Techmeme: Yelp stock dropped 28% Wednesday following grim earnings; company cited rising talent costs amid competition with “unicorns” (Carmel DeAmicis/Re/code)

Open Links In New Tab

Mobile Archives Advertise Site News Contact Editors

July 30, 2015, 2:35 PM

Top News

Cory Weinberg / bizjournals:

Sources: Apple agrees to rent 75K square feet of office space in San Francisco's SoMa, in first big push into the city — Apple dives into SoMa for first big S.F. real estate grab — The San Francisco office market may get its first big bite of Apple. — Apple Inc. (NASDAQ: AAPL) …

More: MacRumors, 9to5Mac, AppleInsider, MacNN, iPhone in Canada Blog, iMore and Cult of Mac. Tweets: @kimmaicutler

Re/code:

Sources: NBCUniversal close to investing $250M in BuzzFeed at a $1.5B valuation, also investing in Vox Media at a $850M valuation — NBCUniversal Poised to Make Big Investments in BuzzFeed and Vox Media — NBCUniversal is close to a deal to invest $250 million in BuzzFeed …

More: Business Insider, International Business Times, USA Today, Wall Street Journal, New York Times, BuzzFeed, Tubefilter, Rapid News Network, BGR and Seeking Alpha

Tweets: @mattbuchanan, @davezatz and @mims

See also Mediagazer

Sebastian Anthony / Ars Technica:

Wi-Fi Sense in Windows 10, used to share access to Wi-Fi networks with contacts, requires opt in, encrypts passwords, and is easily disabled — Wi-Fi Sense in Windows 10: Yes, it shares your passkeys; no, you shouldn't be scared — You have to manually opt into every Wi-Fi network that you want to share.

More: ZDNet, GeekWire, Laptop Mag, Krebs on Security, Rapid News Network, The Overspill, Forbes and NPR

Andy Chalk / PC Gamer:

Windows 10 Solitaire requires a subscription to remove ads

More: TechnoBuffalo, MCV: Home Stream, Kotaku, SlashGear and Gizmodo

Tweets: @jonyiveparody and @tomwarren

Kirk Koenigsbauer / Office Blogs:

Microsoft launches Office Mobile for Windows 10 tablets, with Word, Excel, PowerPoint, and OneNote built for touch

More: Mashable, Windows Blog, ZDNet, SlashGear, MSDN Blogs, The Register, WinBeta, Windows Central, Microsoft News and Laughing Squid

Tom Warren / The Verge:

Microsoft execs speak about how they dealt with feedback for Windows 10, unifying platforms

More: InformationWeek, Neowin, Tech Times, Slate, Pocketnow, Windows Central, Yahoo Tech and WinBeta

Leena Rao / Fortune:

Uber to lease cars directly to UberX drivers with Xchange Leasing pilot program, which includes unlimited mileage and limited early termination fees — Uber now offers its own car leases to UberX drivers — As Uber continues to evolve beyond just dominating on-demand rides …

More: San Francisco Chronicle, Reuters, Re/code and Seeking Alpha. Tweets: @leenarao

Evan Sharp / Pinterest Blog:

Pinterest makes diversity hiring goals for 2016 public for accountability and promises to share findings on what works — Our plan for a more diverse Pinterest — There's been a lot of talk lately about the lack of diversity in the tech industry. Back in 2013, one of our engineers Tracy …

More: VentureBeat, Medium, USA Today, Wall Street Journal, SiliconBeat, The Verge, ReadWrite, The Next Web and TechCrunch. Tweets: @mikeisaac. Thanks:@jamiefavazza

Min-Jeong Lee / Wall Street Journal:

Samsung Q2 profit down 8% YoY, fifth straight quarterly profit drop as Galaxy S6 falls short of market expectations — Samsung Profits Hurt By Smartphone Price Declines — Cheaper smartphone models from China and India could fuel further price cuts — SEOUL- Samsung Electronics Co …

Mike Masnick / Techdirt:

Study: Shutdown of Google News and other aggregators in Spain hurt news sites' traffic and ad revenue, particularly for new and smaller publishers — Study Of Spain's ‘Google Tax’ On News Shows How Much Damage It Has Done — As you may recall, governments across Europe …

More: Search Engine Land. See also Mediagazer

Roger Cheng / CNET:

T-Mobile beats estimates in Q2 with profit of $361M, revenue of $8.2B, and strong subscriber growth — T-Mobile blows away profit expectations as customer growth surges — The carrier continues its torrid pace of customer growth amid stiff competition in the wireless business.

More: T-Mobile Newsroom, DSLreports, Reuters, iMore, Digital Trends, Bloomberg Business, Wall Street Journal and TmoNews. See also Mediagazer

Sarah Perez / TechCrunch:

Groupon launches Groupon To Go food delivery service, available in Chicago, expanding to other metro regions in US throughout the year — Groupon Launches Its Own Food Delivery Business, Groupon To Go — Following its acquisition of food delivery service OrderUp earlier this month …

More: Business Wire, SiliconBeat, VatorNews, CNET, Re/code, The Next Web, The Verge, Adweek, Chicago Tribune and USA Today

Ingrid Lunden / TechCrunch:

Sources: Caller ID app Truecaller looking to raise around $100M at a $1B valuation — Caller ID App Truecaller Is Raising $100M At A $1B Valuation — Communications apps that strike a chord with users across different markets are hot property these days, and it looks like another …

David Meyer / Politico:

Google asks French data protection authority CNIL to withdraw its order forcing right to be forgotten delistings to be applied globally — Google challenges global ‘right to be forgotten’ order — Don't make us apply European laws around the world, Google pleads.

More: The Verge, Wall Street Journal, Re/code, New York Times, VentureBeat and Guardian. See also Mediagazer

Jason Koebler / Motherboard:

Obama's New Executive Order Says the US Must Build an Exascale Supercomputer — President Obama has established a new initiative across multiple government agencies that will focus entirely on creating the fastest supercomputers ever devised. The National Strategic Computing Initiative …

More: The White House, The White House, Engadget, Ubergizmo, ExtremeTech, Wired, Tech Times, ZDNet, The Register, Slashdot and FedScoop. Thanks:@adrjeffries

Jon Russell / TechCrunch:

Sony Posts $780M Profit On Strong PlayStation And Sensor Businesses — Sony today reported a $780 million operating profit for Q1 2015, up 39 percent annually, as the company's camera sensor business and PlayStation 4 arm pushed it past analyst expectations.

More: Ars Technica, Engadget, CNET, Associated Press, 9to5Google, Wall Street Journal, Bloomberg Business and BBC

Carmel DeAmicis / Re/code:

Yelp stock dropped 28% Wednesday following grim earnings; company cited rising talent costs amid competition with “unicorns” — Yelp Admits the Unicorn Bubble Is Hurting Its Profits — Yelp debuted “surprise losses” on its earnings yesterday, causing its stock to plummet 28 percent by the next day.

More: CNBC and Search Engine Watch. Tweets: @joshconstine

Leena Rao / Fortune:

Max Levchin resigns as chairman of Yelp's board to focus on his lending startup Affirm

More: PR Newswire, TheStreet.com, Financial Times, MarTech Advisor, Business Insider, Entrepreneur, USA Today, SiliconBeat, Wall Street Journal and Bloomberg Business

Financial Times:

Facebook mobile ads accounted for $2.9B in revenue, roughly 72% of total Q2 sales — Mobile advertising propels Facebook revenues — Facebook revenues soared by nearly two-fifths in the three months to June as advertisers increasingly turned to the social networking group's mobile applications to reach consumers.

More: Re/code, VentureBeat, Adweek, Fortune and Wired

Josh Constine / TechCrunch:

Facebook Beats In Q2 With $4.04B Revenue, User Growth Slows To 3.47% QOQ To Hit 1.49B

More: Nieman Lab, Wall Street Journal, Tech Trader Daily, TechCrunch, PYMNTS.com, internetretailer.com, Fone Arena, MediaNama, TechEye, Business Insider, Inc.com, VentureBeat, SiliconANGLE, The Verge, US News, Forbes, ZDNet, Quartz, eWeek, The Register and Tech Trader Daily

Tweets: @lexnfx and @mattrhodes

Thanks:@drew

Sponsor Posts

Subquadratic:

Subquadratic: the LLM built for 12M-token reasoning — SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds. Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens.

Cape:

Most carriers track everything. Cape doesn't. — Unlimited talk, text & data, 24-hr metadata deletion, network ID rotation, SIM-attack defense, and more. Switch today and get 29% off for life.

Zoho:

Cliq 7.0: Built to keep work flowing — Work feels seamless when information is available when you need it, wherever you're working, and without extra clicks. This year, our main goal was to cut through the noise …

IDrive:

Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Sponsor Techmeme

Featured Podcasts

Channels with Peter Kafka:

The $12.5 Billion Lakers, the NFL's TV Fight, and Sports Media's Big Split

Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.

Subscribe to Channels with Peter Kafka.

Big Technology Podcast:

Nick Bostrom: Worries About AI Existential Risk Just Became More Concrete

The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.

Subscribe to Big Technology Podcast.

Training Data:

Rich Sutton and Khurram Javed: Why AI Models Stop Learning, and How to Start It Again

Sequoia Capital partners host conversations with leading AI builders and researchers to develop a deeper understanding of the evolving technologies and their implications.

Subscribe to Training Data.

Invest Like the Best:

Ben Thompson on Big Tech, China, and the AI Boom Running Out of Money

The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.

Subscribe to Invest Like the Best.

Lenny's Podcast:

OpenAI's Head of Design: This is the best time in history to be a designer | Ian Silber

Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.

Subscribe to Lenny's Podcast.

Tools and Weapons with Brad Smith:

Connecting the Unconnected: Doreen Bogdan-Martin

Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.

Subscribe to Tools and Weapons with Brad Smith.

Add your podcast here

About This Page

This is a Techmeme archive page. It shows how the site appeared at 2:35 PM ET, July 30, 2015.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.