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July 28, 2017, 3:05 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.
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| Laura Stevens / Wall Street Journal: |
Amazon quarterly profit fell 77% last quarter despite sales growth as it spent on new warehouses, delivery capacity, data centers, and hiring — Amazon.com Inc. AMZN -1.68% said quarterly profit fell 77% even as sales jumped, a sign of the high cost of its increasing dominance of retail.| Stipe / Nokiamob: |
As part of patent settlement, Nokia received upfront cash payment of €1.7B from Apple, Finnish company discloses during its earnings call — In today's financial results, Nokia mentioned that it had increased cash inflow thanks to an “up-front cash payment of approximately EUR 1.7 billion …
| David Gewirtz / ZDNet: |
iRobot clarifies CEO's comments, says it never intended to sell Roomba data, will only share data with other smart home devices with customer's permission — Exclusive: Are Roomba vacuum cleaners spying on you? Will iRobot sell your home's mapping data? iRobot's CEO sets the record straight.
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| Yoolim Lee / Bloomberg: |
Expedia leads $400M round for Indonesian travel site Traveloka by contributing $350M; source says Traveloka is now valued at $2B — Traveloka Holding Ltd. raised $400 million in a funding round led by Expedia Inc. that conferred a $2 billion valuation on Indonesia's largest online travel startup … | AltspaceVR Inc: |
AltspaceVR, a social platform for virtual reality, to shut down August 3 due to “unforeseen financial difficulties” — It is with a tremendously heavy heart that we let you all know that we are closing down AltspaceVR on August 3rd, 7PM PDT. The company has run …
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TechCrunch, TechSpot, Wired, Silicon Valley Business …, FinSMEs, Engadget, GamesIndustry.biz, Xconomy, The Verge, Road to VR, UploadVR, and Kotaku. Tweets: @doracheng
| Bloomberg: |
Huawei CEO confirms full-screen display on upcoming Mate 10, as company reports Q2 results, and says it is giving up on very low-end devices — It aims to ship as many as 150 million smartphones in 2017 — The Chinese firm chalked up $42 billion in first-half revenue| Khari Johnson / VentureBeat: |
Facebook unveils Messenger Platform 2.1 with built-in natural language processing, a payments SDK, and bot-to-human handover protocol in open beta — Facebook today launched Messenger Platform 2.1 with new features to give developers and brands more ways to reach potential customers … | Tim Peterson / Marketing Land: |
Twitter is testing a subscription service that automatically promotes advertisers' profiles and up to first 10 tweets a day for $99 per month — For a monthly fee, Twitter would promote up to 10 tweets a day in addition to running month-long Promoted Account ads.| Nat Levy / GeekWire: |
Redfin opens up 30%+ on its first day of trading, after pricing IPO at $15 per share and raising $138M at a valuation of $1.2B — Post updated with details on early trading. — Redfin stock popped as it debuted on the Nasdaq exchange Friday morning, opening at close to $20 and climbing, well above the opening price of $15.
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Axios, MarketWatch, GeekWire, PE Hub Blog, and Redfin
| Jonathan Vanian / Fortune: |
With revenues of $15.8B from semiconductor unit, Samsung becomes the biggest chip maker in the world, topping Intel, which brought in $14.76B in sales in Q2 — All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.
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San Francisco Chronicle, CNBC, and Associated Press
| Ingrid Lunden / TechCrunch: |
Will.i.am's wearable startup i.am+ acquires Wink smart home hub from Flex — Wink — the smart home hub and platform originally incubated inside the failed connected object maker Quirky, and then acquired by Flextronics (now known as Flex) as part-payment for Quirky's debts …
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Engadget, Mashable, Android Police, The Verge, and Fortune
Tweets: @ingridlunden, @ingridlunden, @davezatz, and @benvblanco
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