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.

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