July 27, 2016, 11:00 PM

Top News

Facebook Reports Second Quarter 2016 Results  —  Facebook, Inc. (NASDAQ: FB) today reported financial results for the quarter ended June 30, 2016.  —  “Our community and business had another good quarter,” said Mark Zuckerberg, Facebook founder and CEO.  “We're particularly pleased …
Josh Constine / TechCrunch:
Facebook reports Q2 revenue of $6.44B vs $6.02B expected, $0.97 EPS vs $0.82 expected; mobile ad revenue 84% of total ad revenue, up from 76% last year  —  Coming off an all-time high stock price of $123.34, Facebook in Q2 2016 smashed earnings again.  The social network continued steady growth …
Apple says it has now sold over a billion iPhones  —  Cupertino, California July 27, 2016At an employee meeting in Cupertino this morning, CEO Tim Cook announced that Apple recently sold the billionth iPhone.  —  “iPhone has become one of the most important, world-changing and successful products in history.
Ina Fried / Recode:
Microsoft launches Pix, a free camera app for the iPhone that uses AI to enhance photos  —  Born in the company's research labs, Microsoft Pix focuses on taking better pictures of people.  —  Don't look now, but Microsoft is becoming a serious player in the world of iPhone apps.
Raj Iyengar / The Official Google Blog:
Google Play launches Family Library, a way for up to 6 family members to share purchases across devices  —  Friday night is movie night at our home, and my wife and I look forward to our weekly ritual of putting the kids to bed, getting some takeout, and catching up on our movie wishlist.
Shari Steele / The Tor Blog:
External investigator hired by Tor confirms inappropriate conduct by Jacob Appelbaum; Tor creates anti-harassment policy, complaints process, community council  —  Seven weeks ago, I published a blog post saying that Jacob Appelbaum had left the Tor Project, and I invited people to contact …
Sarah Perez / TechCrunch:
Tumblr launches ads on all users' blogs Thursday, will unveil revenue program for partners later in 2016; users can opt out of ads on their blogs  —  Tumblr this week quietly announced plans to roll out a new advertising program across its site which will see it implementing ads across users' blogs.
Richard Lai / Engadget:
Xiaomi unveils $750 Mi Notebook Air laptop in 13.3" and 12.5" sizes, launches in China August 2  —  It wouldn't be a Xiaomi event if it was just announcing one product.  In addition to the new Redmi Pro smartphone, the Chinese company threw in a huge surprise by launching its first-ever laptop line …

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