California lawmaker admonishes Lilly for failing to comply with transparency law

first_img @Pharmalot California lawmaker admonishes Lilly for failing to comply with transparency law Tags pharmaceuticalsSTAT+states California state Sen. Ed Hernandez called on Lilly to “simply lower the price of its insulin.” Rich Pedroncelli/AP Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. Ed Silverman What is it? Eli Lilly (LLY) was admonished by a California lawmaker for promoting a diabetes help center for patients who cannot afford their insulin while at the same time failing to lower prices or comply with a new state law that requires drug makers to disclose pricing details.In a harshly worded letter sent on Monday, state Sen. Ed Hernandez, who sponsored the transparency law, criticized the company for touting its Diabetes Solution Center at the same time that prices for insulin, made by several companies, has risen dramatically in recent years. An analysis published two years ago found that the cost of insulin, on average, more than tripled — from $231 to $736 a year per patient — between 2002 and 2013. Pharmalot What’s included?center_img Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. GET STARTED By Ed Silverman July 31, 2018 Reprints STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. About the Author Reprints [email protected] Log In | Learn More Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTEDlast_img read more

Deputies search for Lee County teen missing since February

first_imgAdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments RELATEDTOPICS Advertisement AdvertisementTags: Missing teen Missing Collier teen seen with man at Fort Myers Publix June 11, 2021 LEE COUNTY, Fla. – A 16-year-old girl has been missing since Feb. 13, according to the Lee County Sheriff’s Office. Deputies believe Arianda Simmons is still in the Fort Myers and Estero area. Simmons is 5 feet 5 inches tall, 115 pounds, and has brown hair and blue eyes. Anyone with information is asked to contact the sheriff’s office at 239-477-1000 or SWFL Crime Stoppers at 1-800-780-8477. AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 commentscenter_img Collier County deputies search for missing teen & one-year-old daughter May 14, 2021 Have you seen this missing Pasco County teen? April 14, 2021 Advertisement Advertisement Body of missing teen found in Miami, police suspect foul play May 18, 2021last_img read more

In Pictures: The new Laois GAA LOETB Centre of Excellence is absolutely class

first_img Facebook Pinterest GAA 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshin Facebook All the dignitaries were present in Laois GAA headquarters last week as the county board officially opened the LOETB Laois GAA Centre of Excellence on Fr Brown avenue in Portlaoise.GAA President John Horan, Leinster Council Chairman Jim Bolger and Laois GAA chairman Peter O’Neill were on hand to cut the ribbon as well as other GAA officials – including the most recent county chairman Gerry Kavanagh who was heavily involved during his reign.There was also numerous local politicians and business people, as well as representatives from the GAA clubs of the county in attendance for what was a momentous day.The €3.5 million project has been in progress and in use on some level for the last number of years but it’s completed now and is the envy of almost every other county in the country, with Laois GAA’s facilities now all on the same site and right beside O’Moore Park.With all county teams now using the facility, it’s already been credited with an upturn in fortunes for the county’s teams.Three full-sized, fully-floodlit pitches (two of them fenced in and all identical in size to Croke Park) are at its centre but the new 17,500 square foot building is hugely impressive too.As well as your normal stuff like four dressing rooms and referee rooms, there’s also a fully-fitted out kitchen downstairs, space to feed 100 people at a time in an adjacent room, meeting rooms upstairs that have views of O’Moore Park and a gym that can be divided and used as a hall (as it was for the official launch for the speeches) and of course a modern gym facility.If that’s not enough, the building is also the new home of the Laois GAA offices who have moved from their old base in Parkside.The entire project cost over €3m, €1m of which came from the GAA’s Central Council with €225,000 from the Leinster Council.A further €370,000 came from the sale of the land in Dooary in Ballyroan that Laois had initially purchased for their Training Centre while they also had €370,000 from the money given to the county from the GAA’s decision to rent out Croke Park to rugby and soccer from 2007 to 2011. Laois had ring-fenced that money for their proposed Training Centre.Laois have also received funding from the Sports Capital Grants, a €67,000 grant from Laois Partnership towards the gym equipment and a loan of €1million from AIB which will be paid back over 15 years.The land was originally owned by Portlaoise GAA Club and was sold to a developer during the boom with Portlaoise moving to a new location outside the town in Rathleague.The proposed development never went ahead though with the land coming back into the hands of Laois GAA via the GAA authorities in Croke Park when it was sold to them by local businessman Michael Killeen.The development of the Centre of Excellence brings to an end Laois’s quest to have a facility of this nature.Land was purchased in Ballyroan which was later sold while Laois also came in for land in Galmoy just across the border in Kilkenny. Feasibility studies were done to develop that but its location was an obvious disadvantage.Our photographer Julie Anne Miller captured a selection of images that show the development in its entirety. SEE ALSO – GAA President John Horan interviewed at the official opening of new Laois GAA Centre of Excellence TAGSLaois GAALaois GAA Centre of Excellence Pinterest Previous articleOur preview ahead of the All-Ireland Rounders semi-finals featuring The HeathNext articleLaois represented at major conference on Irish aviation history in Clifden Steven Millerhttp://www.laoistoday.ieSteven Miller is owner and managing editor of LaoisToday.ie. From Laois, Steven studied Journalism in DCU and has 14 years experience in the media, almost 10 of those in an editorial role. Husband of Emily, father of William and Lillian, he’s happiest when he’s telling stories or kicking a point. Home Sport GAA In Pictures: The new Laois GAA LOETB Centre of Excellence is absolutely… SportGAA Twittercenter_img Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory Here are all of Wednesday’s Laois GAA results By Steven Miller – 14th August 2019 GAA RELATED ARTICLESMORE FROM AUTHOR In Pictures: The new Laois GAA LOETB Centre of Excellence is absolutely class GAA WhatsApp WhatsApp Twitterlast_img read more

