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July 31, 2019, 8:05 PM
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| Tim Ingham / Music Business Worldwide: |
Spotify reports 108M paying subscribers in Q2, up 31% YoY, revenue of €1.67B, up 31% YoY, and an operating loss of €3M — Spotify closed its second calendar quarter this year with 108m paying subscribers and 232m total Monthly Active Users (MAUs).| Alex Wilhelm / Crunchbase News: |
Report: Cloudflare plans to pursue an IPO in September and has filed a confidential S-1 with the SEC; it was valued at ~$3.2B in its $150M March Series E — Morning Markets: Cloudflare is reportedly going public this year, meaning that we have at least two big-name IPOs left in the tank.
Source:
Business Insider
| Alex Heath / The Information: |
Sources: Facebook is working on a new TV device that can stream video and make video calls using its Portal tech, and has approached Netflix, Disney, and others — Facebook has approached Netflix, Disney and other media companies about putting their streaming services on a new Facebook device …
More:
SiliconANGLE, Tubefilter, The Streamable, AppleInsider, Financial Times, Engadget, Reuters, Thurrott, Mashable, Neowin, Variety, and The Verge
Tweets: @mchilberg, @alexeheath, and @brandonleblanc
| Kate Clark / TechCrunch: |
Toronto-based Clearbanc, which offers $10K-$10M investments in e-commerce startups, says it raised $50M led by Highland Capital and announces a new $250M fund — That company disrupting venture capital just raised more venture capital. — Clearbanc has attracted $300 million …
More:
Digital Trends, Business Insider, WWD, Fast Company, Axios, Crunchbase News, BetaKit, and PYMNTS.com
| Russell Brandom / The Verge: |
Apple joins Google, Facebook, and Twitter in the open-source Data Transfer Project, will develop interoperable systems to bring data in and out of iCloud — Just over a year after its official launch, the Data Transfer Project is announcing a new set of partners and features.| Richard Waters / Financial Times: |
Filings: Alphabet's cash pile reached $117B, surpassing Apple's as the world's largest for the first time in 10 years, as Apple's declined from $163B to $102B — The corporate world has a new king of cash. The title for the company with the biggest financial reserves, held by Apple for a decade … | Wall Street Journal: |
Four major broadcast networks sue Locast, which is funded by AT&T, to try to stop it from freely retransmitting the signals of their local TV stations — CBS, ABC, NBCU and Fox say AT&T-funded Locast is retransmitting their signals without permission and in violation of copyright law
More:
Slashdot, Mashable, Engadget, Axios, The Verge, CNET, Light Reading, and The Streamable
| Raymond Zhong / New York Times: |
Trump's ongoing trade war with China has been a boon for Vietnam, as some tech companies, like Apple and Nintendo, consider shifting production there — Samsung already assembles half of its handsets in the country, which got a big lift from U.S. tariffs on Chinese goods. Now Apple is homing in.
More:
TechSpot and The Mac Observer
Tweets: @nytimesbusiness, @anaswanson, @scottlincicome, and @zhonggg
| Lauren Feiner / CNBC: |
Fitbit beat analyst estimates with Q2 revenue of $314M, up 5% YoY, but lowered Q3 guidance; stock down 14%+ after hours — KEY POINTS — The Fitbit Ionic has a few apps, with more to come — Shares of Fitbit cratered as much as 21% after hours on Wednesday after the company cut guidance … | Cho Mu-Hyun / ZDNet: |
Samsung posts Q2 operating profit of ~$5.6B, down 56% YoY, on revenue of ~$47.4B, down 4% YoY, after profits from its chip and mobile businesses declined YoY — Samsung expects “persistent uncertainties” in the memory business for the remainder of the year but will pursue an aggressive investment plan in the second half.
