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August 8, 2018, 6:20 AM
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| Josh Constine / TechCrunch: |
Snap reports Q2 revenue of $262.3M, up 44% YoY, vs. $249.8M est., and 188M DAUs, up 8% YoY but down from 191M in Q1 — The Stories War has officially killed Snapchat's growth. In Q2 2018 earnings today, Snapchat's daily user count shrank 1.5 percent to 188 million this quarter …
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Motherboard, The Next Web, Inquirer, CNBC, Bloomberg, Cult of Mac, 9to5Mac, SiliconANGLE, CNET, Recode, Stock Market News …, PYMNTS.com, Android Police, MacRumors, SlashGear, Firstpost, Quartz, Gizmodo, AdExchanger, Mashable, Gizmodo, Bloomberg, Axios, and The Verge
Tweets: @alexeheath, @sarahfrier, @joshconstine, @recode, @joshconstine, @shiraovide, @recode, @alexeheath, and @ericnewcomer. Thanks:@joshconstine
| Josh Constine / TechCrunch: |
Snap gets $250M investment from Saudi Prince Alwaleed for a 2.3% stake, valuing the company at $10.8B, a steep discount to the company's $16B+ market cap — Snap Inc got a fresh infusion of cash from the Saudi royal family to help it survive despite losing $353 million this quarter.| Marc Vartabedian / Wall Street Journal: |
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New York Times, Recode, CNET, Business Wire, VentureBeat, MSPoweruser, Engadget, Telegraph, Variety, and Engadget. Tweets: @carnage4life
| Shoshana Wodinsky / The Verge: |
Following bans of Infowars' content, its mobile app has shot up iOS App Store and Google Play Store charts, going from 47th to 4th in US news category on iOS — ‘Infowars WILL NOT be silenced’ — Infowars Official, the app named after Alex Jones' controversial radio talk show …
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SiliconANGLE, Columbia Journalism Review, Fast Company, Polygon, The Atlantic, Deadline, TechCrunch, CNBC, CNNMoney, Politico, Mashable, New York Times, CNBC, The Next Web, Cult of Mac, Motherboard, VentureBeat, Engadget, Quartz, Telegraph, 9to5Mac, New York Magazine, and CNET
Tweets: @cwarzel, @peterktodd, @sarahlerner, @cwarzel, @oliverdarcy, @stevekovach, and @stevekovach
| CNBC: |
Twitter says accounts for Alex Jones and Infowars do not violate its policies, and it will leave them live for now — - Apple, Facebook and Google-owned YouTube removed videos, pages and podcasts posted by the controversial radio host. — Jones took to Twitter and its wholly owned …
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Twitter, The Guardian, Business Insider, BetaNews, BBC, getrevue.co, Silicon Republic, Axios, Digiday, Mashable, Fast Company, HuffPost, Engadget, TechCrunch, TechCo, and Media Matters for America
Tweets: @jack, @jack, @jack, @can, @ndrew_lawrence, @realsorien, @freegirlnownyc, @liberalcartoons, @bwjones, @tomcoates, @tomcoates, @hunterwalk, @marcoarment, and @marcoarment
| David French / New York Times: |
| Clifton Leaf / Fortune: |
Salesforce names Keith Block, the company's vice chairman and president, co-CEO alongside Marc Benioff — Salesforce announced this evening that Keith Block, the company's vice chairman and president, would become co-CEO alongside Marc Benioff, the socially minded billionaire who has led …
More:
Salesforce.com, Business Insider, GeekWire, TechCrunch, ZDNet, and Light Reading
Tweets: @benioff and @keithblock
| TechCrunch: |
Sources: Slack is raising about $400M or more led by General Atlantic at a post-money valuation of at least $7B — Slack — the app that lets coworkers and others in professional circles chat with each other and call in data from hundreds of integrated apps in the name of getting more work done … | Bloomberg: |
Sources: SoftBank is in talks to invest from $500M-$750M in Zume, a California-based startup with delivery trucks that prepare fresh robot-made pizzas en route — SoftBank Group Corp. is in talks to invest from $500 million to $750 million in Zume Inc., a startup that makes and delivers fresh pizzas … | Marrian Zhou / CNET: |
Apple responds to Congress' inquiry from last month on privacy and security with 19-page letter that covers location tracking, microphone use, and more — Apple has just responded to Congress' inquiry on how it protects user privacy. — The House Committee on Energy and Commerce …
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Yahoo Finance, Reuters, 9to5Mac, Pocketnow, MacRumors, Softpedia News, AppleInsider, MediaNama, PhoneArena, The Mac Observer, and iPhone Hacks
| Jem Aswad / Variety: |
Warner Music Group sells its entire stake in Spotify for $504M — UPDATED: In its earnings call on Tuesday morning, Warner Music Group announced that it has now sold its entire stake in Spotify, realizing $504 million. — CEO Steve Cooper said that the sale resulted in $126 million … | Wall Street Journal: |
Sources: Bytedance is raising ~$3B at a valuation of up to $75B ahead of possible Hong Kong IPO this year or next — Owner of China's top news-aggregation app could be valued at $75 billion — Beijing Bytedance Technology Co. has kicked off an equity-fundraising round that could value … | Michael Gaynor / Motherboard: |
Privacy experts say US telecom companies have successfully lobbied to stall 70 state-level bills this year that would prevent ISPs from selling customer data — In 2018 alone, the telecom lobby has killed or stalled a whole host of legislation that would prevent ISPs from selling your data.
Tweets: @lam_barrett
| Eric Holmes: |
Security researcher explains how he easily gained commit access to the code repository of Homebrew, a popular package manager for developers on macOS — Since the recent NPM, RubyGems, and Gentoo incidents, I've become increasingly interested, and concerned, with the potential for package managers … Sponsor Posts
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