Techmeme
January 31, 2018, 7:25 PM

Top News

Microsoft Investor Relations:
Microsoft reports $28.92B in Q2 2018 revenue, up 12% YoY, net loss of $6.3B due to $13.8B charge related to tax overhaul  —  REDMOND, Wash. — January 31, 2018 — Microsoft Corp. today announced the following results for the quarter ended December 31, 2017:  · Revenue was $28.9 billion and increased 12%
Facebook:
Mark Zuckerberg says showing fewer viral videos reduced the total time people spent on Facebook by ~50M hours every day, as MAUs reach 2.13B, up 14% YoY  —  Facebook, Inc. (NASDAQ: FB) today reported financial results for the quarter and full year ended December 31, 2017.
Paul Sawers / VentureBeat:
Google Flights says it will use historical data and AI to predict when planes may be delayed  —  Google has announced two new features for its flight-booking search service.  —  Using historical flight status data, Google Flights will now try to predict when flights will be delayed …
Evelyn Cheng / CNBC:
Jack Dorsey says almost all Square Cash App users can now trade bitcoin on the platform; service isn't available for users in NY, Georgia, Wyoming, Hawaii  —  - Users of Square's Cash payments app can now trade bitcoin, except for those located in New York, Georgia, Wyoming and Hawaii, according to the company's website.
Jason Del Rey / Recode:
eBay says it will stop using PayPal for its backend payments service by 2020, will work with Amsterdam-based payments company Adyen instead; PYPL down 8%+  —  The shopping marketplace will instead begin working with Amsterdam-based Adyen.  —  One of the tech industry's most storied partnerships is coming to an end.
Janko Roettgers / Variety:
Jon Russell / TechCrunch:
Samsung confirms it is manufacturing ASIC chips, which are used to mine cryptocurrencies; the ASIC industry is dominated by China's Bitmain and Canaan Creative  —  Fresh from toppling Intel as the planet's biggest seller of chipsets, Samsung has confirmed that it has begun manufacturing ASIC chips …
Saheli Roy Choudhury / CNBC:
Sarah Frier / Bloomberg:
Users around the world who infrequently log in to Facebook say it has been increasing re-engagement prompts via emails and text messages recently  —  It's been about a year since Rishi Gorantala deleted the Facebook app from his phone, and the company has only gotten more aggressive in its emails to win him back.
Roger Cheng / CNET:
AT&T reports Q4 revenue of $41.7B, vs. $41.8B last year, 4.1M total wireless net adds, and $19B net income, vs. $2.4B last year, boosted by tax reform benefit  —  AT&T has never shied away from a fight.  —  The Dallas telecom giant has been in the thick of a long battle …
Reuters:
South Korea says it has no plans to ban cryptocurrency exchanges, as it uncovers illegal cryptocurrency foreign exchange trading worth nearly $600M  —  SEOUL (Reuters) - South Korea's finance minister said the government has no plans to shut down cryptocurrency trading …
CNBC:
Venezuela's president says a pre-sale of its new “petro” cryptocurrency, with each token backed by one barrel of crude oil, will begin on February 20  —  - Critics have slammed the initiative as not only illegal but nothing more than a debt issuance by the government amid quadruple-digit inflation and major shortages.
Valentina Zarya / Fortune:
PitchBook: all-female founding teams received ~2.2% of $85B total invested by VCs in 2017, up from 1.9% in 2016, as all-male founding teams received ~79%  —  Things are changing for women in the startup and venture capital world.  Last year, a handful of them came forward to share their stories …
Bloomberg:
Fujifilm buys control of Xerox to form an $18B company, marking an end to the iconic American giant's independence  —  Joint venture to eliminate 10,000 jobs globally in revamp  —  Deal will end independence of U.S. firm formed in early 1900s  —  Fujifilm Holdings Corp. is buying control …

Sponsor Posts

Microsoft:
A new app aims to shatter the stigma surrounding mental health  —  iRel8 connects users anonymously to others experiencing anxiety, addiction, depression and dozens of other conditions.
eero:
New security features from eero Plus  —  Protect all your connected devices with VPN, 1Password, Malwarebytes, and Ad blocking.
Adyen:
Get a glimpse into the future of retail technology  —  The retail world always takes leaps, but as 2018 approaches, Adyen data and market research gives some early clues as to where it might land.
Zoho:
Sales Leadership: 3 simple ways to equip others to lead.  —  The below is a guest blog by J. Israel Greene, Certified Speaker, Leadership Teacher & Coach  —  What are the essential drivers of success?
Thomson Reuters:
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