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Josh Constine / TechCrunch:
Facebook launches two AR games for Messenger video chat that can be played with up to six people   —  Facebook is diving deeper into in-house game development with the launch of its own version of Snapchat's multiplayer augmented reality video chat games.  Today, Facebook Messenger globally launches …
Aug 8, 2018, 9:30 AMIn context
Josh Constine / TechCrunch:
Snapchat gets $250M investment from Saudi prince for 2.3%   —  Snap Inc got a fresh infusion of cash from the Saudi royal family to help it survive despite losing $353 million this quarter.  Prince Al-Waleed Talal tweeted a video of him and Snap CEO Evan Spiegel, noting that he's invested $250 million …
Aug 8, 2018, 12:10 AMIn context
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

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