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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 …
Aug 7, 2018, 11:15 PMIn context
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; stock down 6%+   —  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 …
Aug 7, 2018, 4:22 PMIn context
Josh Constine / TechCrunch:
Facebook calls WSJ report incorrect, says it's not asking banks for CC transaction data nor making a dedicated banking feature but is aiming to improve chatbots   —  Backlash swelled this morning after Facebook's aspirations in financial services were blown out of proportion by a Wall Street Journal report …
Aug 6, 2018, 2:06 PMIn context
Josh Constine / TechCrunch:
Facebook redesigns business Pages as their feed reach declines, to emphasize utility related to the particular company and will begin suggesting “related pages”   —  An unescapable fact of Facebook's ubiquity is that as more Pages and people compete for limited News Feed attention …
Aug 6, 2018, 1:00 PMIn context
Josh Constine / TechCrunch:
WhatsApp begins charging businesses for message replies after 24 hours, launches display ads globally for web and Facebook that open to WhatsApp conversations   —  Today WhatsApp launches its first revenue-generating enterprise product and the only way it currently makes money directly from its app.
Aug 1, 2018, 12:38 PMIn context
Josh Constine / TechCrunch:
Facebook, with 5x Stories users across its apps than Snapchat, needs to make the unskippable Stories ad format work to keep revenues growing   —  Commercials for the TV of tomorrow  —  Prepare for the invasion of the unskippables.  If the Stories social media slideshow format is the future of mobile TV …
Jul 29, 2018, 7:45 PMIn context
Josh Constine / TechCrunch:
Snap launches Snapchat Storytellers, a pilot program to pair brands with 5 of the app's most popular content makers, including Mplatco, Cyrene Q and Shonduras   —  Snapchat is arriving very late to the game of courting influencers.  Now it hopes to boost ad spend by connecting businesses …
Jul 26, 2018, 2:40 PMIn context
Josh Constine / TechCrunch:
Facebook closed at $217.50 on Wednesday, near the record high, and opened at $174.89 on Thursday, erasing more than $100B in a market cap value overnight   —  Facebook's share price fell over 20 percent in after-hours trading today after the company announced its slowest-ever user growth rate …
Jul 25, 2018, 6:55 PMIn context
Josh Constine / TechCrunch:
Facebook says 2.5B people used at least one of either Facebook, Instagram, WhatsApp, or Messenger in June   —  Facebook today for the first time announced that 2.5 billion use at least one of its apps: Facebook, Instagram, WhatsApp, or Messenger.  That's a helpful number because it counts real people …
Jul 25, 2018, 5:27 PMIn context
Josh Constine / TechCrunch:
Facebook's Q2 earnings saw MAUs climb just 1.54%, down from Q1's 3.14%, marking its slowest ever growth rate, and revenue of $13.23B missed estimates of $13.36B   —  Facebook has hit a wall.  The social network succumbed to the public backlash over its handling of fake news, privacy …
Jul 25, 2018, 4:25 PMIn context

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