what they | :01:32. | :01:36. | |
Investors had been getting used to earning reports from Twitter with | :01:37. | :02:02. | |
bad news about how many uses they were attracting. What they weren't | :02:03. | :02:09. | |
ready for was the number falling. -- users. That more than anything | :02:10. | :02:15. | |
explained their initial dive after the report came out. Bear in mind, | :02:16. | :02:20. | |
it has fallen by two thirds in the last year as investors apparently | :02:21. | :02:26. | |
lose faith that all the active tweeters can be translated into | :02:27. | :02:32. | |
business. Can their latest efforts to improve their service allow it to | :02:33. | :02:38. | |
turn the corner? They want to attract users once more and a way to | :02:39. | :02:46. | |
make more money from then. Twitter putts boss tried to sound up beat. | :02:47. | :02:54. | |
-- them. -- Twitter's. We believe we can create a connected audience that | :02:55. | :02:57. | |
watches together and can talk with one another in real-time. Twitter | :02:58. | :03:05. | |
has been alive for ten years now and we will continue to drive in the | :03:06. | :03:09. | |
future. The other question prompted by their problems and especially its | :03:10. | :03:13. | |
collapsing share price is does the company now become an irresistible | :03:14. | :03:18. | |
takeover target for other players in the technology sector? Check your | :03:19. | :03:24. | |
Twitter feed for updates. (LAUGHING). Thank you. | :03:25. | :03:27. | |
Tim Danton is Editor-in-chief of PC Pro magazine. | :03:28. | :03:31. | |
Raising a lot of questions there. Jack Dorsey, who has recently come | :03:32. | :03:37. | |
back as Chief Executive, of course, the founder of Twitter. Came back | :03:38. | :03:42. | |
only a few months ago and has made many changes. Talk us through what | :03:43. | :03:48. | |
he is trying to do now. The interesting phrase he used in that | :03:49. | :03:55. | |
live feed was that there was this idea of a connected daily audience. | :03:56. | :04:01. | |
That is his vision. He wants all other stations to happen on Twitter. | :04:02. | :04:09. | |
He wants us to be connected. -- communications. Let's say you happen | :04:10. | :04:15. | |
to be caught up in some sort of event. You can then simply streamed | :04:16. | :04:19. | |
the video there and then and everything will start concentrating | :04:20. | :04:24. | |
around you. He also mentioned Twitter is something like ten years | :04:25. | :04:29. | |
old and the real problem, really, is that the user numbers are not going | :04:30. | :04:36. | |
up, are they? It has hit a wall. There seems to be some sort of | :04:37. | :04:41. | |
barrier around the 300 million mark. It has been a problem for a while. | :04:42. | :04:46. | |
You can imagine why Wall Street has been concerned. To slump, in such a | :04:47. | :04:53. | |
new vital service, and then for it to go down, Facebook, for example, | :04:54. | :04:58. | |
is that 1.4 billion users, and the newcomers like WhatsApp and | :04:59. | :05:02. | |
Snapchat, where all the young people are going, it starts to make Twitter | :05:03. | :05:07. | |
look a little bit old. So, as we said earlier, perhaps it is an | :05:08. | :05:14. | |
irresistible takeover target. Who is hovering? There are many. Microsoft | :05:15. | :05:19. | |
I can definitely see going for it. Google could do it. If you look at | :05:20. | :05:27. | |
Google Plus, it shows you how difficult it is to make a platform | :05:28. | :05:34. | |
like this. Plus never worked for then. Facebook? I don't really see | :05:35. | :05:42. | |
that happening. -- them. Thank you for coming in. And of course, there | :05:43. | :05:47. | |
is a lot more on our website. And many of us are on Twitter as well. | :05:48. | :06:02. | |
Is to follow a there. -- So follow us there. | :06:03. | :06:03. | |
Let's turn to US interest rates now, because they could be staying where | :06:04. | :06:06. | |
US Federal Reserve Chair, Janet Yellen, has poured cold water | :06:07. | :06:10. | |
on the prospect of a second rise in interest rates any time soon. | :06:11. | :06:14. | |
In her testimony to Congress, she warned financial conditions | :06:15. | :06:16. | |
in the US have become "less supportive" of growth. | :06:17. | :06:18. | |
The US central bank raised interest rates by 0.25% for the first time | :06:19. | :06:21. | |
How is all that playing out on Asian markets? | :06:22. | :06:25. | |
