Author: Matthew Lynley

Twitter brings on a new lead for its live video business

TECHCRUNCH There’s another new hire for Twitter was announced today, but this one is tied more closely to its big push into live video as part of its efforts to differentiate itself from other platforms. Twitter COO Anthony Noto said today that the company has hired Todd Swidler as its Global Head of Live Business. Most recently he was at ESC Games as CEO, but prior to that was the global head of video distribution and partnerships at Bloomberg — the latter of which partnered with Twitter to offer streaming video news earlier this month. Excited to announce @toddswidler is joining Twitter as our...

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Twitter hires a new GM of revenue products

TECHCRUNCH Meanwhile, at Twitter HQ, the leadership revolving door at the entrance stops spinning clockwise for just a moment as a new face enters the building… Twitter CEO Jack Dorsey today that the company has hired Bruce Falck, previously the CEO of ad-tech firm Turn, as its head of revenue product. Amid all the headlines of departures of Twitter executives, the company has faced quarter after quarter of disappointing news for Wall Street as it tries to turn its business around. The problem Twitter faces isn’t just one of getting new users, but also building attractive products for advertisers...

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Pinterest’s visual search technology is coming to its ads

TECHCRUNCH Pinterest offers advertisers a unique opportunity for its audience of 175 million users: the ability to catch them at all points of their purchasing lifetime. Brands can advertise against moments of discovery and people searching for and saving products, eventually pushing them down to the point of actually buying a product. But since it fired up its ads business, it’s had to give advertisers the kinds of tools they’re used to using. Now the company is starting to roll out the same image recognition that it uses to power its visual search and recommendations — the same tools that...

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CreditHero wants to help fix credit scores for those afraid to even look

TECHCRUNCH With apps like Robinhood and services like Wealthfront for investing, and Credit Karma to check your credit score regularly, it might seem like financial services are finally getting more palatable and mainstream. But to Nicole Sanchez, people still need to have decent credit to get to the point where they’ll use those services — and that’s a huge hurdle to cross. That’s why she and her co-founders started CreditHero, a service geared toward helping people better understand their credit score and how to meaningfully improve it that launched at TechCrunch Disrupt NY 2017. By taking a more conversational...

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WeWork’s Adam Neumann on how to hit $1B in revenue with a careful balance

TECHCRUNCH WeWork, which is said to be raising as much as $4 billion at a valuation worth more than $20 billion, is still on its way to hitting $1 billion in annual revenue this year — though CEO Adam Neumann said at TechCrunch Disrupt NY 2017 that it’s not quite as simple as betting big on enterprise deals. Neumann said that enterprise deals, which would help handle office space for larger groups of employees, now account for 30 percent of the company’s new business. But originally synonymous with tiny teams in tiny offices or small startups strewn across a...

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BikeParking.Club brings connects a social network to bike locks in a city

TECHCRUNCH Palo Alto has a bike lock problem, and a pair of software developers and a designer took a shot at trying to solve that problem in 24 hours in New York this weekend. Eugene Tonev, Alexander Sivura and Yuri Dymov — currently at health startup HealthTap — put together a model of the kinds of bike racks you might see on the streets of Palo Alto. But this rack has a connected lock, paired with a social network, on it that can activate on demand. It’s part of an app called BikeParking.Club, which is a network for bikers that...

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Snap is getting crushed after falling short of Wall Street’s expectations

TECHCRUNCH Snap may have had a successful IPO, but that was pretty much wiped out after it reported its first-quarter earnings — where it completely whiffed on what Wall Street was expecting. The company said it brought in $149.6 million in revenue with a loss of $2.31 per share in the first quarter this year. Meanwhile, analysts expected the company to report a loss of 21 cents per share on revenue of around $158 million. In short, it doesn’t look good — and it looks like its user growth came in soft as well. The stock is down more...

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Nvidia is surging after its income more than doubled year-over-year

TECHCRUNCH Nvidia’s ballooning GPU business and big bets on divisions like autonomous driving continue to look better and better, with the company’s shares jumping more than 10% after it reported its first-quarter earnings. [related articles]In the first quarter this year, the company said it brought in $507 million in net income — up from $208 million in the first quarter a year ago. That doubled income comes as its revenue jumped 48% between the first quarter last year and this year. Much of Nvidia’s rapid ascent is thanks to the increasing need for GPUs that can handle deep learning...

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