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Techmeme
July 27, 2017, 8:50 AM
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Top News

Facebook:
Facebook Q2: $9.3B revenue, up 45% YoY, mobile made 87% of total; profit up 71% YoY; 1.3B DAUs, up 17% YoY; 2B MAUs, up 17% YoY; 20.7K headcount, up 43% YoY  —  “We had a good second quarter and first half of the year,” said Mark Zuckerberg, Facebook founder and CEO.
Wall Street Journal:
Samsung posts record net profit of $9.9B in Q2, up 89% YoY boosted by strong chip and Galaxy S8 sales, revenue rose to $54.8B, up 19.8%  —  Results position the company to top Apple in quarterly profits  —  SEOUL—Samsung Electronics Co. delivered its biggest-ever quarter of profits …
Michael Sheetz / CNBC:
Twitter's Q2 revenue of $574M beats expectations, but monthly active users remain flat at 328M; advertising revenue decreased 8% YoY to $489M, shares fall 8%+  —  - Twitter posted better-than-expected EPS and revenue growth in its second-quarter earnings report.
U.S. Department of Justice:
US Justice Department charges Russia's Alexander Vinnik on suspicion of laundering $4B+ funds via bitcoin, alleges funds obtained via Mt.Gox hack  —  Defendant Alexander Vinnik Was Arrested in Greece to Face Charges in the United States; Bitcoin Exchange Alleged to Have Received Deposits Valued at Over $4 Billion
CNBC:
Sources: Amazon's 1492, a skunkworks lab, is working on healthcare tech including a platform for medical records, telemedicine, and apps for devices like Echo  —  - Areas of exploration include a platform for electronic medical record data, telemedicine and health apps for existing devices like the Amazon Echo.
Tom Krazit / GeekWire:
Microsoft debuts Azure Container Instances, which make it easier to deploy and bill containers on Azure, and joins foundation that oversees Kubernetes  —  Microsoft's cloud business is making two notable moves involving containers Wednesday — unveiling a new service that aims to make it much easier …
Ina Fried / Axios:
Tech leaders including Tim Cook, Jack Dorsey, Mark Zuckerberg, Sam Altman, Sundar Pichai, and Marc Benioff speak out against Trump's transgender troop ban  —  Salesforce and the CEO of Google are among the first tech leaders to publicly speak out after President Trump's announcement Wednesday …
New York Times:
Foxconn says it plans to invest $10B in Wisconsin plant, creating 3,000 jobs, manufacturing flat-panel displays for TVs and other consumer electronics  —  Foxconn, the Taiwanese electronics supplier for Apple and other tech giants, said Wednesday it would open its first major American factory in Wisconsin …
Sarah Buhr / TechCrunch:
Apple and Cochlear partner to introduce the Nucleus 7 Sound Processor hearing implant, which works directly with iOS devices rather than via an app  —  Apple has teamed up with Australian-based Cochlearto bring iPhone users the first made for iPhone Cochlear implant.
Financial Crimes Enforcement Network:
US Treasury's FinCEN fines BTC-e $110M for violating US anti-money laundering laws  —  Immediate Release  —  WASHINGTON—The Financial Crimes Enforcement Network (FinCEN), working in coordination with the U.S. Attorney's Office for the Northern District of California …
Eliot Brown / Wall Street Journal:
Dow Jones: 30 US VC funds raised $500M+ each last year, up from 17 in 2015, and the most since 54 in 2000  —  Canaan Partners' $800 million fund is the latest jumbo-size capital pool  —  Giant venture-capital funds are piling up in Silicon Valley, a sign that foundations …

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From Mediagazer

Benjamin Mullin / New York Times:
Arkansas PBS severs ties with the PBS network, the first state public TV system to do so since Congress cut CPB funds, citing the annual $2M+ membership cost

Sam Roberts / New York Times:
Arthur L. Carter, who started a Connecticut newspaper in 1981, bought and sold The Nation, and founded the New York Observer in 1987, has died at 93

Pamela McClintock / The Hollywood Reporter:
Disney's Zootopia 2 surpasses $1B at the global box office, the fastest PG-rated film to do so after just 17 days in release

More News

Earlier Picks

Eric Newcomer / Bloomberg:
Sources: Uber could appoint a new CEO within six weeks, says head of HR; shortlist has fewer than six candidates, including HPE's Meg Whitman
Bloomberg:
Sources: Facebook to debut a series of original, short-form videos from partners in mid-Aug., after a number of false starts; longer-form content to come later
Jon Russell / TechCrunch:
Xiaomi unveils Mi AI smart speaker, available in China for ~$45, to control Xiaomi hardware and other smart products, play media, more
Barry Schwartz / Search Engine Land:
Google says it has removed Google Instant search results, which showed results as users typed, citing the shift from desktop to mobile searches
Christina Passariello / Wall Street Journal:
Interviews with Apple executives reveal how Jony Ive, Apple's chief designer, brought Steve Jobs's exacting design vision for Apple Park to life
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