Barcelona-based Grup Mediapro launches a €1B sports rights brokering fund, targeting established and emerging sports (Variety)

Mediagazer: Barcelona-based Grup Mediapro launches a €1B sports rights brokering fund, targeting established and emerging sports (Variety)

Top News:

The Guardian:

Source: WaPo subscription cancellations hit 250,000 on Tuesday, or 10% of subscribers, since October 25, based on the number of cancellation emails sent out— Reader backlash against decision not to make presidential endorsement rolls on despite Bezos defense of decision
Discussion: Washington Post, @craig.forman@threads.net, Techdirt, @hadas_gold, @craig.forman@threads.net, Poynter, @jakeadelstein, Newser, @genevaoh@threads.net, @GossiTheDog@cyberplace.social, Le Monde.fr, @stacycowley, @myhlee, @kenvogel, Daring Fireball, MediaPost, @Balkingpoints@mastodon.online, The Handbasket, @edmundlee@threads.net, Gizmodo, @nelson@tech.lgbt, @carlmalamud@official …, @mpm@mstdn.social, The Wrap, Fox News, The Hill, The American Conservative, Crooked Timber and Washington Post

Discussion:

Elahe Izadi /
Washington Post: After non-endorsement, 250,000 subscribers cancel The Washington Post

Craig Forman /
@craig.forman@threads.net: A $30M reduction in annual revenue is what @washingtonpost faces due to accelerated churn of 250,000 subscribers sparked by its altered 2024 presidential-endorsement policy. This is simply the math from reports that 10% of the company's subscribers thus far cancelled in the wake of the decision by proprietor Jeff Bezos to halt presidential endorsements. …

Mike Masnick /
Techdirt: Dear Jeff Bezos: The ‘Hard Truth’ Is That Cowardice Like Yours Is Why People Don't Trust The Media

Hadas Gold /
@hadas_gold: The Washington Post's own reporters confirm the high subscription cancellation rate (around 250,000) that @davidfolkenflik first reported https://www.washingtonpost.com/ ...

Craig Forman /
@craig.forman@threads.net: While Bezos can easily fund the widening operating gap as The Post tries to return to sustainable growth after losing a reported $170 million since 2022, these long-tenured subs were likely individually highly profitable since the cost of acquiring them was accounted for long ago. …

Craig Forman /
@craig.forman@threads.net: That would - indeed - be a shame. Because while there is always the opportunity to find efficiencies as well as do different things differently, The Post will likely need more investment - not less - in product, technology and the right people going forward. I'm certain @jeffbezos understands that, maybe more than anyone else. … @jakeadelstein: @myhlee @washingtonpost Michelle-sama, Keep up the good work! I'm not cancelling my subscription. I did write a letter to the editor. Dear @washingtonpost, Over the years, I've proudly contributed to your paper. My love for this institution has never wavered. But I'm deeply frustrated by your recent

Evann Gastaldo /
Newser: Washington Post Subscription Cancellations Hit 250K

Geneva Overholser /
@genevaoh@threads.net: If the owner of an essential newspaper makes shockingly clear that he values his personal gain over the newspaper's integrity, we as subscribers should protest. Right there, on the grounds where he made this shameful decision. As for our colleagues, whom we value — what favor does our acquiescence in such an unacceptable step do them? …

Kevin Beaumont /
@GossiTheDog@cyberplace.social: First screenshot, NY Times story from October 14th this month about how Washington Post is losing $100m a year and they're very happy to have added 4000 subscribers. — Second screenshot, a few weeks later after Jeff Bezos set fire to his own company. — [images]

Stacy Cowley /
@stacycowley: Cancelling subscriptions to the Washington Post hurts their newsroom of essential journalists, not Bezos. I love tons of its reporters' work, but a special shout-out to @DaniDougPost for her fierce & vital coverage of the endlessly confusing student loan maze #whyIsubscribe

Michelle Ye Hee Lee /
@myhlee: A heartfelt thank you to everyone affirming their support for the journalists and journalism of @washingtonpost through the #whyisubscribe hashtag here, especially from our competitors. It's encouraging after a difficult few days (and months).

