Pinterest Shares Fall as U.S. Monthly Average Users Decline | Sidnaz Blog

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Pinterest reported Thursday second-quarter net income of $69.4 million, compared with a loss of $100.7 million a year earlier.



Photo:

Gabby Jones/Bloomberg News

Shares of

Pinterest Inc.


PINS -6.01%

fell more than 14% in after-hours trading, as the online sharing platform said its monthly average users in the U.S. contracted during the quarter, a trend that accelerated this month.

The company reported 91 million monthly average users in the U.S. in the quarter, down 5% from a year earlier. Pinterest said that “engagement headwinds” continued this month, with monthly average users down 7% as of July 27. Globally, monthly average users increased 9% in the quarter.

“Our second quarter results reflect both the strength of our business and the recent shift in consumer behavior we’ve seen as people spend less time at home,” Chief Executive

Ben Silbermann

said in prepared remarks.

Pinterest saw its user growth soar during the pandemic, as shut-in consumers turned to the website for masks and other products. The company has said the pandemic may have pulled forward some user growth.

The company also reported Thursday second-quarter net income of $69.4 million, compared with a loss of $100.7 million a year earlier.

Adjusted earnings were 25 cents a share. Analysts polled by FactSet were expecting adjusted earnings 13 cents a share.

Revenue totaled $613.2 million, compared with $272.5 million a year earlier. Analysts expected $562 million in revenue.

Pinterest shares closed Thursday at $72.04 apiece, down 6%. So far this year, the stock is up 9.32%.

Write to Robert Barba at [email protected]

Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Netflix May Find No Business Like Show Business | Sidnaz Blog

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Anya Taylor-Joy and Thomas Brodie-Sangster in a scene from ’The Queen’s Gambit.’



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/Associated Press

It is as good a time as any for

Netflix

to test a new story line. Even a lucky turn in videogames won’t free the streaming giant from the need to keep playing Hollywood’s game, though.

Netflix used its second-quarter report Tuesday afternoon to confirm previously reported plans to enter the videogame business. No timing was given, though the company said the offerings would be included in its current subscription plans at no additional cost. The company isn’t backing away from its work on movies and TV shows, but said in its letter to shareholders “since we are nearly a decade into our push into original programming, we think the time is right to learn more about how our members value games.”

That news comes as Netflix remains mired in somewhat of a post-pandemic slump. It added 1.5 million net new paying subscribers in the second quarter, which was a bit better than it had forecast but still its lowest level of growth in nearly a decade. It also projected 3.5 million net adds for the third quarter—about 29% less than what Wall Street was hoping for. That would bring the total number of new subscribers to about nine million for the first nine months of 2021. Netflix added more than 28 million paying subscribers in the same period last year.

A foray into games might make sense for a company with an intimate knowledge of the viewing habits of a user base that now numbers over 209 million. It is also a tough business to crack—even the mobile gaming market that Netflix says it expects to target initially. There are many participants, but most of the money is still made by long-established properties. Games like “Candy Crush” and “Clash of Clans” remain in the top-five grossing charts even after nearly a decade on the market.

Netflix will need to keep battling it out for video streaming eyeballs. The company expects its pace of new releases to pick up in the second half of this year; analysts from Wedbush count 42 original shows and movies expected for the third quarter alone. But the company still has its own track record to compete with: Last fall included popular shows such as “The Queen’s Gambit,” “The Crown” and “Bridgerton.” Netflix shares are down nearly 2% this year, lagging behind many internet and entertainment peers. Streaming investors hyper-focused on subscriber growth aren’t playing games.

Write to Dan Gallagher at [email protected]

Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Appeared in the July 21, 2021, print edition.

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Latest News Today – Samsung Working on Fixing WhatsApp Media Sharing Issue

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Samsung users running two WhatsApp accounts on their Galaxy smartphones using the Dual Messenger feature have been reportedly facing several issues. Samsung is now said to be working on a fix. Dual Messenger allows users to run two different accounts of apps such as Snapchat and WhatsApp, etc. on a Galaxy smartphone. Many users have been reporting issues with opening and sending media on the parallel version of WhatsApp on their phones. Samsung has reportedly said it will release a fix with a future update soon.

A report by SamMobile quotes Samsung as saying that it is working on fixing an issue where users are unable to open media received on WhatsApp registered using its Dual Messenger. Users are also unable to send saved media. The issue is said to be persistent with WhatsApp version 2.21.10.16 (or later).

Till an update arrives, users have been reportedly advised by Samsung to forward the media received on their Dual Messenger WhatsApp to their primary WhatsApp and open it from there. For sending media, users are advised to send files via the Gallery or My Files app and sharing them by selecting the Dual Messenger WhatsApp.

You can activate Samsung’s Dual Messenger by going to Settings > Advanced features > Dual Messenger. Follow these steps to activate two WhatsApp accounts on your Samsung phone.

In other Samsung-related news, the South Korean tech giant is gearing up to launch the Galaxy A22 5G smartphone in India. The upcoming smartphone is expected to come in two RAM + storage configurations — 6GB + 128GB and 8GB + 128GB.


Does WhatsApp’s new privacy policy spell the end for your privacy? We discussed this on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, and wherever you get your podcasts.

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.


Satvik Khare is a sub-editor at Gadgets 360. His proficiency lies in educating how technology makes life easier for everyone. Gadgets have always been a passion with him and he’s frequently found finding his way around new technologies. In his free time he loves tinkering with his car, participating in motorsports, and if the weather is bad, he can be found doing laps on Forza Horizon on his Xbox or reading a nice piece of fiction. He can be reached through his Twitter
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Latest News Today – US Might Still Have Polio If Media Had Opposed Vaccine:

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US Might 'Still Have Polio' If Media Had Opposed Vaccine: Top Scientist

Top US scientist Anthony Fauci said false information is being spread against Covid vaccines. (File)

Washington:

Top US scientist Anthony Fauci on Saturday blasted commentators who sound an anti-vaccination theme, saying America might still be battling smallpox and polio if today’s kind of misinformation existed back then.

The comments from the country’s leading infectious disease expert reflected mounting frustration over the sharp slowdown in the Covid-19 vaccination rate in the United States, even as the disease has been surging in states with low rates.

It also came days after President Joe Biden expressed his own visible frustration, saying social media that carry widely heard misinformation about vaccines are “killing people.”

Fauci was responding to a CNN interviewer who asked if he thought “we could have defeated the measles or eradicated polio if you had Fox News, night after night, warning people about these vaccine issues that are just bunk.”

Fauci said: “We probably would still have smallpox and we probably would still have polio … if we had the kind of false information that’s being spread.”

Initial vaccine skepticism in many areas has increasingly evolved into outright hostility, a message magnified by baseless conspiracy theories regularly aired on Fox and other conservative networks.

“Maybe it doesn’t work and they’re simply not telling you that,” Tucker Carlson, one of Fox’s most popular commentators, said recently.

The vaccines have instead proved extraordinarily effective. Officials in Maryland, for example, said that not one of the people who died of the disease last month in the state had been vaccinated.

To suggestions of sending vaccine educators door-to-door to encourage people to get the jab, Fox commentator Charlie Hurt said, “They’ve become like the Taliban.”

Conservative politicians have increasingly echoed former president Donald Trump’s mockery of Covid precautions.

Door-to-door educators, suggested Representative Madison Cawthorn of North Carolina, might instead come and take people’s guns — or their Bibles.

After an initial burst of vaccinations around the country, the pace has slowed sharply.

Biden’s announced goal of having 70 percent of adults vaccinated by July 4 fell short by about three points, and the vaccination rate has slowed further since then, even as the disease’s Delta variant has spread rapidly.

A few Republicans have sought to place blame for the disease’s ravages and economic dislocations on the widely respected Fauci himself.

