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Techmeme
July 27, 2017, 8:25 AM
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Top News

Facebook:
Facebook Q2: $9.3B revenue, up 45% YoY, mobile made 87% of total; profit up 71% YoY; 1.3B DAUs, up 17% YoY; 2B MAUs, up 17% YoY; 20.7K headcount, up 43% YoY  —  “We had a good second quarter and first half of the year,” said Mark Zuckerberg, Facebook founder and CEO.
Wall Street Journal:
Samsung posts record net profit of $9.9B in Q2, up 89% YoY boosted by strong chip and Galaxy S8 sales, revenue rose to $54.8B, up 19.8%  —  Results position the company to top Apple in quarterly profits  —  SEOUL—Samsung Electronics Co. delivered its biggest-ever quarter of profits …
Michael Sheetz / CNBC:
Twitter's Q2 revenue of $574M beats expectations, but monthly active users remain flat at 328M; advertising revenue decreased 8% YoY to $489M, shares fall 8%+  —  - Twitter posted better-than-expected EPS and revenue growth in its second-quarter earnings report.
CNBC:
Sources: Amazon's 1492, a skunkworks lab, is working on healthcare tech including a platform for medical records, telemedicine, and apps for devices like Echo  —  - Areas of exploration include a platform for electronic medical record data, telemedicine and health apps for existing devices like the Amazon Echo.
U.S. Department of Justice:
US Justice Department charges Russia's Alexander Vinnik on suspicion of laundering $4B+ funds via bitcoin, alleges funds obtained via Mt.Gox hack  —  Defendant Alexander Vinnik Was Arrested in Greece to Face Charges in the United States; Bitcoin Exchange Alleged to Have Received Deposits Valued at Over $4 Billion
Tom Krazit / GeekWire:
Microsoft debuts Azure Container Instances, which make it easier to deploy and bill containers on Azure, and joins foundation that oversees Kubernetes  —  Microsoft's cloud business is making two notable moves involving containers Wednesday — unveiling a new service that aims to make it much easier …
Ina Fried / Axios:
Tech leaders including Tim Cook, Jack Dorsey, Mark Zuckerberg, Sam Altman, Sundar Pichai, and Marc Benioff speak out against Trump's transgender troop ban  —  Salesforce and the CEO of Google are among the first tech leaders to publicly speak out after President Trump's announcement Wednesday …
New York Times:
Foxconn says it plans to invest $10B in Wisconsin plant, creating 3,000 jobs, manufacturing flat-panel displays for TVs and other consumer electronics  —  Foxconn, the Taiwanese electronics supplier for Apple and other tech giants, said Wednesday it would open its first major American factory in Wisconsin …
Sarah Buhr / TechCrunch:
Apple and Cochlear partner to introduce the Nucleus 7 Sound Processor hearing implant, which works directly with iOS devices rather than via an app  —  Apple has teamed up with Australian-based Cochlearto bring iPhone users the first made for iPhone Cochlear implant.
Eric Newcomer / Bloomberg:
Sources: Uber could appoint a new CEO within six weeks, says head of HR; shortlist has fewer than six candidates, including HPE's Meg Whitman  —  Uber Technologies Inc. hopes to name a new leader by early September to replace its ousted chief executive officer and steer the ride-hailing business out of a turbulent period.
Financial Crimes Enforcement Network:
US Treasury's FinCEN fines BTC-e $110M for violating US anti-money laundering laws  —  Immediate Release  —  WASHINGTON—The Financial Crimes Enforcement Network (FinCEN), working in coordination with the U.S. Attorney's Office for the Northern District of California …

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This is a Techmeme archive page. It shows how the site appeared at 8:25 AM ET, July 27, 2017.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Matthew Keys / TheDesk.net:
Two groups file a petition to deny FCC review of ABC's TV station licenses; they say they will seek revocations if stations restrict speech in trade for FCC OK

Matthew Belloni / Puck:
Although sources suggest Paramount wouldn't sell CNN to appease state regulators overseeing the WBD deal, it may save the company from a protracted legal battle

Washington Post:
The US Supreme Court paused a lower court order that would have forced ex-Fox News reporter Catherine Herridge to reveal a source or pay $800 a day in sanctions

More News

Earlier Picks

Bloomberg:
Sources: Facebook to debut a series of original, short-form videos from partners in mid-Aug., after a number of false starts; longer-form content to come later
Jon Russell / TechCrunch:
Xiaomi unveils Mi AI smart speaker, available in China for ~$45, to control Xiaomi hardware and other smart products, play media, more
Barry Schwartz / Search Engine Land:
Google says it has removed Google Instant search results, which showed results as users typed, citing the shift from desktop to mobile searches
Christina Passariello / Wall Street Journal:
Interviews with Apple executives reveal how Jony Ive, Apple's chief designer, brought Steve Jobs's exacting design vision for Apple Park to life
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