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July 27, 2018, 4:50 PM
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Top News

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 …
Michelle Castillo / CNBC:
Twitter closes down more than 20% after company reports 1M QoQ decline in monthly active users  —  - Monthly active users (MAUs): 335 million vs. 338.5 million, according to StreetAccount and FactSet estimate  —  Twitter shares closed more than 20 percent down on Friday after the company reported …
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.
Chloe Aiello / CNBC:
New York State Public Service Commission voted to revoke approval of the 2016 Charter/TWC merger saying company failed to meet broadband buildout obligations  —  - The New York State Public Service Commission voted on Friday to revoke its approval of the 2016 merger agreement between Charter Communications and Time Warner Cable.
Claire Boston / Bloomberg:
SEC filing: MoviePass ran out of money and couldn't cover the bills causing service outage on Thursday, had to take out short term $6M+ loan due in early August  —  Helios and Matheson Analytics Inc., the parent company of MoviePass, received a short-term loan for more than $6 million …
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?
Christopher Yasiejko / Bloomberg:
IBM wins $83M from Groupon for infringing on ecommerce patents  —  - Patent case IBM's first to go to jury in at least 20 years  — Win adds value for IBM's portfolio of more than 45,000 patents  —  A U.S. jury awarded International Business Machines Corp. $83.5 million after finding …
More: Reuters and WRAL TechWire.  Tweets: @mdudas
Romain Dillet / TechCrunch:
Norway-based browser maker Opera opens up 19.5% on its first day of trading in US after raising $115M in its IPO  —  Opera is now a public company.  The Norway-based company priced its initial public offering at $12 a share — the company initially expected to price its share in the $10 to $12 price range.
CNBC:
Facebook closes down 19% after the disappointing user numbers and revenue growth projections, losing almost $120B in market value in a day

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 4:50 PM ET, July 27, 2018.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Caitlin Huston / The Hollywood Reporter:
Internal memo: Hearst Magazines president announces layoffs as part of a decision to “reallocate resources” to “continue our focus on digital innovation”

Jon Brodkin / Ars Technica:
FCC Chairwoman Jessica Rosenworcel announced she will leave the agency on January 20; she was the first woman to be confirmed to lead the agency

Lachlan Cartwright / The Ankler:
Sources: MSNBC renewed Rachel Maddow's contract early this fall, but with a pay cut; MSNBC bosses' plan to shake up daytime and weekend programming

More News

Shona Ghosh / Business Insider:
UK's Improbable raises $50M from NetEase to bring its large-scale game simulation platform SpatialOS to China; sources: Improbable doubled its valuation to $2B
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
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

Earlier Picks

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
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
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