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BlackBerry sets up new funding, drops sale plan and replaces CEO

BlackBerry has announced new plans for its future.

Instead of being bought by Fairfax Financial Holdings - a deal that needed to be finalised today - it’s aiming to raise $1 billion (£627 million) from investors, with a quarter of that money coming from Fairfax Financial.

Author: The Fonecast
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Half of all Facebook advertising revenue now comes from mobile users

Facebook has reported its financial results for the third quarter of 2013, with revenue up 60% year-on-year to $2.02 billion and net income increasing to $425 million.

The social network’s user base is increasing; daily active users for September 2013 were 728 million people (up 25% year-on-year) and monthly active users were up 18% to 1.19 billion.

Author: The Fonecast
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Last week at The Fonecast: 4th November 2013

Hey, hey, I wanna be a rockstar

Mark Bridge writes:

The Rockstar Consortium. That name sounds as though it could be promising more than it can deliver, doesn’t it?  Well, it’s not. It’s the group of mobile companies that picked up Nortel’s portfolio of several thousand tech patents for $4.5 billion. And now, its members – including Apple, Microsoft, BlackBerry, Ericsson and Sony – have set some of those patents on their biggest competitors.

Author: The Fonecast
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Samsung extends its patent agreement with Nokia

Samsung has extended an existing patent licence agreement between itself and Nokia for five years, according to a statement from Nokia today.

The deal had been due to end on 31st December.

Author: The Fonecast
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