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Techmeme
July 30, 2015, 2:05 PM
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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 …
Ari Levy / CNBC:
An inside look at Zazzle, which expects $250M+ revenue and a gross margin of 45% this year, larger than Amazon's recent 35% gross margin  —  The anti-Amazon that's making money: Zazzle  —  Amazon.com became the world's most valuable retailer by selling everything imaginable at virtually no profit.
Tweets: @cnbc
Deborah Gage / Wall Street Journal:
GitHub raises $250M Series B at a $2B valuation, led by Sequoia Capital  —  GitHub Raises $250 Million at $2 Billion Valuation  —  Capital raise puts company's total funding at $350 million  —  Software is transforming industries from agriculture to automobiles.
Vito Pilieci / Ottawa Citizen:
Shopify beats Q2 estimates with $44.9M revenue, lower than expected $3.3M loss, in first results since IPO  —  Ottawa's Shopify reports sales of $44.9M in first results since going public  —  Sales are booming at Ottawa's latest technology darling, Shopify Inc.
Carmel DeAmicis / Re/code:
Yelp stock drops 28% following grim earnings; company cites 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 Watch.  Tweets: @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:
Facebook Beats In Q2 With $4.04B Revenue, User Growth Slows To 3.47% QOQ To Hit 1.49B

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From Mediagazer

Washington Post:
Jacqueline Smith, the Stars and Stripes ombudsman who was fired in April, sues the Pentagon, claiming the government violated her First Amendment rights

Wall Street Journal:
Brendan Carr says ABC is running a “campaign of misinformation” about the FCC inquiry into The View and the agency isn't trying to control the show's guests

Richard Raycraft / CBC News:
CBC/Radio-Canada becomes a full member of the European Broadcasting Union and is now eligible for Eurovision; the CBC won't yet say whether it will participate

More News

Earlier Picks

Reuters:
Alibaba says it will invest another $1B into its Aliyun cloud computing arm to take on AWS
AFP:
Google signs deal with Sri Lanka to bring internet to the entire country via Project Loon
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