Kenneth P. Vogel /
@kenvogel: The partisan podcasters, pundits & aggregators would have nothing to talk about if everyone followed their advice & cancelled subscriptions to news outlets that produce the actual accountability reporting upon which the podcasters, pundits & aggregators base their content.

John Gruber /
Daring Fireball: Cancelling Your Amazon Prime Membership to Protest Bezos's Bootlicking at the Washington Post Is Like Pissing in the Ocean @Balkingpoints@mastodon.online: As mentioned last night, the fallout about this is better for VP Harris than the endorsement ever would have been. — Hard to say it better: Billionaire wants Republican president. This is all about Bezos dammit and he should get lower taxes and less regulation... - #election #news …

Marisa Kabas /
The Handbasket: Billionaires are not journalists — It's not about presidential endorsements—it's about the very future of our field.

Ed Lee /
@edmundlee@threads.net: still having a hard time squaring this: — “I wish we had made the change earlier than we did, in a moment further from the election and the emotions around it. That was inadequate planning, and not some intentional strategy.” — His edit board pulled together an endorsement weeks earlier (at least), and he doesn't tell them about his decision? …

Matt Novak /
Gizmodo: Washington Post Loses 250,000 Subscribers After Jeff Bezos Kills Harris Endorsement

Nelson Minar /
@nelson@tech.lgbt: I wasn't alone!. The WashPo has lost 250,000 subscribers, 10%, in response to Bezos' cowardly dictat.

Carl Malamud /
@carlmalamud@official.resource.org: Joined 250,000 of my fellow readers in cancelling my WaPo subscription. https://www.theguardian.com/ ... Sent some money over to the @guardian instead.

Mark McCahill /
@mpm@mstdn.social: Another day, another 50,000 #WashingtonPost subscriptions cancelled. — ""The publication has now shed 250,000 subscribers, or 10% of the 2.5 million customers it had before the decision was made public on Friday, according to the NPR reporter David Folkenflik. — A day earlier, 200,000 had left according to the same outlet. … Fox News: WaPo staffer unsure paper can recover as Bezos-owned outlet sheds 250,000 subscribers over endorsement fiasco

Dominick Mastrangelo /
The Hill: Carville: WaPo mass cancellations show ‘enthusiasm’ for Harris

Joseph Addington /
The American Conservative: Bezos Declares New Era at Washington Post

Eszter Hargittai /
Crooked Timber: Washington Post cancellations

Jeff Bezos /
Washington Post: Jeff Bezos says presidential endorsements “create a perception of bias” and WaPo ending them is a “principled decision”, but wishes the change was made earlier

RELATED:

NPR:
The LA Times has lost 10,000 to 18,000 subscriptions, or up to 4.5% of its subscribers, since owner Patrick Soon-Shiong axed the paper's Harris endorsement

Discussion:
American Press Institute and The Wrap Semafor: WaPo subscribers canceling shows how much its anti-Trump stance was marketing, as many seemed to be there for the mission, not necessarily the content

Discussion:
@davidfolkenflik, @jayrosen_nyu, Axios, @edzitron, Platformer, Townhall, City & State New York, Fox News, The National Pulse, @pkafka, @matthewstoller, @baseballcrank, @markmaxwelltv, @bonchieredstate, @benthomasnz, @ethangach, @davidfolkenflik, @semaforben, UnHerd, @harrietvane.bsky.social, @busbyj2.bsky.social, @petesouza@threads.net, @daveweigel.bsky.social, Slate, Press Gazette, Breitbart, Quartz, Poynter, The Gateway Pundit, Newser, Financial Times, GeekWire, The Hill, Mediaite, Bloomberg, Daily Press, Business Insider, NPR, The Dworkin Report, HuffPost, The Wrap, New York Magazine, Variety, Oh No They Didn't! and The Guardian

Discussion:

David Folkenflik /
@davidfolkenflik: UPDATE: The number of cancellations since Friday's revelation now exceeds 250,000, NPR can report. That represents approximately 10 percent of all paid circulation.

Jay Rosen /
@jayrosen_nyu: A big thank-you to Casey Newton for featuring in his critique of Jeff Bezos my concept (from 2003) “the view from nowhere.” https://www.platformer.news/ ... For the Post to thrive again, Casey writes, Bezos has get beyond that view.