Banks endure profits challenge: Fitch

first_img The profits of global banks remain under pressure from weak headline economic growth and low interest rates, according to a report published on Wednesday by New York City-based Fitch Ratings. The positive fundamentals in the banking sector “continue to be challenged by below-trend economic growth” and low, or even negative, interest rates in core markets, the Fitch report says. U.S. action on climate benefits banks, asset managers: Moody’s High debt levels threaten banks’ strong results: Fitch Related news Facebook LinkedIn Twitter Share this article and your comments with peers on social mediacenter_img James Langton “Weak growth exerts pressure on the quality of legacy assets while dampening demand for new credit. Low or negative rates make it more difficult to manage net interest margins, squeezing profits,” it adds. Additionally, there are number of other downside risks facing the global banking sector, the report says, including post-crisis balance sheet troubles that are still being worked out, tougher regulation, and other issues. “The ongoing impact of conduct risk penalties for certain entities, political uncertainty, regulatory changes, and country-specific or idiosyncratic event risks are likely to challenge banks globally in 2017,” says David Weinfurter, global group head of financial institutions at Fitch, in a statement. On the upside, banks and banking systems around the world are now “materially less risky, with consistently improved credit fundamentals,” the report says. In particular, 80% of banks in developed markets have stable rating outlooks, 8% are positive, and just 12% are negative. The situation is a bit different in emerging markets, where 68% of bank outlooks are stable, 2% are positive, and 30% are negative. Keywords Banking industry G7 tax pledge may be upstaged by CBDC worklast_img read more

