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July 26, 2018, 9:55 AM
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Top News

Reuters:
Qualcomm says it will drop its $44B NXP offer as the deadline passed with no approval from China and pay a $2B breakup fee to NXP  —  SAN FRANCISCO/BEIJING (Reuters) - The deadline for Qualcomm Inc (QCOM.O) to buy NXP Semiconductors (NXPI.O) passed at midnight U.S. eastern time without …
Shara Tibken / CNET:
Amid patent dispute, Qualcomm says it believes Apple intends to solely use modems from a competitor, likely Intel, for the next iPhone release  —  Apple appears to be making some big changes to the chips in its upcoming iPhones — and that could mean your next iPhone downloads data slower than rival Android devices.
Qualcomm:
Qualcomm reports Q3 revenues of $5.6B, up 4% YoY, net income of $1.2B, up 41% YoY; says it will terminate proposed acquisition of NXP  —  SAN DIEGO - July 25, 2018 - Qualcomm Incorporated (NASDAQ: QCOM) today announced results for its fiscal third quarter ended June 24, 2018.
Facebook:
Facebook reports Q2 revenue of $13.23B, up 42% YoY, 1.47B DAUs, up 11% YoY, and net income of $5.1B, up 31% YoY  —  Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter ended June 30, 2018.  —  “Our community and business continue to grow quickly,” said Mark Zuckerberg, Facebook founder and CEO.
Josh Constine / TechCrunch:
Facebook's Q2 earnings saw MAUs climb just 1.54%, down from Q1's 3.14%, marking its slowest ever growth rate, and revenue of $13.23B missed estimates of $13.36B
Josh Constine / TechCrunch:
Facebook's share price closed Wednesday at $217.50, a record high, but fell to around $172 after its Q2 earnings call, a market cap drop of roughly $123B
Andrew Martonik / Android Central:
Samsung announces it is developing flexible OLED display certified as “unbreakable” by Underwriters Laboratories, that survived 26 4-foot drops  —  This is the direction the industry is heading.  —  Samsung Display has announced that it has developed a truly “unbreakable” …
Cyrus Farivar / Ars Technica:
In a test conducted by the ACLU, Amazon's Rekognition facial recognition tech erroneously matched 28 members of Congress, 6 of them black, to criminal mugshots  —  ACLU: “And running the entire test cost us $12.33—less than a large pizza."  —  The American Civil Liberties Union …
Kurt Wagner / Recode:
Facebook acquires Redkix, the email startup that combines email, messaging, and calendar features into one app, plans to integrate it with Workplace  —  The email startup is joining Workplace, the social network's enterprise offering.  —  Facebook has acquired Redkix, an email startup that combines email …
Bloomberg:
A look at how Google treats its contract workers, some of whom write code, recruit staff, and manage teams, yet don't have access to the firm's celebrated perks  —  About half of Google's workers are contractors who don't receive the same benefits as direct employees
Jon Levine / The Wrap:
Twitter CEO addresses claims about some Republican leaders not appearing in search auto-suggestions, points to a thread that offers explanation and vows changes  —  The latest allegations of shadow banning on the platform were sparked by a Vice News report  —  Twitter has hit …
Paul Sawers / VentureBeat:
Scandit raises $30M Series B led by GV to bring AR and computer vision to mobile barcode scanning for enterprises  —  Scandit, a Swiss barcode scanning platform for mobile enterprise apps, has raised $30 million in a series B round of funding led by Alphabet's venture capital (VC) arm GV.
More: TechCrunch
Reuters:
Sources: Chinese social commerce startup Pinduoduo raises $1.63B after pricing its US IPO at $19/share, the high end of the range, valuing the company at $23.8B  —  HONG KONG (Reuters/IFR) - Chinese online group discounter Pinduoduo Inc (PDD.O) priced its U.S. initial public offering (IPO) …
Romain Dillet / TechCrunch:
Coinbase partners with WeGift to let Coinbase customers in Australia and select EU countries convert their tokens to digital gift cards at popular stores  —  It's still quite hard to buy physical goods using bitcoins or ethers.  Coinbase plans to (partially) solve that issue with a new partnership with WeGift.
Alfred Ng / CNET:
Google unveils Titan Security Key, a phishing resistant 2FA device that has USB and Bluetooth versions for ~$20 and ~$25 each, coming to all within a few months  —  When Google boasted that none of its 85,000-plus employees had their accounts hacked since early 2017, it was all thanks …

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From Mediagazer

Jessica Toonkel / Wall Street Journal:
Sources: Paramount Global's board is considering replacing CEO Bob Bakish with an “Office of the CEO” made up of division heads on an interim basis

Jeff Jarvis / BuzzMachine:
The New York Times is broken, shown by its entitled, petulant reaction to Politico's report on its tense relationship with Biden

Andrew Marchand / The Athletic:
Sources: Amazon Prime Video has a framework deal for NBA broadcast rights for at least a decade, starting in 2025-26; ESPN/ABC is expected to keep the finals

More News

Dona Sarkar / Windows Blog:
Microsoft releases Windows 10 test build with Flashlight, which lets VR users look at their physical environment, and a predictive model for starting updates
Erin Teague / YouTube Blog:
YouTube adds a Watch Together button to its VR app on Daydream View and Samsung Gear VR that lets users watch and discuss videos with others in a virtual space

Earlier Picks

Casey Newton / The Verge:
Sources: YouTube removed four videos from Alex Jones' channel for hate speech and child endangerment, but counted the takedowns as one strike toward the channel
Tom Krazit / GeekWire:
Google announces its Cloud IoT Edge software and Edge TPU chip, which will be released as a reference design in October, to bring machine learning to IoT
Edgar Alvarez / Engadget:
Facebook rolls out Watch Party, a feature that lets users simultaneously watch, comment, and react to Facebook videos together, to all users
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