Skip to main content

Daily Crunch: Facebook beats Wall Street estimates

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here:

1. Facebook shares shoot up after strong Q4 earnings despite data breach

Facebook managed to beat Wall Street’s estimates in its Q4 earnings despite a seemingly constant beatdown in the press.

The company said it hit 2.32 billion monthly users, up 2.2 percent from 2.27 billion last quarter, speeding up its growth rate. And it earned $16.91 billion off all those users, with $2.38 in GAAP earnings per share.

2. Robert Swan named Intel CEO

Half a year after being named interim CEO, Bob Swan is taking the job full-time. He stepped into the interim role as word emerged of then-CEO Brian Krzanich’s “past consensual relationship” with an employee.

3. New York cracks down on companies that sell fake followers

The office of New York Attorney General Letitia James has reached a settlement with Devumi, a company that made millions selling fake followers to unsuspecting customers. The state of New York found that Devumi had engaged in illegal deception and illegal impersonation in the course of fluffing up social media profiles with its automated accounts.

google paying users

Image: Bryce Durbin/TechCrunch

4. Google will stop peddling a data collector through Apple’s back door

It looks like Facebook wasn’t the only one abusing Apple’s system for distributing employee-only apps to sidestep the App Store and collect extensive data on users.

5. Google+ for consumers will shut down on April 2nd

Speaking of Google: It’s no secret that the company planned to pull life support from the consumer version of Google+ in April. Until now, though, we didn’t know the exact date.

6. Cheap Internet of Things gadgets betray you even after you toss them in the trash

It’s not just while they’re plugged in that these slapdash gadgets are a security risk — even from the garbage can, they can still compromise your network.

7. Hulu announces a new ad unit that appears when you pause

Yes, Hulu is introducing an ad unit that will show up when you pause a video. But no, the ad won’t be a video.



from TechCrunch https://tcrn.ch/2FZpWJC
via IFTTT

Comments

Popular posts from this blog

Max Q: Psyche(d)

In this issue: SpaceX launches NASA asteroid mission, news from Relativity Space and more. © 2023 TechCrunch. All rights reserved. For personal use only. from TechCrunch https://ift.tt/h6Kjrde via IFTTT

Max Q: Anomalous

Hello and welcome back to Max Q! Last week wasn’t the most successful for spaceflight missions. We’ll get into that a bit more below. In this issue: First up, a botched launch from Virgin Orbit… …followed by one from ABL Space Systems News from Rocket Lab, World View and more Virgin Orbit’s botched launch highlights shaky financial future After Virgin Orbit’s launch failure last Monday, during which the mission experienced an  “anomaly” that prevented the rocket from reaching orbit, I went back over the company’s financials — and things aren’t looking good. For Virgin Orbit, this year has likely been completely turned on its head. The company was aiming for three launches this year, but everything will remain grounded until the cause of the anomaly has been identified and resolved. It’s unclear how long that will take, but likely at least three months. Add this delay to Virgin’s dwindling cash reserves and you have a foundation that’s suddenly much shakier than before. ...

What’s Stripe’s deal?

Welcome to  The Interchange ! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up  here  so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. —  Mary Ann Stripe eyes exit, reportedly tried raising at a lower valuation The big news in fintech this week revolved around payments giant Stripe . On January 26, my Equity Podcast co-host and overall amazingly talented reporter Natasha Mascarenhas and I teamed up to write about how Stripe had set a 12-month deadline for itself to go public, either through a direct listing or by pursuin...