Rebecca Falconer /
Axios: WaPo subscribers flee en masse after Bezos' endorsement decision

Ed Zitron /
@edzitron: what sucks about this is it doesn't hurt Bezos at all. he could afford to float this paper forever even if it had a single subscriber called “Steve.” This will, however, allow Bezos to justify layoffs. Absolute shameful scumbag, the lowest

Casey Newton /
Platformer: Jeff Bezos' view from nowhere

Fox News:
WaPo staffers livid after chief editor downplays rate of cancellations: 'No one believes a word he's saying'

Peter Kafka /
@pkafka: Smart analysis.

Matt Stoller /
@matthewstoller: Defense contracts?

Dan McLaughlin /
@baseballcrank: Maybe it should try news.

Mark Maxwell /
@markmaxwelltv: “We learned Monday that, in fact, a share of the Post's subscribers seemed to be there for the mission, not necessarily the content. And it was, as much as anything else, a clarifying lesson in how you sell news.” @bonchieredstate: Ah yes, because democracy is predicated on newspapers making partisan endorsements to influence elections.

Ben Thomas /
@benthomasnz: Idk I feel like newspaper endorsements have always been (to a greater or lesser extent) an indulgence rather than a vital exercise for either democracy or, especially, the practice of journalism @ethangach: Love when the money bags walk into the newsroom and start breaking everything because they know better

David Folkenflik /
@davidfolkenflik: Semafor editor Ben Smith (@semaforben) raises Qs about WaPo's live by the sub, die by the sub strategy in wake of brutal cancellations

Ben Smith /
@semaforben: The Washington Post sold Democracy. Now it needs a new line of business. https://www.semafor.com/...

Sarah /
@harrietvane.bsky.social: Getting a real swell of patriotism (for maybe the last time in a while) from a Daily Mail editor coming to America and Americans immediately going “what the fuck is this?” [embedded post]

Josh Busby /
@busbyj2.bsky.social: There is a ton of good content coming out in the Post even now and Will Lewis has screwed the journalists over by mismanaging this thing. He should go. Bezos should also sell the paper or do a 180. [embedded post]

Pete Souza /
@petesouza@threads.net: Democracy is dying, and he can't realize it's because of gutless people like him. https://www.washingtonpost.com/ ...

Dave Weigel /
@daveweigel.bsky.social: Just copying the brilliant @margarita.bsky.social's take here, but Will Lewis is the linchpin of this story - spectacular failure, mismanaged every part of this, somehow literally decimated the paper's subscriber base IN AN ELECTION YEAR. [embedded post]

Laura Miller /
Slate: There's a Better Way to Express Your Anger at the Washington Post. Too Bad Most People Won't Do It.

Bron Maher /
Press Gazette: Washington Post's non-endorsement could cost title $20m+ in lost online subs

John Nolte /
Breitbart: More Resignations and 200K Subscription Cancelations Hit Far-left Washington Post

William Gavin /
Quartz: Jeff Bezos says he didn't know Blue Origin met with Trump as he tries to calm Washington Post storm

Tom Jones /
Poynter: The Washington Post bleeds subscriptions as Bezos responds to endorsement criticism

Cassandra MacDonald /
The Gateway Pundit: Over 200,000 Subscribers Ditch Washington Post After Newspaper Refuses to Endorse Kamala Harris

Evann Gastaldo /
Newser: Bezos Pens 909-Word Defense of WaPo Decision Financial Times: Jeff Bezos defends ‘principled decision’ to block Washington Post endorsement of Kamala Harris

Kurt Schlosser /
GeekWire: Jeff Bezos says ‘no quid pro quo of any kind’ in decision to end Washington Post endorsements

Dominick Mastrangelo /
The Hill: Bezos breaks silence, defends move to drop Washington Post presidential endorsements

Charlie Nash /
Mediaite: WaPo Loses Eye-Popping 200,000 Subscribers in Exodus That ‘Will Batter’ the Paper, Says NPR Reporter Daily Press: Report: Washington Post loses more than 200,000 subscriptions following non-endorsement

