26 July 2018

How to Supercharge Your Email Marketing With Constant Contact


constant-contact-featured

Businesses in the 21st century need to make the most of email to survive. After all, there’s no easier way to reach hundreds or even thousands of people with comparatively little effort.

This guide is available to download as a free PDF. Download How to Supercharge Your Email Marketing With Constant Contact now. Feel free to copy and share this with your friends and family.

But email marketing isn’t easy to get right. You might spend too much time coming up with campaigns, or have no idea how effective your marketing is.

There’s a better way, and Constant Contact can deliver it. Let’s take a look at how this tool can supercharge your company’s email marketing.

What Is Constant Contact?

Constant Contact makes email marketing simple. It starts with simple but professional templates made easier with drag and drop functionality. But that’s just the beginning—the app allows you to upload your email lists and sorts through unsubscribes and inactive accounts on its own.

Depending on your plan, you’ll also enjoy the ability to automatically send messages for birthdays and similar yearly milestones. Real-time tracking tools let you see how effective campaigns are without guessing, and additional features like A/B testing, social media integration, and much more make it a well-rounded package.

Let’s dive into using Constant Contact and see everything it’s capable of.

Getting Started With Constant Contact

Head to the Constant Contact free signup page to get started. You can give the full service a try for 60 days with no credit card sign-up required. Just create an account with your email address, name, and organization.

Once you verify your account through an email sent to you, you’re ready to get started. You’ll see Constant Contact’s main screen, with quick links to its most important features:

01-Constant-Contact-Home-Screen

Click Create a new email to jump right into your first campaign. You can also open the Campaigns tab and click Create to start a new one anytime.

Adding Contacts

Before you send an email campaign, you’ll want to upload your contacts so you have someone to send it to! Click the Contacts tab on the top bar to get started.

On this page, you’ll see your current contacts library and a yellow Add Contacts button. Clicking this gives you several ways to upload new ones. You can enter single contacts or paste in a list of email addresses if you only have a few.

It’s more efficient to use the Import options to automatically add your contacts from Gmail, Outlook, or other apps. If you don’t want to do this, you can upload a file with your contacts in CSV, XLS, TXT, or similar file formats.

02-Constant-Contact-Add-New-Contacts

Managing Contacts

Once you have a library of contacts, you’ll want to organize them into Email Lists. These allow you to target specific groups. For instance, you might have a Family list, a Single list, and other similar groups to divide people by type.

When you create contacts, you must add them to at least one list. You can use General Interest as a catch-all to start, but it’s a good idea to master using lists to keep better track of your contacts. Every campaign goes to at least one list, so make sure you’ve set one up properly beforehand.

Aside from lists, you can also use Tags. These allow you to keep track of different attributes of your contacts outside of lists. For example, you might use tags to keep track of people who live in certain states. Or you could create an Executive tag so you could filter decision-making people across companies easily.

03-Constant-Contact-Tags

Creating an Email Campaign

First, you’ll see an offer to create a personalized email template based on your website’s theme. Just enter its URL here to try it, or click No thanks below to use a standard template instead.

After a few moments, Constant Contact will pull your website colors, logo, and even your social media pages from your site. You’ll see a few basic templates for different purposes, including products/services, featured articles, or a single headline.

Choose Select underneath one to customize it, or Preview for a sample on both desktop and mobile. Click View all templates at the bottom of the page to see more options.

04-Constant-Contact-Website-Templates

From here, you can get started using Constant Contact’s straightforward yet powerful editor.

Editing an Email Template

You can make attractive email campaigns right inside the editor. As you add elements, the existing content will automatically make room for it. And if you add something at the bottom, the email expands accordingly.

On the left side, you’ll see three tabs: Build, Images, and Design. Build lets you drag and drop to add new elements, which we’ll discuss below. Images is where you’ll upload new images and access your photo library. And the Design tab lets you change background colors, font and font properties, colors, and more.

05-Constant-Contact-Build-Images-Design-Tabs

Finally, you’ll find Save and Undo/Redo buttons at the top. Click Preview to see how your campaign looks. When you’re satisfied, choose Continue.

Here’s an overview of each of these functions:

Image

Drag and drop an Image button to, unsurprisingly, add a new picture to your email. As you hover over a spot, you’ll see a purple marker to show its potential place. Once you drop the image card in, you’ll see a placeholder image.

Click that placeholder and choose Edit to pick the actual image that goes there. You can add an image from your library, upload new images, add an image from a URL, or even choose from a selection of free stock images.

06-Constant-Contact-New-Images

Select the Edit button on any image to add a variety of effects like meme text, basic enhancements, teeth whitening, text overlays, and much more. Click Insert when you’re all done.

