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January 31, 2019, 12:05 PM
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Top News

CNBC:
Intel names Robert Swan CEO, its seventh one in 50 years, following the ouster of Brian Krzanich in June 2018  —  - Analysts and media outlets speculated early on about several possible candidates, including two female executives who had left Intel in the relatively recent past.
Facebook:
Facebook reports Q4 net income of $6.9B, up 61% YoY, revenue of $16.9B, up 30% YoY, DAUs of 1.52B, up 9% YoY, and headcount of 35,587, up 42% YoY; stock up 11%+  —  Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter and full year ended December 31, 2018.
Nick Summers / Engadget:
Nintendo reports Q3 profit of ~$1.5B, up 36% YoY, on revenue of $5.6B, up 26% YoY, sells 9.41M Switch consoles, but cuts its fiscal year target from 20M to 17M  —  Nintendo sold 9.41 million Switch consoles in the three months leading up to December 31st, 2018, bringing lifetime sales to 32.27 million.
Rob Price / Business Insider:
Memo: Facebook confirms Apple disabled access to internal iOS apps and says it's “working closely” to reinstate “our most critical internal apps immediately”
The Verge:
Apple shuts down Facebook's ability to distribute internal iOS apps, blocking staff transportation app and early releases of Facebook, Instagram, and Messenger
Josh Constine / TechCrunch:
Apple says it revoked Facebook's Enterprise Certificate yesterday used to distribute the Research app outside of App Store, before Facebook could shut it down
Bloomberg:
Sources: Apple tests USB-C iPhones and iOS dark mode for 2019, plans updated 10" iPad this spring, laser-based 3D cameras to aid AR on iPhones as soon as 2020  —  - Company is testing a triple camera system for 2019 phones  — New low-end iPads and an updated iPhone XR also in the works
Kyle Wiggers / VentureBeat:
IDC: 375.4M smartphones shipped in Q4 2018, down 4.9% YoY, closing out worst year; Apple shipped estimated 68.4M iPhones, down 11.5% YoY; Samsung was top vendor  —  The smartphone market isn't looking too hot.  In a report published today, research firm International Data Corporation (IDC) …
Kyle Wiggers / VentureBeat:
Google says Google+ for consumers will shut down April 2; all content posted by consumer accounts, including Google+ pages, photos, and videos, will be deleted  —  In late 2018, Google announced that it would shut down Google+, its beleaguered social network, for consumers due to “low usage” …
Sam Byford / The Verge:
Samsung reports Q4 revenue of $53.3B, down 10% YoY, operating profit of $9.7B, down 29% YoY, says earnings primarily affected by falling demand for memory chips  —  Samsung Electronics has turned in an earnings report in line with its guidance, as happens every quarter.
Athena Jones / CNN:
New York AG, in precedent-setting settlement, finds selling fake followers and likes or using stolen IDs on social media is illegal in its case against Devumi  —  New York (CNN Business)A company that brought in millions of dollars in revenue by creating fake social media posts and comments …
Microsoft:
Microsoft Q2: revenue of $32.5B, up 12% YoY; Productivity and Business Processes revenue of $10.1B, up 13% YoY; Intelligent Cloud revenue of $9.4B, up 20% YoY  —  Microsoft Cloud Strength Fuels Second Quarter Results  —  REDMOND, Wash. — January 30, 2019 — Microsoft Corp. today announced …
Frank Chaparro / The Block:
Binance now allows users to buy cryptocurrencies like bitcoin, ethereum, litecoin, and XRP with a credit or debit card  —  Binance, the largest spot cryptocurrency exchange by trading volume, is now accepting credit and debit cards for crypto payments, the firm announced Thursday.
Kyle Wiggers / VentureBeat:
Augury, which uses AI to predict equipment failure based on ultrasonic vibrations, raises $25M Series C led by Insight Venture Partners  —  What do you hear when you put your ear up against a rumbling combustion engine, a whirring fan, or a thumping pneumatic press?  Probably noise.
More: FinSMEs and PE Hub Blog

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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

Financial Times:
OpenAI hopes the Disney deal boosts Sora, which has high costs and limited traction; Sensor Tower: users average 13 minutes per day on Sora vs. 90 on TikTok

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

More News

Christine Kim / CoinDesk:
“Wrapped Bitcoin” (WBTC), a joint initiative between BitGo and other partners, has launched its ERC-20 token that is backed one-to-one by a regular bitcoin

Earlier Picks

TechCrunch:
Google disables its Screenwise Meter app on iOS, which coaxed users into sharing info in a manner similar to Facebook's Research app but with better disclosure
Jack Nicas / New York Times:
Analysis: Facebook's estimates for active fake accounts it reported in filings each quarter was significantly smaller than the number it said it had taken down
Michael Bott / NBC Bay Area:
Unsealed court documents: FBI arrests second Chinese Apple employee for allegedly trying to steal trade secrets related to Apple's autonomous vehicles
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