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Techmeme
July 27, 2018, 1:35 PM
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Top News

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 is down about 19% in the mid-day trading after company reported 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 plummeted 19 percent Friday after the company reported …
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.
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  —  Have you ever typed out a long message and thought about how much faster and easier it would be to say it out loud?
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 …
Corbin Davenport / Android Police:
Google updates Play Store policies, no longer allowing crypto miners, apps that aid the sale of firearms or accessories, apps that primarily serve ads, and more  —  Google regularly updates its Play Store developer policies; the last time it happened, fake ID apps were banned from being submitted by developers.
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 …
Bloomberg:
Slack to buy HipChat and Stride assets from Atlassian, Atlassian will make equity investment in Slack; HipChat and Stride to shut down in February 2019  —  Atlassian Corp. is selling its corporate chat software to rival Slack Technologies Inc. and taking a small stake in the startup …
CNBC:
Facebook closes down 19% after the disappointing user numbers and revenue growth projections, losing almost $120B in market value in a day
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.
More: CNET and New York Times
Amazon.com:
Amazon announces Q2 revenues of $52.89B vs. $53.41B est., net sales of $52.8B, up 39% YoY, and net income of $2.5B, up from $197M in Q2 2017  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2018.  —  Operating cash flow increased 22% …
Matthew Lynley / TechCrunch:
Amazon Web Services' Q2 revenues were $6.1B, with $1.6B in operating income; Amazon's retail operations earned nearly $47B in revenue and $1.3B+ in net income

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From Mediagazer

Wall Street Journal:
Sources: WBD is preparing to tell its shareholders to reject Paramount's latest offer and plans to recommend they support the existing deal with Netflix

Christal Hayes / BBC:
The BBC says “as we have made clear previously, we will be defending” against Trump's defamation lawsuit and “we are not going to make further comment”

Todd Spangler / Variety:
E.W. Scripps' board unanimously rejects Sinclair's unsolicited acquisition proposal of $7 per share in cash and stock, offered in November

More News

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

Earlier Picks

Jordan Novet / CNBC:
Intel reports Q2 revenues of $16.96B, up 15% YoY, Client Computing Group revenue of $8.73B, up 6% YoY, and Data Center Group revenue of $5.55B, up 27% YoY
Canalys:
Research: Apple shipped 3.5M Watches in Q2, up 30% YoY, but its market share dropped from 43% in Q1 to 34% in Q2 as global smartwatch sales grew to 10M
New York Times:
Sources: Robert Mueller wants to question Donald Trump over tweets about Sessions and Comey as part of an obstruction of justice inquiry
Cyrus Farivar / Ars Technica:
In a test conducted by the ACLU, Amazon's Rekognition facial recognition tech erroneously matched 28 members of Congress, 6 of them black, to criminal mugshots
Jon Levine / The Wrap:
Twitter CEO addresses claims about some Republican leaders not appearing in search auto-suggestions, points to a thread that offers explanation and vows changes
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