April 26, 2017, 4:40 PM

Top News

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 7%+  —  In a surprise after several quarters of disappointing results, Twitter on Wednesday reported better-than-expected earnings and revenue.
Cecilia Kang / New York Times:
FCC chairman Ajit Pai announces plan to roll back Obama-era net neutrality regulations, says the full text of the proposal will be published tomorrow afternoon  —  WASHINGTON — The chairman of the Federal Communications Commission on Wednesday outlined a sweeping plan to loosen …
Kurt Wagner / Recode:
Instagram says it 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 …
Farhad Manjoo / New York Times:
Interview with Instagram CEO Kevin Systrom on how the service reached 700M MAUs by shipping and updating products faster, future growth prospects, more  —  At a recent all-hands meeting with employees, Kevin Systrom, a founder and chief executive of Instagram, showed off one of his favorite charts …
Brian Heater / TechCrunch:
Andrew J. Hawkins / The Verge:
Uber updates its app to make rating of riders more visible, in an effort to encourage good behavior, and to request more details 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.
CB Insights:Lowercase Capital
Paul Sawers / VentureBeat:
Google Maps updates its iOS and Android apps with Save Your Parking feature  —  First introduced to a beta version of the app last month, the new feature for forgetful people mixes GPS with manual data entry to ensure you arrive at the exact spot where you left your vehicle.
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.

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