07-Constant-Contact-Photo-Editor

Click an existing image on the page to replace it, change its alignment, modify what it links to, toggle padding, or remove it. You can also resize it with the arrow icon in the bottom-right corner.

08-Constant-Contact-Moving-Images

Text

This one is simple–it lets you add a text box to your campaign. Dropping one will add some placeholder text, which you can then click to edit. Inside the box, you’ll also see a toolbar for changing font options, alignment, what the text links to, and more.

Like other elements, you can drag the text around anytime to move it. Deleting text will automatically shrink the box.

09-Constant-Contact-Text-Box

Button

Use this to add a focused button to your email. This comes in handy for linking to your website or other resources, as it commands more attention than an in-text link. Like a text box, you can change the button text’s properties, as well as the button color. Make sure you link to the proper URL!

10-Constant-Contact-Add-Button

Divider and Spacer

A basic tool for breaking up the content of your email, the Divider option adds a simple line. You can change its thickness, length, padding, and whether it’s dashed or dotted.

11-Constant-Contact-Divider

Similar to the divider, the Spacer lets you add some blank space. You can also control how much space you add with this tool.

More Building Tools

Under the More option, you’ll find three additional options for adding content.

The Social tool lets you add social media buttons for Facebook, Twitter, YouTube, and more. You can choose from a variety of styles and even swap between social links for your company, and links that will share your campaign on readers’ social pages.

12-Constant-Contact-Social-Button-Options

Use the Video button to pull in a video from YouTube, Vimeo, or other popular video services. Just drag a card to where you’d like, then click it and choose Edit. Paste the video URL and choose Insert to save it.

13-Constant-Contact-Insert-Video

Read More is similar. This lets you add an excerpt to an article anywhere on the web with a featured image and snippet.

Action Blocks and Layouts

In the Action Blocks section, you’ll find four items that require Constant Contact’s Plus plan (more on that later).

Shopify lets you create a widget in your email to your online store. Use RSVP to get a head count for an event. Poll your readers on whether they liked the email or any other questions. And set up Donations for ongoing campaigns.

14-Constant-Contact-RSVP-Action-Blocks

Under the Layouts block, you’ll find several ready-made templates to drag and drop. These include featured article snippets, side-by-side images, discount coupons, and similar. Use them to easily add content in an attractive way.

15-Constant-Contact-Layouts

Design Tab

Use the Design tab to change everything else in your message. Choose an Outer Background color and you can even select a pattern. This also lets you change the font options for the entire message, as well as colors.

16-Constant-Contact-Design-Tab

Other Editing Tools

Click in the box at the top of the page to give your campaign a proper name. Select the From/Reply information above your message to change the From name and email, subject line, and preheader.

17-Constant-Contact-Campaign-Info

Also, click anywhere in the area below your email to add the address of your organization to the footer.

Sending Your Email Campaign

Now it’s time to send out your email. If you didn’t change it on the last page, you’ll want to give your campaign a name at the top. Next, select which of your email lists the message should go to.

In the Campaign Info section, you can set the subject and From Name. Below this, make sure you specify your Physical Address. This is required for many anti-spam laws and helps prove you are a legitimate business. If you have the Plus plan, you can schedule the email to send at a later time and even follow up with users who don’t open it.

Otherwise, you’ll have to send the message now. Click Send Now to get your first campaign out!

18-Constant-Contact-Send-Campaign

Reader Options

At the bottom of every message from Constant Contact, the reader has an Unsubscribe option. This is a simple, one-click affair that doesn’t try to trick the user or waste their time. After unsubscribing, they’ll see a brief poll asking them why they’ve done so. There are no annoying pleas to continue or “waiting periods” to worry about.

When someone unsubscribes, you’ll know they’ve done so through the reporting functions.

Campaign Status and Reporting

Once you send a campaign, you’ll want to know how successful it is. Constant Contact makes it easy to see how many people are opening and interacting with your emails at a glance.

For overall stats, click the Reporting tab at the top. Here you’ll see the subject lines that your audience engaged with the most, as well as whether people are opening on mobile devices or desktops.

Below this, you’ll find trends with various stats like Open Rate, Click Rate, and Bounces. These show how effective your campaigns have been over time. And at the bottom of the page, there’s a spreadsheet with numbers and rates for who clicked through, bounced, and unsubscribed.

19-Constant-Contact-Email-Reporting

You can also view these by opening a campaign from the Campaigns tab. It will include open and click rates, number of people who didn’t open it, and how many people unsubscribed, or marked the message as spam.

Image Library

20-Constant-Contact-Image-Library

On the Library tab, you’ll see all the images you’ve added to your account. Here you can view images, edit them, sort them into folders, or change their names and alt text. Click the Upload To Library button to add new images.

