It is the 15th of September 2019

News

Facebook Ditches Its "Fake News Flag" After People Shared Flagged Articles Even More

Roughly one year ago Facebook promised to eradicate "fake news" from its platform by "flagging" articles that were deemed inaccurate by their hand-selected "fact checkers" (A.K.A. "liberal propagandists")...we wrote all about it in a post entitled "Facebook Launches Campaign To Combat 'Fake News'". 

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Disney Slides On Earnings Miss, Declining ESPN Revenue And Viewership, Layoffs

Disney is sliding after hours after another poor quarter, in which the Mickey Mouse company which recently severed relations with Netflix, reported a miss on the top and the bottom line, reporting Q4 EPS of $1.07, down 3% from the $1.10 a year ago, and below the $1.14 expected. The number would have been even worse had the company used the 34.3% effective tax rate it had one year ago instead of the lower 30.8% rate it used this quarter. The revenue miss was even worse, with DIS generating $12.78BN in Q4, 3% below a year ago, and over half a billion below the $13.32BN expected. Total operating income declined by 11% to $2.8BN from $3.2Bn a year ago, while free cash flow remained flat at $2.7 billion.

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Netflix Jumps After Smashing Subscriber Expectations, Unveils $17 Billion In Content Commitments

After some initial confusion, Netflix stock surged after hours, a repeat of what it did last quarter, soaring above its all time high price, up over 2% after reporting Q3 numbers which while beating slightly on revenues ($2.99Bn, Exp. $2.97Bn), and beating modestly on non-GAAP EPS (GAAP EPS$0.29, non-GAAP EPS $0.37, exp. $0.32), were far more remarkable for the subscriber numbers, which smashed expectations as follows:

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Twitter Provides "Russian Interference" Update; Senator Warner Blasts As "Deeply Disappointing"

Earlier today Twitter Vice President for Public Policy Colin Crowell met with staff from Senate Select Committee on Intelligence and House Permanent Select Committee on Intelligence to discuss how Twitter may have been exploited by sneaky Russian operatives to sway the course of American history by undermining the candidacy of Hillary Clinton. 

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Clinton Lawyer Helped Facebook Avoid Political Ad Disclosures

It’s almost surprising how many people have forgotten how, shortly after the election, Facebook CEO Mark Zuckerberg said you’d have to be “crazy” to think that Facebook’s platform – by helping to spread “fake news” – had helped sway the vote in favor of President Donald Trump.

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Twitter To Expand Character Limit From 140 To 280

And just like that, Twitter became a mini blog, as its 140-character limit died today after a long battle with Facebook.

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