Techmeme
January 30, 2020, 10:15 AM

Top News

Charlie Osborne / ZDNet:
Avast will shut down its marketing subsidiary Jumpshot following controversy over selling user data to third parties  —  Avast's CEO said the move is “absolutely the right thing to do.”  —  Avast is winding down its subsidiary Jumpshot following an explosive investigation into the sale …
Facebook:
Facebook reports Q4 revenue of $21.1B, up 25% YoY, and net income of $7.4B, up 7% YoY; DAUs rose 9% YoY to 1.66B, MAUs rose 8% YoY to 2.5B; stock drops 5%+  —  Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter and full year ended December 31, 2019.
Josh Constine / TechCrunch:
Microsoft:
Microsoft Q2: revenue of $36.9B, up 14% YoY, net income of $11.6B, up 38% YoY; Commercial Cloud revenue up 39% YoY to $12.5B; Office 365 Consumer subs hit 37.2M  —  Microsoft Commercial Strength Powers Second Quarter Results REDMOND, Wash. — January 29, 2020 — Microsoft Corp. today announced …
Emil Protalinski / VentureBeat:
Emma Court / Bloomberg:
Practice Fusion, which offers free, ad-supported health records software to doctors, agrees to pay $145M DOJ fine for its role in boosting opioid prescriptions  —  - Practice Fusion ensured that addictive drugs were on the menu  — 'It's evil.  There's really no other word for it,' doctor says
Eun-Young Jeong / Wall Street Journal:
Samsung reports weak Q4 earnings from low memory chip sales as net profit slumps to $4.4B, down 39% YoY, on revenue of $50.52B, up 1.1% YoY  —  Company reports weak fourth-quarter earnings from low memory-chip sales  —  SEOUL—Samsung Electronics Co. reported a 39% drop in fourth-quarter net profit …
New York Times:
Facebook agrees to pay $550M to settle a class action suit over Illinois biometric law violations for tagging users in photos, after SCOTUS rejected its appeal  —  It was another black mark on the privacy record of the social network, which also reported its quarterly earnings.
Bloomberg:
California court orders Apple to pay $838M and Broadcom to pay $270M for infringing California Institute of Technology patents on Wi-Fi transmissions  —  Apple Inc. and Broadcom Inc. must pay $1.1 billion in damages for infringing California Institute of Technology patents on Wi-Fi transmissions, a jury in California ordered.
The Information:
Source: Apple has terminated AI startup Xnor.ai's involvement in the Pentagon's Project Maven after its recent acquisition of the startup  —  Big technology companies like Microsoft, Amazon and Google have jockeyed to secure lucrative contracts supplying their products and services to the military.
Zac Hall / 9to5Mac:
Fantastical, a popular calendar app for iOS and macOS, switches to a subscription model to unlock new premium features like Calendar Sets and weather forecasts  —  Admit it, you've lost track of how many years it's been since you paid for Fantastical.  The answer could be as long ago as 2013 …
Natasha Lomas / TechCrunch:
Study that looked at 72M YouTube comments across 330,925 videos finds evidence of radicalization effect on users that leads them to extreme far-right content  —  Research presented at the ACM FAT 2020 conference in Barcelona today supports the notion that YouTube's platform is playing a role …
Annie Musgrove / Tech.eu:
SimScale, which offers cloud-based computer-aided engineering simulation software, raises €27M Series C led by Insight Partners  —  SimScale, the Munich-based SaaS startup, has raised €27 million in Series C funding to grow its cloud-based engineering simulation tool.

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Earlier Picks

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