News Roundup: Young driver fined for breaking Quebec curfew by 12 minutes

first_imgIt’s finally happening. Dodge has confirmed that the howling, gas-snorting V8 engines that have traditionally powered its most muscle-bound cars like the Challenger and Charger SRT Hellcat are not long for this world. The U.S. automaker says the switch to electric power won’t lead to a decrease in performance, and should be financially feasible soon, but will that placate muscle car fans who expect their vehicle to grunt audibly like it’s pushing four plates a side? Maybe. Rubber still makes a sound when it melts, last time we checked. RELATED TAGSFlexNew VehiclesFlex Welcome to our weekly round-up of the biggest breaking stories on Driving.ca from this past week. Get caught up and ready to get on with the weekend, because it’s hard keeping pace in a digital traffic jam.Here’s what you missed while you were away.Young Ottawa driver gets fine for being out past curfew in Quebec—by 12 minutesA 17-year-old driver who’d been ice fishing with his father in Quebec for the day was fined $561 for being out on the roads 12 minutes past the provincial COVID-19 curfew of 8:00 p.m. According to the man’s father, he was just one set of lights from the Ontario provincial border and his home in Ottawa where the curfew was not in effect, driving slowly due to winter conditions, when he was handed the fine. The comments section on our coverage of the eventis lively, but we still haven’t heard from any officers… PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. Trending in Canada See More Videos First Look: 2022 Lexus NX The sport-cute’s looks have been softened, but its powertrains and infotainment offerings have been sharpened ‹ Previous Next › Created with Raphaël 2.1.2Created with Raphaël 2.1.2 A face mask hangs from a rear mirror in a car in Santiago, Chile, amid the coronavirus pandemic.  Martin Bernetti / AFP/Getty Images advertisement Dodge The Rolls-Royce Boat Tail may be the most expensive new car ever COMMENTSSHARE YOUR THOUGHTS Police investigating car captured jumping fence into schoolyard on videoPolice in Prince George, B.C., are looking for information on a video of a sedan jumping over a fence at the end of a strip mall parking lot and into the snow-covered back field of a school yard. Somebody shot the Dukes of Prince George’s shenanigans, posted it to social media where it gathered a ton of attention, and then took it down, probably when they saw the local RCMP had “Liked” it. Apparently the “jump” is even known to locals. Hot-rod part-maker Edelbrock closes California HQIt’s the end of an era in Torrance, California, where after over 80 years of operations, hot rod parts manufacturer Edelbrock has announced the permanent closure of its home base. Some 270 employees will be impacted by the change, with some potentially making the shift to the brand’s two Foundries locations in San Jacinto, California. There’s no knowing yet just what the news spells for the company, but it’s possible Edelbrock may simply be trying to shake off some of Cali’s regulatory shackles. Refreshed Tesla Model S won’t have gear selector or turn signalsIf you lined up interior photos of the photos of the current Model S and the upcoming refreshed Model S and played that “spot the difference” game, it wouldn’t take you long to land on a few key missing pieces. Photos of the new Tesla’s interior show a decided lack of gear selector or turn signals. In fact, there’s no stalks at all. But don’t worry, guys! Elon says it’s cool and that the car “guesses drive direction based on what obstacles it sees, context & nav map.” The yoke-style steering wheel is also so futuristic that the U.S. National Highway Traffic Safety Administration says it’ll have to investigate it before giving the go-ahead. Dodge says its V8s’ days are numbered, electrification incomingCreated with Raphaël 2.1.2Created with Raphaël 2.1.22020 Dodge Charger SRT Hellcat Widebody (Front) and 2020 Dodge Charger Scat Pack Widebody (Rear) Trending Videoslast_img read more

