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December 28, 2019, 7:55 AM
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| Alex Kantrowitz / BuzzFeed News: |
A look back at how Facebook and Twitter evolved over the 2010s, chasing size and influence at a cost to society that will take years to understand — The two companies had a bad run in the 2010s. It was their own fault. — It's been a rough decade for Facebook and Twitter.| Kate Cox / Ars Technica: |
A retrospective on Facebook's past decade, during which it grew to 2.45B users to become a major facet of life worldwide and wound up in regulatory crosshairs — Facebook grew 600% in 10 years, worming its way into basically everything. How? — By the end of 2009, Facebook …
Tweets: @arstechnica and @arstechnica
| Shunsuke Tabeta / Nikkei Asian Review: |
China launches two more satellites for BeiDou, its GPS competitor, says it will be fully complete in June, with centimeters-level accuracy by the end of 2020 — 70% of Chinese smartphones now compatible with Beidou — BEIJING — China announced Friday that it is just months away …
More:
Associated Press, TechCrunch, The Independent, and Gizmodo
| David Porter / 8tracks blog: |
As 8tracks prepares to shut down on December 31, its co-founder shares a post-mortem of what went wrong with the once-promising music streaming startup — 8tracks has had a long run and its day in the sun. We're sad to announce, however, that the company and its streaming service will wind …
More:
PiunikaWeb. Tweets: @chr1sa, @agaresia, @rrhoover, @darthjuno, @hasief, @mathewi, @8tracks, @jherskowitz, and @iamdickgregory
| Emma Lee / TechNode: |
Tencent debuts Tencent Meeting, a Zoom-like cloud-based video conferencing service, as it continues its push into enterprise services — Tencent rolled out on Wednesday a Zoom-like video conferencing app dubbed Tencent Meeting amid its push to enterprise-facing services.| Alexander Lee / Washington Post: |
Tuvalu, a tiny island nation with the .tv TLD, has been cashing in on domain sales to Twitch and others, representing ~8% of the island's gross national income — In 1995, Stephen Boland sat in his government office while working as the macroeconomic planner for the Pacific microstate of Tuvalu when the fax machine whirred to life.
Tweets: @yancyeaton, @brianstelter, @atossaaraxia, and @islandsinnovate
| George P. Slefo / Ad Age: |
Spotify will suspend political ads in early 2020, citing the lack of tools to review them; source: political ads are not a significant source of its revenue — Presidential hopeful Bernie Sanders and the RNC are among Spotify advertisers — Spotify is suspending the sale of political advertising …
More:
TechCrunch, Axios, Inc42 Media, Reuters, Vanity Fair, Billboard, USA Today, Wall Street Journal, Gizmodo, WTKR-TV, CNBC, SlashGear, VICE, Engadget, Input, Variety, Marketing Land, Bloomberg, Mashable, The Verge, CNET, and Seeking Alpha
Tweets: @zck, @slpng_giants, @digiphile, @tolles, @emilyglazer, @kerrymflynn, @johnwilson, @slacktivist00, @jason_kint, and @jason_kint
| Reuters: |
Mastercard SpendingPulse: US online holiday sales from Nov. 1 through Dec. 24 grew 18.8% YoY, for a 14.6% share of the total retail sales during the period — (Reuters) - U.S. shoppers spent more online during this year's holiday shopping season, a report by Mastercard Inc (MA.N) … | Zachery Eanes / Raleigh News & Observer: |
Profile of Epic Games CEO Tim Sweeney, including the development of Fortnite, why he chose North Carolina as a base, and his ambitious land conservation efforts — The News & Observer's Tar Heel of the Year — The News & Observer recognizes North Carolina residents who have made significant contributions …
Tweets: @newsycombinator, @will_doran, and @newsobserver
| Brady Dale / CoinDesk: |
Profile of Rune Christensen, the leader of MakerDAO, a decentralized finance project providing trustless loans, now backed by ~$312M worth of ethereum — Rune Christensen has built MakerDAO into the most important project in decentralized finance, the fastest growing area in crypto.| Elise Favis / Washington Post: |
Livestreams have become a popular venue for charity fundraising, replacing legacy telethons, with Twitch users raising $75M+ for charities between 2012 and 2017 — In the 1970s and '80s, mass media fundraising revolved around the telethon. Millions tuned in to watch Jerry Lewis and others emcee …
Tweets: @launcherwp and @elisefavis
| William Suberg / Cointelegraph: |
BitMEX Research report: of 12 big initial exchange offerings in 2019, 11 are almost worthless compared to the price their tokens first traded for on exchanges — Initial exchange offerings (IEOs), which launched in 2019 have lost investors up to 98% of their money, damning new statistics show.| Jasper Jolly / The Guardian: |
UK's Competition and Markets Authority says Amazon failed to address its concerns about the investment in Deliveroo, refers the deal to a full investigation — Regulator says US firm's £442m stake in London-based food courier could hit customers, restaurants and grocers
More:
BBC, CityAM, Sky News, Associated Press, Reuters, Engadget, PYMNTS.com, New York Post, and Telegraph
Tweets: @cmagovuk and @lamadridalfonso
| Benedict Evans: |
Amazon has ~35% of US ecommerce and ~6% of addressable US retail, and is two thirds the size of Walmart, which would make an antitrust case against it difficult — - Amazon is a big company, but what does that mean? How big is ‘big’? What does ‘dominant’ or ‘scale’ or ‘huge’ mean when US retail is $6 trillion a year?
Tweets: @aaronbuley, @stevesi, @robertwiblin, @eicker, @mschoening, @evplusev, @sachinrekhi, and @mayank_b23
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