Jack Dorsey really needs a hit. After Twitter’s weak second-quarter showing, and both stocks not performing well in the past year, Dorsey — as the lead of both companies — needs to show investors his strategies are working (and that he can run both companies).
Well, he certainly got one today. Square reported its second-quarter earnings, where it brought in $439 million in… Read More
Jack Dorsey gets a much-needed strong second quarter performance from Square
Coming off an all-time high stock price of $123.34, Facebook in Q2 2016 smashed earnings again. The social network continued steady growth just slightly slower at 3.63% compared to last quarter’s 3.77%, adding 60 million monthly users this quarter to reach 1.71 billion. It scored $6.44 billion in revenue and $0.97 EPS, blowing past estimates of $6.02 billion and $0.82 EPS.
This is… Read More
Facebook crushes Q2 earnings, hits 1.71B users and record share price
If you can’t beat ’em, buy ’em. Apple is in discussions with Tidal about acquiring its music streaming app, which offers exclusives and early releases from big artists like Beyonce and Kanye West. The Wall Street Journal reports that the talks are still early and might not end in a deal, but Apple wants those exclusives to bolster its Apple Music streaming app that’s… Read More
This is the gospel according to Mary Meeker, a living legend amongst venture capitalists. Instead of just blindly clicking through her 200+ page 2016 Internet Trends report, here we’ve picked the most important graphs and stats, and explained what they actually mean for people who work in tech. You can also read the full report here. Read More
The best Meeker 2016 Internet Trends slides and what they mean
We’re hearing from multiple sources that there’s a new fund coming out of Betaworks, and Twitter is chipping money into it. Twitter is investing at least $10 million in the new fund, according to one source. We don’t know the total size of the venture. In the past, Betaworks has focused on smaller seed investments and has stayed away from outsized funds. Another previous… Read More