Techmeme
July 27, 2017, 12:20 PM

Top News

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 12%+  —  - Twitter posted better-than-expected earnings and revenue growth in its second-quarter earnings report.
Micah Singleton / The Verge:
Google plans to merge Google Play Music with YouTube Red to create a new streaming service, YouTube's head of music Lyor Cohen confirmed  —  One service to cover everything (almost)  —  YouTube's head of music confirmed that the company is planning on merging its Google Play Music service …
Bloomberg:
Jeff Bezos surpasses Bill Gates as world's richest person, with a net worth of ~$90.9B, as Amazon shares surged in trading; Gates held the top spot since 2013  —  His net worth climbs more than $1 billion in intraday trading  —  Gates has held top spot on Bloomberg wealth index since 2013
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
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.
WhatsApp Blog:
WhatsApp announces it has 1B users every day, up from 1B users per month in February last year  —  Just last year, we shared that one billion people around the world use WhatsApp every month.  Today, we are excited and proud to share that one billion people around the world use WhatsApp every …
Paul Sawers / VentureBeat:
Kickstarter CEO and cofounder Yancey Strickler to step down later this year as the firm searches for his replacement  —  Yancey Strickler, cofounder and CEO of Kickstarter, has announced that he's stepping down from the crowdfunding giant later this year.  A hunt for his replacement is now in motion.

Sponsor Posts

Microsoft:
AI for Earth can be a game-changer  —  Microsoft commits $50 million to put artificial intelligence to work to protect our planet.
eero:
New security features from eero Plus  —  Protect all your connected devices with VPN, 1Password, Malwarebytes, and Ad blocking.
Smartsheet:
Automate Three Processes to Free Up Time for High-Value Work  —  Information workers spend as much as a quarter of their work week on manual, repetitive tasks.  Take three actions now to get started with business automation.
Zoho:
23 and Counting: Localize Recruitment with Zoho Recruit  —  Isn't it very comforting to be able to work with a software that speaks your native tongue?  Switch to Zoho Recruit, that now supports hiring in 23 languages.
Worldpay:
2017 Global Payments Report  —  Your ultimate guide to the world of payments in 36 markets.  Visit the microsite and download a free copy of the report.
 

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Earlier Picks

Ina Fried / Axios:
Tom Krazit / GeekWire:
Sarah Buhr / TechCrunch:
Eric Newcomer / Bloomberg: