Tag Archive for revenue

Facebook will start taking a cut of fan subscriptions in 2020

Facebook will take a cut of up to 30% on fan subscriptions, beginning on January 1, 2020.

The social network is revealing its plans as part of a broader slate of monetization-related announcements this week at VidCon. The news confirms a TechCrunch report earlier this year that Facebook would be taking a 30% share of subscription revenue.

Facebook first started rolling out fan subscriptions in early 2018, allowing creators to charge their fans $4.99 per month in exchange for access to…

Facebook reportedly gets a $5 billion slap on the wrist from the FTC

The U.S. Federal Trade Commission has reportedly agreed to end its latest probe into Facebook‘s privacy problems with a $5 billion payout.

According to The Wall Street Journal, the 3-2, party-line vote by FTC commissioners was carried by the Republican majority and will be moved to the Justice Department’s civil division to be finalized.

A $5 billion payout seems like a significant sum, but Facebook had already set aside $3 billion to cover the cost of the settlement and the company…

Spark Networks SE closes its $258M acquisition of dating brand Zoosk

Berlin-based Spark Networks, the owner of niche dating app brands like Christian Mingle, Jdate, LDSsingles, Silver Singles, JSwipe and others, today announced it has acquired Match.com competitor Zoosk for a combination of cash and stock. The deal values Zoosk at approximately $258 million.

Spark says it will issue 12,980,000 American Depositary Shares (ADS) to former Zoosk shareholders valued at $153 million based on the closing price of Spark ADS of $11.78 on June 28, 2019. The deal also…

Spark Networks SE closes its $258M acquisition of dating brand Zoosk

Berlin-based Spark Networks, the owner of niche dating app brands like Christian Mingle, Jdate, LDSsingles, Silver Singles, JSwipe and others, today announced it has acquired Match.com competitor Zoosk for a combination of cash and stock. The deal values Zoosk at approximately $258 million.

Spark says it will issue 12,980,000 American Depositary Shares (ADS) to former Zoosk shareholders valued at $153 million based on the closing price of Spark ADS of $11.78 on June 28, 2019. The deal also…

Daily Crunch: Facebook is still growing

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here.

1. Facebook reserves $3B for FTC fine, but keeps growing with 2.38B users in Q1

A massive penalty hangs over Facebook’s head, but it otherwise had a very strong Q1 earnings report. The company reached 2.38 billion monthly users, up 2.5 percent from the previous quarter, and it pulled in $15.08…

Daily Crunch: Facebook is still growing

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here.

1. Facebook reserves $3B for FTC fine, but keeps growing with 2.38B users in Q1

A massive penalty hangs over Facebook’s head, but it otherwise had a very strong Q1 earnings report. The company reached 2.38 billion monthly users, up 2.5 percent from the previous quarter, and it pulled in $15.08…

Daily Crunch: Facebook is still growing

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here.

1. Facebook reserves $3B for FTC fine, but keeps growing with 2.38B users in Q1

A massive penalty hangs over Facebook’s head, but it otherwise had a very strong Q1 earnings report. The company reached 2.38 billion monthly users, up 2.5 percent from the previous quarter, and it pulled in $15.08…

Daily Crunch: Facebook is still growing

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here.

1. Facebook reserves $3B for FTC fine, but keeps growing with 2.38B users in Q1

A massive penalty hangs over Facebook’s head, but it otherwise had a very strong Q1 earnings report. The company reached 2.38 billion monthly users, up 2.5 percent from the previous quarter, and it pulled in $15.08…

Microsoft joins Amazon and Apple in $1 trillion club

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Microsoft is now part of an exclusive club: $1 trillion dollar companies. 

On Thursday, the company’s stock price opened at $130 per share, bringing its total market cap (the price of all of its shares combined) to over $1 trillion. It’s the third company to achieve this somewhat mind-bending milestone, following Apple, which hit the mark in August 2018, and Amazon, which earned that valuation in September 2018.

Snapchat revives growth in Q1 beat with 190M users

Snapchat appears to have turned the corner after a year of flat or negative user growth thanks to a strong Q1 2019 earnings report. It reached 190 million daily active users, up 2 percent from 186 million in Q4 2018 when it plateaued, but still down from 191 million a year ago. Snap added as many users in Q1 as in the past five quarters combined in part thanks to its newly reengineered Android app. Snap saw $320 million in revenue and -$0.10 non-GAAP EPS, beating Zack’s consensus estimates…