Options include My Computer, Social Networks, and a selection of free Stock Images. You can also subscribe to a premium stock image service if needed.

Using the Artworktool option, you can create digital artwork images yourself.

Integrations

21-Constant-Contact-Integrations

Constant Contact integrates with several other online services for your convenience. You’ll find them all on the Integrations page.

These include Google, Office 365, Quickbooks, Salesforce, and Outlook for importing contacts. As mentioned earlier, you can also connect your Shopify shop. The service also works with WordPress and Facebook to create sign-up forms, a feature available on the Plus plan.

Help and Support

Constant Contact includes great features when you’re having an issue. Click the Help tab in the upper-right anytime to search the knowledge base for helpful tips. You’ll find everything from step-by-step guides to practical pieces on how to craft a subject line or when the best time to send an email is.

22-Constant-Contact-Help

When the support team is online, you’ll see a Let’s chat bubble in the bottom-right. You can use this to connect with someone quickly. For other needs, choose Contact us from the Help drop-down to call Constant Contact, access the Twitter account, or ask the community something.

Plans and Pricing

After your free trial, you’ll need to choose one of Constant Contact’s two plans. Check the Pricing page to view them.

The Email plan, which has all the features described above, is the standard choice. It includes 1GB of file storage and one user account. You’ll also have access to support from real people and a library of learning resources.

Constant Contact’s pricing plans are based on how many email contacts you have. This starts at $20/month for a list size of up to 500 contacts and goes up to $335/month if you have between 35,001 and 50,000 contacts.

23-Constant-Contact-Plans

If you upgrade to the Email Plus plan, you’ll get everything in the Email plan and then some. This includes dynamic forms, 2GB of file storage, and up to 10 users on the account.

The Plus plan also packs in Email Automation, which sends automatic messages for events like birthdays and anniversaries to your contacts. We mentioned some of the other Plus-only features above, such as adding donations, surveys, and coupons into your campaigns.

Email Plus starts at $45/month for up to 500 contacts. With more than 10,000 contacts, this plan actually costs the same as the Email plan.

On either plan at any tier, you can prepay for six months and get a 10% discount. Or prepay for a year and get 15% off. Verified nonprofits receive double this discount.

No matter your plan, there’s no commitment so you can cancel anytime with no hidden fees. The company also offers a 30-day money back guarantee if you find the service isn’t for you.

Try Constant Contact for Free Today

We’ve taken an overview of Constant Contact and seen how it can really boost your email marketing. It takes care of every aspect; from campaign creation to crafting the perfect email template, along with sending your email and keeping track of the results, it’s all here.

Whether you want to A/B test subject lines and use lots integrations to better serve tens of thousands of readers or you are a small business who wants to get email marketing out of the way, Constant Contact is a great tool for the job.

Try Constant Contact free for 60 days and see if it’s right for your business.

Read the full article: How to Supercharge Your Email Marketing With Constant Contact


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Is a Truly Decentralized Internet Possible? How It Could Work With Blockchain


internet-better-place

The internet is one of the greatest decentralized systems ever made. At least, that’s what people used to say.

These days, the internet is dominated by giant tech companies, internet service providers, and big businesses. They’ve become gatekeepers who have allowed the internet to become a global surveillance tool.

Blockchain’s recent success has put decentralization back on the menu. But is a truly decentralized internet possible? What does decentralization mean, and how would it keep you safe?

Blockchain and the Internet’s Decentralization

The internet—a collection of connected computers—is a system with no owners. There is no one company that “owns” the internet, and this accounts for its explosive growth over the past two decades. With no proprietary mechanism underpinning it, anyone can go online and create content.

At least, such was the case in the early days of the internet.

Mozilla Internet Health Report Screenshot

According to Mozilla’s Internet Health Report 2018, Google accounts for 90 percent of global searches across all devices. Google’s Android smartphones and Chrome web browser are also among the most popular in the world.

Google’s global dominance means that, for many people, Google is the internet. They interact with Google services, through Google devices, accessing Google’s cloud servers.

While Google is dominant in some areas, others are controlled by equally powerful companies. Amazon Web Services accounts for 34 percent of all cloud storage. Facebook is the dominant social networking company with over 4 billion users across Facebook, Instagram, and WhatsApp.

Amazon’s business practices, Facebook’s never-ending privacy scandals, and Google’s foray into military contracts have seen each firm face growing user backlash.

Bitcoin exploded into public consciousness in 2017. Because of its meteoric rise and inevitable crash, it created a lot of interest in the underlying technology: blockchain.

