Techmeme
July 25, 2017, 5:30 PM

Top News

Stan Higgins / CoinDesk:
SEC issues investigative report concluding DAO tokens, a digital asset, were securities, and securities law “may apply” to token sales  —  The US Securities and Exchange Commission said today that the offering and sale of digital tokens “are subject to the requirements of the federal securities laws”.
Frederic Lardinois / TechCrunch:
Adobe says it will stop updating and distributing Flash at the end of 2020  —  Adobe today announced that Flash, the once-ubiquitous plugin that allowed you to play your first Justin Bieber video on YouTube and Dolphin Olympics 2 on Kongregate, will be phased out by the end of 2020.
Wall Street Journal:
Trump says Tim Cook has promised Apple will build three “big, beautiful plants” in US, adding they'd be “big, big, big” but no details on timetable or location  —  Apple declined to comment on president's remarks, which didn't include where or when plants would be built
Matt Pressberg / The Wrap:
AT&T beats expectations in Q2 ahead of Time Warner takeover, with $39.8B in revenue, 2.8M wireless net additions, and best-ever 50% margin on wireless  —  Telecom giant's $85 billion deal is expected to close by the end of the year  —  A growing and profitable wireless business helped telecom giant …
Yossi Matias / Google:
Google adds SOS Alerts in Search and Maps to provide users with information in a crisis  —  In times of crisis, access to timely, actionable information is crucial.  Working alongside trained responders and volunteers on the ground, technology plays a vital role in providing information …
Paul Sawers / VentureBeat:
Giphy launches its GIF Maker tool for mobile browsers  —  Giphy, the online database and search engine for all things GIF, has announced that it's launching its popular GIF Maker tool for mobile web browsers.  —  First introduced for desktop browsers back in 2015, GIF Maker is a fairly simple tool …
Dean Takahashi / VentureBeat:
AMD reports Q2 revenue of $1.22B, up 19% YoY, vs ~$1.16B expected, and a net loss of $16M; shares jump 7%+  —  Advanced Micro Devices posted a GAAP second-quarter loss of 2 cents a share and 2 cents a share profit on an adjusted basis, even as it continued with the launch of its most competitive chips in a decade.
More: ZDNet, Reuters, Reuters, and AMDTweets: @ampressman

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