Over $100B gone in an instant

Facebook had a terrible, horrible, no good, very bad day. After the company’s quarterly earnings call with investors, FB's stock price dropped ~20% in after-hours trading. Over $100B in value disappeared in an instant after FB announced disappointing revenue numbers and user growth. Some contex [AngelList]( [View Online]( [facebook.gif]( Facebook had a terrible, horrible, no good, very bad day. After the company’s quarterly earnings call with investors, FB's stock price dropped ~20% in after-hours trading. Over $100B in value disappeared in an instant after FB announced disappointing revenue numbers and user growth. Some context: that's comparable to the entirety of General Motors, Ford and Target... combined. 😮 Why did the stock tank? A perfect storm hit one of Facebook’s core features, the News Feed: - Less "viral" clickbait in the feed. Facebook has committed to optimizing for “time well-spent” in the app, not overall engagement. While this shift made for a better experience for users, FB can’t show users as many ads as before. - Less feed personalization. In the wake of the Cambridge Analytica scandal and recent GDPR regulations, Facebook revamped its data usage policies and privacy controls. These changes hurt FB's ability to charge companies big bucks to specifically target ads. But the most interesting change to the News Feed: the rollout of stories, a well-received but not-well-monetized feature that could change how most people use Facebook and their products altogether. Stories might actually break Facebook Stories – tappable, full-screen photos and videos – are replacing news feeds everywhere. The format was originally pioneered by Snapchat. In fact, right after Snapchat launched stories in 2013, Facebook tried to acquire them for $3B. 👀 Facebook worked around the failed acquisition by copying Stories inside Instagram (and then in Messenger... and then in Facebook itself). It worked:  Instagram stories took off, with 250M+ users engaging with the feature less than a year after its launch. That's over 50% of Instagram users... and close to double the number of Snapchat daily active users. 😈 Unfortunately, the success of Stories might shoot Facebook's ad revenues in the foot. Companies are still figuring out how to build the ad units – engaging, vertical video ads that users won't immediately tap past. Rest assured that #content creators everywhere are working to make Story ads profitable. Hot Startups (that are hiring) 🔥 🏥 Memora Health automates patient engagement and nursing operations in hospitals, cutting readmittance rates so patients can recover faster. Straight out of Harvard Medical School and Y Combinator. [Hiring engineers and sales people in San Francisco](. 🤗 Amino Apps builds mobile-first apps for niche communities around the world. Raised $19M+ from Google Ventures, Haystack, Slow Ventures, and more. [Hiring 10+ in Shanghai and New York](. 🍼 Future Family combines modern fertility care with concierge care and on-demand medical support. [Hiring developers and account managers](. [Hot Startups This Week ?]( When was the last time you opened iTunes on purpose? It's been years for us too. It's ok. Apple's OS X has fallen behind, with some annoying flaws (like software update notifications) and missing, much-needed features. Fortunately, this app is here to [Make OS X Great Again]( by fixing everything that make Apple computers annoying: 🛠️ Auto-blocking software update notifications 🎵 Stop iTunes from opening when you plug in your iPhone 🖥️ "Minimize all windows" shortcuts for when you get overwhelmed 📁 A folder that stores all of your screenshots [Give it a shot](. 😳 This isn't the only Must-Have Mac App: 📸 [Screenie]( drag screenshots right from your menu bar. 📑 [Magnet]( a window manager for Mac, with keyboard shortcuts. ☕ [Caffeine]( keep your Mac from falling asleep. 🚀 [Rocket]( Slack-style emoji everywhere on your Mac. 🙇‍♂️ [Focus]( block distracting websites everywhere. ⌨️ [Cheatsheet]( discover all of the best keyboard shortcuts. Check out the full list of [Must-Have Mac Apps](. 🍎 Last Week's Top Products [Makers by Product Hunt]( [Makers by Product Hunt]( A place for Makers to share, connect, and reach their goals [Productivity]( [Web App]( 700+ upvotes [Slab]( [Slab]( The internal wiki your team will actually want to use [Productivity]( [Web App]( 1,000+ upvotes [CleanShot]( [CleanShot]( Capture your screen without all that mess on your desktop ✨ [Design Tools]( [Mac]( 900+ upvotes [Pitchenvy]( [Pitchenvy]( A gallery of the best startup pitch decks [Investing]( [Productivity]( 400+ upvotes [Bluebird]( [Bluebird]( A simple, beautiful Twitter client for macOS 🐦⚡️ [Twitter]( [Mac]( 400+ upvotes [See more]( You're receiving this email because you signed up for [AngelList]( 814 Montgomery Street · San Francisco, CA 94133 [Unsubscribe]( from these notifications