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August 8, 2018, 1:30 AM
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| Josh Constine / TechCrunch: |
Snap reports Q2 revenue of $262.3M, up 44% YoY, vs. $249.8M est., and 188M DAUs, up 8% YoY but down from 191M in Q1 — The Stories War has officially killed Snapchat's growth. In Q2 2018 earnings today, Snapchat's daily user count shrank 1.5 percent to 188 million this quarter …
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The Next Web, Motherboard, Android Police, CNBC, Recode, SiliconANGLE, MacRumors, CNET, Quartz, PYMNTS.com, SlashGear, Bloomberg, Gizmodo, Mashable, Gizmodo, AdExchanger, 9to5Mac, Bloomberg, The Verge, and Axios
Tweets: @alexeheath, @sarahfrier, @joshconstine, @recode, @joshconstine, @shiraovide, @alexeheath, @recode, and @ericnewcomer. Thanks:@joshconstine
| Josh Constine / TechCrunch: |
Snap gets $250M investment from Saudi Prince Alwaleed for a 2.3% stake, valuing the company at $10.8B, a steep discount to the company's $16B+ market cap — Snap Inc got a fresh infusion of cash from the Saudi royal family to help it survive despite losing $353 million this quarter.| Marc Vartabedian / Wall Street Journal: |
Snap's DAU decline in Q2 marks the first time Snapchat has lost daily users since the company was founded in 2011 — Report of disappointing growth follows news that Facebook and Twitter are seeing a slowdown — Snap Inc. reported its first quarterly decline in daily users …
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New York Times, Recode, Business Wire, VentureBeat, MSPoweruser, Telegraph, Variety, Engadget, and Engadget. Tweets: @carnage4life
| Shoshana Wodinsky / The Verge: |
Following bans of Infowars' content, its mobile app has shot up iOS App Store and Google Play Store charts, going from 47th to 4th in US news category on iOS — ‘Infowars WILL NOT be silenced’ — Infowars Official, the app named after Alex Jones' controversial radio talk show …
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SiliconANGLE, Fast Company, The Atlantic, TechCrunch, Deadline, CNBC, Politico, Mashable, New York Times, CNBC, The Next Web, Cult of Mac, Motherboard, VentureBeat, Engadget, Quartz, 9to5Mac, TechCo, Telegraph, and CNET
Tweets: @cwarzel, @oliverdarcy, @cwarzel, @peterktodd, @sarahlerner, @stevekovach, and @stevekovach
| CNBC: |
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Twitter, The Guardian, Axios, BBC, Digiday, Engadget, TechCrunch, Mashable, Fast Company, HuffPost, Slate, Media Matters for America, Peter O'Kelly's Reality Check, New York Times, and Silicon Republic
Tweets: @jack, @jack, @jack, @can, @realsorien, @hunterwalk, @ndrew_lawrence, @liberalcartoons, @bwjones, @freegirlnownyc, @tomcoates, @tomcoates, @marcoarment, and @marcoarment
| David French / New York Times: |
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New York Times, CNNMoney, AppleInsider, Business Insider, CNBC, and Business Insider
Tweets: @anildash, @michaelshermer, @nytopinion, @roboct6, @scottgreenfield, @sjdahlman, @davereaboi, @bariweiss, @hashtaggriswold, and @johniadarola
| Clifton Leaf / Fortune: |
Salesforce names Keith Block, the company's vice chairman and president, co-CEO alongside Marc Benioff — Salesforce announced this evening that Keith Block, the company's vice chairman and president, would become co-CEO alongside Marc Benioff, the socially minded billionaire who has led … | TechCrunch: |
Sources: Slack is raising about $400M or more led by General Atlantic at a post-money valuation of at least $7B — Slack — the app that lets coworkers and others in professional circles chat with each other and call in data from hundreds of integrated apps in the name of getting more work done … | Bloomberg: |
Sources: SoftBank is in talks to invest from $500M-$750M in Zume, a California-based startup with delivery trucks that prepare fresh robot-made pizzas en route — SoftBank Group Corp. is in talks to invest from $500 million to $750 million in Zume Inc., a startup that makes and delivers fresh pizzas …
Tweets: @asanwal, @jasonlk, @mikeisaac, and @pinboard
| Jem Aswad / Variety: |
Warner Music Group sells its entire stake in Spotify for $504M — UPDATED: In its earnings call on Tuesday morning, Warner Music Group announced that it has now sold its entire stake in Spotify, realizing $504 million. — CEO Steve Cooper said that the sale resulted in $126 million … | Marrian Zhou / CNET: |
Apple responds to Congress' inquiry from last month on privacy and security with 19-page letter that covers location tracking, microphone use, and more — Apple has just responded to Congress' inquiry on how it protects user privacy. — The House Committee on Energy and Commerce …
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Yahoo Finance, 9to5Mac, MacRumors, VentureBeat, AppleInsider, PhoneArena, iPhone Hacks, and The Mac Observer
| Mozilla Press Center: |
Mozilla unveils Advance, an experimental machine learning-driven Firefox extension that recommends pages to read next based on browsing habits and user input — The internet today is often like being on a guided tour bus in an unfamiliar city. You end up getting off at the same places that everyone else does.
