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Techmeme
January 27, 2017, 3:00 PM
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Top News

Emil Protalinski / VentureBeat:
Microsoft reports Surface revenue down 2% YoY to $1.32B as Azure revenue increased 93% and Phone revenue declined 81%  —  Microsoft today reported earnings for its second fiscal quarter of 2017, including revenue of $26.1 billion, net income of $6.5 billion, and earnings per share of $0.83.
Ryan Lawler / TechCrunch:
Microsoft reports Q2 revenue of $26.1B, up from $25.7B last year, as Office 365 revenue grew 10% for the quarter to $7.4B and IC revenue grew 8% YoY to $6.9B
Bloomberg:
Alibaba's Ant Financial buys US-based international money transfer service MoneyGram for $880M, an 11.5% premium to MoneyGram's Wednesday closing price  —  Ant Financial, the Alibaba affiliate controlled by billionaire Jack Ma, is close to sealing a deal to buy U.S. money-transfer service …
Darrell Etherington / TechCrunch:
Tesla files suit against former Autopilot director, says he took proprietary information and tried to poach staff for his new self-driving car startup Aurora  —  Tesla has sued former employee Sterling Anderson, who acted as Director of its Autopilot Programs for just over a year, for breach of contract.
Partnership on Artificial Intelligence:
Apple joins Partnership on AI, the research group that includes Amazon, Google, Facebook, and Microsoft  —  It has been rewarding and energizing to see all of the enthusiastic support about the Partnership on AI to Benefit People and Society (Partnership on AI) following our announcement in September.
Reuters:
Toshiba says it is looking to sell a minority stake in its memory chip business unit to offset an imminent multi-billion dollar writedown  —  Toshiba Corp (6502.T) said it will sell a minority stake in its memory chip business as it urgently seeks funds to offset an imminent multi-billion dollar writedown …
Andy Greenberg / Wired:
The value of hyper-anonymous cryptocurrency Monero has risen 2,760% from 50¢ to $12 over the past year; the collective value of all Monero is close to $165M  —  For the cryptocurrency community, 2016 was a very good year.  Bitcoin doubled in price.  The far-out Bitcoin alternative Ethereum shot up by a factor of 10.
Tiernan Ray / Tech Trader Daily:
VMware reports Q4 revenue of $2.03B, up 8.7% YoY, announces $1.2B stock buyback plan  —  Shares of virtualization software makers VMware (VMW), majority owned by privately held Dell, are up $3.25, or almost 4%, at $87.47, in late trading, after the company this afternoon reported Q4 revenue …

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From Mediagazer

Joe Flint / Wall Street Journal:
Sources: David Ellison has picked HBO content chief Casey Bloys to oversee streaming operations following Paramount's acquisition of WBD

Lucas Shaw / Bloomberg:
Sources: David Fincher won't renew his Netflix deal when it expires in 2027; he isn't leaving for a rival studio and could still make his next movie at Netflix

Andrea González-Ramírez / The Cut:
Q&A with two Cornell Daily Sun student journalists on breaking the news of a suit alleging seven students raped a woman, followed by a fiery editorial, and more

More News

Earlier Picks

Matthew Lynley / TechCrunch:
Alphabet beats Q4 estimates with $26.06B revenue; Other Bets revenue up from $150M a year ago to $262M as division's losses shrink to $1.1B from $1.2B
Emil Protalinski / VentureBeat:
Chrome 56 arrives with 28% faster page reloading, “Not secure” warning for HTTP password and credit card forms
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