Techmeme
January 27, 2017, 10:55 AM

Top News

Supantha Mukherjee / Reuters:
Microsoft's market value tops $500B for the first time since 2000, after its Q2 earnings beat analyst expectations  —  Microsoft Corp's (MSFT.O) market capitalization topped $500 billion for the first time since 2000 on Friday, after the technology giant's stock rose following another quarter …
Ryan Lawler / TechCrunch:
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  —  Google reported mixed earnings for its fourth quarter today — but we're starting to see some flashes of improvement in its “other bets” …
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.
Partnershipai / 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.
Andy Greenberg / Wired:
The value of cryptocurrency Monero has risen from 50¢ to $12 over past one year, rising 2,760%; the collective value of all Monero has grown 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.
Evan Blass / VentureBeat:
Leaked image shows Samsung Galaxy S8 with rear-facing fingerprint reader, no home button; source says S8 will be unveiled March 29 in 5.8", 6.2" configurations  —  EXCLUSIVE:  —  Samsung is preparing to unveil a pair of Galaxy S8 smartphones significantly different from past models …
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 …
Mikey Campbell / AppleInsider:
Apple to close Luxembourg branch as it transfers its international iTunes business to Ireland on February 5  —  Apple has assigned a definitive date to the planned relocation of its international iTunes assets, saying the iTunes Store, Apple Music, the App Store and iBooks Store businesses …
Peter Kafka / Recode:
Facebook says it will promote longer videos with high completion rates in News Feed  —  Because that's what's on TV.  —  You know how mobile + social is supposed to = short attention span?  —  No more, says Facebook: It says it is going to start rewarding video makers who create longer clips.
Emil Protalinski / VentureBeat:
Chrome 56 arrives with 28% faster page reloading, “Not secure” warning for HTTP password and credit card forms  —  Google has launched Chrome 56 for Windows, Mac, Linux, and Android.  Among the additions is a new warning for websites that collect passwords or credit card numbers …

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