The blockchain, as proposed by Bitcoin creator Satoshi Nakamoto, is a decentralized, public ledger. The records for every transaction made with Bitcoin are written into the blockchain and shared across the entire network. No single entity can control the blockchain, and it allows for innovations like decentralized apps.

Activists and developers have begun proposing inventive ways to regain collective control of the internet, in what has become known as the redecentralize movement.

Decentralizing Surveillance

The domain name system (DNS) is like the phone book of the internet, translating numerical IP addresses into easy-to-remember URLs. But it’s a centralized process that’s vulnerable to surveillance and censorship.

One of the largest DNS servers is operated by Google. ISPs also maintain many DNS servers. Whenever you enter a website URL into your browser, it’s sent to a DNS server for lookup. Your ISP, or Google, then stores a log of your request, including your IP address and the website you’re visiting.

If the DNS server operator decides that you shouldn’t visit a website, they can block it right then and there. Governments and companies can exploit this centralized system (operated by only a handful of companies) for censorship.

The Great Firewall of China even uses DNS censorship to dictate which sites Chinese citizens can and can’t visit.

Namecoin is a decentralized cryptocurrency that stores data on the blockchain to create an alternative DNS. Instead of URLs that end in commonly used domains like .com or .net, Namecoin uses .bit as the top-level domain. The addresses are stored in the blockchain so that everybody has access to the same set of addresses.

DNS poisoning—changing the IP address of a URL in the DNS—is commonly used by criminals (to divert you to malicious websites) and by governments (to prevent you accessing specific sites).

However, as the blockchain is both public and permanent, it’s not possible for DNS poisoning to take place. Privacy concerns are also laid to rest as the lookup is done locally on your computer, creating no network logs of your DNS request.

Reclaiming Internet Privacy

Although blockchain is currently one of the most popular methods of decentralization, it’s not the only one.

Social networking websites are often seen as one of the most significant threats to privacy. Despite these concerns, people are reluctant to give them up entirely as online social networking has made it easier than ever to stay in touch. Fortunately, privacy-friendly decentralized alternatives are starting to become available.

Mastodon, the open source Twitter alternative

Diaspora and Mastodon are the two most well-known replacements for Facebook and Twitter, respectively.

Mastodon uses federated distribution known as the Fediverse. Many operators run Mastodon servers (anyone can host Mastodon), but users with an account can interact with anyone elsewhere in the Fediverse.

Diaspora also uses federated distribution with the Friendica social network. Both networks also emphasize their approach to privacy, stating that your data is yours alone.

Rewarding Open-Source Software Developers

Open-source projects are regarded as among the most secure, since anyone can view the code and contribute. However, open-source software is predominately volunteer work. Consistency and quality can be difficult to predict when people are unable to commit to projects full-time.

BugMark, a new project supported by Mozilla, is a futures market for bugs. The aim is to find a way to reward developers for open-source work financially and allow part-completion of work.

A futures contract is a legal agreement to buy or sell something at a predetermined price on a specified date. In the financial world, they are often used in currency trading to lock in a specific rate and minimize risk. Bugmark uses Ethereum-based futures contracts for software issues.

This creates two marketplaces: one between a funder and developer, and one for trading futures contracts.

The market for trading contacts means a developer may choose to only complete part of the work before selling the contract. The developer gets compensated, and the work isn’t lost either. Bugmark aims to make open-source development sustainable.

With much of the internet’s backbone supported by open-source projects, keeping them up-to-date and secure is critical. While Bugmark is still in early-stage development, it may one day support an ecosystem that makes us all safer.

Ready to Redecentralize?

Although the internet is arguably easier and more accessible than ever, with more free-to-use services available to us, it has come at a cost. We have traded our privacy for convenience. Online freedom for simplicity.

While it’s still unclear if Bitcoin will last, the underpinning blockchain technology could come to define Web 3.0 with its focus on decentralizaiton. Will it be enough to challenge tech giants? Only time will tell.

Read the full article: Is a Truly Decentralized Internet Possible? How It Could Work With Blockchain


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YouTube punishes Alex Jones’ channel for breaking policies against hate speech and child endangerment


Google confirmed it has issued a strike against Infowars founder Alex Jones’ YouTube channel for breaking the video platform’s policies against child endangerment and hate speech. Four videos were also removed. The strike means Jones’ channel will not be allowed to live stream for 90 days.

In a statement emailed to reporters, a Google representative said “We have long standing policies against child endangerment and hate speech. We apply our policies consistently according to the content in the videos, regardless of the speaker or the channel. We also have a clear three strikes policy and we terminate channels when they receive three strikes in three months.”

According to The Verge, two of the deleted videos contained hate speech against Muslims, a third had transphobic content and the fourth showed a child being shoved to the ground by a grown man with the headline “how to prevent liberalism.”

The fact that four deleted videos only amounted to one strike against Jones’ channel has prompted scrutiny of YouTube’s moderation policy, with critics arguing that each video that breaks the platform’s rules should warrant its own strike, especially for prolific repeat offenders.

Jones’ channel was issued a strike in February for a video promoting the conspiracy theory that survivors of the Parkland, Florida shooting, which killed 17 people, were actually “crisis actors.” But strikes expire after three months, so the Alex Jones channel currently has only one active strike against it.

While he promotes ideas that are ridiculous and hateful, Jones is influential and Infowars has helped promulgate many pernicious conspiracy theories. For example, he is currently being sued by family members of Sandy Hook victims for claiming that the mass shooting, which killed 27 people, including 20 small children, was staged. Since the shooting in December 2012, victims’ families have been targeted for harassment by conspiracy theorists.

The YouTube strike come a few days after Facebook refused to take down a video of Jones ranting against Robert Mueller, in which he accused the special counsel of committing sex crimes against children and mimed shooting him. Facebook told BuzzFeed News that Jones’ comments in the video, which was posted to his verified page, did not violate community standards because they are not a credible statement of intent to commit violence.

TechCrunch has also contacted Infowars for comment.


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Apple’s Search Ads expand to six more markets in Europe and Asia


In December, Apple introduced a new pay-per-install ad product called Search Ads Basic aimed at smaller developers, to complement the existing Search Ads product, which then became known as Search Ads Advanced. Today, the company is expanding Search Ads to more countries, including France, Germany, Italy, Japan, South Korea, and Spain, bringing the total number of countries where Search Ads is available to thirteen.

In addition to the U.S., Search Ads Advanced had already expanded to Australia, Canada, Mexico, New Zealand, Switzerland, and the U.K.

Developers in the newly supported countries will be able to create campaigns using Search Ads Advanced starting on July 25, 2018 at 4 PM PDT, with those campaigns appearing on the App Store starting August 1, 2018 at 4 PM PDT.

Meanwhile, Search Ads Basic will be available across all thirteen supported countries starting on August 22, 2018 at 10 AM PDT.

To encourage sign-ups, Apple is offering first-time advertisers a $100 USD credit to try out the product.

While the first version of Search Ads launched back in October 2016 in the U.S., the idea behind the newer “Basic” product was to offer developers a different – and simpler – means of reaching potential customers.

Search Ads was originally designed to allow developers to target users’ keyword searches, combined with other factors like location, gender or whether or not they had installed the app in the past. Developers would pay when users tapped on those targeted ads.

With the launch of Search Ads Basic, it’s easier to set up campaigns.

Developers only have to enter the app to be advertised, the campaign’s budget, and how much they want to pay per install. Apple helps by suggesting the max developers should pay using historical data. Then, developers only pay for actual installs, not taps.

Although the App Store was redesigned with the launch of iOS 11 to offer improved discoverability, search is still a key way people find out about apps.

Apple says that over 70 percent of App Store visitors use search to discover apps, in fact, and 65 percent of all downloads come directly from an App Store search.

The ads work well, too, as they have an over 50 percent conversion rate, on average, says Apple.

Apple’s advantage over the pay-per-install ads found elsewhere on the web isn’t only the ads’ placement – at the top of App Store searches, where they’re identified with a blue background and “Ad” icon – it also manages this without violating user privacy. That is, it doesn’t build specific profiles on individuals for ad targeting purposes, and it doesn’t share user data with developers. By its nature, this makes the system GDPR compliant.

In addition, Apple only places an ad when it’s relevant to a user’s search – developers can’t pay more to have their ad shown more often across less relevant searches, which offers a more level playing field.

Apple didn’t say when Search Ads would reach other countries, but with the new expansions it has some of the top markets now covered.

 


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Facebook loses $120 billion in market cap after awful Q2 earnings


Facebook’s share price fell over 20 percent in after-hours trading today after the company announced its slowest-ever user growth rate and a scary warning that its revenue growth would rapidly decelerate. Before today’s brutal Q2 earnings, Facebook’s share price closed today at $217.50, but fell to around $172 after the earnings call. That’s a market cap drop of roughly $123 billion. In two hours, Facebook lost more value than most startups and even public companies are ever worth.

