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In latest earnings release, Twitter admits to miscounting users for the second time – TechCrunch

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It’s Thursday April 28, 2022, and Haje’s blood pressure is slowly returning to what is considered normal thereafter rant about social security numbers for a few minutes. It’s hard to adjust to the quirks and weaknesses of a new country, okay? No one please tell him how healthcare works in this country; we would never hear the end of it.

Also, TechCrunch launched a shiny new fintech newsletter on Sunday. Sign up today so you don’t miss out this weekend! The third episode of our crypto and blockchain podcast, Chain Reaction, is out today Fill your ears with the gentle tones of Lucas and Anita’s soothing voices.

Friday morning, woohoo! – Christine and hey

The TechCrunch Top 3

  • Twitter admits it has too many accounts: Hey, you know what? Twitter announced its first quarter results today. And it didn’t count properly, revealing that it was reporting more users than it really had – by almost 2 million – something Sarah points out that this is “a predicament that may have encouraged the company to think more seriously about adoption Elon Musk’s proposal to take the company private in a $44 billion deal.” In the meantime, Alex saw in what the takeover could mean for Twitter’s advertising revenue.
  • Death and taxes are indeed certain: It’s not every day that we quote Ben Franklin in a story, but in this case it’s linked to technology making it easier for us to do things like pay our taxes. Up until that point, mobile tax filing app Taxfix had raised $220 million for becoming a unicorn. Taxes aren’t always easy, so it’s good to have someone who knows what to do. We like how CEO Martin Ott put it: “We hacked the brain of an accountant into codes.”
  • There is a Google of Russia: Its name is Yandex, and it’s selling its media division to a company called VKontakte, which is considered “the local Facebook equivalent.” I’m not sure it will get better. This is news Natasha has been following for a month now, and she reports that the sale was in the wake of the Russian invasion of Ukraine, which caused many companies to re-evaluate their media holdings.

Startups and VCs

One of our favorite things about putting together the Daily Crunch is being able to cheer on our colleagues and read their amazing work. Today it is kyle-o-rama. He wrote about how Synthesis AI raised $17 million to create synthetic data to improve computer vision and payroll providers Symmetric.ai raised $18.5 million Make employee payouts smoother. CommandBar landed $19 million continue to build a search and browse plugin for web apps, and Deepset raised $14 million to help companies develop natural language processing applications. Kyle, your fingers must be tired – have a cup of coffee and a game of baseball or something.

We love Christine’s story of Lemon Perfect’s Investor Journey with the Queen Bee: Two years after Lemon Perfect was spotted in Beyoncé’s limousine, the superstar is now a supporter.

Likewise! we kicked away a series of pitch deck teardowns and it’s us looking for startups who want to have their pitch decks reviewed. Join us!

More news than you can shake at a cap table:

GV’s Frederique Dame on product market suitability: “You have a chance of a good experience”

Photo credit: John Lamm (opens in a new window) /Getty Images

In a fireside chat at TechCrunch Early Stage, Frederique Dame, an investment partner at GV who previously led product and development teams at Uber, Yahoo, and Smugmug, shared her thoughts on product market viability.

Dame addressed several issues, including the need to collect customer data as early as possible, iteration and testing strategies without tapping technical resources, and specifically why founders should make themselves vulnerable when approaching investors:

“Trust me with what you don’t know or what’s not working,” she said, “because once we invest, we have to work on that stuff anyway.”

(TechCrunch+ is our membership program that helps founders and startup teams get ahead. Here you can sign up.)

BigTech Inc.

Prepare your popcorn: We already talked about Google and Facebook in the top 3, so let’s start this section with a little bit of Amazon. The company launched its film distribution service in India with over 40 original and co-produced shows and films, allowing customers early access to Indian and foreign films.

Round up some earnings: Today’s earnings are shown to you by the letter “T” which rhymes with “P” and spells that out Peacock, which added 4 million paid subscribers. meta metaverse doesn’t do that hotbut Facebook has gained new users.

acquisition news: It looks like Microsoft is adding another company to its family. Activision Blizzard shareholders have approved the sale. In the meantime, Hackerone acquired PullRequesta YC supported company that teaches the bug bounty company some code review skills.

Judge on Elon Musk’s side: He’ll probably win with the Twitter deal, but he can definitely tick the win category here. A Delaware judge ruled in his favor under a legal action by Tesla shareholders who accused Musk of forcing Tesla’s board of directors to buy SolarCity in 2016.

Oh damn!: Our reporters have been busy today covering Snap in various stories, which we will detail below. We would like to highlight that it has created a new gadget that will make you forget what a selfie stick is. Pixy, Snap’s mini drone, is your camera when you don’t have someone to hold your phone. Likewise:



In latest earnings release, Twitter admits to miscounting users for the second time – TechCrunch Source link In latest earnings release, Twitter admits to miscounting users for the second time – TechCrunch

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