Techmeme
July 27, 2018, 4:15 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 plummeted 19 percent Friday after the company reported a decline in monthly active users and weak guidance.
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 …
Christopher Yasiejko / Bloomberg:
IBM wins $83M from Groupon for infringing on ecommerce patents  —  - Patent case IBM's first to go to jury in at least 20 years  — Win adds value for IBM's portfolio of more than 45,000 patents  —  A U.S. jury awarded International Business Machines Corp. $83.5 million after finding …
More: Reuters and WRAL TechWireTweets: @mdudas
Chloe Aiello / CNBC:
New York State Public Service Commission voted 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.
Shona Ghosh / Business Insider:
UK's Improbable raises $50M from NetEase to bring its large-scale game simulation platform SpatialOS to China; sources: Improbable doubled its valuation to $2B  —  - SoftBank-backed Improbable has raised $50 million via a strategic investment from Chinese gaming giant NetEase.
CNBC:

Sponsor Posts

Google Cloud Next:
Google Cloud Next '20: OnAir  —  Explore curated content on demand, every Tuesday from July 14 - Sept 8.  Watch Google Cloud CEO, Thomas Kurian's, keynote.
G Suite Essentials:
Remote, but always connected.  —  Connect, create, and collaborate, all together.  Get Google Meet, Drive, and Docs with G Suite Essentials - free through September 30.  No IT required.  Get your team started today.
Zoho:
Tips to choose the right HRMS for your organization  —  To manage millennial and Gen Z employees, who have grown up with technology, it's necessary to move away from traditional HR practices.
Oura:
What is your “Readiness Score?”  —  How does the Oura ring take your body's vital signs and generate personalized, daily health recommendations?

Listen to Techmeme's Podcast:

Techmeme Ride Home: Fri. 08/14 - Fortnite Banned! The Epic/Apple/Google Battle Royale Subscribe via Apple Podcasts, Google Play, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 4:15 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.

More News

Washington Post:
Christopher Mims / Wall Street Journal:

Earlier Picks

Corbin Davenport / Android Police:
Canalys: