Techmeme
July 24, 2014, 9:15 PM

Top News

Amazon:
Amazon.com Announces Second Quarter Sales up 23% to $19.34 Billion  —  Amazon.com, Inc. (NASDAQ:AMZN) today announced financial results for its second quarter ended June 30, 2014.  —  Operating cash flow increased 18% to $5.33 billion for the trailing twelve months, compared with $4.53 billion …
Dean Takahashi / VentureBeat:
Google's $1B purchase of Twitch confirmed — joins YouTube for new video empire  —  Google has reached a deal to buy game livestreaming firm Twitch for $1 billion, according to sources familiar with the matter.  —  Citing unnamed sources, Variety said back in May that Google had made an all-cash offer …
Jason Del Rey / Re/code:
Facebook and Uber Discuss Integration of Car Service Into Messenger  —  Mark Zuckerberg must be looking to Asia for inspiration for the kind of platform Facebook Messenger could become.  —  Here's one idea: An integration with popular car-hailing service Uber that would be beneficial to both companies and, presumably, their users.
Andy Greenberg / Wired:
How Hackers Hid a Money-Mining Botnet in the Clouds of Amazon and Others  —  Hackers have long used malware to enslave armies of unwitting PCs, but security researchers Rob Ragan and Oscar Salazar had a different thought: Why steal computing resources from innocent victims when there's …
Tweets: @pirateorg
Faryaab S. / SamMobile:
Exclusive: Samsung Gear VR setup walkthrough, First look at Gear VR Manager  —  A few weeks ago, we exclusively confirmed the existence of Samsung's upcoming virtual reality headset, the Gear VR, and revealed some new information about it and posted a render of the actual device.
Janko Roettgers / Gigaom:
Sarah Perez / TechCrunch:
Instagram's “Bolt” Leak Could Be A New Facebook App Or An App Install Ad Test  —  Some Instagram users are reporting having briefly seen a banner advertisement within the Instagram application which pointed to a new app called “Bolt,” described as a “one tap photo messaging” app.
Politico:
President Barack Obama to issue executive order on drone privacy  —  President Barack Obama plans to issue an executive order to develop privacy guidelines for commercial drones operating in U.S. airspace, POLITICO has learned.  —  The order would put the National Telecommunications …
Ravi Somaiya / New York Times:
Joshua Topolsky, editor in chief of The Verge, joins Bloomberg as editor of a series of new online ventures, will be replaced by Nilay Patel  —  Josh Topolsky of The Verge Is Joining Bloomberg  —  Josh Topolsky, the co-founder of the technology website The Verge, will join Bloomberg …
Tracy Chou / Pinterest engineering blog:
Pinterest releases diversity report: global employees are 60% male, 50% Caucasian, 42% Asian  —  Diversity and Inclusion at Pinterest  —  Last October, I posed the question: “Where are the numbers?”.  It was a call to action for the tech industry to share metrics on diversity in the workplace.
Tracey Lien / Polygon:
Sony agrees to $15M settlement in 2011 data breach class action  —  Sony today agreed to a $15 million preliminary settlement in a class action lawsuit over its 2011 data breach, which led to the theft of names, addresses and possibly credit card data belonging to 77 million user accounts.
Ernesto / TorrentFreak:
Pirate Bay Launches Mobile Site, Teases More Expansions  —  One of The Pirate Bay's strengths has been its resilience.  No matter how hard the movie and music industries try, the site remains operational.  —  Over the years the Pirate Bay site has undergone many changes to make it harder to shut down.

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TechCrunch Disrupt SF:
Catch the founder & CEO of Revolut at Disrupt SF  —  Nikolay Storonsky took his company from a $350 million valuation to a $1.7 billion valuation in under six months.  Hear how he did it at Disrupt SF this September.

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