Techmeme
July 27, 2018, 4:15 PM

Top News

Paresh Dave / Reuters:
Twitter posts record Q2 profit of $100M, beats estimates on revenue of $711M, up 24% YoY, but monthly users fell by 1M from Q1 to 335M due to increased removals  —  SAN FRANCISCO (Reuters) - Twitter Inc (TWTR.N) posted record profit on Friday with second quarter revenue that beat financial analysts' estimates …
Michelle Castillo / CNBC:
Twitter closes down more than 20% after company reports 1M QoQ decline in monthly active users  —  - Monthly active users (MAUs): 335 million vs. 338.5 million, according to StreetAccount and FactSet estimate  —  Twitter shares plummeted 19 percent Friday after the company reported a decline in monthly active users and weak guidance.
Steven Musil / CNET:
Facebook bans Alex Jones from using his account for the next 30 days after removing four of his videos for violating its community standards  —  Alex Jones, the founder and star of conspiracy site Infowars, has been suspended by Facebook — and may face harsher consequences.
Zack Hendlin / Official LinkedIn Blog:
LinkedIn rolling out feature that lets users send voice messages on Android and iOS, receive them on mobile and the web; feature available globally within weeks  —  Have you ever typed out a long message and thought about how much faster and easier it would be to say it out loud?
Claire Boston / Bloomberg:
SEC filing: MoviePass ran out of money and couldn't cover the bills causing service outage on Thursday, had to take out short term $6M+ loan due in early August  —  Helios and Matheson Analytics Inc., the parent company of MoviePass, received a short-term loan for more than $6 million …
Christopher Yasiejko / Bloomberg:
IBM wins $83M from Groupon for infringing on ecommerce patents  —  - Patent case IBM's first to go to jury in at least 20 years  — Win adds value for IBM's portfolio of more than 45,000 patents  —  A U.S. jury awarded International Business Machines Corp. $83.5 million after finding …
More: Reuters and WRAL TechWireTweets: @mdudas
Chloe Aiello / CNBC:
New York State Public Service Commission voted to revoke approval of the 2016 Charter/TWC merger saying company failed to meet broadband buildout obligations  —  - The New York State Public Service Commission voted on Friday to revoke its approval of the 2016 merger agreement between Charter Communications and Time Warner Cable.
Shona Ghosh / Business Insider:
UK's Improbable raises $50M from NetEase to bring its large-scale game simulation platform SpatialOS to China; sources: Improbable doubled its valuation to $2B  —  - SoftBank-backed Improbable has raised $50 million via a strategic investment from Chinese gaming giant NetEase.
CNBC:

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Smartsheet:
Gartner research vice president Mike Gotta to present at Smartsheet ENGAGE  —  Gotta will discuss why collaborative work management is increasingly essential for business at Smartsheet's annual customer conference Sept. 30-Oct. 3 in Seattle.
TWiT.tv:
The Best Security Podcast Ever!  —  Steve Gibson and Leo Laporte cover every major hack, virus, vulnerability, and bug.  Steve, knows, he created the first anti-spyware program.  Get Security Now on your favorite podcatcher.
Google Fi:
Google Fi - a phone plan, by Google  —  We felt that most phone plans just weren't made with you in mind.  So that's why we built Google Fi with features that real people actually want.  Click to learn more.
Zoho:
Renascence of our design lore: the story of Zoho Finance Suite's new logos  —  Design decisions are hard, and they're even harder when a lot is at stake.  When it came to designing the new logos of Zoho Finance products …
Ingram Micro:
Apply for the World's Largest Startup Competition  —  B2B ISVs are encouraged to apply for the Comet Competition ahead of the September 30 deadline, with top prize of $1M made possible by Ingram Micro.
Intel:
The field of opportunity for AI is immense—does your CPU have AI Inside?  —  Here are three questions every technology buyer should be asking of their AI tech supplier.

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