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July 31, 2018, 5:35 PM
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| Apple: |
Apple reports Q3 iPhone unit sales of 41.3M, up from 41.0M YoY, revenue of $53.3B, up 17% YoY, net income of $11.5B, up from $8.7B YoY — Revenue Up 17 Percent and EPS Up 40 Percent to New June Quarter Records — Services Revenue Reaches New All-Time High
| Sara Salinas / CNBC: |
Apple reports $9.55B in services revenue, up 31% YoY, vs. $9.21B est., as the company moves toward its goal of $14B in quarterly services revenue by 2020 — - Wall Street had expected software and services revenue to remain essentially unchanged from the previous quarter, according to StreetAccount.| Facebook: |
Facebook bans 32 Pages and accounts from FB and Instagram for “coordinated inauthentic behavior”, says they were far better at covering tracks than Russia's IRA — Today we removed 32 Pages and accounts from Facebook and Instagram because they were involved in coordinated inauthentic behavior.
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Business Insider, Washington Post, CNNMoney, Wall Street Journal, TechCrunch, Telegraph, Motherboard, ZDNet, VentureBeat, Quartz, The Next Web, The Register, Axios, Bloomberg, Federal Computer Week, CNET, NPR, BBC, SlashGear, Recode, Mashable, Ars Technica, BGR, BuzzFeed News, Politico, Refinery29, GeekWire, Hit & Run, Wired, The Verge, Newser, KnowTechie, The Hill, CNBC, and Vox
Facebook: Mark Zuckerberg. Tweets: @joshconstine, @joshconstine, @eff, @thegrugq, @facebook, @stevekovach, @joshconstine, @carnage4life, @shiraovide, @carnage4life, @sarahfrier, @dmealo, @zackwhittaker, @caseynewton, @kevinroose, and @kantrowitz
| 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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The Guardian, MIT Technology Review, The Hill, TechCrunch, CNET, Business Insider, Axios, Boing Boing, and Engadget
Tweets: @sarahfrier, @kevinroose, @kevinroose, @repadamschiff, @shiraovide, @kevinroose, @zackwhittaker, @raju, and @ericgeller
| Sarah McBride / Bloomberg: |
Ecommerce startup Brandless, which sells most of its generic home-goods staples for $3, raises $240M from SoftBank's Vision Fund at a $500M+ valuation — Brandless sells about 300 generic home-goods staples, mostly for $3 each. — It's tough to wow Masayoshi Son with a bargain … | Bloomberg: |
Inside Waymo's self-driving efforts in Phoenix and its partnership with the city's metro authority as it readies a pilot to connect people to public transit — For the past year, Kyla Jackson has been one of the only teenagers in the world who gets a ride to high school from a robot.
More:
Waymo, The Verge, VentureBeat, TechCrunch, and TechSpot
Tweets: @robinsloan, @mhbergen, @tsrandall, and @waymo
| 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.
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Quartz, AVC, Axios, and TechCrunch
Tweets: @christottman1, @pitdesi, @hodges, @adambain, @kateglazebrook, @ekp, and @rrhoover
| 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?| Wall Street Journal: |
Apple has recently come under fire from several Chinese state media outlets for allegedly failing to effectively counter prohibited content in iMessages — The state-controlled media criticism comes amid rising trade tensions with the U.S. — BEIJING— Apple Inc. AAPL .32% has come under fire …
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VentureBeat, AppleInsider, Cult of Mac, 9to5Mac, and MacDailyNews
Tweets: @nickmarroeiu, @wsj, @tepingchen, @evadou, and @isaacstonefish
| Dustin Volz / Wall Street Journal: |
DHS announces the creation of a new center aimed at guarding the nation's banks, energy companies, and other industries from major cyberattacks — Center's creation is driven by growing recognition that sophisticated cyberattacks can cause systemic failure across society, official says
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CNBC, Associated Press, MIT Technology Review, Engadget, The Hill, Fortune, and Nextgov
Tweets: @ericgeller, @acupoker, @wsj, @dnvolz, and @dnvolz
| Dean Takahashi / VentureBeat: |
Nintendo has sold 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.
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IGN, The Next Web, PCMag, The Verge, Thurrott.com, Polygon, TechCrunch, InvestorPlace, GeekWire, Gamasutra, Neowin, Inquirer, TechCrunch, Bloomberg, Telegraph, Engadget, and Kotaku. Tweets: @notpatrick
| Lily Katz / Bloomberg: |
Cryptocurrency exchange Binance buys Trust Wallet, its first acquisition, for undisclosed amount; the crypto wallet provider launched in Nov., has 10 employees — Binance, one of the world's biggest cryptocurrency exchanges, is embarking on its first acquisition as it seeks to give customers more control over their digital coins.
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TechCrunch, Business Wire, NewsBTC, and Bankless Times
| Richard Nieva / CNET: |
Facebook is redesigning its mobile app's navigation bar to show people shortcuts for the products they use most frequently like Marketplace, Groups, or Watch — Facebook said Tuesday it's redesigning its mobile app's navigation bar — at the bottom of the screen for iPhones … | 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 …
Tweets: @markets, @northmantrader, and @carnage4life
| 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 … | 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 … | Alex Konrad / Forbes: |
Customer messaging unicorn Intercom debuts its app store with 100+ apps from partners including Google, Stripe, Salesforce, Atlassian, and Marketo — A look at Intercom's app store. — Ask Intercom CEO Eoghan McCabe about what he calls the “p word,” and he'll wince like he's describing an overripe fruit.
Tweets: @intercomdevs
| 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 …
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GeekWire, SiliconANGLE, PE Hub Blog, VentureBeat, and Crowdfund Insider
| Nat Levy / GeekWire: |
Zillow expands its Zillow Rental Manager service by letting US landlords collect applications and rent — Zillow Group today debuted new features that let people pay rent and apply for apartments through its website, the latest example of the Seattle tech giant's move to cover a bigger portion of the home rental and sales processes.
More:
The Verge and VentureBeat
| Nat Levy / GeekWire: |
DocuSign acquires Chicago-based cloud document management company SpringCM for $220M in cash to grow its business beyond electronic signatures — DocuSign said it has agreed to acquire SpringCM, a Chicago-based cloud document generation and contract management company, for $220 million in cash.| James Yan / Counterpoint Research: |
Chinese smartphone market declined 7% YoY in Q2 2018, the fourth consecutive quarter of annual decline; Huawei's marketshare grew from 20% to 26% — Huawei was the fastest and lone brand registering a positive 22% YoY growth leading the market with an all-time-record share.Sponsor Posts
Meta:
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Open Source AI: Available to all, not just the few — Meta's open source AI enables small businesses, start-ups, students, researchers and more to download and build with our models at no cost.
Zoho:
The crossroads of AI and SaaS — Enabling businesses of all sizes to build products in-house and disqualifying SaaS tools that are not AI-powered. In a span of just two years, AI has made a name for itself as the key driver for innovation.
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Genesys:
Executive Insights: The Era of Contact Center AI Copilots — How AI copilots are transforming customer experience and agent performance.
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Tribe AI:
Build AI products that matter — Tribe AI helps organizations rapidly deploy AI solutions that have real business impact. We bring together world class AI talent and tooling to drive differentiated results.
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