Microsoft's Skype draws inspiration from Snapchat in big redesign

You can add Skype to the growing list of services copying features straight from Snapchat. The Microsoft Corp communications service on Thursday announced a major redesign of its mobile app, including a “Highlights� feature that lets customers snap photos and videos that will be temporarily visible to their connections. The feature carries a strong resemblance to Snapchat’s “Stories.� That format has been growing in popularity within social and messaging services and has recently been incorporated into Facebook Inc’s family of apps, most notably by Instagram.

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Microsoft's Skype draws inspiration from Snapchat in big redesign

Facebook can climb more than 20 percent on ad growth: Barron’s

Facebook Inc stock has the potential to climb by more than 20 percent over the next year given the growing advertising revenue among its platforms, according to a Barron's report on Sunday. The social media giant, which traded at just under $124 a share on Friday, has seen a recent acceleration in growth in part because of its increasing mobile ad load, or, the number of ads Facebook can serve up to its users, the report said. Facebook also has other avenues of ad load growth, including Instagram, Messenger and WhatsApp, which have yet to fill up on ads, it said.

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Facebook can climb more than 20 percent on ad growth: Barron’s

Massachusetts to tax ride-hailing apps, give the money to taxis

Massachusetts is preparing to levy a 5-cent fee per trip on ride-hailing apps such as Uber and Lyft and spend the money on the traditional taxi industry, a subsidy that appears to be the first of its kind in the United States. “I don't think we should be in the business of subsidizing potential competitors,” said Kirill Evdakov, the chief executive of Fasten, a ride service that launched in Boston last year and also operates in Austin, Texas. Some taxi owners wanted the law to go further, perhaps banning the start-up competitors unless they meet the requirements taxis do, such as regular vehicle inspection by the police.

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Massachusetts to tax ride-hailing apps, give the money to taxis

Amazon profit crushes estimates as cloud-service revenue soars

Amazon.com Inc on Thursday reported profit and revenue that blew past analysts' expectations, sending its shares soaring in after-hours trading and demonstrating the growing market power of its core retail business and new cloud services division. The results draw a sharp contrast to the disappointing fourth quarter Amazon reported in January, which renewed worries among some shareholders about the company's comparatively thin profit margins. Amazon's performance also assuaged concerns about a broader slowdown among tech and internet companies after Apple , Microsoft and Intel all reported disappointing earnings.

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Amazon profit crushes estimates as cloud-service revenue soars