David Folkenflik /
NPR: Sources: more than 200,000 people had canceled their WaPo digital subscriptions by midday Monday, or ~8% of the paper's paid circulation of 2.5M subscribers

Scott Dworkin /
The Dworkin Report: 200,000 WaPo Subscription Cancellations Since Blocking Harris Endorsement

Ryan Grenoble /
HuffPost: Washington Post Subscriptions In Free Fall After Bezos Blocks Presidential Endorsement

Jacob Bryant /
The Wrap: Washington Post Loses Over 200,000 Subscribers After Bezos Nixes Harris Endorsement

Todd Spangler /
Variety: Washington Post Hit With 200,000-Plus Subscriber Cancelations After Jeff Bezos Nixed Presidential Endorsement: Report Oh No They Didn't!: Over 200,000 subscribers flee ‘Washington Post’ after Bezos blocks Harris endorsement

Washington Post:
Though Jeff Bezos' decision to block WaPo's presidential endorsement is editorially violent and destabilizing fiat, he is acting within his rights as the owner

Discussion:
Poynter, Washington Post, Heartland Signal, Fortune, The Drum, Washington Examiner, Defector, CBS News, Patterico's Pontifications, Associated Press, The Atlantic, The Independent, RedState, Newser, DNyuz, KDFX-TV, Society of Professional …, Daily Caller News Foundation, The Hill, CNBC and Fox News

Discussion:

Philip Bump /
Washington Post: When reality is seen as biased, objectivity alone won't shield the press

Chloe Berger /
Fortune: Jeff Bezos doubles down on unprecedented block of a presidential endorsement from ‘The Washington Post’ but admits ‘I am not an ideal owner’

Audrey Kemp /
The Drum: LA Times & WaPo may suffer brand damage from refusals to endorse a presidential candidate

Jenny Goldsberry /
Washington Examiner: Bob Woodward blasts Washington Post for ending presidential endorsements CBS News: Jeff Bezos defends Washington Post's decision to not endorse, saying Americans mistrust the media

David Bauder /
Associated Press: Newspaper non-endorsements fit a trend, but some readers aren't happy

Robert Greene /
The Atlantic: Why Major Newspapers Won't Endorse Kamala Harris

Josh Marcus /
The Independent: Bezos insists no quid pro quo in decision to pull Washington Post's Harris endorsement as staff and subscribers quit

Bob Hoge /
RedState: Jeff Bezos Weighs in on WaPo Endorsement Drama: ‘Our Profession Is Now the Least Trusted of All’

Hadas Gold /
KDFX-TV: Three Washington Post editorial board members step down amid wave of canceled subscriptions over non-endorsement Society of Professional Journalists: SPJ ethics leaders decry editorial interference at LA Times and Washington Post amid debate over presidential endorsements

Nicole Silverio /
Daily Caller News Foundation: Hundreds Of Thousands Reportedly Cancel WaPo Subscriptions After Decision Not To Endorse Harris

Dominick Mastrangelo /
The Hill: Washington Post loses more than 200,000 subscribers over endorsement outrage: Report

Dan Mangan /
CNBC: Washington Post loses reported 200K digital subscriptions, editorial board members over endorsement veto

Variety:

Barcelona-based Grup Mediapro launches a €1B sports rights brokering fund, targeting established and emerging sports— Grup Mediapro, the Barcelona-based global holding including The Mediapro Studio, is launching and will manage a €1 billion ($1.1 billion) sports rights brokering fund …

Variety:

An amended FCC filing shows that Skydance CEO David Ellison will hold 100% of the Ellison family's voting interests in the combined Paramount-Skydance company— Prior documentation indicated that Oracle founder Larry Ellison would be majority owner of National Amusements Inc.

Discussion:
TVNewsCheck, Adweek, @femme_mal@mstdn.social, TVNewsCheck, The Wrap, Bloomberg, Deadline and The Hollywood Reporter

Discussion:

Katie Kilkenny /
TVNewsCheck: Paramount Postproduction Staffers Facing Layoffs Claim Top Brass Is ‘Union Busting’

Brad Pareso /
Adweek: David Ellison—Not Father Larry—Will Control 100% of Paramount After Deal Closes

Femme Malheureuse /
@femme_mal@mstdn.social: This is fucked up. Another billionaire with a death grip on a key part of our culture. — This must stop. We need to discuss excess consolidation of media and how to ensure it's not controlled by a very few persons. — https://variety.com/...

Jill Goldsmith /
TVNewsCheck: David Ellison - Not Larry - Will Hold 100% Of Family Interest In Paramount When Skydance Deal Closes

Lucas Manfredi /
The Wrap: David Ellison Will Control 100% of Paramount After Deal Closes

Christopher Palmeri /
Bloomberg: David Ellison to Control Family's Paramount Stake After Deal

Jill Goldsmith /
Deadline: David Ellison - Not Larry - Will Hold 100% Of Family Interest In Paramount When Skydance Deal Closes

Variety:

YouTube Q3 ad revenue grew 12.2% YoY to $8.92B, vs. $8.89B est.; total ads and subscription revenues passed $50B over the past four quarters for the first time— YouTube generated a cool $8.92 billion in advertising revenue for the third quarter of 2024 as the world's biggest video-streaming …

Discussion:
MEDIANAMA, Alphabet Inc., MediaPost, TVNewsCheck, City A.M., @lucas_shaw, YourStory.com, Digital Music News, The Register, Benzinga, SiliconANGLE, Capital Brief, The Information, Cord Cutters News, The Desk, The Verge, Reuters, Fortune, The Wrap, Quartz, ZeroHedge News, Investor's Business Daily, @philthepill.bsky.social, 9to5Google, Deadline, Semafor, The Hollywood Reporter, CNBC and Media Play News, more at Techmeme »

Discussion:

Kamya Pandey /
MEDIANAMA: Earnings report: Google cloud sees over 600% jump in operating income Amid AI Infrastructure Demand

Laurie Sullivan /
MediaPost: Google Q3 Ad Spending Rose 11% Led By Gains In Search, YouTube

Todd Spangler /
TVNewsCheck: YouTube Q3 Ad Revenue Beats Forecasts, Rising 12% To $8.92B

Saskia Koopman /
City A.M.: Google: AI investment pays off as cloud drives revenue growth

Lucas Shaw /
@lucas_shaw: YouTube generated more than $50 billion in sales over the last year, the first time its done that in a 12-month span. It is 30% larger than Netflix in $$ (and 6-8x in users). https://www.bloomberg.com/...

Ashley King /
Digital Music News: Google CEO Says YouTube Music Is ‘Driving Subscription Growth’ — Second Best Quarter Ever for YouTube Posted

Kaustubh Bagalkote /
Benzinga: Google Bought YouTube For $1.65B And Now It Prints $50B In Revenue Just In 1 Year — Sundar Pichai Says Alphabet ‘Leaning Into The Living Room Experience’

Mike Wheatley /
SiliconANGLE: Alphabet's stock jumps as ads, AI and cloud fuel strong revenue growth

Daniel Van Boom /
Capital Brief: Alphabet Q3 earnings spiked by Google Search and AI demand

Sylvia Varnham O'Regan /
The Information: Snap, YouTube Highlight Strength in Subscriptions

Luke Bouma /
Cord Cutters News: YouTube Ad Revenue Hits $8.92 Billion, Defying Industry Trends and Boosting Alphabet's Earnings

Kali Hays /
Fortune: Google owner Alphabet sees double-digit revenue growth as CEO Pichai calls out YouTube success

Britney Nguyen /
Quartz: Google beats third-quarter earnings expectations on AI momentum

Tyler Durden /
ZeroHedge News: Google Jumps After Beating Across The Board

Reinhardt Krause /
Investor's Business Daily: Google Earnings Beat. Search Advertising, Cloud Growth Top Wall Street Expectations.

