Techmeme
July 27, 2017, 12:10 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 …
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 …
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 earnings and revenue growth in its second-quarter earnings report.
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.
Joe Rossignol / MacRumors:
Apple removes iPod nano and iPod shuffle from sale, suggesting they have been discontinued  —  Apple today removed the iPod nano and iPod shuffle from its website and online store around the world, suggesting the iconic portable media players may be discontinued.  Apple continues to sell the iPod touch.

Sponsor Posts

Microsoft:
How to bring more water to more people?  —  Danish company Grundfos uses Microsoft Azure and IoT to improve efficiency across millions of water pumps and pipes.
eero:
New security features from eero Plus  —  Protect all your connected devices with VPN, 1Password, Malwarebytes, and Ad blocking.
Smartsheet:
How Cisco Makes Better Decisions Faster  —  Cisco found a new way to manage and maintain transparency on program activities and budgets, empowering their team to make the best decisions — and better serve their clients.
Zoho:
Work with charts, play with charts.  —  When it comes to information, there are two kinds of people: those who like to receive their data in words, and those who want to enjoy it visually.
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: