Feb 9, 2018

Twitter and Snap's success could be bad news for publishers

Photo: StudioEAST / Getty Images

"Nearly all the social media and online advertising companies posted strong fourth quarter earnings in the last week," writes The Information's Tom Dotan.

Why it matters: "It raises the likelihood that the reason for the tough quarter for publishers was that Twitter and Snap sucked up much of the remaining oxygen that Facebook and Google hadn’t already consumed."

  • "While it’s no surprise that Facebook and Google did well, Snap and Twitter [which made money for the first time ever] both outperformed on revenue, which sent their stocks soaring."
  • "[M]any online [news] publishing executives have told me that the fourth quarter was incredibly tough for them as they struggled to bring in ad revenue."
  • Be smart: "While that’s good ... news for the smaller social media companies it’s a concerning trend for [publishers' already treacherous] ad business."

P.S. An encouraging publishing story ... New York Times Co. subscription revenue passed $1 billion last year, the paper reports: "Subscription revenue [more stable than ads] now accounts for 60 percent of the company’s total revenue."

Go deeper

Police officer in George Floyd killing arrested

A protester with a sign with George Floyd's last words. Photo: Stephen Maturen/Getty Images

Derek Chauvin, the Minneapolis police officer involved in the killing of George Floyd, was taken into custody Friday by Minnesota's Bureau of Criminal Apprehension, according to the Star Tribune's Briana Bierschbach.

The state of play: Minnesota Department of Public Safety Commissioner John Harrington said that there was no additional charging information yet, as that decision is in the jurisdiction of the Hennepin County Attorney's Office.

This is a breaking news story and will be updated.

Trump forces fateful choices on Twitter and Facebook

Illustration: Sarah Grillo/Axios

President Trump's war with Twitter is confronting social media platforms with a hard dilemma: whether to take fuller responsibility for what people say on their services, or to step back and assume a more quasi-governmental role.

The big picture: Facebook is trying to be more like a government committing to impartiality and protecting free speech and building mechanisms for arbitration. Twitter, pushed by Trump's inflammatory messages, is opting to more aggressively enforce conduct rules on its private property, like a mall owner enforcing rules inside the gates.

Updated 46 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 1 p.m. ET: 5,851,494 — Total deaths: 362,238 — Total recoveries — 2,445,181Map.
  2. U.S.: Total confirmed cases as of 1 p.m. ET: 1,729,185 — Total deaths: 101,706 — Total recoveries: 399,991 — Total tested: 15,646,041Map.
  3. 2020: North Carolina asks RNC if convention will honor Trump's wish for no masks or social distancing.
  4. Public health: Hydroxychloroquine prescription fills exploded in March —How the U.S. might distribute a vaccine.
  5. Transportation: National mobility keeps rising as more states reopen economies.
  6. 🎧 Podcast: Saying goodbye to U.S. megacities.