CU-Boulder Virtual Language Therapists On Leading Edge; Focus Of French Workshop

first_imgShare Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Published: May 6, 2007 University of Colorado at Boulder researchers are among a group of U.S. innovators who traveled to France in early May to share their expertise with French researchers who want to develop virtual speech and language therapists. The CU-Boulder Center for Spoken Language Research, or CSLR, researchers have been designing virtual therapists for the past seven years, testing the technology in clinical trials in the Denver and Chicago metropolitan areas. Unlike avatars or other “V-People” created for Web site and video-game entertainment, virtual therapists are designed to tutor children with reading problems and to help adults reclaim language skills impaired by stroke or Parkinson’s disease. Last year, a University of Bordeaux researcher asked Ron Cole, then director of CU’s Center for Spoken Language Research, to organize a workshop so French investigators could learn more about virtual speech and language therapists. The workshop was May 2 and May 3 at Victor Segalen University in France’s southwest Bordeaux region. The National Science Foundation funded the research and the workshop. Studies conducted over the past 30 years indicate that students and patients respond best to one-on-one teaching or therapy. But human teachers and therapists are not always available due to time and physical limitations. Researchers believe virtual people can fill in for humans when students need individual help or when patients in rural areas cannot travel long distances for treatment. “What the Internet provides now is the opportunity to provide these therapies with online clinician oversight,” said Cole, chief scientist at the Boulder-based company Mentor Interactive. “It’s possible to have hybrid systems that put humans in the loop for a little bit of the time. We think this is the future.” Since 2001, CSLR researchers have developed animated characters designed to provide guided, individualized tutoring sessions for students and patients. Students in 10 Colorado elementary schools have been interacting with a 3D virtual teacher called Marni during clinical trials over the past two years. The technology behind Marni is based on motion-capture methods used by Hollywood animation studios, computer programming, speech recognition technology and years of clinical research into the most effective speech and language therapies. CU-Boulder researchers also consulted with an international facial expressions expert. “We refined her appearance until we produced believable and realistic expressions,” Cole said of Marni. “She can produce expressions that go well with the tone of the voice to produce a varied delivery – just like a real storyteller.” CU-Boulder researchers are focusing their efforts on applications aimed at helping children who are learning English or who have reading challenges. They also are testing therapies for adults who have trouble speaking clearly due to Parkinson’s disease or aphasia caused by strokes. Lorraine Ramig, a professor in CU-Boulder’s speech, language and hearing department, developed the Parkinson’s treatment. Several schools in the St. Vrain, Denver Archdiocese and Boulder Valley school districts currently are participating in the development of ICARE, a learning assessment program featuring the virtual teacher Marni. Next year Marni will participate in a National Institutes of Health-funded study to evaluate students’ response to learning intervention. The latter program, one of five projects at the Colorado Learning Disabilities Research Center, will investigate whether all children can benefit from more intensive, individualized reading tutoring using a virtual teacher. Students will work on computers four times a week for 15 minutes to 30 minutes a day, depending on their age. “We will study whether children who respond quickly or slowly to the programs differ from each other in other ways,” said Barbara Wise, a CSLR researcher and independent educational therapist. “And we will study what are the more effective times to measure progress.” Students will work with the programs until they achieve grade-level reading, or up to two years, Wise said. Sponsors of the Bordeaux workshop included the NSF; CSLR; the Boulder-based Coleman Institute for Cognitive Disabilities; Victor Segalen University; and other French entities. Researchers from the University of Arizona, Northwestern University, the University of Chicago and the Air Force Academy also will attend. For more information about the CU-Boulder Center for Spoken Language Research and each of the Virtual Tutoring and Therapy programs, visit the CSLR Web site at cslr.colorado.edu/beginweb/research.html. For information about the workshop go to cslr.colorado.edu/beginweb/bordeaux_wkshp. To listen to a photo-enhanced CU-Boulder podcast about Marni, visit www.colorado.edu/news/podcasts/ .last_img read more

Amrita University Awarded ‘World Centre of Excellence on Landslide Disaster Reduction’

