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Kurt Wagner / Recode:
Early data from AdStage suggests Facebook's News Feed changes have driven ad prices up by decreasing the amount of time users spend on the social network   —  Mark Zuckerberg said people would spend less time on Facebook after the change.  It looks like that might be happening.
Mar 7, 2018, 9:15 PMIn context
Kurt Wagner / Recode:
Reddit on Russian propaganda: hundreds of accounts removed, few Russian ads were seen and are now disallowed, @TEN_GOP tweets amplified by “thousands” on Reddit   —  Reddit didn't find any Russian ads about the 2016 election, but there was plenty of non-ad content being shared.
Mar 5, 2018, 4:10 PMIn context
Theodore Schleifer / Recode:
Coinbase hires Emilie Choi, who did 40+ deals during her tenure as head of M&A at LinkedIn, as its VP of corporate and business development   —  A cryptocurrency company could do some fairly outside-the-box acquisitions.  —  Coinbase, the cryptocurrency trading platform …
Mar 5, 2018, 11:40 AMIn context
Rani Molla / Recode:
Adobe Analytics: the time smartphone users spend on websites per visit has decreased by 10% since 2015; the amount of money spent per visit has increased by 27%   —  Faster mobile speeds could mean more money for online retailers.  —  Each time Americans visit retail websites on their phones, they're spending less time but more money.
Mar 4, 2018, 5:30 PMIn context
Kurt Wagner / Recode:
Facebook says it's ending test in six countries that moved Pages' posts from News Feed to secondary Explore Feed, is also ending Explore Feed bookmark globally   —  Facebook has ended a test that put publishers in one feed and friends in another.  —  Facebook has decided it's a bad idea …
Mar 1, 2018, 1:52 PMIn context
Theodore Schleifer / Recode:
DoorDash raises $535M Series D led by SoftBank, sources say at a post-money valuation of $1.4B, and says it will increase its headcount by 250 to ~800 this year   —  The challenge for the company will be to stay disciplined even as it sits on a huge stockpile of dollars.
Mar 1, 2018, 9:25 AMIn context
Recode:
Spotify's gross margin has grown from 16% to 21% from 2014 to 2017, but since it pays per stream, it still must figure out how to turn usage growth into profit   —  Spotify generates billions in revenue and gives most of that money to the music labels.  But it is gaining leverage and getting better margins.
Feb 28, 2018, 10:25 PMIn context
Theodore Schleifer / Recode:
How Spotify shareholders TPG and Dragoneer used convertible debt notes, which entitled them to more shares if listing was delayed, to force listing by July 2   —  A three-part play in a debt drama.  —  Spotify solved a messy debt problem posed by two of its shareholders in recent months …
Feb 28, 2018, 3:55 PMIn context
Jason Del Rey / Recode:
Square says that in December 7M customers used the Cash app and that Cash customers spent more than $90M using virtual and physical Cash cards   —  That's... pretty big?  —  Since Square's founding in 2009, CEO Jack Dorsey has been determined to build a consumer hit that complements the company's core payment-processing business.
Feb 27, 2018, 6:40 PMIn context
Johana Bhuiyan / Recode:
Ford chooses Miami to test autonomous ride-hail and delivery businesses, including pilot with Postmates and Domino's, and is setting up fleet-management center   —  The company is testing its cars in a delivery service, mapping out the streets for a driverless ride-hail service and setting up a fleet-management center.
Feb 27, 2018, 4:25 PMIn context

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