Phil Santiago /
@philthepill.bsky.social: Alas, my efforts to short Alphabet have failed, even though I quit YouTube Premium for the first time in 3 years. (Firefox still blocks the ads, fwiw). [embedded post]

Dade Hayes /
Deadline: YouTube Ad Haul Powers Alphabet Q3 Results

Diego Mendoza /
Semafor: Alphabet's strong third quarter earnings see boost from cloud computing business

Caitlin Huston /
The Hollywood Reporter: YouTube Hits $8.9B in Ad Revenue As Alphabet Beats Wall Street Expectations

Jennifer Elias /
CNBC: Alphabet to report Q3 earnings after the bell

Erik Gruenwedel /
Media Play News: YouTube Ups Q3 Advertising Revenue 12% to $8.9 Billion

Columbia Journalism Review:

Journalists and liberal critics blast the NYT and other US news outlets for “sanewashing”, false equivalence, and more, and call for sharper political reporting— From sanewashing to false equivalence, many readers have had it with their favorite news publications. Editors would do well to listen.

Discussion:

Jeff Jarvis /
Jeff Jarvis on LinkedIn: The Columbia Journalism Review gave me the opportunity to write the story I've so wanted to write about the wave of liberal anger with the New York Times …

Jennifer Schulze /
@newsjennifer: Like @jeffjarvis, I've spent my life as a journalist. I believe it is essential work now more than ever. I point out sanewashing, stenography, false equivalence, misleading headlines & other missteps for the simple reason that I want the journalism work to improve.

Jay Rosen /
@jayrosen_nyu: By @jeffjarvis: “I will not cancel my subscriptions, for I both want to support the good and necessary journalism still produced there and to stay on the case of these institutions. But I am disappointed in them, and often angry...” https://www.cjr.org/... Recommended. @flo_a: @jeffjarvis @CJR “Bouie regularly calls on history for explanation, something I wish more newsroom journalists would do.... Journalists like to say they write the first draft of history. Too often that means they ignore history.”

Steve Kettmann /
@stevekettmann: Great, great CJR piece by Jeff Jarvis, who many of us rely on to stay abreast of media trends. Please read. Very important article.

James Fallows /
@jamesfallows: Very good piece by @jeffjarvis in @CJR @jeffjarvis: .@CJR gave me the opportunity to write the story I've so wanted to write about the wave of liberal anger with the NY Times, Washington Post, et ilk, over campaign coverage, quoting many journalists and exploring theories. https://www.cjr.org/...

Bruce MacDonald /
@rationaldoge@hachyderm.io: “This is what makes us liberal critics sigh. Why “baseless claim” and not “racist lie”? And to paint this as merely a risky campaign tactic instead of what it is—an incitement to race hate and violence—is an abrogation of journalistic responsibility.” — Why Are Liberals Infuriated with the Media? …

The Guardian:

Australia's ABC Chair Kim Williams says pursuing “digital titans for a fair cut of the revenues drained from mainstream journalism” is a “democratic imperative”— Kim Williams says funding local news and public interest journalism is crucial in a world where 'the distortion …

Discussion:
Crikey

Discussion:

Talking Biz News:

Consumer Reports gets a $5M investment from Craig Newmark Philanthropies to conduct new investigations into cyber harms, AI systems, privacy concerns, and more— Consumer Reports has received a a new investment of $5 million from Craig Newmark Philanthropies that will accelerate its vision …

Discussion:
@consumerreports and Innovation at Consumer Reports

Discussion:
@consumerreports: One of our priorities is making sure the digital marketplace is safe for consumers. A new $5M grant from @CraigNewmark Philanthropies will help expand our work on issues like cybersecurity, AI, & digital finance. #CybersecurityAwarenessMonth https://innovation.consumerreports.org/ ...

Nieman Lab:

A decade after the Serial podcast launched, public radio executives say they think true crime podcasts can bolster interest and support for their organizations— Amid the downturn in audio, some executives think the public radio model — with a dash of true crime — might provide a way forward.

Discussion:
Nieman Lab and

Discussion:

Laura Hazard Owen /
Nieman Lab: 10 years after Serial: Nieman Lab looks at crime news now

The Wrap:

SAG-AFTRA announces a deal with Ethovox, an AI company building a “foundational voice model” based on voices of members, who would get an ongoing revenue share— The company, owned and run by voice actors, will guarantee consent and compensation for union members with whom it works

Discussion:

Jay Peters /
The Verge: SAG-AFTRA has announced an agreement with Ethovox, which is building a “foundational AI model for voice.” SAG-AFTRA: New SAG-AFTRA and Ethovox Agreement Empowers Actors and Secures Essential A.I. Guardrails

CNBC:

Snap reports Q3 revenue up 15% YoY to $1.37B vs. $1.36B est., DAUs up 9% YoY to 443M, issues light Q4 guidance, and announces $500M stock repurchase program— Snap reported better-than-expected third-quarter results on Tuesday, but issued light fourth-quarter guidance. The stock slipped in extended trading.