first_img Phoenix Business Consulting invests in telehealth platform Healpha The missing informal workers in India’s vaccine story Amrita University Awarded ‘World Centre of Excellence on Landslide Disaster Reduction’ MaxiVision Eye Hospitals launches “Mucormycosis Early Detection Centre” Heartfulness group of organisations launches ‘Healthcare by Heartfulness’ COVID care app Read Article Share Amrita University has successfully deployed the world’s first wireless sensor network system for detection and early warning of landslidesRecognising Amrita University’s cutting-edge research on detection and early warning of landslides, the International Program on Landslides (IPL) has bestowed on it the title of “World Centre of Excellence on Landslide Disaster Reduction.” The title, which the University will hold till 2020, was conferred at the 4th World Landslide Forum in Ljubljana, Slovenia. There are 20 such centres in the world, but none in India currently.Amrita University has successfully deployed the world’s first wireless sensor network system for detection and early warming of landslides in Munnar, Kerala. At the request of the Government of India, they have also deployed a similar system in Sikkim, Northeast Himalayas. This applied research, with significant global value for all landslide prone areas, was directly initiated by Amrita University Chancellor Mata Amritanandamayi Devi to develop low-cost technologies for wide-area monitoring of landslides.Dr Maneesha Sudheer, Director, Center for Wireless Networks and Applications, Amrita University, who spearheads the landslide research, explains, “Amrita University’s recognition as a World Centre of Excellence will allow us to increase capabilities within India while working collaboratively with the United Nations and other globally renowned research centres. Building on our existing real-time monitoring and early warning system, we plan to develop a comprehensive framework including landslide hazard mapping, remote sensing, low-cost sensing, big-data analytics, and decision models. The next steps in our research will provide an opportunity to implement end-to-end systems for real-time monitoring, detection and early warning of landslides in India. We will also undertake development of low-cost MEMS sensors and big data analytics platform for disaster risk reduction.”Landslides are the third most deadly natural disasters on earth, with $400 billion being spent annually worldwide for landslide disaster management. More than 300 people throughout the world die every year due to landslides. More than 12 per cent of the land area in India is susceptible to landslides. The major landslide prone areas in India include Western Ghats and Konkan Hills (Tamil Nadu, Kerala, Karnataka, Goa and Maharashtra); Eastern Ghats (Araku region in Andhra Pradesh); North East Himalayas (Darjeeling and Sikkim) and North West Himalayas (Uttarakhand, Himachal Pradesh and Jammu & Kashmir). The landslides in Bangladesh which killed more than 150 people last week have starkly underlined the nature of the threat to life and property posed by them.Amrita University was recently awarded another prestigious project by the International Programme on Landslides (IPL) to enhance the existing large-scale, real-time landslide monitoring and early warning system for landslide prone regions of the Himalayas and Western Ghats. This will entail designing and developing Intelligent Wireless Probes (IWP) containing different types of sensors and a low-cost GPS system, integrated with intelligent algorithms. The data collected from the field will be transmitted to an analysis centre, which will issue alerts if any potential landslides are foreseen.The centre has also initiated a landslide-research project with the British Geological Society and UK Met Office to develop regional thresholds for landslide warning from the real-time data of AMRITA’s field deployment in the Himalayas and Western Ghats. This project titled LANDSLIP also engages the community in providing an integrated early warning system to reduce the landslide risk. center_img WHO tri-regional policy dialogue seeks solutions to challenges facing international mobility of health professionals Related Posts News By salil sule on June 16, 2017 Indraprastha Apollo Hospitals releases first “Comprehensive Textbook of COVID-19” Menopause to become the next game-changer in global femtech solutions industry by 2025last_img read more

Education Ministry to Launch TV Channel

first_imgEducation Ministry to Launch TV Channel EducationAugust 17, 2013Written by: Garfield Angus Advertisements The Ministry of Education has plans to launch a television channel later this year, featuring mastery lessons in subject areas where some schools do not have the necessary expertise.Making the announcement at a recent back-to-school ceremony held at the Alpart Sport Club in Nain, St. Elizabeth, Education Minister, Hon. Rev. Ronald Thwaites said the medium will be “entirely devoted directly and through the cable to learning good instructions in Mathematics and English”.“This is the channel you must choose for yourselves, and for your children. You can watch the other things, but try your best to make sure that you are benefitting from the best teaching that we can give. Master teachers in the areas that you might not have readily available in your small school, you will be able to get through this venture,” he told the audience of teachers, students and community leaders.The Minister urged parents to get to know teachers from the start of the new school term, and maintain regular dialogue with them. Rev. Thwaites emphasised that the progress of children in school must be monitored by parents, and that discussions should be held between teachers and parents at least once per month.Meanwhile, he challenged teachers to not just begin with the curriculum, but to ensure that they understand the children’s needs. “Make sure you know what their individual learning profiles are, make sure you know what their strengths and weaknesses are. Take the time to make up for whatever deficiency or challenge that they have,” he stated. Story HighlightsThe Ministry of Education has plans to launch a television channel later this yearThe channel will feature mastery lessons in subject areas where some schools do not have the necessary expertiseRev. Thwaites emphasised that the progress of children in school must be monitored by parents FacebookTwitterWhatsAppEmail center_img RelatedTraining Academy in Orange Hill Hailed RelatedTransport Grant for PATH Students RelatedBursaries for 1,000 Tertiary Students in PATH Householdslast_img read more

