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July 27, 2018, 4:15 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 …
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Bloomberg, TechCrunch, Business Insider, VentureBeat, Engadget, New York Times, The Verge, Axios, Washington Post, and Business Insider
Tweets: @twitterir, @twitterir, @ranimolla, @twitterir, @ow, @twitterir, @twitterir, @twitterir, and @twitterir
| 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.
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NPR, TechCrunch, Wall Street Journal, 9to5Mac, Telegraph, Quartz, iPhone in Canada Blog, Bloomberg, Crunchbase News, Recode, Mashable, and MacDailyNews
Tweets: @vladsavov and @anthony
| 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.
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The Verge, Engadget, TechCrunch, Telegraph, Mashable, Axios, Motherboard, Ars Technica, Nieman Lab, Fortune, Ad Age, BBC, and Neowin
Tweets: @joshconstine, @mattbraga, @joshconstine, @girlguidejones, @carnage4life, @mikeisaac, and @joshconstine
| 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?
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MacRumors, TechCrunch, Engadget, Windows Central, Digital Trends, Adweek, KnowTechie, 9to5Mac, Neowin, On MSFT, Social Media Today, iPhone in Canada Blog, Ubergizmo, Fast Company, Fortune, CNNMoney, and Mashable
Tweets: @nickstatt, @johnsaveland, @mp_roberts, @sfiegerman, @heatherkelly, @inthecompanyof, @rrhoover, and @caseynewton
| 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 …
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SEC.gov, Business Insider, CNNMoney, Android Police, Business Insider, Daring Fireball, Gizmodo, iMore, Quartz, Mercury News, The Verge, CNET, TechCrunch, 9to5Mac, Engadget, BGR, Refinery29, TechSpot, Consequence of Sound, Fortune, KnowTechie, SlashGear, IndieWire, Mashable, The Outline, and Android Central
Tweets: @harrymccracken, @claireeboston, @business, @jasonlk, @mgsiegler, @udiwertheimer, and @mdudas
| Kashmir Hill / Gizmodo: |
How a fake story on a “grudge-settling” site ruined a realtor's reputation and finances over a comment about a news story on Facebook that offended a stranger — Monika Glennon has lived in Huntsville, Alabama, for the last 12 years. Other than a strong Polish accent …
Tweets: @felixsalmon
| Tony Romm / Washington Post: |
White House confirms it is working on a consumer privacy policy proposal; sources: WH had 22 meetings with 80 organizations including Facebook, Google, and AT&T — The Trump administration is crafting a proposal to protect Web users' privacy, aiming to blunt global criticism that the absence …
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9to5Mac, CNET, Cult of Mac, TechSpot, Engadget, MacDailyNews, and Politico
| Alex Spence / BuzzFeed: |
Leaked report: UK committee to propose social networks be legally responsible for harmful and illegal content and regulators audit social media advertising — A leaked copy of the MPs' report was published online on Friday, two days ahead of its official release.| 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 … | 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 … | 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.
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SiliconANGLE, Tech.eu, Bloomberg, DealStreetAsia, PC Games Insider, City A.M., GamesIndustry.biz, and VentureBeat. Tweets: @npappag
| Janko Roettgers / Variety: |
The Facebook stock drop foreshadows a potentially less profitable future as it relies more on video formats like Stories with a lighter ad load than News Feed — These days, everything seems to be going wrong for Facebook. The social networking giant is still reeling from the aftermath of the Cambridge Analytica privacy scandal.| CNBC: |
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