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July 22, 2022, 4:00 PM
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WeSmirchTop News
| Annie Palmer / CNBC: |
Twitter reports Q2 revenue down 1% YoY to $1.18B, vs. 1.32B est., a $270M net loss, down from $66M in net income a year ago, 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: @aparanjape, @davepell, @alistairmbarr, @carnage4life, @carnage4life, @newley, and @ryan_browne_
| Jacob Kastrenakes / The Verge: |
Twitter says Q2 ad revenue grew 2% YoY to $1.08B and blames its revenue slide on uncertainty around Elon Musk's “pending 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.| Zoe Kleinman / BBC: |
Twitter reiterates its false or spam account average estimate, saying it performed an internal review and found they 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.| Bloomberg: |
Source: FTX is in advanced talks to acquire South Korean cryptocurrency exchange Bithumb — FTX, the crypto trading platform co-founded by billionaire Sam Bankman-Fried, is in advanced talks to buy South Korea's Bithumb, a person with knowledge of the matter said.
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Blockworks, The Block, Crypto Briefing, Ethereum World News, CryptoSlate, Fortune, Cryptonews, and Crypto Adventure
Tweets: @epro and @doombergt
| Mike Allen / Axios: |
Amazon SVP of global corporate affairs Jay Carney plans to join Airbnb in September 2022 as global head of policy and communications, succeeding Chris Lehane — 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, Associated Press, GeekWire, PYMNTS.com, The Hill, Bloomberg, New York Times, Financial Times, Reuters, CNBC, and Wall Street Journal
Tweets: @mikeallen, @swin24, @liz_jarv, and @kenklippenstein
| oversightboard.com: |
Meta's Oversight Board Trust says the company is giving $150M to the trust as part of ongoing financial support, after its initial $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.| Ashley Capoot / CNBC: |
Snap's stock opens down 33% following its Q2 earnings report that missed expectations, and is down 78%+ year-to-date — - Shares of Snap fell 38% on Friday, a day after the company reported disappointing second-quarter results. — Snap attributed its results to a challenging economy … | Jonathan Vanian / CNBC: |
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MarketWatch, Snap, Wall Street Journal, Fortune, Wall Street Journal, Bloomberg, PYMNTS.com, The Verge, CNN, Finbold, Mobile Dev Memo, Coinspeaker, CNBC, Benzinga, MarketWatch, Barron's Online, Dana Blankenhorn, SiliconANGLE, Forbes, Adweek, Reuters, Axios, Deadline, TechCrunch, Reuters, Bloomberg, Variety, and New York Times
| Natasha Mascarenhas / TechCrunch: |
Instacart co-founder Apoorva Mehta, who stepped down as CEO in 2021, says he'll step down as executive chairman and leave the board once the company goes public — A year ago, Instacart co-founder Apoorva Mehta left his role as chief executive of the grocery delivery unicorn and took on an executive chairman position.| Bloomberg: |
Interview with 3AC founders Su Zhu and Kyle Davies, who could be hiding in UAE, on its “regrettable” collapse, leveraged bets, Luna, risk management, and more — After five weeks in hiding, the disgraced founders of Three Arrows Capital spoke extensively about the spectacular implosion … | Harry Baker / UploadVR: |
Meta introduces a Mature Worlds Policy for Horizon, a content rating system that will default to 18+ if creators do not apply a rating within the next month — Meta is adjusting its content policies for Horizon Worlds and introducing a new content rating system for “mature audiences”.
Tweets: @martinsfp and @caseynewton
| Associated Press: |
California approves new rules to let state and local office candidates accept cryptocurrency campaign donations if they immediately convert them into US dollars — Candidates for state and local offices in California will soon be able to accept cryptocurrency campaign donations.
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CoinQuora, The Block, Watcher Guru, and Finbold
| 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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Techdirt, The Daily Dot, 9to5Mac, and Light Reading
Tweets: @jrosenworcel, @jrosenworcelfcc, @adam_k_levin, @briankrebs, and @karlbode
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