snapchat
Snapchat Debuts New Disappearing Stock Price

Snap Inc., the parent company formerly known as Snapchat, just released its first earnings report since its IPO, and the results aren’t pretty. Snap missed analyst revenue estimates by $10 million, bringing in $149.6 million in revenue. And although Snapchat had a 36 per cent jump in daily active users on a year over year basis, it added just eight million new users (five per cent), from last quarter. Read More >>

uber
Better Excuses for Avoiding Journalists During Your Company’s Massive Sexual Harassment Scandal

Despite his company’s litany of problems, Uber CEO Travis Kalanick was supposed to appear onstage at Code Conference, a fancy tech gathering, at the end of May. It would have been a good time for the yelling executive to weigh in on the allegations of sexual harassment at his company, the ongoing investigation into those claims, the assorted lawsuits Uber faces from its competitors, and the fact that tonnes of high-profile employees—even PR flacks—are headed for the exit. Read More >>

music
Streaming Music Services, From Most Screwed to Least Screwed

SoundCloud is fucked. On Thursday, the streaming music service mostly known as a place to hear podcasts and remixes from unknown DJs confirmed that it had taken $70 million (£56 million) in debt funding—basically a loan from various investors—in order to stay in business. Read More >>