Technology

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 year to date. Twitter’s last report was a rare positive… Read More

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BuzzFeed is getting into the smart appliance business with the Tasty One Top

BuzzFeed One Top 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 a fancy hot plate, 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… Read More

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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

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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

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Mitel to buy ShoreTel for $430 million to create unified communications powerhouse

Streaks of colored lights race beneath the clouds and over an urban scene in a metaphor for cloud computing and communications technology. Sometimes combining two companies that compete in the same market provides a quick way to leapfrog your market share. That was likely the thinking behind Mitel’s decision to buy ShoreTel this morning for $430 million. Combining the two companies catapults Mitel to number two in the Unified Communications as a Service (UCaaS) market, according to the company. As for ShoreTel, while it… Read More

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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

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Rent the Runway is launching same-day delivery, starting in NYC

 Rent the Runway customers can now be one step closer to actually not having a closet. The company just announced they are launching same-day delivery in NYC, with plans to expand to other markets soon. Customers who order by 12pm will have their order delivered by 5pm, and receive live updates with the ability to adjust the delivery window. To be clear, Rent the Runway has experimented with… Read More

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