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July 6, 2018, 1:05 PM
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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 …
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 …
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 …
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 …
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.
Benjamin Mayo / 9to5Mac:
Ming-Chi Kuo report: 6.5" OLED iPhone should cost ~$1K and come in three colors; 6.1" LCD model should cost ~$700 and come in five colors including blue and red  —  Ming-Chi Kuo released a report today that ups his estimates for the new 2018 iPhone sales, as well as detailing a few changes to expect.
Josh Horwitz / Quartz:
Xiaomi CEO Lei Jun has reportedly backed 300+ companies via his VC firm Shunwei Capital and as an angel investor, while Xiaomi invested in 157 firms  —  India's top mobile browser.  Hong Kong's Uber for logistics.  China's second-largest bike-sharing service.
Joseph Cox / Motherboard:
Israeli indictment says an employee allegedly stole source code of NSO Group's powerful smartphone hacking tools before attempting to sell it for $50M  —  NSO sells its potent iPhone malware to governments, including Mexico and the United Arabs Emirates.  But according to a newly released indictment …
Sapna Maheshwari / New York Times:
A look at how Samba TV collects viewing data from 13.5M smart TVs in the US to make personalized show recommendations and enable ad targeting  —  The growing concern over online data and user privacy has been focused on tech giants like Facebook and devices like smartphones.
Hans Lee / Bloomberg:
IBM secures AU$1B contract to be the central technology partner to Australian government over the next five years, providing automation and blockchain services  —  - Contract comes 2 years after playing role in bungled census  — Government savings from 5-year agreement estimated at A$100m

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From Mediagazer

Brian Stelter / CNN:
In a letter to Bob Iger, incoming FCC Chair Brendan Carr raised concerns about ABC's negotiations with its affiliated stations, public trust in media, and more

Todd Spangler / Variety:
Fubo says TelevisaUnivision has pulled its networks from Fubo and that TelevisaUnivision offered terms “that would increase prices by 25%” for Fubo subscribers

Cecilia D'Anastasio / Bloomberg:
Riot Games says it spent $250M on an unusual deal to finance two seasons of League of Legends show Arcane on Netflix; sources: there was no plan to recoup costs

More News

Earlier Picks

Renee DiResta / Wired:
A look at how “keyword voids”, social recommendations, and paid promotions can lead to tragic misinformation in top search results for health-related queries
Natasha Lomas / TechCrunch:
European Parliament votes against controversial Article 11 and Article 13 copyright reform proposals, meaning they will now be open for debate and amendments
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