Congresswoman Marjorie Taylor Greene has introduced the so-called Fire Fauci Act, calling for his salary to be reduced to zero and requiring the Senate to confirm a replacement. The bill is not expected to go anywhere.

Fauci was asked on CNN about T-shirts being sold by a political action group linked to Florida governor Ron DeSantis that say “Don’t Fauci My Florida.”

He appeared genuinely perplexed.

“Taking an individual who stands for public health, for truth… and to use my name in a derogatory way to prevent people from doing things that’s for the benefit of their own health, go figure that one out.

“That doesn’t make any sense at all,” he said, shaking his head.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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Latest News Today – Social Media Platforms Are ‘Killing People’ With

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US President Joe Biden on Friday criticised social media platforms like Facebook for spreading misinformation about the coronavirus and vaccines, as his administration has blamed them for stalling US vaccine rates.

Biden was asked by reporters at the White House on Friday afternoon what his message is to social media platforms on coronavirus misinformation.

“They’re killing people,” Biden said when asked by reporters what his message was to social media platforms like Facebook on the spread of false and misleading claims about the virus and the safety of vaccines that prevent it.

“I mean they really, look, the only pandemic we have is among the unvaccinated, and that’s -they’re killing people,” Biden said on the south lawn of the White House.

Biden’s comments on Friday afternoon echoed those of Centers for Disease Control and Prevention Director Rochelle Walensky, who warned earlier in the day that COVID-19 is “becoming a pandemic of the unvaccinated.”

“We are seeing outbreaks of cases in parts of the country that have a low vaccination coverage, because unvaccinated people are at risk,” Walensky told reporters during a public health briefing.

White House press secretary Jen Psaki during her daily press briefing said that Facebook was not doing enough to stop the spread of false information on the coronavirus.

Psaki added that the White House made a number of recommendations to Facebook and other platforms to address the spread of misinformation, including removing 12 people who she said were responsible for almost 65 percent of anti-vaccine misinformation on social media platforms.

This comes a day after US Surgeon General Vivek Murthy issued an advisory Thursday labelling health misinformation an “urgent threat” amid the Biden administration”s push to get more people vaccinated.

Murthy said that misinformation is among a range of reasons why some Americans are not getting vaccinated against COVID-19 despite vaccinations being widely available.

“Modern technology companies have enabled misinformation to poison our information environment with little accountability to their users,” Murthy said during an appearance in the White House briefing room on Thursday. “They’ve allowed people who intentionally spread misinformation — what we call ”disinformation” — to have extraordinary reach.”

The White House is asking Facebook and other social media companies to be more aggressive in removing “harmful” posts that spread disinformation and flagging posts that spread information, according to White House press secretary Jen Psaki.

“We are regularly making sure social media platforms are aware of the latest narratives dangerous to public health that we and many other Americans are seeing across all of the social and traditional media and we work to engage with them to better understand the enforcement of social media platform policies,” Psaki told reporters Friday.


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Virgin Galactic, PepsiCo, JPMorgan Chase, Goldman Sachs: What to | Sidnaz Blog

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Here’s what we’re watching ahead of the opening bell on Tuesday.

  • U.S. stock futures wavered, suggesting indexes would hover close to their record levels as investors awaited inflation data and earnings from the nation’s biggest banks.
  • Futures tied to the S&P 500 were relatively flat after the broad index climbed to its 39th record closing levels of the year. Dow Jones Industrial Average futures weakened 0.1%, while Nasdaq-100 futures were up 0.3%.
What’s Coming Up
Market Moves to Watch

JPMorgan Chase kicked off earnings season for big banks on Tuesday.



Photo:

Mark Kauzlarich/Bloomberg News

  • Conagra Brands


    CAG -0.53%

    declined 3.2% after reporting a fall in sales and cutting its expectations for profit next year, saying that it expects increased inflation to hit its bottom line.

