Techmeme
July 30, 2015, 2:35 PM

Top News

Re/code:
Sources: NBCUniversal close to investing $250M in BuzzFeed at a $1.5B valuation, also investing in Vox Media at a $850M valuation  —  NBCUniversal Poised to Make Big Investments in BuzzFeed and Vox Media  —  NBCUniversal is close to a deal to invest $250 million in BuzzFeed …
Min-Jeong Lee / Wall Street Journal:
Samsung Q2 profit down 8% YoY, fifth straight quarterly profit drop as Galaxy S6 falls short of market expectations  —  Samsung Profits Hurt By Smartphone Price Declines  —  Cheaper smartphone models from China and India could fuel further price cuts  —  SEOUL- Samsung Electronics Co …
Ingrid Lunden / TechCrunch:
Sources: Caller ID app Truecaller looking to raise around $100M at a $1B valuation  —  Caller ID App Truecaller Is Raising $100M At A $1B Valuation  —  Communications apps that strike a chord with users across different markets are hot property these days, and it looks like another …
Jason Koebler / Motherboard:
Obama's New Executive Order Says the US Must Build an Exascale Supercomputer  —  President Obama has established a new initiative across multiple government agencies that will focus entirely on creating the fastest supercomputers ever devised.  The National Strategic Computing Initiative …
Carmel DeAmicis / Re/code:
Yelp stock dropped 28% Wednesday following grim earnings; company cited rising talent costs amid competition with “unicorns”  —  Yelp Admits the Unicorn Bubble Is Hurting Its Profits  —  Yelp debuted “surprise losses” on its earnings yesterday, causing its stock to plummet 28 percent by the next day.
More: CNBC and Search Engine WatchTweets: @joshconstine
Financial Times:
Facebook mobile ads accounted for $2.9B in revenue, roughly 72% of total Q2 sales  —  Mobile advertising propels Facebook revenues  —  Facebook revenues soared by nearly two-fifths in the three months to June as advertisers increasingly turned to the social networking group's mobile applications to reach consumers.
Josh Constine / TechCrunch:

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