Jan 27, 2017

Hot in Silicon Valley: LinkedIn's financial numbers

Kia Kokalitcheva
LInkedIn reveals first financial results as part of Microsoft

And it's not too shabby: It generated $228 million in revenue this quarter, and a net income loss of $100 million.

What it means: Microsoft's acquisition of LinkedIn closed in December, so the latter didn't even contribute a full quarter's financials. For context, LinkedIn generated $960 million in revenue the previous quarter. Now as part of Microsoft, it won't publish updated member numbers, but it will still have to show it's growing its revenue and getting users to spend more and more time on the service.

Tesla sues a former employee

The electric car company has filed a lawsuit against Sterling Anderson, a former director of Autopilot programs, for allegedly trying to poach employees for his own startup and taking confidential information, according to TechCrunch.

Why now? Self-driving technology is one of the hottest areas in the industry right now, so it's no wonder that that there's fierce competition among companies.

Go deeper

Sara Fischer

Older candidates take the lead on social media

Illustration: Eniola Odetunde/Axios

Michael Bloomberg, Bernie Sanders and Joe Biden — all close to 80 — are pushing the boundaries on social media, while their younger Democratic presidential rivals are comparatively staying out of the fray.

The big picture: President Trump's unexpected rise to political power has shown Democrats and world leaders the power of harnessing popular internet culture to get elected.

Go deeperArrow17 mins ago - Politics & Policy
Axios

South Korea and Italy step up emergency measures as coronavirus cases jump

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The novel coronavirus has spread to more nations as South Korea and Italy step up emergency measures in their countries amid rising case numbers on Sunday.

The big picture: COVID-19 has killed at least 2,462 people and infected almost 79,000 others, mostly in mainland China. South Korea increased the infectious disease alert to red, the highest possible, as its case numbers jumped to 602 and the death toll to five. Italy's government announced emergency measures, with several towns in the north effectively placed in lockdown, as it confirmed two deaths and infections rose to 79.

Go deeperArrowUpdated 4 hours ago - Health
Axios

Bernie Sanders wins Nevada caucus

Democratic presidential candidate Sen. Bernie Sanders waves to supporters at a campaign rally on Friday in Las Vegas. Photo: Mario Tama/Getty Images

Sen. Bernie Sanders is projected to handily win the Nevada Democratic primary caucus, becoming the clear frontrunner among 2020 Democratic presidential primary election candidates.

Why it matters: Nevada is the first state with a diverse population to hold a nominating contest, highlighting candidates' abilities to connect with voters of color — particularly Latino voters.

Go deeperArrowUpdated 4 hours ago - Politics & Policy