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The Verge, Firefox Test Pilot, SlashGear, Engadget, Neowin, CNET, SiliconANGLE, MSPoweruser, gHacks Technology News, TechSpot, and TechCrunch
| Dell Cameron / Gizmodo: |
Report from FCC's inspector general refutes controversial claims by senior FCC officials that a cyberattack hobbled its comment system in May 2017 — An investigation carried out by Federal Communication Commission's own inspector general officially refutes controversial claims that a cyberattack …
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TechCrunch, Office of Inspector General, Slate, PC Gamer, The Verge, and TechCrunch
Tweets: @guykawasaki, @grandpoobear, @ilvestoomas, @dellcam, @dellcam, @b_fung, and @kashhill. Thanks:@andrewcouts
| Eric Holmes: |
Security researcher explains how he easily gained commit access to the code repository of Homebrew, a popular package manager for developers on macOS — Since the recent NPM, RubyGems, and Gentoo incidents, I've become increasingly interested, and concerned, with the potential for package managers …
Tweets: @filosottile and @icculus
| Todd Spangler / Variety: |
Video streaming startup NewTV, led by Jeffrey Katzenberg and Meg Whitman, raises $1B round with Disney, Alibaba, NBCUniversal, Viacom, and others participating — Backers include Disney, Fox, Sony, Lionsgate, MGM, NBCU, Viacom, WarnerMedia, Alibaba, Liberty Global, Madrone Capital
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CNBC, New York Times, Fortune, Business Insider, Tubefilter, Los Angeles Times, Investor's Business Daily, Hollywood Reporter, CNBC, and Deadline
Tweets: @soopa, @laurengoode, @xpangler, @xpangler, and @edmundlee
| Wall Street Journal: |
Sources: Bytedance is raising ~$3B at a valuation of up to $75B ahead of possible Hong Kong IPO this year or next — Owner of China's top news-aggregation app could be valued at $75 billion — Beijing Bytedance Technology Co. has kicked off an equity-fundraising round that could value … | Instapaper: |
Instapaper returns to EU users after being unavailable since May 24 for GDPR compliance and relaunches Instapaper Premium subscription for $2.99/month — This year Instapaper celebrated its tenth birthday and, now that we are an independent company, we've been thinking a lot about the next ten years of Instapaper and beyond.| CNBC: |
Sources: Silver Lake acquires a one-third stake in GoodRx, a US-based online drug price comparison shopping company, at about a $2.8B valuation — - GoodRx's hunt for a buyer has culminated in an investment from Silver Lake that values the company at about $2.8 billion.Sponsor Posts
Google:
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Gemini 2.5 Pro: Our most intelligent AI model — Gemini 2.5 Pro is now available, with thinking capabilities, enhanced performance, and improved accuracy. Try it at no cost in the Gemini app.
UiPath:
UiPath Unveils 10 Innovations that Will Shape the Agentic Future — Orchestration engine, API workflows and agentic testing among key features of new UiPath Platform™ for agentic automation, launched at UiPath DevCon 2025
UiPath Unveils 10 Innovations that Will Shape the Agentic Future — Orchestration engine, API workflows and agentic testing among key features of new UiPath Platform™ for agentic automation, launched at UiPath DevCon 2025
Zoho:
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IDrive:
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Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
Spotlight On:
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A podcast from Accel about how companies are built, from the people doing the building.
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Unconventional product lessons from Binance, N26, Google, more | Mayur Kamat (CPO at N26, ex-Binance Head of Product)
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