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May 3, 2018, 9:40 AM
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| Wall Street Journal: |
Cambridge Analytica is shutting down following the Facebook data misuse scandal, says it was losing clients and facing mounting legal fees — Company had lost multiple clients in recent months — Cambridge Analytica , a data firm that worked for President Donald Trump's 2016 campaign …
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BBC, MacRumors, The Verge, Inquirer, Gizmodo, Business Insider, CA Commercial, Politico, SlashGear, Al Jazeera English, MediaNama, The Guardian, Neowin, PYMNTS.com, NBC News, The Register, Washington Post, IT Management, eWeek, Ubergizmo, Wired, MSPoweruser, Engadget, International Business Times, The Next Web, Digital Trends, Associated Press, Fast Company, Peter O'Kelly's Reality Check, Boing Boing, Android Authority, The Verge, Recode, TechSpot, Vanity Fair, Forbes, NPR, BuzzFeed, CNN, The Hill, CNBC, Beyond Search, CNET, NBC Bay Area, BBC, Vox, TechCrunch, Reuters, MacDailyNews, MIT Technology Review, Slate, Adweek, Quartz, USA Today, Bloomberg, Financial Times, Motherboard, VentureBeat, The Wrap, Ars Technica, Newser, Axios, Engadget, Business Insider, and New York Magazine
Tweets: @kurtwagner8, @rmac18, @agschneiderman, @rubenkmajor, @ivanthek, @mollymckew, @darth, @baekdal, @timkmak, @dnvolz, @martinsfp, @jpodhoretz, @kt_so_it_goes, @kylegriffin1, @emptywheel, and @mollymckew
| New York Times: |
Filing shows executives at Cambridge Analytica and SCL Group, along with the Mercer family, have moved to create a new firm, Emerdata, possibly for “rebranding” — The embattled political consulting firm Cambridge Analytica announced on Wednesday that it would cease most operations …
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The Register, 9to5Google, Business Insider, BBC, Fortune, SiliconANGLE, Boing Boing, Beyond Search, Silicon Republic, Wendy Siegelman, Politico, Fast Company, Digital Trends, and PYMNTS.com
Tweets: @oneunderscore__, @rvawonk, and @leahmcelrath
| Peggy Sito / South China Morning Post: |
Xiaomi files for an IPO in Hong Kong; sources say the Beijing-based company is seeking to raise $10B at a valuation of $100B — Xiaomi's 2017 sales jumped by two-thirds to 114.6 billion yuan, while operating profit tripled and adjusted net profit soared from a year earlier
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Bloomberg, Wall Street Journal, HKEX news, ZDNet, Mashable, TechCrunch, Tech in Asia, New York Times, CNBC, The Guardian, Bloomberg, Quartz, Engadget, Gizmochina, BBC, Financial Times, CNBC, Reuters, TechNode, CNET, and Seeking Alpha
| Bloomberg: |
How Xiaomi staged a comeback that has led to an IPO at a $100B valuation by investing in retail stores, focusing on India, and diversifying its product range — But the company's retail- and India-driven revival may not be able to maintain its growth. — On the lower floors … | Spencer Soper / Bloomberg: |
Amazon launches Wag, its own brand of pet products, starting with dry dog food, only available to Prime subscribers — Amazon.com Inc. has started its own brand of pet products, called Wag, expanding on existing private-label efforts that include batteries, baby products, clothing and household goods.
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PYMNTS.com, CNET, and BetaNews
| Matthew Lynley / TechCrunch: |
SoundHound raises $100M from strategic investors including Tencent, Daimler, Hyundai, and others to grow its Houndify voice AI platform — As SoundHound looks to leverage its ten-plus years of experience and data to create a voice recognition tool that companies can bake into any platform …
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VatorNews, VentureBeat, Business Insider, Financial Times, Axios, MediaPost, and PE Hub Blog
| Abner Li / 9to5Google: |
Google says it has started rolling out Google Pay on the web through desktop browsers and iOS — Since Google Pay launched as the company's unified payment solution in February, it has added a number of new features with more on the roadmap. Google Pay is now beginning to roll out on the web for desktops and other mobile platforms.| Nathaniel Popper / New York Times: |
Goldman Sachs to open a Bitcoin trading operation, will begin using its own money to trade Bitcoin futures contracts on behalf of clients in the next few weeks — SAN FRANCISCO — Most big banks have tried to stay far away from the scandal-tainted virtual currency Bitcoin.
