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July 27, 2018, 8:20 PM
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Paresh Dave / Reuters:
Twitter posts record Q2 profit of $100M, beats estimates on revenue of $711M, up 24% YoY, but monthly users fell by 1M from Q1 to 335M due to increased removals  —  SAN FRANCISCO (Reuters) - Twitter Inc (TWTR.N) posted record profit on Friday with second quarter revenue that beat financial analysts' estimates …
Michelle Castillo / CNBC:
Twitter closes down more than 20% after company reports 1M QoQ decline in monthly active users  —  - Monthly active users (MAUs): 335 million vs. 338.5 million, according to StreetAccount and FactSet estimate  —  Twitter shares closed more than 20 percent down on Friday after the company reported …
Chloe Aiello / CNBC:
New York State Public Service Commission votes to revoke approval of the 2016 Charter/TWC merger, saying company failed to meet broadband buildout obligations  —  - The New York State Public Service Commission voted on Friday to revoke its approval of the 2016 merger agreement between Charter Communications and Time Warner Cable.
Steven Musil / CNET:
Facebook bans Alex Jones from using his account for the next 30 days after removing four of his videos for violating its community standards  —  Alex Jones, the founder and star of conspiracy site Infowars, has been suspended by Facebook — and may face harsher consequences.
Romain Dillet / TechCrunch:
Norway-based browser maker Opera opens up 19.5% on its first day of trading in US after raising $115M in its IPO  —  Opera is now a public company.  The Norway-based company priced its initial public offering at $12 a share — the company initially expected to price its share in the $10 to $12 price range.
Taylor Lorenz / The Atlantic:
A look at the rise of “flop accounts” on Instagram, which some teens use to discuss hot-button topics and consider as more reliable than traditional media  —  It's harder and harder to have an honest debate on the internet.  Social-media platforms like Twitter, Reddit …
Claire Boston / Bloomberg:
SEC filing: MoviePass ran out of money and couldn't cover the bills causing service outage on Thursday, had to take out short term $6M+ loan due in early August  —  Helios and Matheson Analytics Inc., the parent company of MoviePass, received a short-term loan for more than $6 million …
Shona Ghosh / Business Insider:
UK-based Improbable raises $50M from NetEase to bring its large-scale game simulation platform SpatialOS to China; sources: Improbable doubled valuation to $2B  —  - SoftBank-backed Improbable has raised $50 million via a strategic investment from Chinese gaming giant NetEase.

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This is a Techmeme archive page. It shows how the site appeared at 8:20 PM ET, July 27, 2018.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Axios:
Sources: WH officials believe NYT's Maggie Haberman and Jonathan Swan obtained audio recordings of Situation Room meetings for their upcoming book Regime Change

Gary Baum / The Hollywood Reporter:
A look at the first “case” brought before Objection, which aims to use AI to evaluate news stories, and a Q&A with Objection's founder; the site is now dark

Marah Eakin / Current:
Fred Rogers Productions launches a Mister Rogers' Neighborhood YouTube channel, curating content based on monthly themes and focusing on reach over monetization

More News

Earlier Picks

Washington Post:
New study of nine US cities says services like UberPool are increasing traffic congestion by luring customers who would otherwise have taken transit or walked
Christopher Mims / Wall Street Journal:
Study: the higher productivity growth of the biggest companies, including Amazon, Google, and Microsoft, results from investment in their own technology
Zack Hendlin / Official LinkedIn Blog:
LinkedIn rolling out feature that lets users send voice messages on Android and iOS, receive them on mobile and the web; feature available globally within weeks
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