Techmeme
July 26, 2018, 9:50 PM

Top News

Bloomberg:
Slack to buy corporate chat software HipChat and Stride from Atlassian, will pay for the IP over 3 years; HipChat and Stride to shut down in February 2019  —  Atlassian Corp. is selling its corporate chat software to rival Slack Technologies Inc. and taking a small stake in the startup …
Amazon.com:
Amazon announces Q2 revenues of $52.89B vs. $53.41B est., net sales of $52.8B, up 39% YoY, and net income of $2.5B, up from $197M in Q2 2017  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2018.  —  Operating cash flow increased 22% …
Matthew Lynley / TechCrunch:
Amazon Web Services' Q2 revenues were $6.1B, with $1.6B in operating income; Amazon's retail operations earned nearly $47B in revenue and $1.3B+ in net income  —  Amazon's web services AWS continue to be the highlight of the company's balance sheet, one again showing the kind of growth Amazon …
CNBC:
Facebook closes down 19% after the disappointing user numbers and revenue growth projections, losing almost $120B in market value in a day  —  - The company missed projections on key metrics after struggling with data leaks and fake news scandals.  — The stock is flirting with bear market territory …
Cyrus Farivar / Ars Technica:
In a test conducted by the ACLU, Amazon's Rekognition facial recognition tech erroneously matched 28 members of Congress, 6 of them black, to criminal mugshots  —  ACLU: “And running the entire test cost us $12.33—less than a large pizza."  —  The American Civil Liberties Union …
PYMNTS.com:
Stripe announces Stripe Issuing, a service for companies to quickly create, distribute, and manage their own physical and virtual payment cards using an API  —  Payments company Stripe is rolling out a new solution that lets businesses create and issue their own credit and debit cards, the company announced on Thursday (July 26).
More: Stripe and Bloomberg
New York Times:
Sources: Robert Mueller wants to question Donald Trump over tweets about Sessions and Comey as part of an obstruction of justice inquiry  —  WASHINGTON — For years, President Trump has used Twitter as his go-to public relations weapon, mounting a barrage of attacks on celebrities …
João Carrasqueira / Neowin:
Telegram launches Telegram Passport, an authorization method for services requiring real-world identification that encrypts documents end-to-end in the cloud  —  Telegram, the privacy-oriented messaging app, has released version 4.9 of its app for both Android and iOS devices bringing a major new feature: Telegram Passport.
Dieter Bohn / The Verge:
Review of Google Assistant-powered Lenovo Smart Display, the first device to run on Android Things, available July 27 with 8"/10" screens for $199 and $249  —  Google Assistant gets a screen  —  The basic idea behind the new Google-powered Smart Displays that are coming this summer is simple …
Jordan Novet / CNBC:
Intel reports Q2 revenues of $16.96B, up 15% YoY, Client Computing Group revenue of $8.73B, up 6% YoY, and Data Center Group revenue of $5.55B, up 27% YoY  —  Intel stock fell by about 3 percent on Thursday following the release of the company's second-quarter earnings, which were better than expected.
Bloomberg:
Donald Trump criticizes Twitter for “shadow banning prominent Republicans”, says he will look into what he calls a “discriminatory and illegal practice”  —  Twitter stock extended losses, declining 4 percent in pre-market trading as U.S. President Donald Trump criticized …
Jon Levine / The Wrap:

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Steve Dent / Engadget:
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