Do Not Read Until Monday – June 26
Every week, we collect the top stories in tech and advertising – so you don’t have to! Simply enjoy your weekend and do not read until Monday!
This Week In Snapchat Vs. The World: I Cannes Haz More Snap Shows?
Snap started its week off by erecting a giant Ferris Wheel at Cannes and inking a two-year, $100 million content and ads deal with Time Warner. The announcement sent stock prices soaring, and put Snap on course to deliver on its goal of broadcasting two to three shows daily by the end of 2017. So far, so good.
But, speaking of 100 million: That’s about how many more daily active users Instagram Stories has than Snapchat. In total, the Facebook-owned property has 250 million DAU, and IG chose to announce these self-reported figures the day after the Time Warner deal. Ouch.
Luckily, Snap had Snap Maps – a fun new way to stalk connect with friends – up its sleeve. This feature, which is reached by pinching in on Snap’s camera screen, shows a map with popular events and your friends’ locations as represented by their Bitmoji. Unless they refuse to use Bitmoji, in which case they look kind of like the mascot from Community.
Who ripped them off? Pinterest, which launched a Snap-esque Lens redesign.
The Verdict: Though not out of the woods yet, a bit of stability, innovation and returning confidence gives Snap a W for the week.
Hey, the CEO of Uber, who somehow hadn’t resigned yet, resigned
Following months of executive departures, allegations of a toxic corporate culture, and stealing trade secrets, the scandals have finally caught up with Uber CEO Travis Kalanick, who resigned his post June 21. Long the leader in ride-hailing/lift-sharing/whatever, Uber’s position – and perception – has deteriorated steadily as each week seems to reveal a new PR crisis.
For example, this week, the company admitted that Kalanick knew Anthony Levandowski, who formerly headed up Uber’s self-driving division, had files from his time at Google in his possession as he joined the company.
Uber didn’t immediately announce who’d be taking the reins, but there’s been some indication that Arianna Huffington, who joined Uber’s board in 2016, has been gaining sway. Some have suggested Sheryl Sandberg or Marissa Mayer. Others (a group of employees) rallied behind Kalanick. One thing’s for certain: They’ll have their work cut out for them.
P.S. You can tip in Uber now. So you probably should.
Video Killed The … News Cycle This Week
Lots of announcements concerning video this week from most of the major players:
YouTube: Social’s somewhat silent star announced it reaches over 1.5 billion people every month or, as CNet points out, 20 percent of the Earth’s population. YouTube also claimed its users spend over one hour a day viewing mobile video alone.
YouTube has stayed ahead by innovating in the space, and this time it’s trying to lure creatives with a new entry-point for VR: VR180. It’s a kind-of VR-lite for creatives who don’t want to sink money into new equipment and produces content suitable for users without complex headsets as well as those who enjoy Lawnmower Man cosplay.
Twitter: Periscope, Twitter’s livestreaming property, rolled out new features to monetize videos this week. But it’s like… super confusing.
Super Hearts are a flashier way to ‘like’ a stream, and users can buy them by purchasing coins. The Super Hearts can then be sent to content producers, where they are converted to ‘Stars’, which can then be converted to IRL coinage.
It’s currently unclear when Periscope plans to add yellow moons, green clovers or horseshoes.
Twitch: People watching live streams of leagues where people play video games head-to-head are a thing. A big thing. (It’s called eSports, which I feel is kind of wrong.) Twitch just secured rights to a number of top properties in this area.
China: Banned livestreaming.
- June 23, 2017