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July 26, 2018, 9:45 PM
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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:
Twitter CEO addresses claims about some Republican leaders not appearing in search auto-suggestions, points to a thread that offers explanation and vows changes

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The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Ruth La Ferla / New York Times:
Graydon Carter opens a physical store called Air Mail Newsstand in NYC, as an extension of his digital newsletter Air Mail, selling books, magazines, and more

Todd Spangler / Variety:
Filing: Warner Bros. Discovery CEO David Zaslav's 2023 compensation package was worth $49.7M, up 26.5% from the year prior, with $23.1M in stock awards

Bron Maher / Press Gazette:
At a town hall, GB News CEO announced job cuts affecting 40 roles, its first major round of cuts after its 2021 launch; GB News had 295 staffers in May 2023

More News

Earlier Picks

Steve Dent / Engadget:
Spotify adds 8M paid subscribers in Q2, up 40% YoY, for a total of 83M subscribers and 180M MAUs, with revenue of €1.27B, up 26% YoY, and operating loss of €90M
Bloomberg:
A look at how Google treats its contract workers, some of whom write code, recruit staff, and manage teams, yet don't have access to the firm's celebrated perks
Romain Dillet / TechCrunch:
Coinbase partners with WeGift to let Coinbase customers in Australia and select EU countries convert their tokens to digital gift cards at popular stores
Reuters:
Qualcomm says it will drop its $44B offer and pay a $2B breakup fee to NXP as the deadline passed with no approval from China
Windows Experience Blog:
Microsoft releases Windows 10 test build with Flashlight, to let VR users look at their physical environment, and a predictive model for starting device updates
Ry Crist / CNET:
Amazon's Cloud ESP, a feature for third-party Alexa devices that lets the device closest to a user respond to a question or command, is now generally available
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