May 11, 2018, 10:20 AM

Top News

Rani Molla / Recode:
YouGov survey finds Snapchat brand's user sentiment declined 73% among US consumers aged 18-34 following redesign; satisfaction levels similarly declined  —  Their opinion of Snapchat's brand has taken a major hit.  —  Snapchat users have a much more negative view of the brand since Snap redesigned the app in January.
David Ruiz / Electronic Frontier Foundation:
Lawmakers introduce a bipartisan bill, The Secure Data Act, which aims to block government from mandating encryption backdoors  —  This welcome piece of legislation reflects much of what the community of encryption researchers, scientists, developers, and advocates have explained for decades …
Richard Nieva / CNET:
Mark Bergen / Bloomberg:
Paul Sawers / VentureBeat:
Lithium Technologies to shut down Klout website and the Klout score on May 25, is planning a new social impact scoring methodology based on Twitter  —  Klout, the online social influence platform founded way back in 2008, is closing down on May 25.  —  The San Francisco-based startup …
Jeran Wittenstein / Bloomberg:
Nvidia says it earned $289M from sales of its chips to cryptocurrency miners in Q1 of 2018, but expects crypto revenue to decline by two-thirds in Q2  —  Nvidia Corp. revealed for the first time how much revenue it generated from chip sales to the cryptocurrency market — and said that figure will be much smaller in the second quarter.
Matthew Lynley / TechCrunch:
Dropbox reports first financial results since IPO, with Q1 revenue of $316.3M, up 28% YoY, vs $308.7M est., as paying users reach 11.5M, up from 9.3M last year  —  Dropbox made its debut as a public company earlier this year and today passed through its first milestone of reporting its results …
Brandon Kochkodin / Bloomberg:
Companies like Apple, Microsoft, and Alphabet stopped mentioning overseas cash in quarterly reports after tax overhaul required them to pay tax on such holdings  —  - New law requires companies to pay taxes on money held abroad  — Other corporations also drop mention of overseas holdings
Dan Rys / Billboard:
Spotify removes R. Kelly and rapper XXXTentacion from the service's playlists, including-algorithmically generated ones, as part of new “hateful conduct” policy  —  YOUTUBE  —  Beginning today (May 10), Spotify users will no longer be able to find R. Kelly's music …
Paul Sawers / VentureBeat:

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Craig S. Smith / New York Times:
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