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Snap Inc. Reports Big Loss For The Quarter

Snap Inc. (NYSE:SNAP) missed Wall Street’s expectations for its second quarter as a public company. The company’s net loss ballooned to $443 million, much higher than the $116 million loss reported at the same time last year. On an adjusted basis, the company reported a loss of 36 cents a share, versus predictions of a loss of 33 cents. Snap also fell short of expectations for revenue. The company reported revenue of $181.7 million, versus expectations for $185.8 million. The company’s “other” revenue was $5.4 million,... 
 

Google Reportedly Looking To Replicate Snap’s Discover Feature

Alphabet Inc’s (NASDAQ:GOOG) Google is reportedly exploring a technology that’s similar to Snapchat’s “Discover”, dubbed “Stamp” by the company. Snapchat’s Discover shows short bursts of media content interspersed with advertisements. The name Stamp is a play on an existing Google product, Accelerated Mobile Pages, or AMP, that allows for faster loading of online news stories. The “St” in Stamp stands for “stories.” The technology would let publishers create visual-oriented media content... 
 

Snap Inc. Stock Falls Below IPO Valuation

For the first time, Snap Inc. (NYSE:SNAP) stock has fallen below its IPO price of $17. Snap’s stock price fell to an all-time low of $16.99 at market close on Monday. The maker of Snapchat went public in March. The fall means all the investors who bought the app company’s stock at its market debut have officially lost money. Snap’s stock opened its first trading day at $24. Investors were enthusiastic about a company popular with young people for sending fun photo and video messages that disappear. The next day saw an additional 11... 
 

SoundCloud Closes London, San Francisco Offices

SoundCloud has announced that it is closing its offices in San Francisco and London. Co-founder and CEO Alex Ljung revealed the news in a blog post. The company’s operations will be consolidated at its headquarters in Berlin and another office in New York. The company is also laying off 173 employees, which is about 40 percent of its workforce of 420. According to Ljung, the layoffs are effective immediately. The moves are being described as cost cutting measures. SoundCloud has become an indispensable resource for both musicians and many in... 
 

Facebook is Working on Filtering Out Improper Advertising to Improve User Experience

Ok, so, isn’t online advertising getting a little ridiculous? You just want to use your favorite social media app—Facebook, Snapchat, Instagram—to stay in touch with friends, maybe see some funny pics, or watch a stunning video, but all these fake ads (and posts) just keep getting in the way of what should be a quick glance at your phone. It’s frustrating, right? Well, it looks like Facebook share’s your frustration. The social media giant has just let it be known that it is working on stopping all the “spammy” links which... 
 

Uber Facing More Regulations In Europe

Europe’s top court has been advised to rule that Uber should be regulated as a transport service, not an app. The recommendation was made by the Court of Justice of the European Union’s (ECJ) Advocate General Maciej Szpunar. The ECJ said that the service provided by Uber amounts to the “organization and management of a comprehensive system for on-demand urban transport.” Szpunar said Uber could not be seen as a mere intermediary between drivers and passengers because it controlled economically important aspects of the urban transport... 
 

Uber Risked App Store Access To Deceive Apple

Uber CEO Travis Kalanick seems determined to ensure the ride-hailing service wins no matter what, a mindset that has led him into difficulty more than once. The latest story to emerge about his misdeeds involves Uber almost getting kicked out the App Store for deliberately deceiving Apple to violate users’ privacy. Uber started its life as UberCab, a service that began operations in San Francisco in May 2010. Kalanick quickly positioned his start-up as an alternative to the taxi industry and ignored regulations that would have hampered the business,... 
 

Spotify Relocating Its U.S. Headquarters

Spotify has announced plans to move its U.S headquarters by the beginning of next year. The company will move its New York office and its employees from the Midtown South area of Manhattan to the World Trade Center in early 2018. New York governor Andrew Cuomo said at an event in New York City, “We are proud to welcome Spotify to 4 World Trade Center and to have the future of music be a part of the bright future of our dynamic tech community.” The Governor said Spotify will receive up to $11 million in rent reduction from Empire State Development... 
 

Nintendo Releases New Super Mario Game For Mobile

Nintendo has launched the newest member of the popular Super Mario Bros franchise on the iPhone. Super Mario Run was first announced by Nintendo during an Apple event earlier this year. The game became available for iOS users across 151 countries and regions yesterday. Nintendo has said the game will also be launched on Android but has not said when. Super Mario Run is the first game for mobile developed by Nintendo, created through a partnership with mobile gaming firm DeNA. Players control Mario through a series of obstacle courses while collecting... 
 

Yelp Fighting Back Against Bad Review Lawsuits

Yelp (NYSE:YELP) is now publicly shaming businesses that threaten to sue their customers for negative reviews. Now, any businesses that files a lawsuit, or threatens to file a lawsuit, because of a bad review will have their page marked with a public warning. Yelp’s senior vice president, Vince Sollitto announced the policy in a blog post on the site. The warning will take the form of a pop-up alert that reads, “Consumer Alert: Questionable Legal Threats. This business may be trying to abuse the legal system in an effort to stifle free speech,... 
 

Amazon Alexa Skills Now Top 1,000

Amazon’s (NASDAQ:AMZN) intelligent assistant Alexa has just hit an impressive milestone. Today, Amazon announced that its Alexa app store has grown to over 1,000 skills. In January of this year, Alexa’s skills section had only about 130 apps. Several of the more notable additions to Alexa’s selection of skills include those from Capital One, Domino’s, Fitbit, KAYAK, SmartThings, and Uber. In today’s release, Alexa director Rob Pulciani said, “Today, we have a vibrant community of tens of thousands of developers who are learning... 
 

Gear VR Immerses User on the Web

With its new app for virtual reality, Samsung created a vastly different way for interacting with the worldwide Web. Samsung is launching a new part of its plans related to virtual reality with the release of a Web browser that is dedicated to the Gear VR headset. The new dedicated app allows people to search the Web through an environment that is panoramic and immerse themselves into a world of Internet without any downloading of content on the smartphone used. The new app, set to be released Wednesday, is able to play all HTML5 video files that... 
 

Facebook Fails Forward With Apps ?

If your only experience with Facebook was through one of its many failed apps you would probably think that the company, as a whole, was a massive failure. Of course, you would be wrong; and while the company might have introduced some ideas prematurely or simply did not find the success they expected, EMarketer analyst Debra Williamson notes, “It’s not like these apps are completely a waste of time for Facebook; But I think as standalone experiences they’ve been rather underwhelming.” Ok, fine; but, really, how many Facebook... 
 

Sony Introduces New PlayStation Messages Standalone App for iOS, Android

Video games have undoubtedly become one of the most important and penetrating components of popular culture and a true force in entertainment. It was only a decade or two ago that video games were popular with a small percentage of the population but now it seems that everyone enjoys them. After all, the market is far more versatile and inclusive these days, with games available for all ages and interests. Games are now cinematic, colorful, engaging, and quirky, satisfying every kind of curiosity. Perhaps one reason that video games have become... 
 
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