Techmeme: The Facebook stock drop foreshadows a potentially less profitable future as it relies more on video formats like Stories with a lighter ad load than News Feed (Janko Roettgers/Variety)

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July 27, 2018, 8:15 AM

Top News

Bloomberg:

Slack to buy HipChat and Stride assets from Atlassian, Atlassian will make equity investment in Slack; HipChat and Stride to shut down in February 2019 — Atlassian Corp. is selling its corporate chat software to rival Slack Technologies Inc. and taking a small stake in the startup …

More: Slack, Atlassian Blog, Tech in Asia, TechCrunch, The Verge, BetaNews, Inquirer, Wired, TechCrunch, 9to5Mac, Neowin, The Register, The Next Web, Engadget, Thurrott.com, Business Insider, Android Police, WordPress Tavern, Fortune, GeekWire, CNET, VentureBeat, Seeking Alpha, BetaKit, TechSpot, ZDNet, Atlassian, and CNBC

Tweets: @stewart, @stewart, @chamath, @levie, @cnbcnow, @mikeal, @ellenhuet, @gaberivera, @sai, @caseynewton, @carnage4life, @tomwarren, and @panzer

Paresh Dave / Reuters:

Twitter posts record Q2 profit of $100M, beats estimates on revenue of $711M, up 24% YoY, but monthly users fell by 1M from Q1 to 335M due to increased removals — SAN FRANCISCO (Reuters) - Twitter Inc (TWTR.N) posted record profit on Friday with second quarter revenue that beat financial analysts' estimates …

More: TechCrunch, Bloomberg, The Verge, VentureBeat, Engadget, Washington Post, Business Insider, and Axios

Tweets: @twitterir, @twitterir, @twitterir, @ranimolla, @twitterir, @twitterir, @twitterir, and @twitterir

See also Mediagazer

Michelle Castillo / CNBC:

Twitter stock drops as much as 18% in pre-market trading after it reported a decline in monthly active users

More: Wall Street Journal and The Guardian

Tweets: @anthony and @vladsavov

See also Mediagazer

CNBC:

Facebook closes down 19% after the disappointing user numbers and revenue growth projections, losing almost $120B in market value in a day — - The company missed projections on key metrics after struggling with data leaks and fake news scandals. — The stock is flirting with bear market territory …

More: The Verge, CNNMoney, Bloomberg, Bloomberg, TechHQ, CNET, Financial Times, Tom's Guide, Fortune, ABC News, Tech.pinions, Axios, Business Insider, NBC News, Neowin, WRAL TechWire, Digital Trends, Forbes, CNNMoney, BuzzFeed News, TechCrunch, TechCrunch, Wall Street Journal, Facebook, and TechCrunch

Tweets: @antoniogm, @cnbc, @hannahkuchler, @alexeheath, @jkottke, @youseftv, and @gerritd

Janko Roettgers / Variety:

The Facebook stock drop foreshadows a potentially less profitable future as it relies more on video formats like Stories with a lighter ad load than News Feed — These days, everything seems to be going wrong for Facebook. The social networking giant is still reeling from the aftermath of the Cambridge Analytica privacy scandal.

More: Bloomberg and CNBC. Tweets: @sarahfrier

See also Mediagazer

Corbin Davenport / Android Police:

Google updates Play Store policies, no longer allowing crypto miners, apps that aid the sale of firearms or accessories, apps that primarily serve ads, and more — Google regularly updates its Play Store developer policies; the last time it happened, fake ID apps were banned from being submitted by developers.