AT&T to cut jobs, close hundreds of stores

first_imgHome AT&T to cut jobs, close hundreds of stores AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 16 JUN 2020 AT&Tjob cutsretail shops Diana is Mobile World Live’s US Editor, reporting on infrastructure and spectrum rollouts, regulatory issues, and other carrier news from the US market. Diana came to GSMA from her former role as Editor of Wireless Week and CED Magazine, digital-only… Read more Diana Goovaerts Related Previous ArticleLenovo unleashes first 5G laptopNext ArticleIntelligence Brief: How is Covid-19 affecting emerging markets? Author Amazon reels in MGM US chip funding tipped to top $150B AT&T pushes cybersecurity to public sector Tags The Communications Workers of America (CWA) union urged AT&T to change course after the operator informed it of plans to slash thousands of jobs and close more than 250 self-branded and Cricket Wireless stores in the coming weeks.In a statement, the CWA said AT&T notified it job cuts will include more than 3,400 technician and clerical positions, with the union noting store closures will impact 1,300 retail workers.CWA president Chris Shelton blasted the move, accusing AT&T of “adding to the pain” of an economic recession caused by the Covid-19 (coronavirus) pandemic.Referring to comments made to CNN by AT&T chief Randall Stephenson comparing the pandemic situation to wartime, Shelton questioned why the operator is “dismissing the troops”.He noted a close working relationship with AT&T, explaining the company had “showed an interest in investing in its workers and network by cancelling planned stock buybacks”.The union drew a connection between activist investor Elliott Management’s purchase of a stake in the operator in 2019 and the job cuts.RejigAn AT&T representative told Mobile World Live the cuts are part of a plan to focus on growth areas and realign its workforce based on demand and changing customer behaviours. The representative explained the store closures reflect an increase in online shopping, adding the plans were not new, but had been accelerated by the pandemic.Job reductions will span executive-level staff, managers and union-represented employees. Additional eliminations of “non-payroll workers” will top the number of manager and union layoffs, with the vast majority of these affecting workers outside the US, the representative added.Most retail employees impacted by the closures “will receive a guaranteed offer of another position with the company”, with those who don’t qualify or who choose to leave the company receiving severance pay.Technical and clerical staff will also receive a payout, along with up to six months of health cover.In April, AT&T COO John Stankey said it expected to reap $1 billion in savings from efforts to streamline its field services, retail and distribution operations. Subscribe to our daily newsletter Backlast_img read more

Adverts fuel Facebook Q1 gains

first_img Yanitsa Boyadzhieva AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore1 29 APR 2021 Subscriber, ARPU gains drive Indosat profit Asia Axiata Group cautious on earnings Related Home Adverts fuel Facebook Q1 gains FacebookQ1 earningscenter_img Xiaomi smartphone surge bears fruits Author Previous ArticleJazz gains on 4G growthNext ArticleVodafone, Qualcomm ally on open RAN Yanitsa joins Mobile World Live as a Reporter based in London. She has more than 5 years’ experience at various media outlets in her home country Bulgaria. She started her career as a political reporter, followed by taking editor roles… Read more Tags Facebook recorded nearly 50 per cent rise in revenue year-on-year in Q1 due to increased advertising gains, but warned the rise will probably be short-lived as a recent rollout of iOS privacy changes is expected to cloud its target ads.Revenue of $26.2 billion was up 48 per cent, with adverts accounting for $25.4 billion. Facebook cited a 30 per cent rise in average ad prices and a 12 per cent rise in the number delivered as the main drivers of the growth.But the company warned its current quarter would be negatively impacted by the iOS 14.5 update, which allows users to opt out of ad targeting.CEO Mark Zuckerberg said Facebook will invest in “new and meaningful experiences” in AR, VR, commerce and content creation.During Q1, average daily active users rose 8 per cent to 1.88 billion, with the monthly figure up 10 per cent to 2.85 billion.Net income of $9.5 billion was up 94 per cent. Subscribe to our daily newsletter Backlast_img read more