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July 31, 2019, 4:10 PM
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| Tim Ingham / Music Business Worldwide: |
Spotify reports 108M paying subscribers in Q2, up 31% YoY, and an operating loss of €3M on revenue of €1.67B, up 31% YoY — Spotify closed its second calendar quarter this year with 108m paying subscribers and 232m total Monthly Active Users (MAUs).
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Spotify, Financial Times, The Verge, VentureBeat, TechCrunch, CNET, 9to5Mac, iMore, Spotify, RAIN News, Quartz, iPhone Hacks, Cult of Mac, Reuters, MacRumors, Engadget, Memeburn, Bloomberg, iDownloadBlog.com, and PYMNTS.com
| Cho Mu-Hyun / ZDNet: |
Samsung posts Q2 operating profit of ~$5.6B, down 56% YoY, on revenue of ~$47.4B, down 4% YoY, after profits from its chip and mobile businesses declined YoY — Samsung expects “persistent uncertainties” in the memory business for the remainder of the year but will pursue an aggressive investment plan in the second half.
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Samsung Global Newsroom, CNBC, AnandTech, Reuters, Bloomberg, Engadget, BBC, 9to5Google, Gizchina, FutureSin, Android Police, Digital Trends, Android Authority, MSPoweruser, TechCrunch, Wall Street Journal, SiliconANGLE, AppleInsider, Financial Times, and Reuters
Tweets: @neiltwitz and @neiltwitz
| Russell Brandom / The Verge: |
Apple joins Google, Facebook, and Twitter in the open-source Data Transfer Project, will develop interoperable systems to bring data in and out of iCloud — Just over a year after its official launch, the Data Transfer Project is announcing a new set of partners and features.| Alex Heath / The Information: |
Sources: Facebook is working on a new TV device that can stream video and make video calls using its Portal tech, and has approached Netflix, Disney, and others — Facebook has approached Netflix, Disney and other media companies about putting their streaming services on a new Facebook device …
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SiliconANGLE, AppleInsider, Financial Times, Thurrott, Engadget, Mashable, Variety, Neowin, The Verge, The Streamable, and Reuters. Tweets: @alexeheath
| Richard Waters / Financial Times: |
Filings: Alphabet's cash pile reached $117B, surpassing Apple's as the world's largest for the first time in 10 years, as Apple's declined from $163B to $102B — The corporate world has a new king of cash. The title for the company with the biggest financial reserves, held by Apple for a decade … | Wall Street Journal: |
Four major broadcast networks sue Locast, which is funded by AT&T, to try to stop it from freely retransmitting the signals of their local TV stations — CBS, ABC, NBCU and Fox say AT&T-funded Locast is retransmitting their signals without permission and in violation of copyright law
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Engadget, CNET, Axios, The Verge, Variety, The Streamable, and Light Reading
| Kate Clark / TechCrunch: |
Toronto-based Clearbanc, which offers $10K-$10M investments in e-commerce startups, says it raised $50M led by Highland Capital and announces a new $250M fund — That company disrupting venture capital just raised more venture capital. — Clearbanc has attracted $300 million …
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Digital Trends, Axios, BetaKit, Business Insider, Fast Company, Crunchbase News, and WWD
| Paris Martineau / Wired: |
Behind the rise of the funeral livestreaming industry in the US, where an estimated 20% of funeral homes offer livestreaming services — It was early enough in the morning that Natalie Levy probably shouldn't have been awake—she had recently left a high-stress job at a private-equity firm in San Francisco …
Tweets: @parismartineau and @nxthompson
| Raymond Zhong / New York Times: |
Trump's ongoing trade war with China has been a boon for Vietnam, as some tech companies, like Apple and Nintendo, consider shifting production there — Samsung already assembles half of its handsets in the country, which got a big lift from U.S. tariffs on Chinese goods. Now Apple is homing in.| Anna Baydakova / CoinDesk: |
Sources: Chinese importers in Russia buy ~$30M worth of tether, a USD pegged crypto coin, every day, to send large sums of money back home — The Takeaway — Chinese importers in Russia are buying up to $30 million a day of tether (USDT) from Moscow's over-the-counter trading desks.
More:
TechNode, CryptoGlobe, and PYMNTS.com
Tweets: @theanchor_io, @jp_koning, @coindesk, @karolcummins, and @baidakova
| Connie Loizos / TechCrunch: |
Lightricks, which makes the popular selfie editing app Facetune, raises $135M Series C led by Goldman Sachs at a post-money valuation of $1B — Facetune, a photo editing app that empowers users to cover their gray hairs, refine their jaw lines, and reshape their noses …
More:
PYMNTS.com, PR Newswire, FinSMEs, Reuters, PE Hub Blog, The Times of Israel, VentureBeat, and CTECH. Tweets: @starkupnation
| Zack Whittaker / TechCrunch: |
Researcher discovers unsecured Honda database, now secured, containing 134M rows of employee systems data that could help hackers compromise its systems — An exposed database at automotive giant Honda allowed anyone to see which systems on its network were vulnerable to unpatched security flaws …
More:
Rainbowtabl.es, Threatpost, BleepingComputer, and DataBreaches.net
| Kyle Wiggers / VentureBeat: |
Amazon announces general availability of Neural Text-to-Speech and “newscaster style” in Amazon Polly, its cloud service that converts text to speech — Not to be outdone by Google's WaveNet, which mimics things like stress and intonation in speech by identifying tonal patterns … | Megan Scudellari / IEEE Spectrum: |
Researchers from UCSF and Facebook Reality Labs have successfully decoded question-and-answer dialogue from brain signals in real time, via brain implants — The project is the first to decode question-and-answer speech from brain signals in real time — In 2017, Facebook's Mark Chevillet …
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Nature, Facebook Technology, The Verge, BBC, MIT Technology Review, Team IDs Spoken Words …, Inquirer, Vanity Fair, Towards Data Science, TechSpot, Telecoms.com, Engadget, KnowTechie, Digital Trends, The Next Web, The Guardian, Fortune, Fast Company, bit-tech.net, CNBC, PYMNTS.com, and TechCrunch
Tweets: @boztank, @ieeespectrum, @manjusrii, @ojcius, @staska, @ow, @ucsf, @erictopol, @farshchi, @samfbiddle, @techatfacebook, @techreview, @antonioregalado, and @glynmoody
| Dan Seifert / The Verge: |
Samsung announces Galaxy Tab S6, its most high-end Android tablet, with a 10.5-inch OLED display and Snapdragon 855, coming September 6 for $649+ — Thinner, lighter, and faster than the Tab S4 — Samsung has officially announced the new Galaxy Tab S6, a high-end Android tablet that's designed …
More:
BetaNews, Ars Technica, SiliconANGLE, Laptop Mag, Digital Trends, XDA Developers, Android Police, TechCrunch, 9to5Google, Gizmodo, Engadget, and Tom's Guide
Tweets: @dcseifert and @backlon
| Frederic Lardinois / TechCrunch: |
Google says its Titan security keys are now available in Canada, France, Japan, and the UK, expanding beyond the US — Google today announced that its Titan Security Key kits are now available in Canada, France, Japan and the UK. Until now, these keys, which come in a kit with a Bluetooth key …
More:
9to5Google and ZDNet
| Paul Sawers / VentureBeat: |
Harver, which offers pre-hire assessment software for high-volume hiring in enterprises, raises $15M Series B from Insight Partners — The robots are coming to steal our jobs, or so the popular narrative goes, but the reality of automation's impact on the workforce is somewhat more nuanced.
More:
ReadWrite, Tech.eu, FinSMEs, and EU-Startups
| Sarah Scoles / The Verge: |
Newly-released documents on Sentient, the NRO's ambitious analysis tool meant to guide spy satellites to areas of interest, raise more questions than answers — Meet the classified artificial brain being developed by US intelligence programs — At the final session of the 2019 Space Symposium …
Tweets: @scolessarah, @daniel_bilar, @scolessarah, @alishagrauso, and @verge
| Chris Welch / The Verge: |
In an apparent bid to sway Trump after he rejected Apple's request for Mac Pro part import exclusions, Tim Cook says Apple plans to make the Mac Pro in the US — But reports indicate new model will at least begin production in China — During this afternoon's call with investors …
More:
CNBC, Patently Apple, and Business Insider
| Apple: |
Apple reports Q3 revenue of $53.8B, up 1% YoY, record Services revenue of $11.5B, up from $10.2B YoY, iPhone revenue of $26B, down from $29.5B YoY; stock up 4%+ — Company Revenue Sets June Quarter Record Services Revenue Reaches New All-Time High — Apple today announced financial results …
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AppleInsider, iMore, TechCrunch, CNBC, MacRumors, Axios, Macworld, ZDNet, Bloomberg, Observer, TechCrunch, Los Angeles Times, Computerworld, Abacus, Six Colors, New York Times, Financial Times, Gizchina, Bloomberg, Silicon Republic, Coinspeaker, O'Grady's PowerPage, The Loop, RAIN News, Music Ally, South China Morning Post, MarketWatch, iPhone Hacks, SiliconANGLE, The Register, Neowin, Light Reading, Cult of Mac, AdExchanger, MSPoweruser, Ars Technica, TidBITS, MacDailyNews, NBC Bay Area, Fortune, Apple Must, Telegraph, SlashGear, The Streamable, and CNET
Tweets: @neilcybart, @neilcybart, @bleedsixcolors, @benbajarin, @stevekovach, @neiltwitz, @charlesarthur, @benbajarin, @neilcybart, @benbajarin, @mgsiegler, @neilcybart, @neilcybart, @neilcybart, @lanceulanoff, @daveleebbc, @ampressman, @lexnfx, @cnbcfastmoney, @financialtimes, @oluyomiojo, @fromedome, @daveleebbc, @markgurman, @charlesarthur, @neilcybart, @neilcybart, @neilcybart, @lexnfx, @reckless, @rogerwcheng, @neilcybart, @neilcybart, and @rogerwcheng
| Todd Haselton / CNBC: |
More:
Computerworld, Engadget, Silicon Republic, The Verge, 9to5Mac, and Macworld. Tweets: @stevekovach
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