Techmeme
July 6, 2018, 2:25 PM

Top News

Timothy W. Martin / Wall Street Journal:
Samsung Electronics forecasts quarterly operating profit of ~$13.2B in Q2, up 5% YoY, below analysts' estimates, amid reports of weak Galaxy S9 sales  —  Company expects operating profit of 14.8 trillion South Korean won; end of record-earnings streak  —  SEOUL—Samsung Electronics estimates …
Chaim Gartenberg / The Verge:
Sonos files for an IPO, with plans to raise $100M, and reports a net loss of $14.2M on revenue of $992.5M in the year ending September 30, 2017  —  The popular speaker company has announced plans for an IPO  —  Sonos officially filed for an initial public offering today …
Kaitlin Benz / CNET:
Netflix to end users' ability to post new reviews July 30 and remove existing written reviews mid-August, will keep thumbs up and down system  —  Soon, it'll be a little harder for you to tell everyone what you thought of Marvel's The Avengers.  —  Netflix is removing a desktop-only feature …
Penny Crosman / American Banker:
CipherTrace: the amount of cryptocurrencies stolen from exchanges tripled to $761M in the first half of 2018 compared to all of 2017, may reach $1.5B this year  —  Three times more cryptocurrency was stolen from exchanges in the first half of 2018 than all of 2017, with a corresponding boost …
Kia Kokalitcheva / Axios:
Sources: Uber and Lyft each held talks to acquire Skedaddle, a startup that creates group bus rides by matching customers headed in the same direction  —  Uber and Lyft each held talks to acquire Skedaddle, a startup that creates group bus rides by matching customers headed in the same direction, Axios has learned.
Josh Horwitz / Quartz:
Xiaomi CEO Lei Jun has reportedly backed 300+ companies via his VC firm Shunwei Capital and as an angel investor, while Xiaomi invested in 157 firms  —  India's top mobile browser.  Hong Kong's Uber for logistics.  China's second-largest bike-sharing service.
Hans Lee / Bloomberg:
IBM secures AU$1B contract to be the central technology partner to Australian government over the next five years, providing automation and blockchain services  —  - Contract comes 2 years after playing role in bungled census  — Government savings from 5-year agreement estimated at A$100m
Joseph Cox / Motherboard:
Israeli indictment says an employee allegedly stole source code of NSO Group's powerful smartphone hacking tools before attempting to sell it for $50M  —  NSO sells its potent iPhone malware to governments, including Mexico and the United Arabs Emirates.  But according to a newly released indictment …

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Earlier Picks

Natasha Lomas / TechCrunch: