R.I.P. HipChat and Stride. It's The Daily Crunch.

THE DAILY CRUNCH FRIDAY, JULY 27 2018 By Anthony Ha Slack buys HipChat, Twitter loses users and LinkedIn adds voice messaging. Here's your Daily Crunch for July 27, 2018. 1. Slack is buying, and shutting down, HipChat and Stride Slack CEO Stewart Butterfield said on Twitter that his company is purchasing the IP for both HipChat and Stride from Atlassian, in order to "better support those users who choose to migrate" to Slack. If your company or team uses HipChat or Stride, it sounds like you've got until February 15, 2019 to switch to over to Slack or another platform. 2. Twitter posts record $100M profit but loses 1M users Twitter has increased its efforts to find and suspend fake accounts, but the company said that it didn't expect these moves to impact users numbers this quarter. Sponsored By: Disrupt SF 2018 Get Your Startup In Front Of 10,000 People Book your Startup Alley package at Disrupt SF and get 3 passes to the conference (that's 1 extra than normal!). Disrupt SF will bring together 10,000 innovators from around the world for 3 full days of startups and tech news. Book your package today and get your startup noticed by today's leading investors. Learn More… 3. LinkedIn adds voice messaging because we've definitely been clamoring for that Narrator: We haven't been clamoring for it. 4. WeWork China raises $500M to triple the number of cities it covers The company entered China two years ago and today it covers Beijing, Shanghai and Chengdu with nearly 40 locations. It says it has 20,000 members, and it's also active in Hong Kong (which technically falls under "Greater China"). 5. Nintendo's new Labo Vehicle Kit looks like a buggy full of fun TechCrunch's Devin Coldewey says this isn't just a bargain — it might be "the most humongous" bargain of all time. (Look, he said it, not me!) 6. Facebook also removes 4 Infowars videos, including one it previously cleared Infowars and its owner Alex Jones are notorious conspiracy peddlers, and this comes days after YouTube did something similar. 7. Amazon's AWS continues to lead its performance highlights Looking at year-over-year performance over the last six months, Amazon Web Services revenue grew 49 percent. It's now on a run rate that's well north of $10 billion annually. Get more stories at techcrunch.com  Newest Jobs From CrunchBoard: Tech Lead - Java at N26 (New York, NY, USA) Senior Software Engineer at N26 (New York, NY, USA) IT Engineer II - Business Intelligence & Data Analytics at City of Mesa (Mesa, AZ, USA) Senior DevOps Engineer at Elinvar (Berlijn, Duitsland) FPGA Designer/Concepteur de FPGA at Haivision Network Video (Montreal, QC, Canada) SEE MORE JOBS ON CRUNCHBOARD Post your tech jobs and reach millions of TechCrunch readers for only $200 per month View this email online in your browser If you do not want to receive this email or you would like to update your preferences click here. 410 Townsend Street, San Francisco, CA 94107 © 2018 Oath Tech Network. All rights reserved.   TechCrunch is now a part of Oath and a part of Verizon. On May 25th 2018 we will be introducing a new unified Oath Terms of Service and Privacy Policy which will explain how your data is used and shared. Learn More.

                                                           

Facebook stock tumbles. It's The Daily Crunch.

THE DAILY CRUNCH THURSDAY, JULY 26 2018 By Anthony Ha Facebook takes a financial hit over slowing growth, a new study looks at the Trump Administration and H-1B visas, and Tommy Hilfiger announces a smart clothing line. Here's your Daily Crunch for July 26, 2018. 1. Facebook officially loses $123 billion in value When it comes to market capitalization, Facebook was worth $629.6 billion yesterday. When trading opened this morning, it was worth $506.2 billion. In other words, the company has lost $123.4 billion in value overnight. The reason for the drop was slowing user growth — the company barely has more daily active users than last quarter, and in Europe, Facebook's user base actually shrank. 2. Indian H-1B applicants face particular scrutiny in Trump's work visa crackdown A new report from the National Foundation for American Policy sheds light on how the "Buy American and Hire American" executive order from April 2017 has impacted H-1B applicants in the last year. Sponsored By: Disrupt SF 2018 Get Your Startup In Front Of 10,000 People Book your Startup Alley package at Disrupt SF and get 3 passes to the conference (that's 1 extra than normal!). Disrupt SF will bring together 10,000 innovators from around the world for 3 full days of startups and tech news. Book your package today and get your startup noticed by today's leading investors. Learn More… 3. Tommy Hilfiger has launched a ridiculous line of smart clothing that rewards you for wearing it Tommy Jeans Xplore comes with smart-chip embedded technology. The goal is not to offer access to calls, texts, maps and music controls when you can't get to your phone. Instead, Hilfiger's smart clothing aims to reward you with points for wearing Hilfiger clothing. 4. Spotify hits 180M users but loses €394M in tepid Q2 earnings Spotify is racing to sign up users before Apple Music can, even at the expense of its finances. According to its second quarter earnings report, it reached 83 million paid subscribers, up 40 percent year-over-year. 5. YouTube punishes Alex Jones' channel for breaking policies against hate speech and child endangerment Google confirmed it has issued a strike against Infowars founder Alex Jones' YouTube channel for breaking the video platform's policies against child endangerment and hate speech. Four videos were also removed. 6. Twitter 'shadow banning' is Trump's latest social media cause The president's latest Twitter target is Twitter itself. 7. Enterprise barcode scanner startup Scandit raises a $30 million Series B "Augmented reality for enterprise" is the sort of phrase that surely hits all of the right neurological pleasure centers for VCs. Get more stories at techcrunch.com  Newest Jobs From CrunchBoard: Senior Software Architect at University of New Mexico (Albuquerque, NM, USA) Product Manager at Scholly, Inc (Los Angeles, CA, USA) Director of Operations at Scholly, Inc (Los Angeles, CA, USA) Java / C# Programmers Wanted! at TechEmpower, Inc (Los Angeles, CA, United States) CMO / Head of Consumer Growth and Engagement at BookBub (Cambridge, MA, USA) SEE MORE JOBS ON CRUNCHBOARD Post your tech jobs and reach millions of TechCrunch readers for only $200 per month View this email online in your browser If you do not want to receive this email or you would like to update your preferences click here. 410 Townsend Street, San Francisco, CA 94107 © 2018 Oath Tech Network. All rights reserved.   TechCrunch is now a part of Oath and a part of Verizon. On May 25th 2018 we will be introducing a new unified Oath Terms of Service and Privacy Policy which will explain how your data is used and shared. Learn More.