Rico Hizon, Japan closed today, but Hong Kong opened. A funny week. | :06:26. | :06:30. | |
Indeed. What you can see right now in the market, mostly Red Arrows. | :06:31. | :06:35. | |
Hong Kong, South Korea, they have joined the downward trend across the | :06:36. | :06:46. | |
region. As you mentioned, Japan is really taking this well deserved | :06:47. | :06:51. | |
break after the steep falls on Tuesday and Wednesday. It is closed | :06:52. | :06:55. | |
today because of a public holiday. But the biggest losers are Hang | :06:56. | :07:04. | |
Seng. China Mobile as well shedding 4%. And then Korea, young they, | :07:05. | :07:15. | |
losing 2%. -- Hyundai. This ongoing concern over the global economy is | :07:16. | :07:17. | |
continuing to impact regional market. This was confirmed by the US | :07:18. | :07:24. | |
bank chairman in her speech to Congress. Thank you. Good to see | :07:25. | :07:26. | |
you. We are also continuing | :07:27. | :07:29. | |
our series this week Millions of adults across | :07:30. | :07:31. | |
the UK are heading back to school. For some, it's simply | :07:32. | :07:35. | |
an opportunity to learn a new skill For others it's a more serious | :07:36. | :07:38. | |
avenue back into the world of work. Alice Baxter went back | :07:39. | :07:42. | |
into the classroom, to try her hand You don't want to have one | :07:43. | :07:49. | |
flower... Do you know your flowers? No? Would you like to? I don't know | :07:50. | :07:58. | |
the names of any of these. I just think, that looks nice. If you are | :07:59. | :08:02. | |
applying for a job in a flower shop you would be in trouble. | :08:03. | :08:06. | |
(LAUGHING). These are two of the millions of UK adult learners | :08:07. | :08:09. | |
willing to pay for an authentic and novel experience. We decided to come | :08:10. | :08:14. | |
because we are getting married later this year and we thought we could | :08:15. | :08:18. | |
learn to do some table decoration. On the website they think it is a | :08:19. | :08:27. | |
trend set to flow. -- grow. We focus on cooking and things like that. | :08:28. | :08:33. | |
People come to learn directly from crafts people like Gus, textiles, | :08:34. | :08:39. | |
Hitchens, the idea is to go and learn from people directly, | :08:40. | :08:46. | |
professionals and their fields. -- kitchens. Sadly I don't think I | :08:47. | :08:53. | |
could make this my job. But it is left it to something with my hands, | :08:54. | :08:57. | |
something artistic, to learn a new skill, but I won't give up the day | :08:58. | :09:05. | |
job just yet. But for those with employment needs, the government | :09:06. | :09:08. | |
will help fund this to get people back to work. We are offering an | :09:09. | :09:13. | |
opportunity to get back to studying if they did not completed the first | :09:14. | :09:19. | |
time around. Also, graphic design, and make-up, health and social care | :09:20. | :09:24. | |
and childcare... Some of them are retraining or up skilling so they | :09:25. | :09:28. | |
can go out and find work. The government budget for adult learning | :09:29. | :09:36. | |
is $2.1 billion because they think students 19 and over will generate | :09:37. | :09:46. | |
an additional 9.9 billion. You are very linguistically capable... When | :09:47. | :09:52. | |
it comes to learning a foreign language, this woman's students are | :09:53. | :09:57. | |
paying for themselves. Despite the economic rewards, Britain is falling | :09:58. | :09:59. | |
behind many of European neighbours when it comes to supporting its | :10:00. | :10:04. | |
adult learners. Alice Baxter, BBC News. It is definitely her | :10:05. | :10:07. | |
strength, language. Luxury electric car maker Tesla says | :10:08. | :10:09. | |
it lost $320 million Its shares have lost almost | :10:10. | :10:16. | |
a third of their value since the beginning of the year on investor | :10:17. | :10:21. | |
concerns about continuing losses. However they jumped in | :10:22. | :10:23. | |
after hours trading after boss Elon Musk promised investors it | :10:24. | :10:25. | |
would stop losing money this year. Tesla is also forecasting a 60% | :10:26. | :10:28. | |
to 80% growth in vehicle sales. You are up-to-date. We will talk | :10:29. | :10:41. | |
about Janet Yellen and other stories in the papers, that is coming up | :10:42. | :10:43. | |
soon. Ministers are expected to confirm, | :10:44. | :10:49. | |
today or tomorrow, | :10:50. | :10:52. |