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July 22, 2022, 10:01 AM
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| Annie Palmer / CNBC: |
Twitter reports Q2 revenue of $1.18B, down 1% YoY, a net loss of $270M, down from $66M in net income last year, and 237.8M mDAUs, up 16.6% YoY — - Twitter reported earnings for the second quarter on Friday that missed analyst estimates on earnings, revenue and user growth.
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Tweets: @carnage4life, @aparanjape, @newley, @ryan_browne_, and @carnage4life
| Jacob Kastrenakes / The Verge: |
Twitter says ad revenue grew 2% to $1.08B in Q2 and blames its revenue slide on uncertainty around the Elon Musk acquisition and ad industry problems — Musk is creating ‘uncertainty’ for advertisers — Twitter would have earned more money over the past few months if Elon Musk hadn't been in the picture.
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Tweets: @carnage4life, @arainert, and @pierce
| Zoe Kleinman / BBC: |
Twitter reiterates its estimate that the average of false or spam accounts represented fewer than 5% of MAUs in Q2 — Twitter spent $33m (£27m) on Elon Musk's proposed deal to buy the firm between April and June 2022. — It also said its number of monthly daily users had risen to 237m … | Jonathan Vanian / CNBC: |
Snap Q2: revenue up 13% YoY to $1.11B, vs. $1.14B est., DAUs up 18% to 347M, vs. 344.2M est., net loss of $422M, up from $152M YoY — - Snap missed on the top and bottom lines in its second-quarter earnings report. — The company authorized a stock repurchasing program of up to $500 million.
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| Ashley Capoot / CNBC: |
Snap opens down 33% following its Q2 earnings report; Snap stock is down 77% year-to-date — - Shares of Snap fell 35% on Friday, a day after the company reported disappointing second-quarter results. — Snap attributed its results to a challenging economy, slowing demand for its online platform … | Hannah Murphy / Financial Times: |
Snap plans to “substantially reduce” hiring, authorizes a stock repurchase program of up to $500M, and locks in CEO and CTO roles until at least January 1, 2027 — Social media company said it will ‘substantially reduce’ hiring and shake up strategy
Tweets: @munster_gene and @kantrowitz
| AJ Vicens / CyberScoop: |
Ukraine says hackers attacked TAVR Media, which operates nine radio stations, to broadcast a fake message that President Zelenskyy was in critical condition — Cyber criminals attacked a Ukrainian company that operates nine “major” radio stations to spread a message that Ukrainian President … | Richard Lawler / The Verge: |
Instagram says all new video posts under 15 minutes will now be shared as Reels and videos under 90 seconds from public accounts will be recommended to others — And it's combining the Reels / Video section of your profile under one tab — Welcome to the new era of Instagram … | Jon Porter / The Verge: |
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Facebook: Mark Zuckerberg. Tweets: @metanewsroom, @kurtwagner8, @benedictevans, @richlightshed, @brendannyhan, @jeeveswilliams, @brandonsilverm, @brendannyhan, @brandonsilverm, @brandonetc, @noupside, @brandonsilverm, @karaswisher, @brandonetc, @fortunemagazine, @filip_struharik, @brendannyhan, @mikeisaac, @pierce, @abuaardvark, @carnage4life, @aria_gerson, @alexhern, @fboversight, @baekdal, @jason_kint, @dandrezner, @jayrosen_nyu, @sarafischer, @teepusahab, @domdifurio, @kerrymflynn, @sarafischer, and @jaredlholt
| Brandy Betz / CoinDesk: |
Hashflow, a DeFi trading app, raised a $25M Series A from Jump Crypto, Wintermute, GSR, and Coinbase's and Kraken's VC arms, among others, at a $400M valuation — The platform uses an asset pricing model that offers interoperability, lower fees and no slippage.
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Hashflow, FinSMEs, Coinspeaker, ETH Daily, Blockworks, Business Wire, and The Block
| Jon Brodkin / Ars Technica: |
FCC chair asks carriers to explain how they use geolocation data, as Congress debates a law that may preempt the FCC from regulating carriers' privacy practices — Inquiry launched as Congress debates bill that could gut FCC's privacy authority. — Federal Communications Commission … | Tim Copeland / The Block: |
The SEC lists nine crypto tokens as securities in its insider trading complaint against an ex-Coinbase staffer; Coinbase petitions for rules classifying tokens — - The SEC has arrested and charged a former Coinbase employee with wire fraud. — In the SEC complaint, it mentions nine tokens and says they are all securities.
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Tweets: @haileylennonbtc, @lund_dane, @thenewsham, @ncweaver, @stonedpipez, @carnage4life, and @neerajka
| Bloomberg: |
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Tweets: @carolinedpham, @brian_armstrong, @neerajka, @briankrebs, @leereiners, @ohaiom, @tier10k, @krugermacro, @notgrubles, @matt_levine, @thecoomunist, @dog_shill, @brian_armstrong, @secgov, @reckless, @adamscochran, @crypto_bitlord7, @pitdesi, @jacqmelinek, @verge, @carnage4life, @fintechfrank, @alexhern, @jwverret, @damedoteth, @damedoteth, @sridinats, @rmac18, @jeffjohnroberts, and @wublockchain
| John Hendel / Politico: |
Nearly 200 US rural carriers are saddled with old Huawei and ZTE gear they can't afford to remove; promised Congress funds are coming too slow and aren't enough — The U.S. is still struggling to complete the break up with Chinese telecom companies that Donald Trump started four years ago.
Tweets: @johnhendel
| Emily Birnbaum / Bloomberg: |
Apple is on track for its biggest year of US lobbying, spending $4.6M in H1 2022, as Tim Cook becomes one of the country's most politically active tech CEOs — Apple Inc. Chief Executive Officer Tim Cook wasn't fully sold on having a team of Washington lobbyists a decade ago.
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Philip Elmer‑DeWitt, Cult of Mac, AppleInsider, MacDailyNews, and 9to5Mac
Tweets: @timsweeneyepic, @papscun, and @demandprogress
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