At TechCrunch’s event in Shenzhen last month, we had a chance to test out the WT2, a clever and ambitious device from startup TimeKettle. It’s a pair of wireless earpieces; each person in a multilingual conversation wears one, and they translate what’s said into the language spoken by each participant. Essentially it’s a Babel fish, though admittedly a rough draft of one. Read More
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
Here’s a sentence I never expected to write: BuzzFeed is making its first smart appliance, the Tasty One Top, available for pre-order.
It sounds a little weird for a digital media company to try to sell you hardware, but this is part of BuzzFeed Product Labs, which was created last year following the acquisition of e-commerce startup Scroll. The team’s goal is to experiment with… Read More
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
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
LG’s mobile business is in a sticky patch after the company admitted its flagship LG G6 smartphone hasn’t sold as well as expected. LG Electronics itself posted a business-wide operating income of KRW 664.1 billion (USD 588.2 million) on overall revenue KRW 14.55 trillion (USD 12.89 billion). While LG’s operating income rose by 14 percent year-on-year to outpace a four… Read More
Facebook is winning the race to bring Snapchat’s Stories format to the rest of the world before its originator. WhatsApp Status, its version of Snapchat Stories, now has 250 million daily active users. That’s despite it being relegated to a secondary dedicated tab in the app, opposed to being front and center on the home screen like Instagram Stories which also now has over 250… Read More
Facebook’s hot streak continued with a strong Q2 2017 earnings report. It earned $9.32 billion and $1.32 in GAAP actual EPS, compared to estimates of $9.2 billion revenue and $1.13 EPS. Revenue growth was 44.7% year-over-year, compared to 59% in Q2 2016, indicating that revenue is slowing down in line with Facebook’s warning to investors that it was running out of space to show ads… Read More