February 12, 2018, 2:10 PM

Top News

A behind-the-scenes look at two tumultuous years at Facebook as it battled with fake news, its impact on the election, global affairs, and users' minds  —  ONE DAY IN late February of 2016, Mark Zuckerberg sent a memo to all of Facebook's employees to address some troubling behavior in the ranks.
Mark Gurman / Bloomberg:
Sources: Apple is changing its iOS development strategy, moving away from an annual schedule crammed with major features and prioritizing reliability  —  The company is shaking up its development program to focus more on key features and push back others to the following year.
Sources: Android P to have deeper Google Assistant integration, better battery life, support for iPhone X-like notches, multiple screens, and foldable displays  —  Search giant tries again to win over valuable iPhone users  —  Android P to integrate more tightly with Google's Assistant
Matt Day / The Seattle Times:
Source: in a rare cutback, Amazon is laying off several hundred corporate employees in Seattle and hundreds elsewhere across its global operations  —  Amazon is cutting several hundred jobs in Seattle, and hundreds elsewhere, a rare layoff that appears to fall predominantly on its established consumer retail business.
Steven Musil / CNET:
SEC filing: Apple, LG, Valve invest in $10M secondary share offering by eMagin, a NY-based manufacturer of OLED microdisplays, which can be used in VR headsets  —  A small company that makes OLED microdisplays is getting some attention from tech giants with big plans for virtual and augmented reality.
Kurt Wagner / Recode:
eMarketer says Facebook lost ~2.8M US users under 25 in 2017, predicts it will lose ~2.1M in 2018; Instagram's US users will grow 13%, Snapchat's by 9% in 2018  —  That's according to research firm eMarketer.  —  Facebook is losing young users even quicker than expected, according to new estimates by eMarketer.
Ingrid Lunden / TechCrunch:
YapStone has raised $71M in Series C financing, aiming for $100M+, to take on PayPal, Stripe, and more in marketplace payments  —  While a part of the fintech world remains abuzz with crypo-talk, a startup that's built a business around the more traditional world of payments has raised …
More: PR Newswire and PE Hub BlogTweets: @ingridlunden
Alex Heath / Cheddar:
Source: Snap's VP of Sales Jeff Lucas has left the company after joining less than two years ago  —  Jeff Lucas, Snap Inc.'s VP of Sales, has left the company, Cheddar has learned.  —  His departure comes after working for less than two years at Snap, which he joined after serving as ad sales chief at Viacom.
More: Seeking AlphaThanks:@jonsteinberg

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