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July 31, 2019, 6:50 PM
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| Tim Ingham / Music Business Worldwide: |
Spotify reports 108M paying subscribers in Q2, up 31% YoY, revenue of €1.67B, up 31% YoY, and an operating loss of €3M — Spotify closed its second calendar quarter this year with 108m paying subscribers and 232m total Monthly Active Users (MAUs).| 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 …
More:
SiliconANGLE, AppleInsider, The Streamable, Financial Times, Variety, Engadget, Reuters, Thurrott, Mashable, Neowin, and The Verge
Tweets: @alexeheath and @brandonleblanc
| 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 …
More:
Digital Trends, Axios, PYMNTS.com, Business Insider, WWD, Fast Company, Crunchbase News, and BetaKit
| 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 Wilhelm / Crunchbase News: |
Report: Cloudflare plans to pursue an IPO in September and has filed a confidential S-1 with the SEC; it was valued at ~$3.2B in its $150M March Series E — Morning Markets: Cloudflare is reportedly going public this year, meaning that we have at least two big-name IPOs left in the tank.
Source:
Business Insider
| 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 … | 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.
More:
Samsung Global Newsroom, CNBC, Reuters, Bloomberg, Engadget, 9to5Google, Gizchina, FutureSin, Android Police, AnandTech, Digital Trends, PYMNTS.com, Android Headlines, BBC, TechCrunch, Wall Street Journal, SiliconANGLE, AppleInsider, Financial Times, and Reuters
Tweets: @neiltwitz and @neiltwitz
| 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
More:
Engadget, Variety, CNET, Axios, The Verge, Light Reading, and The Streamable
| 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.| 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
| 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, Tom's Hardware, and ZDNet
| Rebecca Aydin / Business Insider: |
Sex tech startups protest outside Facebook's NYC offices, saying it bars them from running ads, and launch site to show alleged double standard of ad approvals — - The women's wellness companies say Facebook has not allowed them to run ads for their products on Facebook or Instagram.| Stephanie Condon / ZDNet: |
Qualcomm misses with Q3 revenue of $4.9B, down 13% YoY, and licensing revenue of $1.29B, down 10% YoY; stock down 4%+ after hours — Qualcomm says it is well positioned for the 5G ramp to come in early 2020. — Qualcomm published its third quarter financial fiscal 2019 results on Wednesday … | Shara Tibken / CNET: |
A look at the potential benefits of 5G in a variety of applications and services, including AR/VR, healthcare, emergency response, connected cars, and broadband — Take a five-minute walk behind Qualcomm's main office in San Diego and you'll find an unlikely kind of lab.| Sean O'Kane / The Verge: |
DJI unveils new goggles for its drones, offering a 720p streaming first-person view, and a new controller, both geared toward racing and available now from $819 — The Chinese giant's first serious move into a growing niche market — DJI is making a fairly bold move into the world of first-person view …
More:
Engadget, DroneDJ, DroneDJ, TechCrunch, and CNET
| Taylor Soper / GeekWire: |
Amazon has acquired Israeli enterprise flash storage startup E8 Storage, which has raised $18M+; sources say the deal was worth under $50M — Amazon has acquired enterprise flash storage startup E8 Storage. Founded in 2014, the company sold a rack-scale software storage solution for the cloud.
More:
TechCrunch, Globes Online, SiliconANGLE, Reuters, and CNBC
| 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
| 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, The Daily Dot, The Hill, and Silicon Republic
| Olivia Carville / Bloomberg: |
Court filing: former IBM HR VP Alan Wild says the company has fired 50,000 to 100,000 staff in recent years; ongoing litigation argues older staff were targeted — - Moves were to make IBM appear as ‘cool’ as Google and Amazon — Big Blue is facing several age-discrimination lawsuits
Tweets: @zachweinberg
| 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 … | 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:
PR Newswire, FinSMEs, Reuters, PE Hub Blog, The Times of Israel, CTECH, VentureBeat, and PYMNTS.com. Tweets: @starkupnation
| 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, @alishagrauso, @verge, @scolessarah, and @daniel_bilar
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