Techcrunch blog!: Daily Crunch - Twitter revenue disappoints

Thursday, October 24, 2019 • By Anthony Ha

Happy Thursday

Twitter reports a big revenue miss, Mark Zuckerberg defends Facebook’s plans for Libra and we’ve got the full agenda for Disrupt Berlin. Here’s your Daily Crunch for October 24, 2019.

Twitter Q3 misses big on revenues of $824M and EPS of $0.05 on the back of adtech glitches

Twitter said the huge drop in performance "was impacted by revenue product issues, which we believe reduced year-over-year growth by approximately 3 or more percentage points, and greater-than-expected seasonality.”

The company has made a significant shift in the last year to tracking a new user metric of its own making — monetizable daily active users, which is the number of users who are being served ads. More established metrics like daily and monthly active users have stagnated and even declined in recent years.

Webinar: Bringing automation to the forefront of drug development

Lowlights from Zuckerberg's Libra testimony in Congress

"I don't control Libra" was the central theme of Facebook CEO Mark Zuckerberg's testimony yesterday, while the House of Representatives unleashed critiques of his approach to cryptocurrency, privacy, encryption and running a giant corporation.

Announcing the Disrupt Berlin 2019 agenda

Disrupt Berlin will run on December 11 and December 12, when we'll sit down with CEOs from big-name companies such as Away, UIPath and Naspers, as well as leading investors from Atomico, SoftBank and GV. (Tickets are available here.)

By tweeting from a SCIF, House lawmakers put national security at risk

If you thought storming into a highly secured government facility with your electronics but without permission was a smart idea, you'd be wrong. But that didn't stop Rep. Matt Gaetz and close to three-dozen of his Republican colleagues from doing exactly that.