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Bitcoinist.com, SiliconANGLE, CoinDesk, Bitsonline, NewsBTC, CoinSpeaker, Bloomberg, and Business Insider
Tweets: @nytimesbusiness and @fintechfrank
| Spotify Investor Relations: |
Spotify reports first ever financial results with Q1 revenue of €1.139B, up 26% YoY, on operating loss of €41M; MAUs up 30% YoY to 170M — Spotify Technology S.A. (NYSE:SPOT) today reported financial results for the first fiscal quarter of 2018 ending March 31, 2018.
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Variety, Ubergizmo, The Verge, MSPoweruser, AppleInsider, AdExchanger, TechCrunch, Wall Street Journal, Engadget, VentureBeat, Investor's Business Daily, Recode, and Axios
Tweets: @recode, @joshconstine, @lucas_shaw, and @lucas_shaw
| Bloomberg: |
Sources: Google is building Arcade, a social-gaming startup led by 21yo ex-Facebook staffer Michael Sayman, which will release a trivia-style app this summer — Michael Sayman, 21-year-old ex-Facebooker, said to be leading — Company will focus on mobile gaming with friends, Google says
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Engadget, International Business Times, Digital Trends, Tech Times, GamesIndustry.biz, Android Authority, The Verge, Seeking Alpha, and 9to5Google
Tweets: @michaelsayman and @joshconstine
| Bill Jia / Facebook Code: |
Facebook debuts PyTorch 1.0, which optimizes production performance and improves model compatibility with other AI frameworks, coming to beta in a few months — The path for taking AI development from research to production has historically involved multiple steps and tools …
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Inquirer, PyTorch, ZDNet, Facebook Developers, Engadget, The Register, Caffe2, Developer tools …, SiliconANGLE, VentureBeat, and SlashGear. Tweets: @jekbradbury
| Jerome Pesenti / Facebook Code: |
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Microsoft Azure Blog, GeekWire, TechCrunch, GitHub, Facebook Code, and Facebook Code
Tweets: @harrymccracken, @shiraovide, @venturebeat, @harrymccracken, @venturebeat, and @venturebeat
| Lucas Matney / TechCrunch: |
| Wall Street Journal: |
Some of the 200+ cities Amazon rejected for its HQ2 have begun to make changes based on feedback given by Amazon during rejection phone calls — After the retail giant told cities why they didn't become finalists for its second headquarters, some started making changes
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Fortune. Tweets: @kshitishb, @parkersewell1, @timaeppel, @greg_shill, @taylortepper, and @mims
| Kara Swisher / Recode: |
Zynga founder Mark Pincus reducing his voting power in the social gaming firm from a 70% to 10% stake, will remain on board but as non-executive chairman — In an unusual move, Pincus doesn't want the final say anymore and wanted more freedom. — In an unusual move for a Silicon Valley company …
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Mark Pincus, AVC, New York Times, Business Insider, VentureBeat, Business Insider, San Francisco Chronicle, CNBC, Wall Street Journal, VentureBeat, and Bloomberg
Tweets: @nytimesbusiness, @ethankurz, @markpinc, @fredwilson, and @danprimack
| Natalie Gagliordi / ZDNet: |
Square Q1: non-GAAP revenue of $307M, up 51% YoY, gross payment volume of $17.8B, up 31% YoY, net loss of $24M; stock down 5%+ after hours due to low guidance — The company posted a Q1 net loss of $24 million, or six cents a share, compared to a net loss of $15.1 million, or four cents a share, a year earlier.
More:
Square Investor Relations, CNBC, MarketWatch, CNBC, and Investor's Business Daily
| New York Times: |
How the Chinese government, long suspicious of internet companies, is now keen on harnessing tech companies' capital and knowledge to realize its goals — The government in China, long suspicious of internet companies, now sees ambitious titans like Tencent and Alibaba as useful partners.
Tweets: @scs_disputes, @nytimes, @sophiehrw, and @paulmozur
| Paul Vigna / Wall Street Journal: |
Source: Telegram is calling off the public part of the ICO for the Telegram Open Network after raising $1.7B from 175 accredited investors via private deals — Telegram plans to put the money it raised into a new digital payment platform, Telegram Open Network, meant for a wide audience
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SiliconANGLE, PYMNTS.com, NewsBTC, Bitcoinist.com, CCN, Gizmodo, Recode, The Verge, and Seeking Alpha
Tweets: @alexeheath, @currencyfront, and @teddyschleifer
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