July 21, 2014, 5:30 AM

Top News

Nitasha Tiku / Valleywag:
Product Hunt Founder Explains Why The Hell He Joined Y Combinator  —  Industry obsessives talk about Product Hunt—a leaderboard that lets members vote on new apps, devices, and other assorted technologies—with a sense of gratefulness.  Venture capitalists use its hand-picked daily list to find a diamond in the deluge.
Janko Roettgers / Gigaom:
The story of WebP: How Google wants to speed up the web, one image at a time  —  Tired of slow web pages?  So is Google, and the company thinks it has the key to speed up the web: smaller image files.  Google's WebP image format aims to replace existing image file formats like JPEG with a smaller file size …
Author Earnings:
Study: 31% of ebooks sold on Amazon are self-published; DRM harms sales at all price levels  —  July 2014 Author Earnings Report  —  It has been nearly half a year since we first pulled data for nearly every ranked ebook on's thousands of category bestseller lists.
Rohin Dhar / Priceonomics Blog:
Sequoia Capital will likely earn more from investing in YC companies than YC  —  The Big Winner from Y Combinator's Success?  Sequoia Capital  —  Yesterday, Y Combinator's president, Sam Altman, that the seed investment firm had funded 716 companies that were currently valued collectively at around $30 billion.
More: CB InsightsTweets: @jason and @bryce
Jerin Mathew / International Business Times:
Huawei's First-Half Revenue up 19% While It Emerges as Major Smartphone Brand  —  China-based telecommunications equipment maker, Huawei Technologies, has reported a 19% increase in revenues for the first half of 2014 as consumers across the world become aware of its smartphone and tablet offerings, leading to higher sales.
Jeff Bercovici / Forbes:
Buzzfeed now receives more traffic from Pinterest than from Twitter  —  Nailed It: Buzzfeed Cracks The Pinterest Code  —  Buzzfeed is one of of the fastest growing media companies ever, with a monthly audience of 150 million and counting, thanks chiefly to its unmatched understanding of what people will read or share on Facebook.
Kate Cox / Consumerist:
From AT&T To Verizon: What The Web's Biggest Players Told The FCC About Net Neutrality  —  The FCC originally planned to stop taking comments about their net neutrality proposal on Tuesday.  But after demand overwhelmed and crashed their antique IT system, they extended the deadline to 11:59 p.m. (EDT) tonight.
More: Business InsiderTweets: @nytimesbits

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