Africa Roundup: Jumias post-IPO earnings, Gokadas $5.3M raise, Facebooks fake-news purge, Joe Montanas fintech investment

Jumia held its first post-IPO earnings call and weathered a short-sell assault in May, with Wall Street showing confidence in the Pan-African e-commerce company. On the numbers, key takeaways were that Jumia’s Gross Merchandise Value (GMV) — the total amount of goods sold over the period — grew by 58% to €240 million. Marketplace revenue grew 102% to €16 million, and gross profits as a percentage of GMV grew by 6.5% in Q1 2019. Overall, Jumia’s operating losses for the period widened to €45.4 million from €34.3, and negative EBITDA increased to €39.5 million from €30.2. So the startup’s still losing money — see the big losses reported in the IPO filing — but is improving its ability to earn. …

Why Women Are Called ‘Influencers’ and Men ‘Creators’

Being a "social media influencer" has nothing to do with the size of your audience or the nature of your work. An influencer used to be someone with a giant, million-plus following to sell things to, but marketers have since expanded the term, piling on prefixes like macro-, micro-, and even nano-influencers, who can have audiences of just 1,000. Influencers aren't confined to a genre anymore, either. There are still the standard-issue Instagram beauty and lifestyle influencers, but also restaurant influencers, real estate influencers, pet influencers. Really, the only way to guarantee that people will think of your online celebrity as "influence" is to be a woman. Emma Grey Ellis Optimization Smackdown: Hustle Porn vs. Zen Porn Emma Grey Ellis …

When it comes to elections, Facebook moves slow, may still break things

This week, Facebook invited a small group of journalists — which didn’t include TechCrunch — to look at the “war room” it has set up in Dublin, Ireland, to help monitor its products for election-related content that violates its policies. (“Time and space constraints” limited the numbers, a spokesperson told us when he asked why we weren’t invited.) Facebook announced it would be setting up this Dublin hub — which will bring together data scientists, researchers, legal and community team members, and others in the organization to tackle issues like fake news, hate speech and voter suppression — back in January. The company has said it has What is not at all clear is how quickly Facebook acted to removed …