Techmeme
July 26, 2019, 10:26 AM

Top News

Apple:
Apple to acquire the majority of Intel's smartphone modem business in a transaction valued at $1B  —  Cupertino and Santa Clara, California — Apple and Intel have signed an agreement for Apple to acquire the majority of Intel's smartphone modem business.  Approximately 2,200 Intel employees …
New York Times:
Senate Intelligence Committee report acknowledges that Russia targeted election systems in all 50 states in 2016, but key lessons for 2020 were redacted  —  WASHINGTON — The Senate Intelligence Committee concluded Thursday that election systems in all 50 states were targeted by Russia in 2016 …
Pavel Alpeyev / Bloomberg:
SoftBank announces Vision Fund 2, will commit $38B to it with the goal of raising $108B; Apple, Microsoft, and others are expected to contribute  —  SoftBank Group Corp.'s founder Masayoshi Son launched a second Vision Fund, seeking to extend his reign as the world's most influential technology investor.
Alphabet:
Alphabet reports Q2 revenue of $38.9B, up 19% YoY, net income of $9.9B, up from $3.2B YoY, and a stock buyback of $25B; stock up 9%+  —  Alphabet Announces Second Quarter 2019 Results MOUNTAIN VIEW, Calif. - July 25, 2019 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended June 30, 2019.
Frederic Lardinois / TechCrunch:
Bloomberg:
Source: Apple and Goldman Sachs's credit card is targeted to launch as early as the first half of August  —  - Card aims to bolster Apple services, push consumers to Goldman  — The corporate pairing was ambitious, and at times awkward  —  Apple and Goldman Sachs's hotly anticipated …
Steve Lohr / New York Times:
Two antitrust academics say Chris Hughes joined them in meetings with the FTC, the DOJ, and state AGs to lay out a potential antitrust case against Facebook  —  Chris Hughes used to huddle with Mark Zuckerberg in a Harvard dorm room building Facebook from scratch.
Lauren Feiner / CNBC:
Twitter Q2 earnings beat estimates with revenues of $841M, up 18% YoY, and 139M monetizable daily active users (mDAUs), up 14% YoY  —  KEY POINTS  — Its the first quarterly report with a new measurement of engagement — monetizable daily active users (mDAUs).
businesstoday.in:
Daisuke Wakabayashi / New York Times:
Rep. Tulsi Gabbard sues Google for briefly suspending her Ads account after the first Democratic debate; Google says unusual activity triggered the suspension  —  Representative Tulsi Gabbard, the long-shot presidential candidate from Hawaii, said in a federal lawsuit that Google infringed …
Amazon.com:
Quartz:
Long Island Iced Tea Corp's pivot to blockchain in 2017 is being investigated by the FBI for insider trading and securities fraud, according to search warrants  —  Even during the heady days of the epic bitcoin bubble in 2017, Long Island Iced Tea Corp.'s pivot to blockchain was a particularly brash ploy to latch onto the crypto hype.

Sponsor Posts

Smartsheet:
Strategies for shutting down SaaS sprawl  —  Managing a chaos of apps steals focus away from IT leaders who are increasingly helping to drive business.  Read the report.
TWiT.tv:
Protect Yourself from SIM Jacking  —  SIMjacker allows attackers to hijack any phone just by sending it an SMS message.  Steve Gibson explains how it works on the Security Now podcast.
Zoho:
Six ways to use shapes to create a compelling presentation in Zoho Show  —  Ideas come in all shapes and sizes—be it an extra fold to help your paper plane fly a few inches further, or an equation that changes …
AWS Startups:
How Daivergent Is Helping Autistic People with Careers in Tech  —  Founded in 2017 by Byron Dai and Rahul Mahida, Daivergent's platform connects AI companies with high-volume data needs to a remote workforce comprised of people with autism.
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.
TechCrunch Disrupt SF:
Will Smith and Ang Lee are coming to Disrupt SF this October 2-4  —  We'll talk to Lee and Smith about what it was like working with these effects, and how else they could change the way movies get made.
Intel:
Here's how Intel is powering breakthrough research in astronomy, medicine, AI and beyond  —  Fastest supercomputer in academia - Frontera, is based on 2nd generation Intel® Xeon® Scalable processors.

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Earlier Picks

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Washington Post: