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Techmeme
July 28, 2017, 3:05 PM
Mediagazer memeorandum WeSmirch
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Top News

Amazon.com:
Amazon reports Q2 revenue of $38B, up 25% YoY, as net income drops from $857M to $197M YoY; AWS revenue rose 42% YoY to $4.1B; headcount reaches 382K, up 31K  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2017.
Stipe / Nokiamob:
As part of patent settlement, Nokia received upfront cash payment of €1.7B from Apple, Finnish company discloses during its earnings call  —  In today's financial results, Nokia mentioned that it had increased cash inflow thanks to an “up-front cash payment of approximately EUR 1.7 billion …
Yoolim Lee / Bloomberg:
Expedia leads $400M round for Indonesian travel site Traveloka by contributing $350M; source says Traveloka is now valued at $2B  —  Traveloka Holding Ltd. raised $400 million in a funding round led by Expedia Inc. that conferred a $2 billion valuation on Indonesia's largest online travel startup …
AltspaceVR Inc:
AltspaceVR, a social platform for virtual reality, to shut down August 3 due to “unforeseen financial difficulties”  —  It is with a tremendously heavy heart that we let you all know that we are closing down AltspaceVR on August 3rd, 7PM PDT.  The company has run …
Bloomberg:
Huawei CEO confirms full-screen display on upcoming Mate 10, as company reports Q2 results, and says it is giving up on very low-end devices  —  It aims to ship as many as 150 million smartphones in 2017  —  The Chinese firm chalked up $42 billion in first-half revenue
Khari Johnson / VentureBeat:
Facebook unveils Messenger Platform 2.1 with built-in natural language processing, a payments SDK, and bot-to-human handover protocol in open beta  —  Facebook today launched Messenger Platform 2.1 with new features to give developers and brands more ways to reach potential customers …

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From Mediagazer

Matt Donnelly / Variety:
Paramount's streaming head Cindy Holland says streaming movies are “not a priority”, as CEO David Ellison says debate on value of theatrical releases is “over”

David Folkenflik / NPR:
A look at the disputes over Kari Lake's official title and power at USAGM, as she uses the title of acting CEO while lawsuits challenge her status

Brooks Barnes / New York Times:
A look at MicroCo, a Hollywood startup aiming to tap into the micro drama craze, as Chinese apps gain US traction with millions of downloads, per Sensor Tower

More News

Katie Roof / TechCrunch:
Meg Whitman says she will not be Uber CEO, is fully committed to HPE and is not going anywhere

Earlier Picks

Kif Leswing / Business Insider:
Apple confirms it has discontinued iPod nano and iPod shuffle; iPod touch now costs $199 for 32GB and $299 for 128GB
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