Facebook crushes Q2 earnings, hits 1.71B users and record share price

Facebook Users Q2 2016 Coming off an all-time high stock price of $123.34, Facebook in Q2 2016 smashed earnings again. The social network continued steady growth just slightly slower at 3.63% compared to last quarter’s 3.77%, adding 60 million monthly users this quarter to reach 1.71 billion. It scored $6.44 billion in revenue and $0.97 EPS, blowing past estimates of $6.02 billion and $0.82 EPS.

 

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Tumblr to introduce ads across all blogs

Screen Shot 2016-07-27 at 9.58.08 AM Tumblr this week quietly announced plans to roll out a new advertising program across its site which will see it implementing ads across users’ blogs. The company did not provide specific details on how the program will operate, but it appears to be an expansion of its earlier Creatrs program, which connects brands with Tumblr users directly, instead of having advertisers work with… Read More

Twitter dives after mixed Q2: $602M sales, $0.13 EPS, MAUs up 3% 313M

twitter-analytics1 Twitter today reported Q2 earnings, and the woe that is its poor user growth continues, with its 313 million monthly active users up just 3% on a year ago, and up less than 1% on its previous quarter. The company reported revenues of $602 million with adjusted earnings per share of $0.13. While revenues are up 20% on a year ago, the numbers were a miss on sales and a beat on EPS: analysts… Read More

Facebook takes down footage from child ‘torture’ report

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Facebook wants to be in the news business, but it’s finding that being a media platform is harder than it looks.

 

On Monday evening, ABC news program Four Corners delivered a report that detailed the shocking abuse of child detainees in the Northern Territory. It included footage of teenagers being tear gassed and one boy being bound in a manner that would not look out of place in Guantanamo Bay.  

 

The Australian government has already committed to an inquiry into the Northern Territory’s juvenile detention system.

 

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10 times parents did the most awkward things on Snapchat and Facebook

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http://mashable.com/videos/embed?video=CUOJihj2&player=default

For those who have grown up with social media, the world of statuses, tweets and snaps makes sense. But how about for older generations, who are entering unfamiliar territory when they sign up for Facebook or Snapchat? 

 

We sat down with some Mashable employees and friends to hear their best stories of parents and grandparents on social media, and the answers did not disappoint.  Read more…

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