Techmeme
February 1, 2018, 10:55 AM

Top News

Recode:
Facebook's daily active user base in the US and Canada fell for the first time ever in Q4, dropping to 184M from 185M in Q3  —  It was a small but negative change to daily active users in Facebook's most valuable market.  —  Here's a troubling data point if you're a Facebook investor …
Facebook:
Mark Zuckerberg says showing fewer viral videos reduced the total time people spent on Facebook by ~50M hours every day, as MAUs reach 2.13B, up 14% YoY  —  Facebook, Inc. (NASDAQ: FB) today reported financial results for the quarter and full year ended December 31, 2017.
Richard Nieva / CNET:
Natasha Lomas / TechCrunch:
Apple pulls Telegram apps from the App Store for inappropriate content; founder Durov expects both apps to return once protections are in place  —  The Telegram messaging apps appear to have breached Apple's App Store guidelines and are currently unavailable for download on iOS. 9to5Mac spotted …
Jason Del Rey / Recode:
eBay says it will stop using PayPal for its backend payments service by 2020, will work with Amsterdam-based Adyen instead; PayPal stock down 8%+  —  The shopping marketplace will instead begin working with Amsterdam-based Adyen.  —  One of the tech industry's most storied partnerships is coming to an end.
Julia Alexander / Polygon:
Nintendo confirms Switch Online will launch in September for $3.99/month and Mario Kart Tour will come to smartphones by March 2019  —  Company confirms Nintendo Switch Online launches this fall  —  Mario Kart Tour is the next Nintendo mobile game heading to smartphones.
Reuters:
India says it does not consider cryptocurrencies legal tender and will eliminate their use for payments, but would explore use of blockchain technology  —  NEW DELHI (Reuters) - India will move to stamp out use of cryptocurrencies, which it considers illegal, Finance Minister Arun Jaitley said on Thursday …
Nathaniel Popper / New York Times:
Concerns grow that Bitcoin's price is being propped up by Bitfinex, the widely-used and shadowy exchange subpoenaed in December by the US CFTC  —  A growing number of virtual currency investors are worried that the prices of Bitcoin and other digital tokens have been artificially propped …
Katherine Bindley / Wall Street Journal:
Instagram's Facebook-style recommendations and notifications and an uptick in the number of ads in feeds are making the service more annoying to use  —  Why does Instagram want to be so much like its big brother at a time when the pre-eminent social network is drawing so much criticism?
Sarah Frier / Bloomberg:
Microsoft Investor Relations:
Microsoft reports $28.92B in Q2 2018 revenue, up 12% YoY, net loss of $6.3B due to $13.8B charge related to tax overhaul  —  REDMOND, Wash. — January 31, 2018 — Microsoft Corp. today announced the following results for the quarter ended December 31, 2017:  · Revenue was $28.9 billion and increased 12%
Miranda Katz / Wired:
Podcasters first look at Apple's Podcast Analytics data shows listeners are highly engaged, with many listening to 80-90% of shows, and prefer longer formats  —  The public radio producer had started a podcast as a side project in early 2017, and the exploration of her experience …

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