Unriddled: The Price of Cleaning up Social Media, a Gaggle of Collaboration Tools, and More Tech News You Need
Here in our Cambridge HQ, the days are slowly starting to get shorter. So as we hold onto to these summer days and nights — and know that, perhaps, you are, too — we’ll try to unriddle this week’s tech news in double-time.
It’s our Wednesday tech news roundup, and we’re breaking it down.
Unriddled: The Tech News You Need
1. Slack Acquires HipChat and Stride
Slack, the workplace collaboration platform that’s best known among some for its internal chat capabilities, has acquired HipChat and Stride assets from Atlasssian.
The move signals what could be a battle within the tech world for the best workplace collaboration tool. The same day the acquisition was announced, news broke that Facebook will also acquire Redkix in hopes of building out its Workplace platform, which many consider a Slack competitor. Dina Bass and Ellen Huet of Bloomberg have more. Read full story >>
2. Uber Closes Its Self-Driving Trucks Division
Uber, the ride-sharing company that’s also had a high-profile foray into the autonomous vehicle sector, will shutter its self-driving truck operation and shift focus to self-driving passenger cars. As Kirsten Korosec of TechCrunch explains, Uber’s self-driving truck efforts have been plagued with issues, including a high-profile trial with rival Waymo, Alphabet Inc.’s autonomous vehicle division. Read full story >>
3. Facebook Discovers Election Interference (Again)
Facebook has made no secret of its efforts to clean up its platform — especially when it comes to data privacy, and the weaponization of its site for things like election interference.
That made headlines once again yesterday when it was announced that the company discovered another coordinated election influence campaign on its platform — though it would not say for certain who was behind it.
About 290,000 users were exposed to content from Pages and accounts that were suspected as a result of this discovery. Facebook says that the investigation is ongoing. Read full story >>
4. Twitter and Facebook Hold Q2 Earnings Calls
The week prior to Facebook’s above revelations, the company held its Q2 2018 earnings call, which was followed by arguably disastrous results — including, at one point, a nearly 20% drop in its stock price. It’s believed that was primarily a reaction to two key metrics revealed during the call: first, a plateau in active user growth in the U.S. and Canada, as well as remarks from executives that they expect revenue to decelerate over the next two quarters.
But despite these earnings, most expect Facebook to recover. According to our research, 72% of internet users expect the company to rebound — and less than 40% were surprised by its slowing growth. Read full story >>
Twitter also held its Q2 earnings call, where it announced a decrease in one million monthly active users, but an increase in revenue. The results were less-than-stellar for this social media player, as well — at one point, the earnings call was followed by a 27% drop in its stock price. Read full story >>
5. Twitter Selects Two Proposals to Study Its Network Health
The Monday after its earnings call, Twitter announced the selection of two proposals to study the network’s conversational help: one, to examine the presence of “echo chambers” on the site, and the other to research the impact of user exposure to different perspectives. The selection comes after a public request for proposals in March to study the network’s “health metrics,” which Twitter CEO Jack Dorsey said was part of the company’s commitment to “increas[ing] the collective health, openness, and civility of public conversation.” Read full story >>
That’s all for today. Until next week, feel free to weigh in on Twitter to ask us your tech news questions, or to let us know what kind of events and topics you’d like us to cover.