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

eero:
eero plans to add WPA3 support in a future update.  —  We built eero hardware and software together to ensure that we can control and improve digital security.  We're excited about the security benefits WPA3 provides …
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TechCrunch Disrupt SF:
Catch the founder & CEO of Revolut at Disrupt SF  —  Nikolay Storonsky took his company from a $350 million valuation to a $1.7 billion valuation in under six months.  Hear how he did it at Disrupt SF this September.

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Earlier Picks

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