Techmeme
January 31, 2018, 6:25 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.
Janko Roettgers / Variety:
Spotify is testing a separate Pandora-style music app called “Stations” on Android in Australia  —  Music streaming service Spotify released a new Android app that's all about free music Tuesday.  The app, dubbed Stations, lets users stream curated music stations without …
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.
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.
Arjun Kharpal / CNBC:
Nintendo beats expectations with Q3 revenue of $4.44B, up 177% YoY, profit of $1.07B, up 261% YoY, and raises annual Switch sales forecast to 15M units from 14M  —  - The Japanese gaming giant raised its sales forecast for the Nintendo Switch from 14 million to 15 million to the end of March 2018.
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 …
Salvador Rodriguez / Reuters:
Slack CEO Stewart Butterfield says its Enterprise Grid service, launched one year ago, has 150+ customers  —  SAN FRANCISCO (Reuters) - Slack Technologies Inc now has more than 150 customers using the enterprise version of its workplace collaboration software, Chief Executive Stewart Butterfield told Reuters.
Thanks:@sal19

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