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August 8, 2018, 9:10 AM
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| Josh Constine / TechCrunch: |
Snap reports Q2 revenue of $262.3M, up 44% YoY, vs. $249.8M est., and 188M DAUs, up 8% YoY but down from 191M in Q1 — The Stories War has officially killed Snapchat's growth. In Q2 2018 earnings today, Snapchat's daily user count shrank 1.5 percent to 188 million this quarter …
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Motherboard, SensorsTechForum.com, The Next Web, Bloomberg, Inquirer, CNBC, Recode, SiliconANGLE, 9to5Mac, CNET, Stock Market News …, Android Police, Cult of Mac, Firstpost, SlashGear, Peter O'Kelly's Reality Check, MacRumors, The Verge, PYMNTS.com, Quartz, Gizmodo, AdExchanger, Mashable, Gizmodo, Bloomberg, and Axios
Tweets: @shiraovide, @alexeheath, @sarahfrier, @recode, @joshconstine, @joshconstine, @shiraovide, @recode, @alexeheath, and @ericnewcomer. Thanks:@joshconstine
| Josh Constine / TechCrunch: |
Snap gets $250M investment from Saudi Prince Alwaleed for a 2.3% stake, valuing the company at $10.8B, a steep discount to the company's $16B+ market cap — Snap Inc got a fresh infusion of cash from the Saudi royal family to help it survive despite losing $353 million this quarter.| Marc Vartabedian / Wall Street Journal: |
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New York Times, iDownloadBlog.com, Fortune, Recode, Business Wire, VentureBeat, CNET, MSPoweruser, Engadget, Telegraph, Variety, and Engadget. Tweets: @carnage4life
| Adi Robertson / The Verge: |
Magic Leap headset first look: functional and thoughtfully-designed, with some advantages over competitors, but not a radical step forward nor a magical advance — When you write about augmented reality headsets, you're supposed to start by describing something impossible …
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Wall Street Journal, The Verge, Wired, TechCrunch, Thurrott.com, 9to5Google, MIT Technology Review, VentureBeat, and Liliputing
Tweets: @tomwarren, @thedextriarchy, and @thedextriarchy
| Scott Stein / CNET: |
The Magic Leap One AR headset is now available for $2,295 in six US cities: Chicago, Los Angeles, Miami, New York, San Francisco (Bay Area), and Seattle — The Magic Leap One AR headset is out now for $2,295, but not everywhere — Surprise! But there's a good chance you still may not be able to buy it.
More:
Magic Leap, CNBC, CNET, Engadget, Engadget, CNET, Business Insider, Axios, MSPoweruser, MSPoweruser, Recode, Road to VR, and UploadVR. Tweets: @magicleap
| Clifton Leaf / Fortune: |
Salesforce names Keith Block, the company's vice chairman and president, co-CEO alongside Marc Benioff — Salesforce announced this evening that Keith Block, the company's vice chairman and president, would become co-CEO alongside Marc Benioff, the socially minded billionaire who has led …
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Salesforce.com, GeekWire, TechCrunch, Business Insider, ZDNet, and Light Reading
Tweets: @benioff and @keithblock
| CNBC: |
Twitter says accounts for Alex Jones and Infowars do not violate its policies, and it will leave them live for now — - Apple, Facebook and Google-owned YouTube removed videos, pages and podcasts posted by the controversial radio host. — Jones took to Twitter and its wholly owned …
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Twitter, Quartz, The Guardian, Gizmodo, Washington Post, BBC, BetaNews, Business Insider, Newser, Fortune, Axios, Digiday, Mashable, getrevue.co, Silicon Republic, The Federalist, Fast Company, HuffPost, Engadget, TechCrunch, MacDailyNews, TechCo, and Media Matters for America
Tweets: @jack, @jack, @can, @ndrew_lawrence, @realsorien, @freegirlnownyc, @liberalcartoons, @bwjones, @tomcoates, @tomcoates, @hunterwalk, @marcoarment, and @marcoarment
| Shoshana Wodinsky / The Verge: |
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Telegraph, SiliconANGLE, Fast Company, Polygon, The Atlantic, Columbia Journalism Review, Deadline, Politico, CNNMoney, CNBC, TechCrunch, Mashable, New York Times, The Next Web, CNBC, Cult of Mac, Motherboard, VentureBeat, Engadget, Quartz, 9to5Mac, and CNET
Tweets: @max_read, @caseynewton, @cwarzel, @peterktodd, @sarahlerner, @cwarzel, @stevekovach, @stevekovach, and @oliverdarcy
| David French / New York Times: |
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The Verge, Philip Elmer-DeWitt, CNBC, CNNMoney, AppleInsider, and Business Insider
Tweets: @anildash, @nytopinion, @michaelshermer, @roboct6, @scottgreenfield, @sjdahlman, @davereaboi, @bariweiss, and @hashtaggriswold
| TechCrunch: |
Sources: Slack is raising about $400M or more led by General Atlantic at a post-money valuation of at least $7B — Slack — the app that lets coworkers and others in professional circles chat with each other and call in data from hundreds of integrated apps in the name of getting more work done … | Bloomberg: |
Sources: SoftBank is in talks to invest from $500M-$750M in Zume, a California-based startup with delivery trucks that prepare fresh robot-made pizzas en route — SoftBank Group Corp. is in talks to invest from $500 million to $750 million in Zume Inc., a startup that makes and delivers fresh pizzas …
Tweets: @asanwal, @jasonlk, @mikeisaac, and @pinboard
| Wall Street Journal: |
Sources: Bytedance is raising ~$3B at a valuation of up to $75B ahead of possible Hong Kong IPO this year or next — Owner of China's top news-aggregation app could be valued at $75 billion — Beijing Bytedance Technology Co. has kicked off an equity-fundraising round that could value …
More:
Tech in Asia, TechCrunch, Bloomberg, TechNode, and Financial Times
Tweets: @zaidrmn, @wsj, and @vijayshekhar
| Meagan Flynn / Washington Post: |
Subpoena for Discord, the app used by white supremacists to plan the Charlottesville rally, could reveal their identities — In the months before the Charlottesville “Unite the Right” rally last August, a chat app called Discord was abuzz with alt-right agitators.| Marrian Zhou / CNET: |
Apple responds to Congress' inquiry from last month on privacy and security with 19-page letter that covers location tracking, microphone use, and more — Apple has just responded to Congress' inquiry on how it protects user privacy. — The House Committee on Energy and Commerce …
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Yahoo Finance, 9to5Mac, Pocketnow, MacRumors, Patently Apple, BGR, AppleInsider, Softpedia News, MediaNama, PhoneArena, and The Mac Observer
| Karl Bode / Motherboard: |
Study shows how millions of customers in the US with very slow broadband speeds are paying the same price as those with much faster speeds — Most Americans pay roughly the same price for their internet connection, even if their service is painfully slow. — Despite the ample hype …
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reddit.com
| Jem Aswad / Variety: |
Warner Music Group sells its entire stake in Spotify for $504M — UPDATED: In its earnings call on Tuesday morning, Warner Music Group announced that it has now sold its entire stake in Spotify, realizing $504 million. — CEO Steve Cooper said that the sale resulted in $126 million … Sponsor Posts
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Zoho:
Zoho WorkDrive named a Leader in the Nucleus Research CSC Technology Value Matrix 2026 — Enterprise content management is evolving rapidly with about 80% of the data unstructured. The growing challenge is not about storing information anymore.
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IDrive:
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