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August 2, 2017, 2:10 AM
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Top News

Bloomberg:
Sources: Facebook is working on a video chat device with wide angle lens and large touchscreen, which could be announced at F8, and a standalone smart speaker  —  Product would make it seem like people are in the same room  —  Device aligns with Zuckerberg goal of bringing users closer
Joe Rossignol / MacRumors:
Apple reported Q3 revenue of $45.4B, up 7% YoY, net profit of $8.7B, down from $10.7B YoY, and gross margin of 38.5% vs. 38% last year; stock up 6%+  —  Apple today announced financial results for the third fiscal quarter of 2017, which corresponds to the second calendar quarter of the year.
Apple:
Apple Q3: iPhone sales up 2% YoY to 41M, iPad sales up 15% YoY and 28% QoQ to 11.4M, Mac sales up 1% YoY to 4.3M, and Greater China revenue down 10% YoY to $8B
Ashley Carman / The Verge:
Report: Snap in talks to buy Zero Zero Robotics, best known for its Hover Camera Passport Drone, which uses facial recognition to photograph users from the air  —  Snap is still trying to get into the drone business.  After reportedly buying LA-based drone company Ctrl Me Robotics earlier this year …
Sarah Perez / TechCrunch:
Google updates Image Search with badges on certain images highlighting additional information, such as recipes or purchasable products  —  A day after Pinterest rolled out an update that put its visual search feature in the front-and-center of its app, Google announced it, too, is giving its visual search engine an upgrade.
Brian Krebs / Krebs on Security:
Senators debut a bill requiring IoT devices sold to government are patchable and conform to basic security best practices, like avoiding hard-coded passwords  —  Lawmakers in the U.S. Senate today introduced a bill that would set baseline security standards for the government's purchase …
Todd Bishop / GeekWire:
Microsoft debuts Surface Plus hardware subscription program for trade-in upgrades after 18 months and no-interest financing for two years  —  Microsoft is launching a new subscription program for buying Surface computers and tablets in much the same way that many people now purchase smartphones …
Ashlee Vance / Bloomberg:
Profile of Stripe, which has partnered with Amazon and has handled an undisclosed but allegedly large portion of Amazon's transactions over the last two weeks  —  Every day, Americans spend about $1.2 billion online.  —  That figure has roughly doubled in the past five years …
Dean Takahashi / VentureBeat:
Microsoft partners with Tobii to add native eye-tracking support, in beta, to Windows 10, helping users with ALS and other disorders  —  Tobii has pioneered technology that lets you control a computer with your eyes, and today it is announcing that it will collaborate to bring eye tracking to Microsoft's Windows.
Emily Cadman / Bloomberg:
Apple and Google remove 300+ financial trading apps after Australian regulator complains, citing lack of information about investment risks  —  Some binary trading apps ‘make outrageous claims’ ASIC says  —  Cites cases where consumers aren't able to withdraw funds
Frank Chaparro / Business Insider:
As Bitcoin splits in two, many exchanges including Coinbase don't support Bitcoin Cash fork  —  Bitcoin power brokers were unable to come behind a single solution that would have preserved a unified cryptocurrency by Tuesday morning's deadline.  —  As such, the digital currency …

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From Mediagazer

Elle Griffin / The Elysian:
Penguin vs. DOJ transcripts: top publishing houses spend most of their money on book advances for big celebrities like Britney Spears and franchise authors

Amy Graff / SFGATE:
KQED, a Bay Area NPR and PBS affiliate, is initiating buyouts, and may have layoffs or a hiring freeze; in 2023, revenue hit $90.4M and expenses $100.9M

Sara Fischer / Axios:
Puck hires veteran journalist and TV commentator John Heilemann as its chief political columnist and partner, as the outlet expands its presence in Washington

More News

YouTube Blog:
YouTube details additional steps to tackle terrorist content, including machine learning-based detection, consultation with wider panel of experts, more

Earlier Picks

Douglas Soltys / BetaKit:
500 Canada shutting down fund investments; managing partners say potential LPs would not invest if McClure retained any control or could profit from the fund
Ryne Hager / Android Police:
Android's Nearby Connections 2.0 API, which enables offline, P2P communication between devices over Bluetooth and Wi-Fi, is now available to developers
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