Techmeme
July 29, 2014, 11:00 PM

Top News

Twitter:
Twitter reports Q2 2014 results: revenue $312M, up 124% year-over-year, net loss of $145M  —  Twitter Reports Second Quarter 2014 Results  —  SAN FRANCISCO, Calif. - July 29, 2014 - Twitter, Inc. (NYSE: TWTR) today announced financial results for the second quarter ended June 30, 2014.
Kara Swisher / Re/code:
Stock Soars 30 Percent as Twitter Beats Street on Q2 User Growth, Revenue and Even Turns in a Profit  —  Twitter did not completely fix its growth problem in its second-quarter earnings today, and it didn't release a new set of metrics to tell its reach and scale story better to Wall Street.
Josh Constine / TechCrunch:
Instagram launches Bolt, its one-touch photo and video messaging app, in Singapore, South Africa, and New Zealand  —  Instagram Launches One-Touch Photo And Video Messaging App Bolt Outside The US  —  Instagram is taking on Snapchat by turning your best friends' faces into the shutter button …
Andy Fixmer / Mashable:
Netflix Signs Peering Deal With AT&T to Reduce Buffering  —  This story has been updated to include a statement from AT&T confirming the peering deal.  —  Netflix has reached an agreement with AT&T to give its streaming service direct access to AT&T's network, with the goal of reducing buffering …
Tom Warren / The Verge:
Microsoft is about to launch a selfie phone and a new ‘high-end’ Windows Phone  —  Microsoft is planning to launch two new Windows Phone 8.1 devices shortly.  Sources familiar with the company's plans tell The Verge that Microsoft devices chief Stephen Elop revealed both handsets during an internal company meeting this week.
Josh Constine / TechCrunch:
Facebook Is Shutting Down Gifts To Focus On Its Buy Button And Commerce Platform  —  Facebook wants to help other businesses sell things, so it's done selling its own.  Facebook Gifts will shut down on August 12th and stop selling gift cards for businesses like Starbucks and iTunes.
More: Re/code, CNET, Engadget and BloombergTweets: @joshconstine
Doina Chiacu / Reuters:
U.S. Senate bill proposes sweeping curbs on NSA surveillance  —  (Reuters) - Senator Patrick Leahy will introduce legislation on Tuesday to ban the U.S. government's bulk collection of Americans' telephone records and Internet data and narrow how much information it can seek in any particular search.
Dan Goodin / Ars Technica:
Certificate verification flaw in Android since 2.1 granted malicious apps special access to resources, potentially exposing sensitive user data  —  Android crypto blunder exposes users to highly privileged malware  —  A slide from next week's Black Hat talk titled Android Fake ID vulnerability.
Anthony Ha / TechCrunch:
Palantir Acquires Social Polling Startup Poptip  —  Poptip, a startup that helps companies conduct social media surveys and analyze online conversations, just announced that its team will be joining Palantir Technologies starting on August 1.  —  A Palantir spokesperson confirmed the acquisition but declined to comment further.
More: Poptip BlogTweets: @jimandelman and @kfalter
Bloomberg:
Ford switching 3,300 workers from BlackBerry to iPhone this year  —  Ford Switching Employees to IPhones From BlackBerries  —  Ford Motor Co. (F) is deploying iPhones for corporate use to employees worldwide, scoring a win for Apple Inc. (AAPL) as it seeks to lure more corporate customers.
Sebastian Anthony / ExtremeTech:
Nvidia quadruples display resolution by stacking two cheap LCD panels on top of each other  —  Nvidia researchers have used a fantastically straightforward approach to quadruple the effective resolution and double the refresh rate of cheap, off-the-shelf LCD panels: Stacking them on top of each other.
Jeffrey A. Trachtenberg / Wall Street Journal:
Amazon willing to retain its current 30% of digital revenue if Hachette lowers e-book prices to $9.99  —  Amazon Calls for Hachette to Cut E-Book Prices  —  Online Retailer Also Suggests Hachette Should Boost Proportion of Digital Book Sales It Pays to Its Authors
Alex Hern / Guardian:
US government increases funding for Tor, giving $1.8m in 2013  —  Despite attempts by the National Security Agency to crack the anonymous browser, the US increased state funding through third parties  —  Tor, the internet anonymiser, received more than $1.8m in funding from the US government in 2013 …
More: The VergeTweets: @anonyops

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