Techmeme
August 8, 2018, 9:10 AM

Top News

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 …
Marc Vartabedian / Wall Street Journal:
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 …
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.
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 …
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 …
Shoshana Wodinsky / The Verge:
David French / New York Times:
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 …
More: SiliconANGLETweets: @joshconstine
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 …
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 …
More: 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 …

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