Techmeme
April 26, 2017, 1:00 PM

Top News

Kurt Wagner / Recode:
Instagram now has 700M monthly active users, adding 100M new users in just over four months  —  It took the company just four months to add 100 million new accounts.  —  Instagram is growing faster than it ever has before.  —  The photo and video app, which is owned by Facebook …
Julia Boorstin / CNBC:
Twitter beats Q1 estimates with $548M revenue and 328M MAUs, up 9M QoQ and 7M more than expected, and says DAUs are up 14% YoY; stock up 10%+  —  In a surprise after several quarters of disappointing results, Twitter on Wednesday reported better-than-expected earnings and revenue.
Andrew J. Hawkins / The Verge:
Uber updates its app to make rider ratings more visible, in an effort to encourage good behavior, and adds options for low UberPool ratings  —  Are you a 4.9?  —  It used to be that if you wanted to see how many stars you've racked up as an Uber rider, you had to basically excavate your rating from the app.
Dan Primack / Axios:
Chris Sacca retires from startup investing and will stop appearing on Shark Tank; Lowercase Capital will not raise another fund  —  Chris Sacca, one of the earliest investors in companies like Uber and Twitter, today announced that he has decided to stop making investments in technology startups.
Brian Heater / TechCrunch:
Ingrid Lunden / TechCrunch:
On-demand ride service Gett confirms acquisition of rival Juno for $200M, as Uber's rivals consolidate businesses; Gett CEO says firm hopes to raise this year  —  The competitive landscape for transportation apps has become a little smaller today.  Gett has announced that it has acquired Juno, a rival in the New York market.
More: The Verge

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