Snapchat Gains 15 Million Users, Tops Q1 Revenue Estimates
Popular app reports its second-best quarter for user growth since going public.
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Netflix’s Stock Drops 7% After Flopping on Q1 Subscriber Goal
The streaming heavyweight fell 2 million subscribers shy of its first quarter estimate
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What Netflix’s Slow Q1 Growth Means – for Streaming Giant and Rivals Like Disney+
The streaming giant fell 33% short of its first quarter subscriber goal on Tuesday
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Netflix Falls Short of Q1 Subscriber Goals, Blames Pandemic and ‘Lighter Content Slate’
Streaming giant’s stock drops 10% in after-hours trading
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Apple Launches Paid Podcast Subscriptions
Creators will be able to charge listeners directly starting next month
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Daily Mail Sues Google, Claims Royal Family Search Results Were Suppressed
Tech giant pushes outlets down in search results if they don’t sell enough ads through Google’s ad platform, new lawsuit claims
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Endeavor Sets $10 Billion Valuation, Aims to Raise $500 Million-Plus in IPO
Ari Emanuel’s powerhouse agency is looking to go public for the second time since 2019
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Facebook Takes Aim at Clubhouse With New Audio Features
The social network is set to roll out its own feature that allows users to host conversations on particular topics
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Parler Approved for Return to Apple App Store
The social media app favored by conservatives was removed in the wake of the Capitol riot
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Penske Media Acquires 50% Stake in South by Southwest Festival
Deal comes as SXSW and other events have been put on hold due to the pandemic
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Clubhouse’s Monthly Downloads Plunged 72% Last Month | Chart
After pulling in 9.5 million downloads in February, Clubhouse only had 2.7 million downloads in March, according to new data from Sensor Tower
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Apple Music to Artists: We Pay 1 Penny Per Stream — Double What Spotify Pays
The tech giant makes the case to recording artists that it’s more artist-friendly than its chief rival
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Amazon Hits 200 Million Prime Memberships
Outgoing CEO Jeff Bezos says Prime memberships generated “$126 billion of value creation” last year in terms of time saved shopping online
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Streaming’s Side Hustle: 40% of Subscription Passwords Are Resold
“It’s not necessarily against the law, but against the service’s license agreement, which makes it a bit more complex to deal with,” Red Points’ Sergei Garcia says
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Instagram and Facebook Test Option for Hiding ‘Likes’ (Again)
The feature can be used by some on their friends’ posts or their own, a move experts say could significantly impact users’ mental health