Here’s the full story on Facebook’s disastrous Q2 2018 earnings:

So why did Facebook’s share price sink like a stone? There are five big reasons:

Slowest-Ever User Growth Rate – Facebook’s monthly user count grew just 1.54, compared to 3.14 last quarter. Daily active users grew even slower at 1.44 percent, compared to 3.42 percent last quarter. For reference, 2.18 percent was its previous slowest DAU growth rate back in Q4 2017. Suddenly hitting this wall could limit Facebook’s total user count over the long-run, and its revenue with it. Facebook tried to distract from these facts by announcing a new “family of apps audience” metric of 2.5 billion people using at least one of its apps, which will hide the shift of users from Facebook to Instagram and WhatsApp.

User Count Shrank In Europe, Flat In US & Canada – Facebook saw its first-ever decline in monthly user count in Europe, from 377 million to 376 million. It got stuck at 241 million in the US & Canada after similarly pausing at 239 million in Q4 2017. Those are Facebook’s two most lucrative markets, with it earning $25.91 per user in North America and $8.76 in Europe. If those markets stall, even swift growth in the Rest Of World region where it earns just $1.91 per user won’t save it.

Decelerating Revenue Growth – Facebook’s revenue grew a remarkable 42 percent year-over-year this quarter. But CFO David Wehner warned that metric would decelerate by high single-digit percentage per quarter over the coming quarters. Wehner said a combination of currency headwinds, new privacy controls, and new experiences like Stories will contribute to the deceleration. This news is what caused Facebook’s share price to drop from -7 percent to `-20 percent.

Privacy And Well-Being – Q2 saw the debut of Europe’s GDPR that forced Facebook to change its privacy policies and get users to agree to how it collects data about them. Wehner blamed GDPR for Facebook loss of users in Europe. That law and Facebook’s Cambridge Analytica scandal led the company to have to improve its privacy controls. These could make it tougher for Facebook to target people with ads or show their content to more people.

Meanwhile, Facebook has continued to adopt the “Time Well Spent” philosophy, removing click-bait news and crappy viral videos that lead to passive internet content consumption that studies say is unhealthy. Instead, Facebook is pushing features like Watch Party where users actively interact with each other. Those might not produce as much time on site and subsequent ad views, but CEO Mark Zuckerberg said the changes are “positive and we’re going to continue in this direction.”

The Shift To Stories – Facebook estimates that by in 2019, sharing via ephemeral vertical Stories slideshows will surpass sharing via feeds. The problem is that advertisers may be slower than users to make that shift. “Will this monetize at the same rate as News Feed? We honestly don’t know” COO Sheryl Sandberg said. Stories ads might be full-screen and more immersive, but they don’t show off links to online stores as well, nor are they as well optimized from decades of banner ad experience by the industry.

Luckily, even though Snapchat invented the Stories format, Facebook has far more people using it each day, with 150 million Stories users on Facebook, 70 million on Messenger, 400 million on Instagram, and 450 million on WhatsApp. If Facebook does manage to figure out Stories ads, it could dominate, but it could take years for its advertiser count and ad prices to rise to offset the shift away from feeds.


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Facebook loses $120 billion in market cap after awful Q2 earnings


Facebook’s share price fell over 20 percent in after-hours trading today after the company announced its slowest-ever user growth rate and a scary warning that its revenue growth would rapidly decelerate. Before today’s brutal Q2 earnings, Facebook’s share price closed today at $217.50, but fell to around $172 after the earnings call. That’s a market cap drop of roughly $123 billion. In two hours, Facebook lost more value than most startups and even public companies are ever worth.

Here’s the full story on Facebook’s disastrous Q2 2018 earnings:

So why did Facebook’s share price sink like a stone? There are five big reasons:

Slowest-Ever User Growth Rate – Facebook’s monthly user count grew just 1.54, compared to 3.14 last quarter. Daily active users grew even slower at 1.44 percent, compared to 3.42 percent last quarter. For reference, 2.18 percent was its previous slowest DAU growth rate back in Q4 2017. Suddenly hitting this wall could limit Facebook’s total user count over the long-run, and its revenue with it. Facebook tried to distract from these facts by announcing a new “family of apps audience” metric of 2.5 billion people using at least one of its apps, which will hide the shift of users from Facebook to Instagram and WhatsApp.

User Count Shrank In Europe, Flat In US & Canada – Facebook saw its first-ever decline in monthly user count in Europe, from 377 million to 376 million. It got stuck at 241 million in the US & Canada after similarly pausing at 239 million in Q4 2017. Those are Facebook’s two most lucrative markets, with it earning $25.91 per user in North America and $8.76 in Europe. If those markets stall, even swift growth in the Rest Of World region where it earns just $1.91 per user won’t save it.

Decelerating Revenue Growth – Facebook’s revenue grew a remarkable 42 percent year-over-year this quarter. But CFO David Wehner warned that metric would decelerate by high single-digit percentage per quarter over the coming quarters. Wehner said a combination of currency headwinds, new privacy controls, and new experiences like Stories will contribute to the deceleration. This news is what caused Facebook’s share price to drop from -7 percent to `-20 percent.

