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July 22, 2022, 10:01 AM
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| Annie Palmer / CNBC: |
Twitter reports Q2 revenue of $1.18B, down 1% YoY, a net loss of $270M, down from $66M in net income last year, 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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Tweets: @carnage4life, @aparanjape, @newley, @ryan_browne_, and @carnage4life
| Jacob Kastrenakes / The Verge: |
Twitter says ad revenue grew 2% to $1.08B in Q2 and blames its revenue slide on uncertainty around the Elon Musk 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.
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CNN, NPR, TechCrunch, New York Post, Reuters, Fortune, Deadline, Variety, Philip Elmer‑DeWitt, and The Hollywood Reporter
Tweets: @carnage4life, @arainert, and @pierce
| Zoe Kleinman / BBC: |
Twitter reiterates its estimate that the average of false or spam accounts 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. — It also said its number of monthly daily users had risen to 237m … | Jonathan Vanian / CNBC: |
Snap Q2: revenue up 13% YoY to $1.11B, vs. $1.14B est., DAUs up 18% to 347M, vs. 344.2M est., net loss of $422M, up from $152M YoY — - Snap missed on the top and bottom lines in its second-quarter earnings report. — The company authorized a stock repurchasing program of up to $500 million.
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Slate, Snap, Wall Street Journal, MarketWatch, PYMNTS.com, Mobile Dev Memo, The Verge, Finbold, Bloomberg, CNBC, Coinspeaker, Benzinga, MarketWatch, Barron's Online, SiliconANGLE, Forbes, Adweek, Reuters, Axios, CNN, Deadline, TechCrunch, Reuters, Bloomberg, Variety, and New York Times
| Ashley Capoot / CNBC: |
Snap opens down 33% following its Q2 earnings report; Snap stock is down 77% year-to-date — - Shares of Snap fell 35% on Friday, a day after the company reported disappointing second-quarter results. — Snap attributed its results to a challenging economy, slowing demand for its online platform … | Hannah Murphy / Financial Times: |
Snap plans to “substantially reduce” hiring, authorizes a stock repurchase program of up to $500M, and locks in CEO and CTO roles until at least January 1, 2027 — Social media company said it will ‘substantially reduce’ hiring and shake up strategy
Tweets: @munster_gene and @kantrowitz
| AJ Vicens / CyberScoop: |
Ukraine says hackers attacked TAVR Media, which operates nine radio stations, to broadcast a fake message that President Zelenskyy was in critical condition — Cyber criminals attacked a Ukrainian company that operates nine “major” radio stations to spread a message that Ukrainian President … | Richard Lawler / The Verge: |
Instagram says all new video posts under 15 minutes will now be shared as Reels and videos under 90 seconds from public accounts will be recommended to others — And it's combining the Reels / Video section of your profile under one tab — Welcome to the new era of Instagram … | Jon Porter / The Verge: |
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Facebook: Mark Zuckerberg. Tweets: @metanewsroom, @kurtwagner8, @benedictevans, @richlightshed, @brendannyhan, @jeeveswilliams, @brandonsilverm, @brendannyhan, @brandonsilverm, @brandonetc, @noupside, @brandonsilverm, @karaswisher, @brandonetc, @fortunemagazine, @filip_struharik, @brendannyhan, @mikeisaac, @pierce, @abuaardvark, @carnage4life, @aria_gerson, @alexhern, @fboversight, @baekdal, @jason_kint, @dandrezner, @jayrosen_nyu, @sarafischer, @teepusahab, @domdifurio, @kerrymflynn, @sarafischer, and @jaredlholt
| Brandy Betz / CoinDesk: |
Hashflow, a DeFi trading app, raised a $25M Series A from Jump Crypto, Wintermute, GSR, and Coinbase's and Kraken's VC arms, among others, at a $400M valuation — The platform uses an asset pricing model that offers interoperability, lower fees and no slippage.
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Hashflow, FinSMEs, Coinspeaker, ETH Daily, Blockworks, Business Wire, and The Block
| Jon Brodkin / Ars Technica: |
FCC chair asks carriers to explain how they use geolocation data, as Congress debates a law that may preempt the FCC from regulating carriers' privacy practices — Inquiry launched as Congress debates bill that could gut FCC's privacy authority. — Federal Communications Commission … | Tim Copeland / The Block: |
The SEC lists nine crypto tokens as securities in its insider trading complaint against an ex-Coinbase staffer; Coinbase petitions for rules classifying tokens — - The SEC has arrested and charged a former Coinbase employee with wire fraud. — In the SEC complaint, it mentions nine tokens and says they are all securities.
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The Coinbase Blog, Securities and Exchange Commission, Blockworks, Wall Street Journal, CryptoSlate, CoinDesk, Decrypt, crypto.news, Protocol, The Register, Crypto Briefing, Cointelegraph, Mashable, PC Gamer, CoinJournal, Finextra, Ethereum World News, Heretic Speculator, Crowdfund Insider, Bitcoinist.com, CryptoGlobe, Washington Post, and Fortune
Tweets: @haileylennonbtc, @lund_dane, @thenewsham, @ncweaver, @stonedpipez, @carnage4life, and @neerajka
| Bloomberg: |
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The Coinbase Blog, U.S. Department of Justice, U.S. Securities …, The Verge, New York Times, CoinDesk, TechCrunch, Financial Times, Waivly, Reuters, Micky, Quartz, CoinGeek, CoinQuora, Coinspeaker, Cryptonews, GeekWire, CryptoPotato, Silicon Valley Business …, CNBC, SiliconANGLE, Watcher Guru, New York Post, Decrypt, and Bitcoin Magazine
Tweets: @carolinedpham, @brian_armstrong, @neerajka, @briankrebs, @leereiners, @ohaiom, @tier10k, @krugermacro, @notgrubles, @matt_levine, @thecoomunist, @dog_shill, @brian_armstrong, @secgov, @reckless, @adamscochran, @crypto_bitlord7, @pitdesi, @jacqmelinek, @verge, @carnage4life, @fintechfrank, @alexhern, @jwverret, @damedoteth, @damedoteth, @sridinats, @rmac18, @jeffjohnroberts, and @wublockchain
| John Hendel / Politico: |
Nearly 200 US rural carriers are saddled with old Huawei and ZTE gear they can't afford to remove; promised Congress funds are coming too slow and aren't enough — The U.S. is still struggling to complete the break up with Chinese telecom companies that Donald Trump started four years ago.
Tweets: @johnhendel
| Emily Birnbaum / Bloomberg: |
Apple is on track for its biggest year of US lobbying, spending $4.6M in H1 2022, as Tim Cook becomes one of the country's most politically active tech CEOs — Apple Inc. Chief Executive Officer Tim Cook wasn't fully sold on having a team of Washington lobbyists a decade ago.
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Philip Elmer‑DeWitt, Cult of Mac, AppleInsider, MacDailyNews, and 9to5Mac
Tweets: @timsweeneyepic, @papscun, and @demandprogress
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