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July 22, 2022, 3:10 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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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 buy 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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Blockworks, The Block, Crypto Briefing, Ethereum World News, Fortune, Cryptonews, and Crypto Adventure. Tweets: @doombergt
| Ashley Capoot / CNBC: |
Snap opens down 33% following its Q2 earnings report; Snap stock is down 77% year-to-date — - Shares of Snap fell 38% 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 … | Jonathan Vanian / CNBC: |
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MarketWatch, Snap, Fortune, Wall Street Journal, Wall Street Journal, Bloomberg, PYMNTS.com, The Verge, CNN, Finbold, Mobile Dev Memo, Coinspeaker, CNBC, Benzinga, MarketWatch, Barron's Online, SiliconANGLE, Dana Blankenhorn, Forbes, Adweek, Reuters, Axios, Deadline, TechCrunch, Reuters, Bloomberg, Variety, and New York Times
| Mike Allen / Axios: |
Jay Carney, senior VP of global corporate affairs at Amazon, will join Airbnb in September as global head of policy and communications — 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, GeekWire, PYMNTS.com, The Hill, Bloomberg, New York Times, Financial Times, Wall Street Journal, Reuters, and CNBC
Tweets: @mikeallen, @swin24, @liz_jarv, and @kenklippenstein
| oversightboard.com: |
Meta's Oversight Board Trust says the company is giving $150M to the trust as part of ongoing financial support, following a $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.| 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.
Tweets: @apoorva_mehta
| Harry Baker / UploadVR: |
Meta introduces a Mature Worlds Policy for Horizon, a new content rating system which will default to 18+ if creators do not apply for a rating — Meta is adjusting its content policies for Horizon Worlds and introducing a new content rating system for “mature audiences”.
Tweets: @martinsfp and @caseynewton
| 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 …
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The Daily Dot, Techdirt, 9to5Mac, and Light Reading
Tweets: @jrosenworcel, @adam_k_levin, @jrosenworcelfcc, @briankrebs, and @karlbode
| Associated Press: |
California approves new rules to let candidates for state and local offices accept cryptocurrency donations if they immediately convert them to US dollars — Candidates for state and local offices in California will soon be able to accept cryptocurrency campaign donations.
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The Block, CoinQuora, Watcher Guru, and Finbold
| Kwasi Gyamfi Asiedu / Protocol: |
A look at Meta's $150M Meta Immersive Learning project, through which it has partnered with Iowa-based VR startup VictoryXR to create 10 “metaversities” — During her inorganic chemistry class at Morehouse College in the spring of 2021, Dr. Muhsinah Morris launched a little experiment.Sponsor Posts
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