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July 28, 2017, 8:50 PM
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| Stipe / Nokiamob: |
As part of patent settlement, Nokia received upfront cash payment of €1.7B from Apple, Finnish company discloses during its earnings call — In today's financial results, Nokia mentioned that it had increased cash inflow thanks to an “up-front cash payment of approximately EUR 1.7 billion …
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| Bloomberg: |
Huawei CEO confirms full-screen display on upcoming Mate 10, as company reports Q2 results, and says it is giving up on very low-end devices — It aims to ship as many as 150 million smartphones in 2017 — The Chinese firm chalked up $42 billion in first-half revenue
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HUAWEI Consumer, The Next Web, Digital Trends, Android Authority, BGR, International Business Times, SlashGear, Business Standard, Reuters, Ubergizmo, TechSpot, Fone Arena, Softpedia News, Neowin, Pocket-lint, 9to5Google, 9to5Google, Ubergizmo, Android Police, Wall Street Journal, and PhoneDog.com
| David Gewirtz / ZDNet: |
iRobot clarifies CEO's comments, says it never intended to sell Roomba data, will only share data with other smart home devices with customer's permission — Exclusive: Are Roomba vacuum cleaners spying on you? Will iRobot sell your home's mapping data? iRobot's CEO sets the record straight.| Kevin Kelleher / VentureBeat: |
Redfin closes at $21.70, up 44%+ on its first day of trading, after raising $138M in an IPO — Redfin is not exactly a household name in the world of consumer tech - it's a residential real-estate brokerage built on the Internet - but it's the closest thing the tech IPO market has to a hero as we enter the second half of 2017.
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| Wall Street Journal: |
Sources: Sprint has proposed a merger with Charter Communications; proposal calls for new publicly traded entity that would be controlled by SoftBank — Sprint Chairman Masayoshi Son seeks to create media and communications giant controlled by SoftBank, sources say| Kara Swisher / Recode: |
Katie Couric is ending her Yahoo show and departing Oath, but will work with Oath case-by-case for projects — But the longtime TV news star will still work with the company on a project basis — Katie Couric is ending her Web interview show for Yahoo, Oath confirmed after Recode contacted the company about the development.| Laura Stevens / Wall Street Journal: |
Amazon quarterly profit fell 77% last quarter despite sales growth as it spent on new warehouses, delivery capacity, data centers, and hiring — Amazon.com Inc. AMZN -1.68% said quarterly profit fell 77% even as sales jumped, a sign of the high cost of its increasing dominance of retail.| Amazon.com: |
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| Tim Peterson / Marketing Land: |
Twitter is testing a subscription service that automatically promotes advertisers' profiles and up to first 10 tweets a day for $99 per month — For a monthly fee, Twitter would promote up to 10 tweets a day in addition to running month-long Promoted Account ads.
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Business Insider, BuzzFeed, Digital Trends, Breitbart, TechCrunch, Recode, BetaNews, and Axios. Tweets: @chris_ciaccia
| Josh Constine / TechCrunch: |
Anonymous social app Whisper lays off 14 of its 71 employees; source says revenues were $1.3M in June, firm will have $100K in free cash flow in August — Startups are dying all over the place as last year's investment cool-off leads many to run out of cash.| AltspaceVR Inc: |
AltspaceVR, a social platform for virtual reality, to shut down August 3 due to “unforeseen financial difficulties” — It is with a tremendously heavy heart that we let you all know that we are closing down AltspaceVR on August 3rd, 7PM PDT. The company has run …
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CNET, TechCrunch, Wired, Silicon Valley Business …, Engadget, TechSpot, GamesIndustry.biz, Xconomy, The Verge, New World Notes, FinSMEs, Road to VR, UploadVR, and Kotaku. Tweets: @doracheng
| Yoolim Lee / Bloomberg: |
Expedia leads $400M round for Indonesian travel site Traveloka by contributing $350M; source says Traveloka is now valued at $2B — Traveloka Holding Ltd. raised $400 million in a funding round led by Expedia Inc. that conferred a $2 billion valuation on Indonesia's largest online travel startup … | Ingrid Lunden / TechCrunch: |
Amazon reportedly acquired GameSparks, a startup that helps developers add cloud-based features to games, for $10M — Amazon and its enterprise cloud division AWS have been making a number of moves to expand the company as a platform to build and host games.
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