More: Engadget, ZDNet, BetaNews, The Verge, Gizmodo, Forbes, Firstpost, Softpedia News, Neowin, Ubergizmo, Mashable, SlashGear, and BleepingComputer

Amazon.com:

Amazon announces Q2 revenues of $52.89B vs. $53.41B est., net sales of $52.8B, up 39% YoY, and net income of $2.5B, up from $197M in Q2 2017 — Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2018. — Operating cash flow increased 22% …

Matthew Lynley / TechCrunch:

Amazon Web Services' Q2 revenues were $6.1B, with $1.6B in operating income; Amazon's retail operations earned nearly $47B in revenue and $1.3B+ in net income

More: CNBC, VentureBeat, and GeekWire

Tweets: @jordannovet, @jordannovet, @sparkycollier, @lamonicabuzz, @kyle_l_wiggers, @taniaglezaz, and @techcrunch

Garett Sloane / Ad Age:

Amazon's “other” sales, which consist primarily of advertising services, hit nearly $2.2B in Q2, up 132%, making it Amazon's fastest-growing segment

More: Recode and CNNMoney

Tweets: @mikeisaac, @mediagazer, and @jonknee

See also Mediagazer

PYMNTS.com:

Stripe announces Stripe Issuing, a service for companies to quickly create, distribute, and manage their own physical and virtual payment cards using an API — Payments company Stripe is rolling out a new solution that lets businesses create and issue their own credit and debit cards, the company announced on Thursday (July 26).

More: Stripe, Bloomberg, and NFC World

Steven Musil / CNET:

Facebook bans Alex Jones from using his account for the next 30 days after removing four of his videos for violating its community standards — Alex Jones, the founder and star of conspiracy site Infowars, has been suspended by Facebook — and may face harsher consequences.

More: TechCrunch, BBC, and Ad Age

Tweets: @girlguidejones, @carnage4life, @joshconstine, @joshconstine, and @mikeisaac

See also Mediagazer

Barry Schwartz / Search Engine Land:

Google to update event search results to show time, location, ticketing providers and more and add a For You tab with personalized suggestions next week — Upgrades to Google's event search features include time, location, ticketing providers, sharing, saving and much more. — Marketing an event?

More: The Keyword, Search Engine Roundtable, PYMNTS.com, Search Engine Journal, TechCrunch, and Ubergizmo

Zack Hendlin / Official LinkedIn Blog:

LinkedIn rolling out feature that lets users send voice messages on Android and iOS, receive them on mobile and the web; feature available globally within weeks — Have you ever typed out a long message and thought about how much faster and easier it would be to say it out loud?

More: MacRumors, 9to5Mac, Fast Company, Ubergizmo, Social Media Today, CNNMoney, Mashable, and Fortune

Tweets: @nickstatt, @mp_roberts, @sfiegerman, @heatherkelly, @inthecompanyof, @rrhoover, @johnsaveland, and @caseynewton

Christopher Mims / Wall Street Journal:

Study: the higher productivity growth of the biggest companies, including Amazon, Google, and Microsoft, results from investment in their own technology — The secret of success for Amazon, Google and Microsoft is how much they invest in their own technology

Tweets: @greg_ip, @calebwatney, @mims, @steven_norton, @mims, @mims, and @skupor

João Carrasqueira / Neowin:

Telegram launches Telegram Passport, an authorization method for services requiring real-world identification that encrypts documents end-to-end in the cloud — Telegram, the privacy-oriented messaging app, has released version 4.9 of its app for both Android and iOS devices bringing a major new feature: Telegram Passport.

More: 9to5Google, Telegram, MediaNama, and Android Police

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From Mediagazer

New York Times:

In a memo, 60 Minutes EP Bill Owens says he is resigning because he had lost his journalistic independence; the show is under pressure from Trump and Paramount

Dietrich Knauth / Reuters:

A US judge orders the Trump administration to “take all necessary steps” to reinstate employees and resume broadcasts of VOA and other government-funded radio

Luc Cohen / Reuters:

A federal jury finds The New York Times not liable in the retrial of Sarah Palin's defamation case over a 2017 editorial about gun control

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More News

Washington Post:

New study of nine US cities says services like UberPool are increasing traffic congestion by luring customers who would otherwise have taken transit or walked

More: 9to5Mac and Streetsblog New York City. Tweets: @aaschapiro

Kate Fazzini / CNBC:

Tenable, a provider of subscription-based tools to quantify potential damage from cybersecurity breaches, closes up 31.5% after raising $250M in an IPO

More: SiliconANGLE

Alex Fang / Forbes:

Chinese social commerce startup Pinduoduo closes at $26.70 on Nasdaq, up more than 40% on its first day of trading, after raising $1.63B in its IPO

More: Bloomberg, TechCrunch, Fortune, Business Insider, Financial Review, Financial Times, Caixin Global, Fortune, Tech in Asia, and Reuters. Tweets: @forbes

Jordan Novet / CNBC:

Intel reports Q2 revenues of $16.96B, up 15% YoY, Client Computing Group revenue of $8.73B, up 6% YoY, and Data Center Group revenue of $5.55B, up 27% YoY

More: Inquirer, ZDNet, VentureBeat, PCWorld, Telegraph, Intel, and CNET

Tweets: @stevesi, @rogoway, and @benbajarin

Didi Akinyelure / Reuters:

Google Station, Google's public Wi-Fi service, is launching in Nigeria with 6 hotspots in Lagos and 200 planned in 5 cities by the end of 2019

More: Android Authority, The Keyword, Android Police, 9to5Google, and TechSpot

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

More: Fortune, Social Media Today, SlashGear, and Engadget. Tweets: @joshconstine

See also Mediagazer

Canalys:

Research: Apple shipped 3.5M Watches in Q2, up 30% YoY, but its market share dropped from 43% in Q1 to 34% in Q2 as global smartwatch sales grew to 10M

More: MacRumors, VentureBeat, AppleInsider, 9to5Mac, O'Grady's PowerPage, Digital Trends, Softpedia News, Neowin, iPhone Hacks, TechSpot, Cult of Mac, and The Verge

Earlier Picks

New York Times:

Sources: Robert Mueller wants to question Donald Trump over tweets about Sessions and Comey as part of an obstruction of justice inquiry

More: Engadget and KTLA

Tweets: @sethabramson, @kylegriffin1, @kylegriffin1, and @markberman

Jared Newman / Fast Company:

Amazon announces Alexa Cast, a new feature that lets users control tracks playing on Alexa-enabled speakers from the Amazon Music app on a phone

More: Android Authority, CNET, Ubergizmo, XDA Developers, RAIN News, Thurrott.com, Trusted Reviews, and Engadget. Tweets: @backlon

Dieter Bohn / The Verge:

Review of Google Assistant-powered Lenovo Smart Display, the first device to run on Android Things, available July 27 with 8"/10" screens for $199 and $249

More: Pocketnow, SiliconANGLE, The Next Web, Android Police, Tom's Guide, Android Central, Digital Trends, 9to5Google, BetaNews, KnowTechie, The Keyword, XDA Developers, CordCutters, Thurrott.com, CNET, Ars Technica, 9to5Toys, Engadget, Engadget, CordCutters, CNET, SlashGear, Thurrott.com, Gizmodo, TechCrunch, Android Central, and 9to5Google

Tweets: @awrightidc, @backlon, @dcseifert, and @backlon

David Pogue / Yahoo! Finance:

Members of Google Assistant's personality team, which includes comedians, empathy experts, and others, describe development of tricky features and Easter eggs

More: 9to5Google. Tweets: @reckless and @pogue

Cyrus Farivar / Ars Technica:

In a test conducted by the ACLU, Amazon's Rekognition facial recognition tech erroneously matched 28 members of Congress, 6 of them black, to criminal mugshots

More: Inquirer, SiliconANGLE, Fortune, The Register, The Guardian, USA Today, BGR, Wired, Adweek, The Verge, Axios, Newser, Engadget, The Next Web, BuzzFeed News, Digital Trends, Mercury News, CNET, Gizmodo, TechSpot, ACLU of Northern CA, Slate, MIT Technology Review, Hit & Run, Fedscoop, TechCrunch, VentureBeat, Business Insider, The Outline, The Hill, The Daily Caller, Quartz, Engadget, and Mashable

Tweets: @aclu, @daveyalba, @trevortimm, @mtaibbi, @evanselinger, @sgw94, and @trevortimm

Jon Levine / The Wrap:

Twitter CEO addresses claims about some Republican leaders not appearing in search auto-suggestions, points to a thread that offers explanation and vows changes