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Techmeme
July 25, 2017, 7:05 AM
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Top News

Alphabet Investor Relations:
Alphabet Announces Second Quarter 2017 Results  —  Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended June 30, 2017.  —  “With revenues of $26 billion, up 21% versus the second quarter of 2016 and 23% on a constant currency basis …
Steve Kovach / Business Insider:
Alphabet Q2: revenue of $26.01B, up 21% YoY, vs $25.64B est., net income of $3.52B with EC fine, CPC down 26%, and paid clicks on Google properties up 61% YoY  —  Google's parent company Alphabet beat expectations for its second-quarter earnings on the top and bottom lines …
Miguel Helft / Forbes:
Google CEO Sundar Pichai appointed to Alphabet board of directors as its 13th member  —  Google CEO Sundar Pichai, who has led the company for the past two years, is joining the board of directors of Alphabet, Google's parent company said on Monday.  —  The more represents a vote of confidence …
Jan Wolfe / Reuters:
Roomba vacuum maker iRobot hopes to sell its users' floor plan data, seeking deals with Amazon, Apple, and Alphabet  —  (Reuters) - The Roomba robotic vacuum has been whizzing across floors for years, but its future may lie more in collecting data than dirt.
Kurt Wagner / Recode:
Facebook has acquired a content rights startup called Source3 to help fight video pirates  —  Facebook wants to make sure video creators can't get ripped off.  —  Facebook has acquired a startup to help it crack down on users who share pirated videos and other content without permission.
Mehedi Hassan / MSPoweruser:
Microsoft says MS Paint will be available on the Windows Store as a free standalone app in the future  —  Microsoft Paint has been in the news since yesterday when Redmond announced that the software is being deprecated with the upcoming Windows 10 Fall Creators Update.
Samuel Gibbs / The Guardian:
Microsoft Paint, first released with Windows 1.0 in 1985, to be “removed or deprecated” in the Windows 10 Fall Creators Update; Paint 3D to remain  —  Long-standing basic graphics editing program, used throughout childhoods since the 1980s, has been marked for death
Jon Russell / TechCrunch:
Grab raises $2B from SoftBank and Didi Chuxing, which says the round could expand by $500M, to help defeat Uber in SE Asia; source: Grab valuation now over $6B  —  Grab, the ride-hailing company competing with Uber in Southeast Asia, has pulled in $2 billion of new financing …
Terri Cullen / CNBC:
KKR's Internet Brands to acquire WebMD in $2.8B deal, for $66.50 per share, which is a 20% premium to Friday's closing price  —  - Prior to the acquisition WebMD ran a five-month auction and solicited bids from more than 100 companies and private-equity firms.
Bloomberg:
Microsoft designs new AI chip for next version of HoloLens, which will let mixed reality goggles recognize speech and images on device instead of the cloud  —  New HoloLens processor will let mixed reality goggles recognize speech and images  —  Tech companies are keen …

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From Mediagazer

Natalie Korach / Status:
Eight antitrust experts assess what Paramount's pause on WBD acquisition means, which side it benefits most, and where the merger is headed over the next year

Dominic-Madori Davis / TechCrunch:
London-based European Technology Network, a TBPN-like show livestreaming 5x a week on YouTube and X, raised a $1.6M seed round from Axel Springer and others

Oliver Darcy / Status:
Sources: in rebuilding 60 Minutes, Nick Bilton and Bari Weiss have held numerous screen tests with potential correspondents and are hunting for new senior staff

More News

Wall Street Journal:
Sources: Foxconn close to investing in a TV display manufacturing plant in Wisconsin and possibly another factory in the Detroit area

Earlier Picks

Paula Dwyer / Bloomberg:
Some economists say US tech giants are becoming harmful monopolies, need to be broken up; regulators need to consider alternatives to classic antitrust theory
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