February 1, 2017, 11:00 AM

Top News

Todd Spangler / Variety:
WSJ: Facebook building video app for Apple TV and other set-top boxes as it ramps up its original programming efforts  —  Facebook is developing an app for set-top boxes including Apple TV, as a way to bring longer-form video content — and video ads — to big-screen TVs in consumers' living rooms, the Wall Street Journal reported.
Jordan Novet / VentureBeat:
Apple reports Q1 revenue of $78.4B, up from $75.9B a year ago, as profit reaches $17.9B; 78.3M iPhones sold, up 5% YoY, as iPad sales declined 19% YoY to 13.08M  —  Apple today disclosed that it produced a $17.8 billion profit, or $3.36 in earnings per diluted share, on $78.35 billion in sales …
Juli Clover / MacRumors:
Juli Clover / MacRumors:
Josh Constine / TechCrunch:
Facebook is now training its News Feed algorithm to detect authenticity of posts to reduce the promotion of spammy, fake, and sensational stories  —  Facebook is prioritizing “authentic” content in News Feed with a ranking algorithm change that detects and promotes content “that people consider genuine …
Jim Dallke / Chicago Inno:
Predictive analytics startup Uptake, founded by Groupon founder Brad Keywell, raises $40M from Revolution, reportedly at a $2B valuation  —  Investment now reportedly values Uptake at $2 billion.  —  One of Chicago's fastest growing startups just got a $40 million boost from Steve Case and Ted Leonsis' VC firm Revolution Growth.
Hamza Shaban / BuzzFeed:
Amazon and Expedia join Washington State's lawsuit against Trump's travel ban, file sworn statements in court; Microsoft is working with the State AG office  —  The attorney general of Washington state filed a lawsuit Monday challenging President Donald Trump's controversial immigration order …
Seth Fiegerman / CNNMoney:

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