Techmeme
July 27, 2017, 12:35 PM

Top News

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 12%+  —  - Twitter posted better-than-expected earnings and revenue growth in its second-quarter earnings report.
Micah Singleton / The Verge:
Google plans to merge Google Play Music with YouTube Red to create a new streaming service, YouTube's head of music Lyor Cohen confirmed  —  One service to cover everything (almost)  —  YouTube's head of music confirmed that the company is planning on merging its Google Play Music service …
Bloomberg:
Jeff Bezos surpasses Bill Gates as world's richest person, with a net worth of ~$90.9B, as Amazon rose in intraday trading; Gates held the top spot since 2013  —  His net worth climbs more than $1 billion in intraday trading  —  Gates has held top spot on Bloomberg wealth index since 2013
Kif Leswing / Business Insider:
Apple confirms it has discontinued iPod nano and iPod shuffle; iPod touch now starts at 32GB for $199, 128GB for $299  —  Apple updated its iPod lineup on Thursday and discontinued the iPod Nano and iPod Shuffle.  —  They were the last two iPods that didn't run iOS, the same software that runs on the iPhone.
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.
WhatsApp Blog:
WhatsApp announces it has 1B users every day, up from 1B users per month in February last year  —  Just last year, we shared that one billion people around the world use WhatsApp every month.  Today, we are excited and proud to share that one billion people around the world use WhatsApp every …

Sponsor Posts

Microsoft:
Ariela Suster expands her mission of violence prevention  —  Entrepreneur takes tech to the next level giving men in El Salvador an alternative to gangs.
eero:
eero data report  —  Read about trends in connected device adoption, usage patterns and behaviors from 10 major metropolitan areas.
Intercom:
From signed up to satisfied  —  Getting new users is easy; keeping them is hard.  Join Intercom co-founder Des Traynor as he explains how to bridge the gap between a company's initial traction and sustained success.
Zoho:
Zoho Docs — better documentation for enhanced patient care  —  “A hospital in Rhode Island performed three brain surgeries on the wrong side of the brain in less than a year.”  -NBC News
Worldpay:
Join us at the Web Executive Forum on Nov 8th  —  We're moderating an awesome panel on the future of web payments.  See the full event agenda and register here.
 

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