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July 27, 2017, 8:50 AM
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Top News

Facebook:
Facebook Q2: $9.3B revenue, up 45% YoY, mobile made 87% of total; profit up 71% YoY; 1.3B DAUs, up 17% YoY; 2B MAUs, up 17% YoY; 20.7K headcount, up 43% YoY  —  “We had a good second quarter and first half of the year,” said Mark Zuckerberg, Facebook founder and CEO.
Wall Street Journal:
Samsung posts record net profit of $9.9B in Q2, up 89% YoY boosted by strong chip and Galaxy S8 sales, revenue rose to $54.8B, up 19.8%  —  Results position the company to top Apple in quarterly profits  —  SEOUL—Samsung Electronics Co. delivered its biggest-ever quarter of profits …
Michael Sheetz / CNBC:
Twitter's Q2 revenue of $574M beats expectations, but monthly active users remain flat at 328M; advertising revenue decreased 8% YoY to $489M, shares fall 8%+  —  - Twitter posted better-than-expected EPS and revenue growth in its second-quarter earnings report.
U.S. Department of Justice:
US Justice Department charges Russia's Alexander Vinnik on suspicion of laundering $4B+ funds via bitcoin, alleges funds obtained via Mt.Gox hack  —  Defendant Alexander Vinnik Was Arrested in Greece to Face Charges in the United States; Bitcoin Exchange Alleged to Have Received Deposits Valued at Over $4 Billion
CNBC:
Sources: Amazon's 1492, a skunkworks lab, is working on healthcare tech including a platform for medical records, telemedicine, and apps for devices like Echo  —  - Areas of exploration include a platform for electronic medical record data, telemedicine and health apps for existing devices like the Amazon Echo.
Tom Krazit / GeekWire:
Microsoft debuts Azure Container Instances, which make it easier to deploy and bill containers on Azure, and joins foundation that oversees Kubernetes  —  Microsoft's cloud business is making two notable moves involving containers Wednesday — unveiling a new service that aims to make it much easier …
Ina Fried / Axios:
Tech leaders including Tim Cook, Jack Dorsey, Mark Zuckerberg, Sam Altman, Sundar Pichai, and Marc Benioff speak out against Trump's transgender troop ban  —  Salesforce and the CEO of Google are among the first tech leaders to publicly speak out after President Trump's announcement Wednesday …
New York Times:
Foxconn says it plans to invest $10B in Wisconsin plant, creating 3,000 jobs, manufacturing flat-panel displays for TVs and other consumer electronics  —  Foxconn, the Taiwanese electronics supplier for Apple and other tech giants, said Wednesday it would open its first major American factory in Wisconsin …
Sarah Buhr / TechCrunch:
Apple and Cochlear partner to introduce the Nucleus 7 Sound Processor hearing implant, which works directly with iOS devices rather than via an app  —  Apple has teamed up with Australian-based Cochlearto bring iPhone users the first made for iPhone Cochlear implant.
Financial Crimes Enforcement Network:
US Treasury's FinCEN fines BTC-e $110M for violating US anti-money laundering laws  —  Immediate Release  —  WASHINGTON—The Financial Crimes Enforcement Network (FinCEN), working in coordination with the U.S. Attorney's Office for the Northern District of California …
Eliot Brown / Wall Street Journal:
Dow Jones: 30 US VC funds raised $500M+ each last year, up from 17 in 2015, and the most since 54 in 2000  —  Canaan Partners' $800 million fund is the latest jumbo-size capital pool  —  Giant venture-capital funds are piling up in Silicon Valley, a sign that foundations …

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This is a Techmeme archive page. It shows how the site appeared at 8:50 AM ET, July 27, 2017.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Alex Sherman / CNBC:
Analyzing Comcast's spinoff of cable networks, purposefully structured with low debt: the move might be a signal to the industry that it's time to consolidate

Daniel Thomas / Financial Times:
James Harding says the Tortoise-Observer deal could create a profitable media group and there isn't a guaranteed future for the Observer with the Guardian

Charlie Savage / New York Times:
Trump says Republicans must kill the PRESS Act, which would protect journalists' records and sources from the US government; the bill is stalled in the Senate

More News

Earlier Picks

Eric Newcomer / Bloomberg:
Sources: Uber could appoint a new CEO within six weeks, says head of HR; shortlist has fewer than six candidates, including HPE's Meg Whitman
Bloomberg:
Sources: Facebook to debut a series of original, short-form videos from partners in mid-Aug., after a number of false starts; longer-form content to come later
Jon Russell / TechCrunch:
Xiaomi unveils Mi AI smart speaker, available in China for ~$45, to control Xiaomi hardware and other smart products, play media, more
Barry Schwartz / Search Engine Land:
Google says it has removed Google Instant search results, which showed results as users typed, citing the shift from desktop to mobile searches
Christina Passariello / Wall Street Journal:
Interviews with Apple executives reveal how Jony Ive, Apple's chief designer, brought Steve Jobs's exacting design vision for Apple Park to life
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