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Techmeme
July 30, 2015, 11:50 AM
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Top News

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 …
Mike Masnick / Techdirt:
Study: Shutdown of Google News and other aggregators in Spain hurt news sites' traffic and ad revenue, particularly for new and smaller publishers  —  Study Of Spain's ‘Google Tax’ On News Shows How Much Damage It Has Done  —  As you may recall, governments across Europe …
See also Mediagazer
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
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
Charlie Osborne / ZDNet:
Hammertoss: Russian hackers target the cloud, Twitter, GitHub in malware spread  —  FireEye says a new virulent strain of malware buries itself in network traffic to avoid detection.  —  The newly-discovered Hammertoss malware strain uses network traffic noise from sources including Twitter …
Josh Constine / TechCrunch:
Facebook Beats In Q2 With $4.04B Revenue, User Growth Slows To 3.47% QOQ To Hit 1.49B  —  People aren't using Facebook less, according to its new earnings report.  Facebook recovered from last quarter's miss, beating the street's estimates in Q2 2015 with $4.04 billion in revenue and $0.50 earnings per share.

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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

Reuters:
Alibaba says it will invest another $1B into its Aliyun cloud computing arm to take on AWS

Earlier Picks

AFP:
Google signs deal with Sri Lanka to bring internet to the entire country via Project Loon
Wish Wu / TrendLabs Security Intelligence Blog:
Android vulnerability silences phone and kills screen, affects Android 4.3 and above, and can be exploited by a malicious website or app
Drew Olanoff / TechCrunch:
Google Translate's App Now Instantly Translates Printed Text In 27 Languages
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