Techmeme
July 31, 2020, 11:05 AM

Top News

Apple:
Apple reports Q3 revenue of $59.7B, up 11% YoY, of which $46.5B came from products, $13.1B from services, and net income of $11.2B; stock up 5%+ after hours  —  Revenue up 11 percent and EPS up 18 percent to new June quarter records  —  Apple today announced financial results for its fiscal 2020 third quarter ended June 27, 2020.
Bloomberg:
Stephen Nellis / Reuters:
Chance Miller / 9to5Mac:
Internal emails from 2010 show how an Amazon ad prompted Steve Jobs and Phil Schiller to block in-app purchases of Kindle books on iOS  —  As part of the House Judiciary Committee's antitrust probe into Apple, lawmakers have released a variety of internal emails from Apple.
Juli Clover / MacRumors:
Jay Peters / The Verge:
In an update to the July 15 hack, Twitter says a few employees were targeted in a phone spear phishing attack, and it had since limited access to internal tools  —  ‘This attack relied on a significant and concerted attempt to mislead certain employees’  —  Twitter provided an update …
Kevin Roose / New York Times:
The hearing at times felt like gaslighting, with the CEOs trying to convince lawmakers that the evidence the House collected wasn't really evidence of anything  —  It is less clear that tech executives' strategy of evasive answers will continue to work now that lawmakers have begun doing their homework.
Politico:
North Face and Heineken are among the companies who say they will resume Facebook ads from August, Levi Strauss and Smucker Co. will continue the boycott  —  More than 1,000 organizations stopped ads for the month of July, without getting many concessions.  Can they keep it going and build global pressure?
Facebook:
Casey Newton / The Verge:
Alphabet:
Alphabet reports Q2 revenue of $38.3B, down 2% YoY, net income of $6.96B, down from $9.9B YoY, Other Bets operating loss grew to $1.1B  —  MOUNTAIN VIEW, Calif. - July 30, 2020 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended June 30, 2020.
Ina Fried / Axios:
Apple confirms new iPhone models will arrive a few weeks later than they have in years past, confirming earlier news reports and supplier comments  —  Apple's financial chief said Thursday that this year's new iPhone models will arrive a few weeks later than they have in years past …
Caitlin Dewey / OneZero :
A look at the “hustle economy”, where unemployed teachers, cooks, and dancers are turning to Patreon, Twitch, and OnlyFans to monetize their digital offerings  —  Unemployed teachers, cooks, dancers are turning to Patreon, Twitch, and OnlyFans  —  e have nothing to sell besides physical touch.
Amazon.com:
Amazon reports Q2 revenue of $88.91B, up 40% YoY, net income of $5.2B, up from $2.5B in Q1 2019, and AWS revenue of $10.81B, up 29%; stock up 5%+ after hours  —  SEATTLE—(BUSINESS WIRE)—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2020.
Wall Street Journal:
Sources: Affirm, a point-of-sale lender for e-commerce, is in early stage preparations for an IPO that would value the company at as much as $10B  —  Point-of-sale lender is working with Goldman Sachs in early-stage discussions of a potential listing  —  Affirm Inc. is laying the groundwork …
Steven Musil / CNET:
Twitter permanently bans the account of white supremacist David Duke  —  Duke's Twitter account was “permanently suspended” for violating the company's policy against hateful conduct, a spokesperson for the social network says.  —  White supremacist David Duke has been permanently banned …
South China Morning Post:
Chinese importers are ramping up chip imports through Hong Kong before US sanctions shut the route; chip imports to China through Hong King are up 11% YoY  —  Re-exports of semiconductors through Hong Kong to the mainland jumped by 11 per cent in the first half of the year from the same period …

Sponsor Posts

Meta:
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.
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.
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 …
Hamming:
Make AI Voice Agents trustworthy  —  Hamming AI automatically tests AI voice agents and continuously monitors them in production.
Techmeme Ride Home:
Fri. 11/22 - An LLM Siri But... Only The Year AFTER Next?
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 11:05 AM ET, July 31, 2020.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Earlier Picks

Washington Post:
Associated Press: