Latest News
Snapchat hits 218M users but big Q4 losses sink share price
Snapchat still isn’t profitable nearly two years after its IPO. In Q4 2019, Snap lost $241 million on 560.8 million in revenue that’s up 44% year-over-year and an EPS of $0.03. That comes from adding 8 million daily users to reach a total of 218, up 3.8% this quarter from…
Read More
Your future phone will be able to record 8K video that looks like this
We’re just getting to smartphone cameras that can shoot in 4K – so, naturally, Qualcomm has released a video showing 8K video shot on a phone. We don’t know which phone it was, of course, except that it was packing the chipmaker’s new Snapdragon 865 5G (yes, with the 5G…
Read More
Disney+ has surpassed 26 million subscribers since launch
Disney+ amassed 26.5 million Disney+ subscribers in the first three months since it launched, far exceeding the 20 million estimate that analysts suggested Disney would make by the end of 2020. “We had a strong first quarter, highlighted by the launch of Disney+, which has exceeded even our greatest expectations,”…
Read More
Twitter’s manipulated media policy will remove harmful tweets & voter suppression, label others
Twitter today is announcing the official version of its “deepfake” and manipulated media policy, which largely involves labeling tweets and warning users of manipulated, deceptively altered or fabricated media — not, in most cases, removing them. Tweets containing manipulated or synthetic media will only be removed if they’re likely to…
Read More
Real estate startup Homie plans to expand to more cities with $23 million in Series B funding
Homie has made an impression among younger, first-time home buyers in the Utah and Arizona markets for cutting out the traditional closing costs, 6% real estate commissions and arduous paperwork associated with traditional home sales. It now plans to explore opening up in three new markets and will begin a…
Read More
Instagram brought in $20 billion in ad revenue last year, more than a quarter of Facebook’s earnings
Instagram isn’t the biggest moneymaker for Facebook, but it certainly plays a major role in generating revenue for the social media company. Bloomberg reports today that the app brought in $20 billion in advertising revenue last year, which accounts for more than a quarter of Facebook’s overall 2019 revenue. Ads…
Read More