Twitter Just Shut Down Vine 4 Years, Amazon reports sales up 29% YoY

Global digital news - After buying Vine for $30 million Twitter shuts it down, Amazon released its Q3 2016 earnings report today, announcing $32.7 billion in sales for the quarter, and more

BMW The Escape Film starring Clive Owen: BMW USA has launched “BMW The Escape”, a new short film featuring Clive Owen, 15 years since the launch of The Hire. The original series of short films, released over two seasons from 2001 to 2002, starred Clive Owen as a mysterious driver hired to compete various missions. Clive appears again as the Driver in The Escape alongside Dakota Fanning, Jon Bernthal and Vera Farmiga in a film directed by Neill Blomkamp.

Amazon reports sales up 29% YoY, earning $32.7B in Q3 2016: Amazon released its Q3 2016 earnings report today, announcing $32.7 billion in sales for the quarter – a 29 percent year-over-year increase compared to the $25.4 billion it generated in Q3 2015. Among the highlights listed for the last three months, the e-commerce company referenced the expansion of Amazon Fresh – it’s online grocery delivery service; the launch of Handmade at Amazon in the UK, Germany, France, Italy and Spain; and the new version of its Echo Dot home assistant device, along with the launch of its Alexa, Echo, and Echo Dot devices in Germany and the UK.

Google parent Alphabet’s Q3 beats expectations with $22.5 billion in revenue: This afternoon Google parent Alphabet delivered a strong quarter, beating Wall Street’s revenue and earnings expectations. Revenues grew at 20 percent year over year. Net income was $6.3 billion. Total quarterly revenues were $22.25 billion (ad revenues were $19.8 billion), while so-called “other bets” generated $197 million (mostly Nest and Fiber). That was an increase vs. last year. There was also a smaller loss of $865 million on other bets compared to a year ago.

What advertisers should know from Twitter’s Q3 2016 earnings call: Twitter’s third-quarter earnings report and corresponding call with analysts on Thursday covered a lot of things you probably already knew about the company. Its ad revenue continues to grow, but slowly. Its monthly audience continues to grow, but slowly. It still hasn’t turned a profit. Its ads are getting more engagements, but it’s getting less money per engagement.

Twitter Just Shut Down Vine 4 Years After Buying It for $30 Million: It was four years ago this month when Twitter bought Vine for a reported $30 million, but now the relationship has fully withered. On a Medium blog post, Twitter revealed that it’s shutting down the looping video app in the coming weeks.

Twitter Is Cutting 9% of Its Global Workforce: Twitter is planning to lay off 9 percent of its global workforce, as the ailing San Francisco tech giant struggles to please Wall Street despite beating earnings expectations.

YouTube’s new End Screens designed to keep viewers tuned-in on mobile & desktop: YouTube rolled out End Screens yesterday, a new “mobile-friendly” feature for creators, designed to help them better engage their audience. The End Screens are thumbnail images that can be displayed during the last five to 20 seconds of a video, prompting viewers to watch another video, subscribe to a channel or visit a collaborator’s channel.

Facebook’s Trending Algorithm Can’t Stop Fake News, Computer Scientists Say: Facebook has placed a high-stakes — and, experts say, unwise — bet that an algorithm can play the lead role in stanching the flood of misinformation the powerful social network promotes to its users.