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July 22, 2022, 12:50 PM
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| Jacob Kastrenakes / The Verge: |
Twitter says ad revenue grew 2% to $1.08B in Q2 and blames its revenue slide on uncertainty around the Elon Musk acquisition and ad industry problems — Musk is creating ‘uncertainty’ for advertisers — Twitter would have earned more money over the past few months if Elon Musk hadn't been in the picture.
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Tweets: @carnage4life, @arainert, and @pierce
| Annie Palmer / CNBC: |
Twitter reports Q2 revenue of $1.18B, down 1% YoY, a net loss of $270M, down from $66M in net income last year, and 237.8M mDAUs, up 16.6% YoY — - Twitter reported earnings for the second quarter on Friday that missed analyst estimates on earnings, revenue and user growth.
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Tweets: @alistairmbarr, @davepell, @aparanjape, @carnage4life, @carnage4life, @newley, and @ryan_browne_
| Zoe Kleinman / BBC: |
Twitter reiterates its estimate that the average of false or spam accounts represented fewer than 5% of MAUs in Q2 — Twitter spent $33m (£27m) on Elon Musk's proposed deal to buy the firm between April and June 2022. — It also said its number of monthly daily users had risen to 237m … | Ashley Capoot / CNBC: |
Snap opens down 33% following its Q2 earnings report; Snap stock is down 77% year-to-date — - Shares of Snap fell 35% on Friday, a day after the company reported disappointing second-quarter results. — Snap attributed its results to a challenging economy, slowing demand for its online platform …
Tweets: @alistairmbarr, @levynews, @lessin, @teroterotero, and @davepell
| Jonathan Vanian / CNBC: |
Snap Q2: revenue up 13% YoY to $1.11B, vs. $1.14B est., DAUs up 18% to 347M, vs. 344.2M est., net loss of $422M, up from $152M YoY — - Snap missed on the top and bottom lines in its second-quarter earnings report. — The company authorized a stock repurchasing program of up to $500 million.
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Snap, MarketWatch, Wall Street Journal, Wall Street Journal, PYMNTS.com, Bloomberg, The Verge, CNN, New York Times, Coinspeaker, Finbold, Mobile Dev Memo, CNBC, Dana Blankenhorn, Benzinga, MarketWatch, Barron's Online, SiliconANGLE, Forbes, Adweek, Reuters, Axios, Deadline, TechCrunch, Reuters, Bloomberg, and Variety
| oversightboard.com: |
Meta's Oversight Board Trust says the company is giving $150M to the trust as part of ongoing financial support, following a $130M contribution in 2019 — Today the Oversight Board Trust announced that Meta has made a commitment that provides for ongoing financial support for the Oversight Board.
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Engadget, Axios, and TechCircle
| Richard Lawler / The Verge: |
Instagram says all new video posts under 15 minutes will now be shared as Reels and videos under 90 seconds from public accounts will be recommended to others — And it's combining the Reels / Video section of your profile under one tab — Welcome to the new era of Instagram …
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Instagram, Gizmodo, The Verge, TNW, TechCrunch, Pocket-lint, Social Media Today, Digital Trends, Search Engine Land, and The Verge
Facebook: Mark Zuckerberg. Tweets: @metanewsroom, @mgsiegler, @whatleydude, @lindseygamble_, @couragejd, @tonyromm, @urbanbohemian, @ianrunkle, @alextweeting, @ddudgeon, @reeves501, @mgsiegler, and @mgsiegler
| Mike Allen / Axios: |
Jay Carney, senior VP of global corporate affairs at Amazon, will join Airbnb in September as global head of policy and communications — Jay Carney, who was White House press secretary under President Obama, will move from Amazon to Airbnb as global head of policy and communications.
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Airbnb Newsroom, Bloomberg, New York Times, Wall Street Journal, and CNBC
Tweets: @mikeallen, @swin24, @liz_jarv, and @kenklippenstein
| Jon Brodkin / Ars Technica: |
FCC chair asks carriers to explain how they use geolocation data, as Congress debates a law that may preempt the FCC from regulating carriers' privacy practices — Inquiry launched as Congress debates bill that could gut FCC's privacy authority. — Federal Communications Commission …
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9to5Mac, Techdirt, The Daily Dot, and Light Reading
Tweets: @jrosenworcel, @briankrebs, @jrosenworcelfcc, and @karlbode
| Kwasi Gyamfi Asiedu / Protocol: |
A look at Meta's $150M Meta Immersive Learning project, through which it has partnered with Iowa-based VR startup VictoryXR to create 10 “metaversities” — During her inorganic chemistry class at Morehouse College in the spring of 2021, Dr. Muhsinah Morris launched a little experiment.| Associated Press: |
California approves new rules to let candidates for state and local offices accept cryptocurrency donations if they immediately convert them to US dollars — Candidates for state and local offices in California will soon be able to accept cryptocurrency campaign donations.
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The Block, CoinQuora, Finbold, and Watcher Guru
| Brandy Betz / CoinDesk: |
Hashflow, a DeFi trading app, raised a $25M Series A from Jump Crypto, Wintermute, GSR, and Coinbase's and Kraken's VC arms, among others, at a $400M valuation — The platform uses an asset pricing model that offers interoperability, lower fees and no slippage.
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Hashflow, FinSMEs, Coinspeaker, ETH Daily, Blockworks, Business Wire, and The Block
| Tim Copeland / The Block: |
The SEC lists nine crypto tokens as securities in its insider trading complaint against an ex-Coinbase staffer; Coinbase petitions for rules classifying tokens — - The SEC has arrested and charged a former Coinbase employee with wire fraud. — In the SEC complaint, it mentions nine tokens and says they are all securities.
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The Coinbase Blog, Securities and Exchange Commission, Bloomberg, The Verge, CNBC, CoinQuora, Crypto Owl's Newsletter, Blockworks, Blockchain News, Crypto Daily, Coinpedia, Quartz, CryptoSlate, CoinDesk, The Crypto Basic, Silicon Valley Business …, Decrypt, crypto.news, Protocol, The Register, Crypto Briefing, Cointelegraph, Mashable, CoinJournal, Finextra, Ethereum World News, Bitcoinist.com, CryptoGlobe, and Washington Post
Tweets: @haileylennonbtc, @lund_dane, @thenewsham, @ncweaver, @stonedpipez, @carnage4life, and @neerajka
| Bloomberg: |
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U.S. Securities …, U.S. Department of Justice, Law Street Media, Protocol, CoinDesk, Finextra, Axios, New York Times, The Defiant, TechCrunch, Financial Times, CoinGeek, Micky, CoinQuora, Coinspeaker, Cryptonews, Waivly, CryptoPotato, BTC Times, Reuters, CNBC, Watcher Guru, New York Post, and Bitcoin Magazine
Tweets: @carolinedpham, @brian_armstrong, @neerajka, @briankrebs, @leereiners, @ohaiom, @krugermacro, @notgrubles, @thecoomunist, @dog_shill, @brian_armstrong, @secgov, @matt_levine, @tier10k, @reckless, @adamscochran, @crypto_bitlord7, @pitdesi, @jacqmelinek, @verge, @carnage4life, @fintechfrank, @alexhern, @jwverret, @damedoteth, @damedoteth, @sridinats, @rmac18, @jeffjohnroberts, and @wublockchain
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