  • PepsiCo


    PEP 0.02%

    shares added some fizz, rising 1.5% premarket after the food-and-beverage giant reported earnings and lifted its full-year guidance.

  • Tesla


    TSLA 4.38%

    edged up 1% in premarket trading, rising for the fourth consecutive day. CEO Elon Musk was in court on Monday to defend the purchase of SolarCity. He also said he doesn’t enjoy leading the automaker.

  • Boeing retreated 2.3%. The planemaker is facing production issues for the 787 Dreamliner, likely further delaying deliveries of the popular wide-body jets.
  • Some U.S.-listed Chinese companies are recouping recent losses, with search engine

    Baidu


    BIDU -0.53%

    adding 2.2%, e-commerce company

    JD.com


    JD -0.53%

    rising 1.5% and video-sharing firm

    Bilibili


    BILI 0.22%

    up 3.2%. Beijing said last week that it is probing tech companies’ data practices, prompting a tumble. But some of those worries may have eased after China’s top market watchdog approved

    Tencent’s


    TCEHY -3.36%

    plan to privatize search-engine affiliate

    Sogou.

  • Swedish telecom

    Ericsson

    ‘s U.S.-listed shares are up 3.5% ahead of the bell. Rating agency Moody’s issued a review of the company’s rating.

  • Meme stock

    AMC Entertainment

    slid 3.8% premarket. It has lost nearly 25% of its value this month so far.

Market Facts
  • The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all hit record closes on Monday—and in the S&P 500’s case, it was the 39th record close this year, beating the Dow’s 27 records and the Nasdaq’s 24. The broad index is ahead of the others in terms of gains this year too, with a nearly 17% rise.
  • European stocks have also been on the rise, with both the Stoxx Europe 600 and Germany’s DAX index notching record highs on Monday.
  • On this day in 1852, Wells, Fargo opened for business in San Francisco and Sacramento. It was founded by Henry Wells and William G. Fargo to convert gold dust into cash for miners, transport and safeguard letters, gold nuggets and other valuable byproducts of the California Gold Rush.
Chart of the Day
  • Global coffee prices are climbing and threatening to drive up costs at the breakfast table as the world’s biggest coffee producer, Brazil, faces one of its worst droughts in almost a century.
Must Reads Since You Went to Bed

Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Latest News Today – Pro-Trump Social Media App Gettr Hacked On Launch Day As

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Pro-Trump Social Media App Hacked On Launch Day As Half Million Sign Up

Social media app launched by Jason Miller, senior adviser to Ex-US President Trump, was hacked

Washington:

A social media site launched on Sunday by Jason Miller, a senior adviser to former U.S. President Donald Trump, was briefly hacked, and more than 500,000 people have registered to use the site, Miller said.

GETTR, a Twitter-style platform with posts and trending topics, has advertised itself on the Google and Apple app stores as “a non-bias social network for people all over the world.”

“The problem was detected and sealed in a matter of minutes, and all the intruder was able to accomplish was to change a few user names,” Miller said in an emailed statement to Reuters.

A writer for Salon posted screenshots on Twitter of several GETTR profiles, including those of former Secretary of State Mike Pompeo and Miller himself, that were altered to read “JubaBaghdad was here, follow me in twitter :)”.

Asked about security on the new social media said, Miller said the situation had been “rectified.”

Miller had teased the Trump team’s plans to start a new social media platform for months following moves by Twitter and other sites to block the former president after the Jan. 6 riot where his supporters stormed the Capitol.

Former Trump adviser Steve Bannon on Sunday described GETTR as “the Twitter killer” in a post on the new site.

Trump was permanently banned from Twitter and remains suspended by Facebook until at least 2023 and by Alphabet’s YouTube until the company determines the risk of violence has decreased.

Miller told Fox News earlier this week he hoped Trump would join but that the former president was considering a number of options. He said Trump was not funding the platform.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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Latest News Today – Google, Facebook to Face Negotiations With Media Group

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Australia’s competition watchdog said on Thursday it issued draft proposals to authorise regional newspaper industry group, Country Press Australia, to negotiate with Google and Facebook for payments for news content on their platforms.

Country Press Australia (CPA) is seeking authorisation to allow its members to hammer out a payments deal with Google and Facebook for use of news content on the tech platforms, the Australian Competition and Consumer Commission (ACCC) said.

CPA represents 81 news publishers that publish about 160 regional newspapers across the country.

“Allowing the publishers of 160 newspapers to collectively negotiate with Google and Facebook should help address some of the considerable bargaining power imbalance that exists between the digital giants and these local news outlets,” ACCC Chairman Rod Sims said in a statement.

The proposed authorisation, which would expire after 10 years, follows an interim authorisation granted by the ACCC to CPA in April to commence the negotiations.

Earlier this year, Australia passed a law that mandated the US tech giants to pay media companies for news content on their platforms.

© Thomson Reuters 2021


For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

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Latest News Today – Florida Social Media Law Likely Violates Free Speech,

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A federal judge on Wednesday blocked a recently-enacted Florida law that was meant to authorize the state to penalize social media companies when they ban political candidates, with the judge saying the law likely violated free speech rights.

US District Judge Robert Hinkle in Tallahassee issued a preliminary injunction blocking enforcement of the law, which was scheduled to go into effect Thursday.

“This order preliminarily enjoins enforcement of the parts of the legislation that are preempted or violate the First Amendment,” the judge said in the order filed in the United States District Court for the Northern District Of Florida.

“The plaintiffs are likely to prevail on the merits of their claim that these statutes violate the First Amendment,” Hinkle wrote. The First Amendment of the United States Constitution guarantees citizens the right to free speech.

Two tech trade groups had filed a lawsuit against Florida in May over the new law.

The lawsuit said the bill signed by Florida Governor Ron DeSantis, a Republican, in May was unconstitutional. It was filed by internet lobbying groups NetChoice and Computer & Communications Industry Association (CCIA). The groups’ members include Facebook, Twitter and Alphabet’s Google.

Florida was going to be the first state to regulate how social media companies moderated online speech. The new law would have made it easier for Florida’s attorney general and others in the state to sue the tech companies over claims that platforms have imposed content moderation on users unfairly or inconsistently.

The law was criticized by internet law experts as unconstitutional and as pre-empted by Section 230, a federal law that shields online companies from liability over content posted by users.

Former President Donald Trump, also a Republican, was blocked on Twitter, Facebook and YouTube after the platforms banned or suspended him over risks of further violence following the January 6 storming of the US Capitol by some of his supporters. The ban added to Republicans’ long-standing accusations that online platforms censor content due to anti-conservative bias.

© Thomson Reuters 2021


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Netflix Bets on Even Stranger Things | Sidnaz Blog

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A scene from the Netflix show ‘Sexy Beasts.’



Photo:

Netflix

Netflix


NFLX 1.04%

and romance have long been a match made in heaven, but now the streaming giant is taking things to another level.

Perhaps emboldened by the success of recent shows like “The Circle” and “Love Is Blind,” Netflix is now doubling down on dystopian reality dating. According to the trailer, released this week, the new concept will feature “real life singles,” sporting “elaborate makeup and prosthetics” and putting blind date chemistry to the test.

After reporting disappointing subscriber numbers for the first quarter, Netflix needs new alluring content. Analysts expect the streaming giant to add about 15 million subscribers in the second half of the year, nearly three times the number it is forecasting for the first half.

As if dating weren’t already hard enough, contestants on “Sexy Beasts” are expected to find love while looking like a panda or a mouse. The trailer features a suave alien in a bowling alley chatting to his date, an apparent cross between a dolphin and a platypus, stating that “personality, for me, is everything.” Others—especially a beaver who candidly describes his favorite physical feature—are at least honest.

If nothing else, viewers will be in it for catfights.

Write to Laura Forman at [email protected]

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