More:
Samsung Global Newsroom, CNBC, Patently Apple, Reuters, Bloomberg, Engadget, Gizchina, FutureSin, Android Police, AnandTech, PYMNTS.com, Android Headlines, Digital Trends, BBC, TechCrunch, Wall Street Journal, SiliconANGLE, AppleInsider, Financial Times, and Reuters
Tweets: @neiltwitz and @neiltwitz
| Olivia Carville / Bloomberg: |
Court filing: former IBM HR VP Alan Wild says the company has fired 50,000 to 100,000 staff in recent years; ongoing litigation argues older staff were targeted — - Moves were to make IBM appear as ‘cool’ as Google and Amazon — Big Blue is facing several age-discrimination lawsuits| Ryan Christoffel / MacStories: |
An in-depth look at Apple Maps in iOS 13, the biggest update to the service so far, and how it compares to Google Maps — Apple's path to a home-brewed mapping solution has been long and perilous, but it's almost arrived. — 12 years ago the iPhone launched with Google powering … | Rebecca Aydin / Business Insider: |
Sex tech startups protest outside Facebook's NYC offices, saying it bars them from running ads, and launch site to show alleged double standard of ad approvals — - The women's wellness companies say Facebook has not allowed them to run ads for their products on Facebook or Instagram.| Sean O'Kane / The Verge: |
DJI unveils new goggles for its drones, offering a 720p streaming first-person view, and a new controller, both geared toward racing and available now from $819 — The Chinese giant's first serious move into a growing niche market — DJI is making a fairly bold move into the world of first-person view …
More:
Engadget, DroneDJ, DroneDJ, TechCrunch, and CNET
| Paris Martineau / Wired: |
Behind the rise of the funeral livestreaming industry in the US, where an estimated 20% of funeral homes offer livestreaming services — It was early enough in the morning that Natalie Levy probably shouldn't have been awake—she had recently left a high-stress job at a private-equity firm in San Francisco …
Tweets: @nxthompson and @parismartineau
| Shara Tibken / CNET: |
A look at the potential benefits of 5G in a variety of applications and services, including AR/VR, healthcare, emergency response, connected cars, and broadband — Take a five-minute walk behind Qualcomm's main office in San Diego and you'll find an unlikely kind of lab.| Frederic Lardinois / TechCrunch: |
Google says its Titan security keys are now available in Canada, France, Japan, and the UK, expanding beyond the US — Google today announced that its Titan Security Key kits are now available in Canada, France, Japan and the UK. Until now, these keys, which come in a kit with a Bluetooth key …
More:
9to5Google, Tom's Hardware, and ZDNet
| Zack Whittaker / TechCrunch: |
Researcher discovers unsecured Honda database, now secured, containing 134M rows of employee systems data that could help hackers compromise its systems — An exposed database at automotive giant Honda allowed anyone to see which systems on its network were vulnerable to unpatched security flaws … | Chris Welch / The Verge: |
In an apparent bid to sway Trump after he rejected Apple's request for Mac Pro part import exclusions, Tim Cook says Apple plans to make the Mac Pro in the US — But reports indicate new model will at least begin production in China — During this afternoon's call with investors …
More:
CNBC, The Daily Dot, The Hill, and Silicon Republic
| Stephanie Condon / ZDNet: |
Qualcomm misses with Q3 revenue of $4.9B, down 13% YoY, and licensing revenue of $1.29B, down 10% YoY; stock down 4%+ after hours — Qualcomm says it is well positioned for the 5G ramp to come in early 2020. — Qualcomm published its third quarter financial fiscal 2019 results on Wednesday … | Anna Baydakova / CoinDesk: |
Sources: Chinese importers in Russia buy ~$30M worth of tether, a USD pegged crypto coin, every day, to send large sums of money back home — The Takeaway — Chinese importers in Russia are buying up to $30 million a day of tether (USDT) from Moscow's over-the-counter trading desks.
More:
TechNode, CryptoGlobe, and PYMNTS.com
Tweets: @theanchor_io, @jp_koning, @karolcummins, @baidakova, and @coindesk
| Sarah Scoles / The Verge: |
Newly-released documents on Sentient, the NRO's ambitious analysis tool meant to guide spy satellites to areas of interest, raise more questions than answers — Meet the classified artificial brain being developed by US intelligence programs — At the final session of the 2019 Space Symposium …
Tweets: @scolessarah, @alishagrauso, @verge, @scolessarah, and @daniel_bilar
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