Twitter shares valued at more than $24bn
Twitter’s stock market debut had exceeded expectations as the company’s value rose to more than $24bn.
Twitter set a share price of $£26 on Tuesday, but due to fierce bidding, it rose 73%. At one point the shares were over $50, but closed the day at $44.90.
The company itself has never made a profit, so the share prices were a lot higher than expected.
Instagram blocks drug adverts
Instagram has blocked searches for certain terms associated with the suspected sale of illegal drugs using the social network.
This was brought to the company’s attention after a social media series by the BBC, called #BBCTrending, uncovered many images and videos of drugs posted to the photo sharing network, advertising their sale.
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On Instagram’s ‘report photo/video’ section, one of the options is to identify suspected drug use.
It was reported that most of the drug-related images appeared to be taken in the US.
One picture reportedly shows a variety of pills with the caption: $2 a pop for xans, $10 a pop for roxys." This is suspected be referring to Xanax and Roxicodone, drugs that require prescriptions in the US and UK, but can be sold illegally on the black market.
EE announces £8m data bundle
The UK mobile operator has announced the world’s first petabyte data bundle for businesses.
The one-million-gigabyte option is the biggest in a range of shared data bundles that EE is offering its business customers.
The bundles are available in 50TB, 100TB, 200TB, 500TB and 1PB.
EE has said that the new bundles could cost as little as £8 per gigabyte for a petabyte of data, meaning that the full petabyte bundle would cost £8 million.
The company has claimed that these ‘super bundles’ could save broadcasters and other data-insensitive industries millions of pounds, as it allows them to use 4G instead of satellite and cable to upload video.
The super bundles can be shared across up to 2,500 data-only SIMs. Businesses are able to add new SIMs and individual users can top up data whenever necessary.
