Following Record FTC Fine, Facebook Stock Pops on Q2 Earnings Beat (TechCrunch)
Hours after receiving a record $5 billion FTC fine on privacy violations, Facebook delivered a Q2 earnings beat with revenue of $16.9 billion with $1.99 adjusted EPS compared to the Zacks Consensus Estimate of $1.90 EPS on revenue of $16.45 billion. Read more: https://tcrn.ch/2MHw9MG
8chan Owner Jim Watkins Deflects Blame as Scrutiny of Extremist-Linked Message Board Increases (Forbes)
Jim Watkins, the owner of extremist message board 8chan, has defended the site after increased scrutiny following the shooting in El Paso, Texas, and days after the site’s founder, Fredrick Brennan, called for the platform to be shut down. Read more: http://bit.ly/33hALPz
Pinterest Reaches 300 Million Users, Posts Better Than Expected Profit in Q2 (Social Media Today)
Pinterest has provided an update on its performance, giving investors a look at how it's tracking towards its broader growth goals. And the company is tracking pretty well - first off, on users, Pinterest is now up to 300 million monthly actives, a 30% increase on a year ago. Read more: http://bit.ly/33mv6bc
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