Techmeme
July 27, 2018, 12:50 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 opens down 14% 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 opened down 14 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.
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 …
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 …
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.
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?
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 …
CNBC:
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:

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