Privacy And Well-Being – Q2 saw the debut of Europe’s GDPR that forced Facebook to change its privacy policies and get users to agree to how it collects data about them. Wehner blamed GDPR for Facebook loss of users in Europe. That law and Facebook’s Cambridge Analytica scandal led the company to have to improve its privacy controls. These could make it tougher for Facebook to target people with ads or show their content to more people.

Meanwhile, Facebook has continued to adopt the “Time Well Spent” philosophy, removing click-bait news and crappy viral videos that lead to passive internet content consumption that studies say is unhealthy. Instead, Facebook is pushing features like Watch Party where users actively interact with each other. Those might not produce as much time on site and subsequent ad views, but CEO Mark Zuckerberg said the changes are “positive and we’re going to continue in this direction.”

The Shift To Stories – Facebook estimates that by in 2019, sharing via ephemeral vertical Stories slideshows will surpass sharing via feeds. The problem is that advertisers may be slower than users to make that shift. “Will this monetize at the same rate as News Feed? We honestly don’t know” COO Sheryl Sandberg said. Stories ads might be full-screen and more immersive, but they don’t show off links to online stores as well, nor are they as well optimized from decades of banner ad experience by the industry.

Luckily, even though Snapchat invented the Stories format, Facebook has far more people using it each day, with 150 million Stories users on Facebook, 70 million on Messenger, 400 million on Instagram, and 450 million on WhatsApp. If Facebook does manage to figure out Stories ads, it could dominate, but it could take years for its advertiser count and ad prices to rise to offset the shift away from feeds.


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SmartArm’s AI-powered prosthesis takes the prize at Microsoft’s Imagine Cup


A pair of Canadian students making a simple, inexpensive prosthetic arm have taken home the grand prize at Microsoft’s Imagine Cup, a global startup competition the company holds yearly. SmartArm will receive $85,000, a mentoring session with CEO Satya Nadella, and some other Microsoft goodies. But they were far from the only worthy team from the dozens that came to Redmond to compete.

The Imagine Cup is an event I personally look forward to, because it consists entirely of smart young students, usually engineers and designers themselves (not yet “serial entrepreneurs”) and often aiming to solve real-world problems.

In the semi-finals I attended, I saw a pair of young women from Pakistan looking to reduce stillbirth rates with a new pregnancy monitor, an automated eye-checking device that can be deployed anywhere and used by anyone, and an autonomous monitor for water tanks in drought-stricken areas. When I was their age, I was living at my mom’s house, getting really good at Mario Kart for SNES and working as a preschool teacher.

Even Nadella bowed before their ambitions in his appearance on stage at the final event this morning.

“Last night I was thinking, ‘What advice can I give people who have accomplished so much at such a young age?’ And I said, I should go back to when I was your age and doing great things. Then I realized…I definitely wouldn’t have made these finals.”

That got a laugh, but (with apologies to Nadella) it’s probably true. Students today have unbelievable resources available to them and as many of the teams demonstrated, they’re making excellent use of those resources.

SmartArm in particular combines a clever approach with state of the art tech in a way that’s so simple it’s almost ridiculous.

The issue they saw as needing a new approach is prosthetic arms, which as they pointed out are often either non-functional (think just a plastic arm or simple flexion-based gripper) or highly expensive (a mechanical arm might cost tens of thousands). Why can’t one be both?

Their solution is an extremely interesting and timely one: a relatively simply actuated 3D-printed forearm and hand that has its own vision system built in. A camera built into the palm captures an image of the item the user aims to pick up, and quickly classifies it — an apple, a key ring, a pen — and selects the correct grip for that object.

The user activates the grip by flexing their upper arm muscles, an action that’s detected by a Myo-like muscle sensor (possibly actually a Myo, but I couldn’t tell from the demo). It sends the signal to the arm to activate the hand movement, and the fingers move accordingly.

It’s still extremely limited — you likely can’t twist a doorknob with it, or reliably grip a knife or fork, and so on. But for many everyday tasks it could still be useful. And the idea of putting the camera in the palm is a high-risk, high-reward one. It is of course blocked when you pick up the item, but what does it need to see during that time? You deactivate the grip to put the cup down and the camera is exposed again to watch for the next task.

Bear in mind this is not meant as some kind of serious universal hand replacement. But it provides smart, simple functionality for people who might otherwise have had to use a pincer arm or the like. And according to the team, it should cost less than $100. How that’s possible to do including the arm sensor is unclear to me, but I’m not the one who built a bionic arm so I’m going to defer to them on this. Even if they miss that 50 percent it would still be a huge bargain, honestly.

