Patook wants to be Tinder for platonic friendships

 Technology isn’t necessarily the best solution for forging new real life connections, whatever the collective marketing spiel of the web’s social giants likes to claim. But Patook is having a crack at the tricky feat of remotely sparking friendships, without inviting in the creeps… Read More

Twitter is having a very bad day

 Twitter reported its second-quarter earnings today, and it did not go over well. As a result, the stock is down more than 12% in trading today — which is a very Twitter thing to happen, so to speak.
Here’s the chart, which could pretty much be summed up with a  :

Today also wiped out most of the gains that it accrued in the year to date. Twitter’s last report was a rare… Read More

YouTube Red and Google Play Music to merge, says report

 Google Play Music and YouTube Red will be merged to create a new streaming service, according to a report from The Verge, which Google then essentially confirmed with a statement indicating that changes are not taking place immediately. The company said users would receive plenty of notice before any changes were made, and noted it was still in the process of evaluating how to best bring its… Read More

We probably still need some more numbers for this Very Important Twitter Chart

 I’m reviewing the transcript in my notes of Twitter’s second-quarter earnings call — which definitely did not go well, with the stock crashing more than 10% — and it seems like Twitter is beating the drum very hard on its daily active user growth. The company is regularly referring to double-digit growth in its DAU count year-over-year and that it is stressing DAUs as… Read More

GoPro’s CEO believes a simple video editing app holds the key to the company’s future

 Nick Woodman believes QuikStories represents the path forward for GoPro. The company’s founder/CEO doesn’t hold back. “You can say this is the biggest thing we’ve done to simplify the experience of sharing video since the invention of the GoPro itself,” he says matter of factly. Investors haven’t always agreed with his decisions, but his unbridled enthusiasm… Read More

Twitter’s user growth goes nowhere and the stock is collapsing

 The small nice-ish story Twitter had going for itself for the past few quarters was that, at the very least, its monthly active users were growing quarter-over-quarter. While MAUs might not be the right number to look at these days, for better or worse it’s one of the core metrics that Twitter is judged on for now — and that didn’t pan out when it reported its earnings today… Read More

Baidu teams up with PayPal to take its Chinese mobile wallet global

 PayPal has continued its strategy of expanding its presence on mobile after it revealed a tie-up with Baidu. The arrangement will allow the Chinese firm’s 100 million mobile wallet users to make payments to PayPal’s 17 million merchants through the Baidu service. The news is the latest in a series of recent partnerships from PayPal, which this month expanded its integration… Read More

HotelTonight now lets you upgrade to a suite for 50% off

 Hotel Tonight just launched a new feature that lets users upgrade to suites on the cheap. If available, the option will pop up during checkout, and will always cost less than 50% of the standard upgrade rate. And at first glance prices in the app seem pretty affordable — some hotels are offering upgrades for less than $50, with only a few hotels pricing upgrades in the hundreds. Read More