Here is your daily round-up of the news that matters in the marketing, media and advertising world, brewed hot & fresh in just 60 seconds.
- Facebook unveils a new logo for parent company
Facebook unveiled a new logo for its parent company that owns Facebook, Instagram, WhatsApp, and more. The Verge reports that this new logo will be put into use in the coming weeks within Facebook products and marketing materials.
2. S4 Capital posts 50% jump in gross profits in Q3 of 2019
Next, Martin Sorrell’s S4 Capital reported a revenue growth of 54% in the Q3 of 2019, as against the same period last year. Its gross profit shot up by 50% to 42.1mn pounds.
3. Uber Q3 earnings saw a net loss of $1.2 bn
Uber Technologies posted a net loss of 1.2 billion dollar in its third quarter earnings. Uber brought in 3.8 billion dollar in revenue.
4. Uber India raises Rs 2,539 crore from its parent entity Uber BV
Meanwhile in India, Uber India raised 2,539 crore rupees from its parent entity Uber BV in Netherlands, as part of Uber’s plans to make its India business operate under one holding called Uber India Systems. The Indian subsidiary has also moved data of its business and individual users (from its rides and Eats platforms) from Uber BV to the Indian unit.
5. BBH Asia Pacific’s Lizzie Nolan moves to Havas International
Finally, Havas International has appointed Lizzie Nolan as Executive VP, MD for Strategy and Insights. Prior to this, Nolan was Head of Integrated Strategy at BBH Asia Pacific.