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July 22, 2022, 6:10 PM
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| Annie Palmer / CNBC: |
Twitter reports Q2 revenue down 1% YoY to $1.18B, vs. 1.32B est., a $270M net loss, down from $66M in net income a year ago, 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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Twitter, New York Times, Los Angeles Times, SiliconANGLE, New York Times, New York Post, Reuters, Today in Digital Marketing, Bloomberg, Politique Republic, thatMeaning, Marketing Dive, CryptoPotato, Associated Press, Engadget, The Wrap, TechSpot, Decrypt, Financial Times, Fortune, Stock Quest, Silicon Republic, Axios, The Verge, and Forbes
Tweets: @aparanjape, @davepell, @alistairmbarr, @carnage4life, @carnage4life, @newley, and @ryan_browne_
| Jacob Kastrenakes / The Verge: |
Twitter says Q2 ad revenue grew 2% YoY to $1.08B and blames its revenue slide on uncertainty around Elon Musk's “pending 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.| Zoe Kleinman / BBC: |
Twitter reiterates its false or spam account average estimate, saying it performed an internal review and found they 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.| Bloomberg: |
Source: FTX is in advanced talks to acquire South Korean cryptocurrency exchange Bithumb — FTX, the crypto trading platform co-founded by billionaire Sam Bankman-Fried, is in advanced talks to buy South Korea's Bithumb, a person with knowledge of the matter said.
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The Block, Decrypt, PYMNTS.com, The Block, Blockworks, Bitcoinist.com, Ethereum World News, Crypto Briefing, CryptoSlate, Fortune, Cryptonews, and Crypto Adventure
Tweets: @epro and @doombergt
| Cameron Thompson / CoinDesk: |
FTX plans to let customers of bankrupt crypto lender Voyager create new accounts on FTX, funded by an early distribution of a part of their bankruptcy claims — The crypto exchange will allow Voyager customers to create accounts funded by an early distribution of a part of their bankruptcy claims.
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PR Newswire, Bloomberg, Blockworks, Protocol, Reuters, The Block, Cointelegraph, and Crypto Briefing
Tweets: @sbf_ftx and @laurashin
| Ashley Capoot / CNBC: |
Snap's stock closes down 39.08% following its Q2 earnings report that missed expectations, and is down 78%+ year-to-date — - Shares of Snap fell 39% on Friday, a day after the company reported disappointing second-quarter results. — Snap attributed its results to a challenging economy …
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Snap, Fortune, and Tubefilter
| Bloomberg: |
An interview with 3AC founders Su Zhu and Kyle Davies, who may be hiding in the UAE, on its “regrettable” collapse, leverage, Luna, risk management, and more — After five weeks in hiding, the disgraced founders of Three Arrows Capital spoke extensively about the spectacular implosion …
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Decrypt, The Block, CoinDesk, A Scammer Darkly, Coinspeaker, CryptoPotato, Bitcoinist.com, Watcher Guru, Cointelegraph, Cryptonews, Crypto Briefing, Bitcoin News, Blockworks, Finbold, Ethereum World News, Blockchain Confidential, Crypto Daily, Protocol, The Weekly Update, CryptoSlate, and Forkast
Tweets: @cryptohayes, @samrusani, @defi_dad, and @freddieraynolds
| Mike Allen / Axios: |
Amazon SVP of global corporate affairs Jay Carney plans to join Airbnb in September 2022 as global head of policy and communications, succeeding Chris Lehane — Jay Carney, who was White House press secretary under President Obama, will move from Amazon to Airbnb as global head of policy and communications.
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Airbnb Newsroom, Associated Press, GeekWire, The Hill, PYMNTS.com, Reuters, Financial Times, Wall Street Journal, CNBC, Bloomberg, New York Times, and Scope Creep 🎯
Tweets: @bchesky, @mikeallen, @swin24, @liz_jarv, and @kenklippenstein
| Oversight Board: |
Meta's Oversight Board Trust says the company is giving $150M to the trust as part of ongoing financial support, after its initial $130M contribution in 2019 — Today the Oversight Board Trust announced that Meta has made a commitment that provides for ongoing financial support for the Oversight Board.| Associated Press: |
California approves new rules to let state and local office candidates accept cryptocurrency campaign donations if they immediately convert them into US dollars — Candidates for state and local offices in California will soon be able to accept cryptocurrency campaign donations.
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PYMNTS.com, CoinQuora, Watcher Guru, Finbold, and The Block
| Natasha Mascarenhas / TechCrunch: |
Instacart co-founder Apoorva Mehta, who stepped down as CEO in 2021, says he'll step down as executive chairman and leave the board once the company goes public — A year ago, Instacart co-founder Apoorva Mehta left his role as chief executive of the grocery delivery unicorn and took on an executive chairman position.| Lawrence Abrams / BleepingComputer: |
Entrust, an ID management company used by US Treasury, DHS, and others, confirms it was breached by a ransomware gang in June which stole internal data — Digital security giant Entrust has confirmed that it suffered a cyberattack where threat actors breached their network and stole data from internal systems.Sponsor Posts
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