Techmeme
July 27, 2018, 10:10 PM

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 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.
Louise Matsakis / Wired:
Profile of the Guerrilla Skepticism on Wikipedia project, which has 120+ volunteers rewriting articles on conspiracy theories and unscientific health info  —  SUSAN GERBIC SPENT her career photographing babies at a department store in Salinas, California, just 100 miles south of San Francisco.
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.
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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