Discussion:
Adweek, Motley Fool, Barron's Online, Reuters, Bloomberg, Business Insider, Mumbrella, Snap Inc., Investor's Business Daily, Benzinga, Deadline, The Hollywood Reporter and Snap Inc.

Discussion:

Brad Pareso /
Adweek: Snap Beats Revenue and User Growth Estimates

JesterAI /
Motley Fool: Snap: Revenue Up 15%, Loss Shrinks

Emily Dattilo /
Barron's Online: Global Payments Posts an Earnings Miss. The Stock Is Rising for Other Reasons.

Aisha Counts /
Bloomberg: Snap Gains on Results Suggesting Ad Revamp Is Working

Shubhangi Goel /
Business Insider: Snap surges 10% as it gets a major boost from AI and paid subscribers

Nathan Jolly /
Mumbrella: Snap increases revenue and doubles active advertisers in Q3

Ryan Deffenbaugh /
Investor's Business Daily: Snap Stock Pushes Higher On Earnings, Sales Beat

Jill Goldsmith /
Deadline: Snap Q3 Beats Street As Sales Rise, Losses Shrink & Snapchat Sees 443 Million Daily Active Users

Alex Weprin /
The Hollywood Reporter: Snapchat Adds 37M Active Users, Plans 2025 Launch for Revamped “Simple” App

CNBC:

Reddit reports Q3 revenue up 68% YoY to $348.4M, vs. $312.8M est., DAUs up 47% YoY to 97.2M, vs. 96.5M est., ARPU of $3.58, vs. $3.24 est.; RDDT jumps 24%+— Reddit shares jumped 16% in extended trading on Tuesday after the social media company reported third-quarter results …

Discussion:

Michael Grothaus /
Fast Company: Reddit stock price: 3 reasons why RDDT is soaring to all-time highs

Emma Roth /
The Verge: Reddit is profitable for the first time ever, with nearly 100 million daily users

Anthony Vargas /
AdExchanger: Reddit's Ads Biz Exploded In Q3, Albeit From A Small Base

Jaspreet Singh /
Reuters: Reddit shares jump 22% as AI deals boost quarterly revenue forecast

Trevor Mogg /
Digital Trends: Reddit just achieved something for the first time in its 20-year history

Hannah Murphy /
Financial Times: Reddit shares soar 25% as it turns its first profit

Anita Ramaswamy /
The Information: Reddit's AI Licensing Deals Help it Notch First-Ever Profitable Quarter

Richard King /
Richard King on LinkedIn: Wow! Huge revenue growth for Reddit!! And soooo many jobs posted!! Dozens and dozens of white-collar, corporate roles! Career site: https://lnkd.in/... …

Ryan Deffenbaugh /
Investor's Business Daily: Reddit Stock Surges As Strong Revenue Growth Powers Surprise Profit

Aisha Counts /
Bloomberg: Reddit Set to Hit Record High After Strong Sales Forecast

Engadget:

X says it has “re-architected” the scoring system for its Community Notes feature so that notes can now appear less than 20 minutes after a post is published— The fact checks can now appear less than 20 minutes after a post is published, the company said.

Discussion:
@elonmusk, @_jaybaxter_ and @communitynotes, more at Techmeme »

Discussion:

Elon Musk /
@elonmusk: Big upgrade to Community Notes!

Jay Baxter /
@_jaybaxter_: Notes show up way faster now!! Behind the scenes, the eng team pulled off a rewrite of much of the backend scoring system to make this a reality. Really happy to see it paying off!! ⚡️ @communitynotes: Introducing Lightning Notes ⚡ People want fast notes. So we re-architected the system to score notes faster. Since rolling this out, we've seen notes go live in as little as 14m33s after being written, and 18m20s after the post itself was written. Ludicrously fast? Now reality! [image]