There’s an optional subscription that would allow the arm to improve itself over time as it learns more about your habits and objects you encounter regularly — this would also conceivably be used to improve other SmartArms as well.

As for how it looks — rather robotic — the team defended it based on their own feedback from amputees: “They’d rather be asked, ‘hey, where did you get that arm?” than ‘what happened to your arm?’ ” But a more realistic-looking set of fingers is also under development.

The team said they were originally looking for venture funding but ended up getting a grant instead; they’ve got interest from a number of Canadian and American institutions already, and winning the Imagine Cup will almost certainly propel them to greater prominence in the field.

My own questions would be on durability, washing, and the kinds of things that really need to be tested in real-world scenarios. What if the camera lens gets dirty or scratched? Will there be color options for people that don’t want to have white “skin” on their arm? What’s the support model? What about insurance?

SmartArm takes the grand prize, but the runners up and some category winners get a bunch of good stuff too. I plan to get in touch with SmartArm and several other teams from the competition to find out more and hear about their progress. I was really quite impressed not just with the engineering prowess but the humanitarianism and thoughtfulness on display this year. Nadella summed it up best:

“One of the things that I always think about is this competition in some sense ups the game, right?” he said at the finals. “People from all over the world are thinking about how do I use technology, how do i learn new concepts, but then more importantly, how do I solve some of these unmet, unarticulated needs? The impact that you all can have is just enormous, the opportunity is enormous. But I also believe there is an amazing sense of responsibility, or a need for responsibility that we all have to collectively exercise given the opportunity we have been given.”


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2.5 billion people use at least one of Facebook’s apps


Facebook today for the first time announced that in June, 2.5 billion people used at least one of its apps: Facebook, Instagram, WhatsApp, or Messenger. That’s a helpful number because it counts real people, rather than accounts, since people can have multiple accounts on a single app. 2.5 billion people compares to 2.23 billion monthly users on Facebook, 1 billion users on Instagram, 1.5 billion users on WhatsApp, and 1.3 billion users on Messenger.

Mark Zuckerberg announced the new stat on Facebook’s Q2 2018 earnings call following a tough report that saw its user growth slow to its lowest rate ever. Zuckerberg said the 2.5 billion count “Individual people rather than active accounts” which he says “excludes when people have multiple accounts on a single app. And it reflects that many people use more than one of our services.”

It seems as if Facebook announced the stat in hopes of deflecting attention from the fact that its user count shrank in Europe and was flat in the US & Canada, contributing to extraordinarily low monthly and daily user growth. That growth trouble in turn sent Facebook’s share price down over 9 percent in after-hours trading.

On the 2.5 billion stat, Facebook CFO David Wehner explained that “We believe this number better reflects the size of our community.” He also clarified that Facebook’s monthly active user count of 2.23 billion “does count multiple accounts for a single user, and that accounts for 10 percent of Facebook’s MAU” or 223 million.

By bundling the user counts into a “family of apps audience metric”, Facebook can obscure the fact that its core app is hitting a wall. Instead, it can rely on WhatsApp and Instagram to shore up the number. For example, if teens slip from Facebook to Instagram, they’ll still be counted in the new metric. But that doesn’t change the fact that the company’s main money-maker is losing its edge.


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2.5 billion people use at least one of Facebook’s apps


Facebook today for the first time announced that in June, 2.5 billion people used at least one of its apps: Facebook, Instagram, WhatsApp, or Messenger. That’s a helpful number because it counts real people, rather than accounts, since people can have multiple accounts on a single app. 2.5 billion people compares to 2.23 billion monthly users on Facebook, 1 billion users on Instagram, 1.5 billion users on WhatsApp, and 1.3 billion users on Messenger.

Mark Zuckerberg announced the new stat on Facebook’s Q2 2018 earnings call following a tough report that saw its user growth slow to its lowest rate ever. Zuckerberg said the 2.5 billion count “Individual people rather than active accounts” which he says “excludes when people have multiple accounts on a single app. And it reflects that many people use more than one of our services.”

It seems as if Facebook announced the stat in hopes of deflecting attention from the fact that its user count shrank in Europe and was flat in the US & Canada, contributing to extraordinarily low monthly and daily user growth. That growth trouble in turn sent Facebook’s share price down over 9 percent in after-hours trading.

On the 2.5 billion stat, Facebook CFO David Wehner explained that “We believe this number better reflects the size of our community.” He also clarified that Facebook’s monthly active user count of 2.23 billion “does count multiple accounts for a single user, and that accounts for 10 percent of Facebook’s MAU” or 223 million.

We’ll have more details shortly


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