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Techmeme
July 27, 2017, 9:30 PM
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Amazon.com:
Amazon reports Q2 revenue of $38B, up 25% YoY, as net income drops from $857M to $197M YoY; AWS revenue rose 42% YoY to $4.1B; headcount reaches 382K, up 31K  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2017.
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 on the iPhone.
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 surpassed 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
Khari Johnson / VentureBeat:
Facebook unveils Messenger 2.1 with built-in natural language processing, payments SDK, and a handover protocol service which is now in open beta  —  Facebook today launched Messenger Platform 2.1 with new features to give developers and brands more ways to reach potential customers …
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.
John Shinal / CNBC:
Report: Google has bought 52 properties in Sunnyvale, California, for $820M to fill in gaps near other campuses  —  - The report comes one month after Google won exclusive rights with the city of San Jose to buy land there.  — Google, which said earlier this week it now has more than 72,000 employees …
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 …
Rita El Khoury / Android Police:
LG's mobile division lost $117.2M in Q2, down from a $132M loss in Q2 2016, on $2.39B revenue; LG blames “weaker than expected” G6 sales  —  LG Home Appliance and Air Solutions Company Again Leads All Business Units;  —  Overall Profitability and Revenues Up Despite Challenging Quarter for Mobiles

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The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Lulu Garcia-Navarro / New York Times:
Q&A with Scott Pelley on his last days at 60 Minutes, CBS News' Bari Weiss era, “Black Thursday massacre” firings, confronting Nick Bilton publicly, and more

Samuel Stolton / Bloomberg:
Sources: Paramount Skydance is open to selling some children's TV network assets to help win EU approval of its $110B bid for WBD ahead of a July 7 deadline

Anthony D'Alessandro / Deadline:
Backrooms, which has a budget of ~$10M, becomes A24's highest grossing movie ever with $212.6M in global box office in ten days, beating Marty Supreme's $191.2M

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