Techmeme
February 1, 2017, 6:30 PM

Top News

Polygon:
ZeniMax awarded $500M damages in breach of NDA lawsuit against Oculus; Oculus to pay $300M, co-founder Iribe to pay $150M, co-founder Luckey to pay $50M  —  A Dallas, Texas jury today awarded half a billion dollars to ZeniMax after finding that Oculus co-founder Palmer Luckey failed to comply with a non-disclosure agreement he signed.
Facebook:
Facebook Reports Fourth Quarter and Full Year 2016 Results  —  Facebook, Inc. (NASDAQ: FB) today reported financial results for the fourth quarter and full year ended December 31, 2016.  —  “Our mission to connect the world is more important now than ever,” said Mark Zuckerberg, Facebook founder and CEO.
Josh Constine / TechCrunch:
Bloomberg:
Sources: Apple began developing a new low-power ARM-based chip last year for Macs, which will work alongside Intel's chipset and handle “Power Nap” duties, more  —  A part built with ARM Holdings is used in keyboard's Touch Bar  —  New design could help improve battery life in MacBook laptops
Darrell Etherington / TechCrunch:
Report: Snap Inc. is working on adding lenses that can recognize and interact with landscapes, an extension of the current lenses that recognize faces  —  Snap, Inc. is working on an updated version of its in-app Snapchat lenses that would be able to recognize landscapes as well as faces …
Ben Fox Rubin / CNET:
Amazon plans to spend $1.49B to create its first worldwide air cargo hub in Hebron, Kentucky, says the hub will create up to 2.7K new full- and part-time jobs  —  The investment, which could create over 2,000 new jobs, points to Amazon's continued ambitions to expand in shipping and logistics.
Benjamin Mayo / 9to5Mac:
Apple stock is up 6%+ after record Q1 results, nearing all-time high of $135  —  Update: The stock continues to climb as the day progresses, now up 6.5% at around $129, which values the company at more than 670 billion dollars in market cap.  It is also nearing Apple stock's all time high of $135.
Jordan Novet / VentureBeat:
Chris O'Brien / VentureBeat:
EU announces deal to end all wireless roaming charges starting June 2017  —  The European Union took a big step toward creating a Digital Single Market today with the announcement of a deal that would end roaming charges for mobile consumers across the continent.

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