U.S. Cellular reported a pretty good second quarter. The carrier saw its service revenues increase to $1.002 billion which is 3% more than last year. Its net income was $73.9 million which is up from $40.8 million a year ago. U.S. Cellular has achieved these levels even though it lost subscribers.

Porn is something you wouldn’t think a cable company CEO would talk about. Even though porn brings in a lot of extra dollars, it’s one of those things that is too taboo for a lot of people. Interestingly enough, Time Warner’s CEO Glen Britt mentioned the demand (or lack thereof) for porn when discussing his company’s video on demand service during the companies Q2 2011 earnings conference call.

In late June, reports surfaced about Twitters upcoming attempt to boost revenue. The solution was ads, but not just any ads. These advertisements will shuffle their way into your Twitter feed. I know a lot of you hate the idea of ads in your feed, especially since you have to deal with spam tweets already. But the new Twitter Promoted Tweets to Followers initiative won’t be as intrusive as you may think.

In an effort to boost revenues, Twitter is considering a bolder approach to advertising. According to the Financial Times, Twitter may decide to place advertisements inside its user’s feeds.

It looks like AT&T had a pretty solid second quarter in terms of revenue, iPhone activations, profit, etc. The giant wireless company activated over 3.2 million iPhones, which is a company record, and the iPhone 4 was only available four days into Q2. In terms of revenue, AT&T raked in $30.8 billion, but that’s actually more »

Intel has taken over the processing world. In fact, I would call it just short of a monopoly. With just about every netbook, desktop computer, and now phone powered by Intel processors, it is no wonder why Intel has had its best quarter ever. With it’s overall revenue just under $11 billion, the company saw more »

Facebook has always been plagued with issues when it comes to making money from their wildly popular site. While Facebook has floundered, MySpace has built partnerships with different companies, including record and production agencies in order to make it extremely profitable. In a move to build revenue for their site, Facebook has introduced virtual currency more »

Sun Microsystems announced a horrific quarter yesterday — a loss for what is now the third quarter in a row. This past quarter resulted in a net loss of $1.68 billion, with a revenue of $2.99 billion. The same quarter last year had a net income of $89 million, and a $3.22 billion revenue. Ouch, that can’t go over too well.

Sun also hinted at possible layoffs in the future, which, while depressing, isn’t all that surprising given the current state of the economy. There were also reports of slowing sales in its main server lines. It seems open sourcing a number of it’s software hasn’t helped either.

Continued after the break.

Verizon Wireless has announced that it will raise the price of text messages by 5 cents starting March 2nd. The hike will result in customers paying 20 cents per message. Sprint Nextel became the first U.S. carrier to charge 20 cents per message when it raised its rates in October of 2007. Text messaging currently more »