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July 31, 2018, 12:35 PM
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| Bloomberg: |
Samsung misses Q2 estimates with an operating profit of ~$13.4B, up 5.7% YoY, on revenue of ~$52.19B, down 4% YoY, amid weak sales of Galaxy S9 — Samsung Electronics Co.'s net income fell short of analysts' estimates as slowing growth in the global smartphone market hits demand for its Galaxy devices … | Richard Kerby: |
Review of ~1,500 VCs shows about 40% attended either Stanford or Harvard, and the group is 82% male, 70% white, 26% asian, 3% black, and 1% hispanic — The lack of diversity within venture capital is something I have been hard at work to try and remedy and I write about frequently.
More:
Quartz, Axios, AVC, and TechCrunch
Tweets: @christottman1, @pitdesi, @adambain, @kateglazebrook, @hodges, @ekp, and @rrhoover
| Nick Statt / The Verge: |
WhatsApp group calling for voice and video, announced at F8, now live globally on iOS and Android, with end-to-end encryption and support for up to four users — Up to four people can chat simultaneously — Back at Facebook's F8 developer conference in May, WhatsApp announced …
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WhatsApp.com, TechCrunch, Android Authority, 9to5Google, Pocketnow, Digital Trends, Thurrott.com, CNET, CrackBerry.com, 9to5Mac, Pocket-lint, Neowin, VentureBeat, Softpedia News, Firstpost, The Next Web, iPhone in Canada Blog, XDA Developers, iPhone Hacks, Android Police, MacRumors, Mashable, and Engadget
| Dean Takahashi / VentureBeat: |
Nintendo sells 19.7M Switch consoles to date, with net sales of $1.513B in the quarter ending June 30, up 9% YoY, and profit of $394.6M, up 42% YoY — Nintendo reported net sales of $1.513 billion for the first fiscal quarter ended June 30, up 9 percent from $1.386 billion for the same period a year ago.
More:
The Verge, PCMag, TechCrunch, Inquirer, IGN, Bloomberg, Neowin, Engadget, Thurrott.com, Telegraph, and Kotaku. Tweets: @notpatrick
| New York Times: |
Sources: Facebook has alerted Congress to new coordinated political influence campaign, with dozens of inauthentic accounts and pages, ahead of midterms — WASHINGTON — Facebook is preparing to announce that it has identified a coordinated political influence campaign …
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Slashdot. Tweets: @sarahfrier, @kevinroose, @shiraovide, @ericgeller, @zackwhittaker, and @kevinroose
| Ben Thompson / Stratechery: |
Despite Facebook's disappointing Q2 earnings, its moats are deeper than ever and its money-making potential is not only huge but growing — While I was mostly unplugged on my vacation last week, with the news of Facebook's disappointing earnings report and subsequent stock decline …
More:
getrevue.co and Howard Lindzon
| New York Times: |
A look at how robotic hands are evolving to perform more complex tasks on their own, thanks to advances in AI and machine learning — Robotic hands could only do what vast teams of engineers programmed them to do. Now they can learn more complex tasks on their own. — A robotic hand?| Jamie Rigg / Engadget: |
Sony reports Q1 revenue of $17.9B with ~$1.8B in profit and 3.2M PS4 sales but lost ~$97M from its smartphone division and predicts those sales will worsen — Sony's new CEO Kenichiro Yoshida has been at the company's helm for just a few short months now, but fortunately … | Paul Sawers / VentureBeat: |
Freshworks, which offers a range of customer support and sales software, has raised $100M Series G co-led by Sequoia and Accel Partners, at a $1.5B valuation — Freshworks, which offers a range of customer support and sales software, has raised $100 million in a series G round of funding co-led … | Catherine Shu / TechCrunch: |
Skyline AI, which uses data science and machine learning algorithms to help real estate investments, raises $18M Series A led by Sequoia Capital — A mere four months after coming out of stealth mode with $3 million in seed funding, real estate investment startup Skyline AI announced …
More:
VentureBeat, SiliconANGLE, PE Hub Blog, and Crowdfund Insider
| Axios: |
Sources: Yahoo Finance is launching a full-day live video streaming network by the end of the year that will include market and global financial news updates — Yahoo Finance is launching a full-day live video streaming network by the end of the year, three sources familiar with the plans tell Axios.| Jeremy Horwitz / VentureBeat: |
Google officially launches the Chrome browser on its Daydream VR platform, with voice search, incognito mode, and a cinema mode that optimizes web video for VR — If you're excited by the prospect of browsing the web from the comfort of your VR headset, good news: Google is bringing … | Bloomberg: |
Tencent's stock has dropped 25% from its January peak, erasing $143B in value, as global investors become warier of big tech's potential growth — If you thought the slump in U.S. technology stocks was bad, take a look at Tencent Holdings Ltd. — The Chinese Internet giant has tumbled 25 percent … | Julie Verhage / Bloomberg: |
Payroll and benefit services startup Gusto raises $140M led by T. Rowe Price Associates, Y Combinator Continuity Fund, and General Catalyst at a ~$2B valuation — - CEO says the company is targeting an IPO in 3 to 5 years — The latest funding round gives Gusto a valuation of $2 billion| Kirsten Korosec / TechCrunch: |
Uber says it will stop development of self-driving trucks and instead focus on self-driving cars; Uber Freight is unaffected by this decision — Uber is shuttering its self-driving trucks unit, a beleaguered program borne out of the company's controversial multi-million acquisition of Otto nearly two years ago.
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Ars Technica, VentureBeat, SiliconANGLE, TechSpot, The Next Web, CNBC, FreightWaves, Mashable, Fortune, SlashGear, CBS Pittsburgh, Telegraph, Seeking Alpha, The Verge, Engadget, The Loop, Financial Times, Slate, and Business Insider. Tweets: @jillianiles
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Zoho:
5 common accounting mistakes — This is a guest post by Yaali Bizappln Solutions. A lot of businesses manage their customers and finances on separate platforms. This disconnect often leads to missed invoices …
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