1. Facebook Share Price Hits All-Time High Of $75 After Hours Thanks To Strong Q2 Numbers: Facebook’s stock infamously took a nosedive in the months following its public debut in 2012 after analysts wondered if the social network was too overhyped in its IPO and employee share lockups expired. But those days now seem a distant memory. Read more here.

2. Facebook Says Messenger And Payments Will Eventually “Overlap” But Don’t Hold Your Breath: Facebook does plan to monetize Messenger through payments, but it’s going to take its time to do it right. Regarding Messenger, CEO Mark Zuckerberg said on today’s Q2 earnings call that “over time there will be some overlap between that and payments”. Read more here.

3. American Users Spend An Average Of 40 Minutes Per Day On Facebook: American Facebook users spend way more time on the social network than exercising. Mark Zuckerberg said today on Facebook’s Q2 earnings call that “people on Facebook in the US spend around 40 minutes each day using our service”, while the CDC recommends Americans exercise 21 minutes a day but only 20% of people meet that goal. Read more here.

4. Facebook Beats In Q2 With $2.91 Billion In Revenue, 62% Of Ad Revenue From Mobile, 1.32B Users: Facebook’s earnings beat projections for the 8th quarter straight with $2.91B in revenue and $0.42EPS in Q2 2014. The service is growing about twice as fast on mobile compared to its services as a whole. Read more here.

5. Reddit rolls out a new ‘Reddit Live’ reporting tool for breaking news submissions: Reddit launched a new feature today targeting users who want to keep others updated on a breaking news topics in real-time. Read more here.

6. Mobile game developer Social Point raises $30M to go to Asia: Gamers rejoice! Social Point, mobile game developer, just landed $30 million in funding to build additional games and expand into the Asian market. Read more here.

7. Facebook now has 399 million users who login only from mobile devices: Facebook revealed in its second-quarter earnings today that it has 399 million mobile-only monthly active users (MAUs). That’s about 30 percent of its active user base of 1.3 billion. Read more here.

8. Twitter releases its first diversity report, admitting it has ‘a lot of work to do’: Like the rest of tech sector, Twitter has released its diversity report. Also like the rest of the sector, it’s a largely white, male dominated company. Read more here.

Prasant Naidu

Founder and Blogger at Lighthouse Insights.

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