Techmeme
July 18, 2019, 11:20 PM

Top News

Microsoft:
Microsoft reports Q4 revenue of $33.7B, up 12% YoY, operating income of $12.4B, up 20% YoY, and net income of $13.2B, up 49% YoY  —  REDMOND, Wash. — July 18, 2019 — Microsoft Corp. today announced the following results for the quarter ended June 30, 2019, as compared to the corresponding period of last fiscal year:
Wall Street Journal:
Sources: WeWork co-founder Adam Neumann has cashed out more than $700M from the company ahead of its IPO through a mix of stock sales and debt  —  Adam Neumann has sold some of his WeWork stake and borrowed against some of his holdings, investing the proceeds in real estate and startups
Ryan Mac / BuzzFeed News:
Inside 18 months of turmoil at Grindr, which some former employees say began with its sale to Chinese company Kunlun Group and elevation of Scott Chen  —  Over the last 18 months, Grindr has faced a federal investigation, layoffs, mismanagement, and internal turmoil.
Geoffrey A. Fowler / Washington Post:
Chrome and Firefox extensions with up to 4M installs leaked sensitive data, including names and passwords, to marketing intelligence service Nacho Analytics  —  As many as 4 million people have Web browser extensions that sell their every click.  And that's just the tip of the iceberg.
Jennifer Miller / New York Times:
As podcast service Blubrry says there are now over 700,000 podcasts, with 2,000 to 3,000 launching every month, a look at whether we have reached “peak podcast”  —  If past experience (cough, blogs) is any indication, a shakeout is nigh.  —  In 2016, Morgan Mandriota and Lester Lee …
Bloomberg:
How Amazon Go, which offers all the selection of a 7-Eleven but with more complexity and cost, became the company's most ambitious research project  —  Jeff Bezos and his company have spent seven years and hundreds of millions of dollars getting rid of cashiers.  Will it pay off?
Jacob Kastrenakes / The Verge:
Instagram strengthens moderation policies, introducing an alert to warn people when their account is close to being deleted and giving moderators more leeway  —  Instagram is strengthening its moderation policies today and adding a new alert that will warn people who violate rules when their account is close to being deleted.
Julia Alexander / The Verge:
In some ways, Netflix's Q2 results were a disaster, highlighting the weakness of its US market, limits of international growth, and pain of losing huge shows  —  As US growth slows, executives look to international markets  —  Netflix reported earnings on Wednesday night, and the results were disastrous.
Netflix Investor Relations:
Catalin Cimpanu / ZDNet:
Slack says it is resetting passwords for 1% of its users after receiving new info about the company's 2015 security breach; in April, Slack said it has 10M DAUs  —  Company said it received a batch of compromised credentials related to the 2015 hack via its bug bounty program.
Donie O'Sullivan / CNN:
DNC warns 2020 presidential campaigns not to use FaceApp; alert from DNC's chief security officer notes that the app was “developed by Russians”  —  Washington (CNN) — The Democratic National Committee sent a security alert to 2020 presidential campaigns Wednesday afternoon warning …
Jim Waterson / The Guardian:
European Commission:
European Commission fines Qualcomm €242M for abusing its dominance in 3G baseband chipsets by selling below cost to force its competitor Icera out of the market  —  The European Commission has fined Qualcomm €242 million for abusing its market dominance in 3G baseband chipsets.
Ionut Ilascu / BleepingComputer:
US Treasury's FinCEN says scammers tried to steal an average of $301M per month via business email compromise scams in 2018, up from $110M per month in 2016  —  The frequency of business email compromise (BEC) scams has increased year over year and so did the value of attempted thefts …

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