Techmeme
July 6, 2018, 5:55 PM

Top News

Timothy W. Martin / Wall Street Journal:
Samsung Electronics forecasts quarterly operating profit of ~$13.2B in Q2, up 5% YoY, below analysts' estimates, amid reports of weak Galaxy S9 sales  —  Company expects operating profit of 14.8 trillion South Korean won; end of record-earnings streak  —  SEOUL—Samsung Electronics estimates …
Chaim Gartenberg / The Verge:
Sonos files for an IPO, with plans to raise $100M, and reports a net loss of $14.2M on revenue of $992.5M in the year ending September 30, 2017  —  The popular speaker company has announced plans for an IPO  —  Sonos officially filed for an initial public offering today …
Kaitlin Benz / CNET:
Netflix to end users' ability to post new reviews July 30 and remove existing written reviews mid-August, will keep thumbs up and down system  —  Soon, it'll be a little harder for you to tell everyone what you thought of Marvel's The Avengers.  —  Netflix is removing a desktop-only feature …
Jeremy Horwitz / VentureBeat:
Israeli publication CTech retracts claim of Apple notifying Intel about not using its 5G chips, and Intel says the “5G modem part of the story is inaccurate”  —  Following yesterday's report from Israeli publication CTech that Apple has decided not to use an Intel 5G modem called …
Penny Crosman / American Banker:
CipherTrace: the amount of cryptocurrencies stolen from exchanges tripled to $761M in the first half of 2018 compared to all of 2017, may reach $1.5B this year  —  Three times more cryptocurrency was stolen from exchanges in the first half of 2018 than all of 2017, with a corresponding boost …
Tim Cushing / Techdirt:
The Malaysian government, now led by a new prime minister, says it plans to repeal the Anti-Fake News Act 2018  —  Malaysia's government seized upon the term “fake news” as a way to silence coverage of internal corruption.  The new law gave the government a way to steer narratives …
Bloomberg:
US Court of Appeals for DC Circuit upholds FAA's ability to police hobbyist drone use, overturning a decision from last year that said FAA's system was illegal  —  - Craft operator had argued U.S. agency exceeded its authority  — Ruling sets stage for government to expand drone commerce
More: TechCrunch
Kia Kokalitcheva / Axios:
Sources: Uber and Lyft each held talks to acquire Skedaddle, a startup that creates group bus rides by matching customers headed in the same direction  —  Uber and Lyft each held talks to acquire Skedaddle, a startup that creates group bus rides by matching customers headed in the same direction, Axios has learned.

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Hans Lee / Bloomberg:
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