Techmeme
July 7, 2017, 12:25 PM

Top News

Joyce Lee / Reuters:
Samsung Electronics forecasts record quarterly profit of ~$12B in Q2, up 72% year-over-year  —  Samsung Electronics Co Ltd (005930.KS) on Friday said its second-quarter operating profit likely rose 72 percent from a year earlier to a new record, beating analyst estimates, as strong memory chip prices helped widen margins.
Reed Albergotti / The Information:
Source: Jawbone to be liquidated, as founder Hosain Rahman moves to his new startup, Jawbone Health Hub, providing health-related hardware and software services  —  Jawbone, the consumer electronics firm once valued at $3 billion, is going out of business.  The company has begun liquidation proceedings …
Tim Bradshaw / Financial Times:
Qualcomm asks US ITC to ban imports of certain iPhone models using Intel components due to infringement of 6 patents that it claims are not standard-essential  —  Chipmaker claims infringement by some models and seeks ‘cease and desist’ order  —  Read next
CNBC:
Microsoft says it plans to cut thousands of jobs, mostly from its sales teams outside the US, starting today  —  Microsoft announced a major reorganization on Wednesday that will include thousands of layoffs, largely in sales.  —  The job cuts amount to less than 10 percent …
Lorenzo Franceschi-Bicchierai / Motherboard:
Interviews reveal a slow start for Apple's bug bounty program as some feel financial rewards are too small or reporting bugs would prevent research  —  In August 2016, Apple's head of security Ivan Krstic stole the show at one of the biggest security conferences in the world with an unexpected announcement.
Adam Satariano / Bloomberg:
SoundCloud cuts 173 employees, or about 40% of its staff, and plans to close its offices in San Francisco and London to cut costs and stay independent  —  Music service will close offices in San Francisco, London  —  SoundClound has struggled to compete against Spotify, Apple
Sarah Buhr / TechCrunch:
Self-driving car startup Comma.ai launches Panda, an $88 dongle that acts as a universal car interface and collects a car's data  —  George Hotz, aka geohot, is fidgeting in his living room, wearing dark shades and a giant comma on his t-shirt as he shows me his company's latest product, an $88 universal car interface called Panda.
Jason Toff / Google:
Google debuts Blocks, a free VR app for creating 3D objects, available on Oculus Rift and HTC Vive  —  Today, it takes complex software and a specific skillset to create compelling VR and AR experiences.  That software also requires building 3D objects on a 2D screen—something our brains aren't wired to do.
Andrew J. Hawkins / The Verge:
Uber rolls out rider tipping and its “pay for wait” program, penalizing riders who make drivers wait 2+ minutes, to over 100 US and Canadian cities today  —  A change is gonna come  —  Starting today, Uber's new in-app tipping option is being rolled out in 100 cities in the US and Canada …

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