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May 3, 2018, 4:55 AM
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| Wall Street Journal: |
Cambridge Analytica is shutting down following the Facebook data misuse scandal, says it was losing clients and facing mounting legal fees — Company had lost multiple clients in recent months — Cambridge Analytica , a data firm that worked for President Donald Trump's 2016 campaign …
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Gizmodo, CA Commercial, SlashGear, NBC News, Wired, The Register, Washington Post, The Next Web, BBC, The Verge, Politico, eWeek, MSPoweruser, Ubergizmo, Engadget, International Business Times, Digital Trends, Fast Company, Associated Press, Android Authority, Boing Boing, CNBC, TechSpot, BBC, CNN, Recode, BuzzFeed, Vanity Fair, The Hill, TechCrunch, Reuters, NPR, CNET, Beyond Search, PYMNTS.com, Vox, MacDailyNews, MIT Technology Review, NBC Bay Area, Slate, Quartz, Adweek, Bloomberg, Financial Times, USA Today, Motherboard, VentureBeat, The Wrap, Ars Technica, Axios, Engadget, Business Insider, Newser, and New York Magazine
Tweets: @kurtwagner8, @rmac18, @agschneiderman, @rubenkmajor, @ivanthek, @timkmak, @mollymckew, @darth, @baekdal, @dnvolz, @martinsfp, @jpodhoretz, @kylegriffin1, @mollymckew, @kt_so_it_goes, and @emptywheel
| New York Times: |
Filing shows executives at Cambridge Analytica and SCL Group, along with the Mercer family, have moved to create a new firm, Emerdata, possibly for “rebranding” — The embattled political consulting firm Cambridge Analytica announced on Wednesday that it would cease most operations …
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SiliconANGLE, The Register, BBC, Silicon Republic, Boing Boing, Wendy Siegelman, Fast Company, Digital Trends, and VentureBeat
Tweets: @oneunderscore__, @rvawonk, and @leahmcelrath
| Peggy Sito / South China Morning Post: |
Xiaomi files for an IPO in Hong Kong; sources say the Beijing-based company is seeking to raise $10B at a valuation of $100B — Xiaomi's 2017 sales jumped by two-thirds to 114.6 billion yuan, while operating profit tripled and adjusted net profit soared from a year earlier
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HKEX news, Wall Street Journal, The Guardian, ZDNet, Bloomberg, TechCrunch, Quartz, Engadget, Bloomberg, Reuters, CNET, Bloomberg, Financial Times, BBC, New York Times, CNBC, Gizmochina, TechNode, and Seeking Alpha
| Lucas Matney / TechCrunch: |
Facebook shows how it uses billions of public Instagram photos, annotated by users with hashtags, to help train its AI-based image recognition models — In the race to continue building more sophisticated AI deep learning models, Facebook has a secret weapon: billions of images on Instagram.| Jerome Pesenti / Facebook Code: |
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GeekWire, TechCrunch, Microsoft Azure Blog, Facebook Code, and Facebook Code
Tweets: @harrymccracken, @shiraovide, @venturebeat, @harrymccracken, @venturebeat, and @venturebeat
| Bill Jia / Facebook Code: |
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PyTorch, ZDNet, Engadget, Facebook Developers, The Register, Developer tools …, SlashGear, SiliconANGLE, and VentureBeat. Tweets: @jekbradbury
| Spotify Investor Relations: |
Spotify reports first ever financial results with Q1 revenue of €1.139B, up 26% YoY, on operating loss of €41M; MAUs up 30% YoY to 170M — Spotify Technology S.A. (NYSE:SPOT) today reported financial results for the first fiscal quarter of 2018 ending March 31, 2018.
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Variety, The Verge, Reuters, MSPoweruser, AdExchanger, Wall Street Journal, Engadget, VentureBeat, Investor's Business Daily, Recode, Axios, and TechCrunch
Tweets: @recode, @joshconstine, @lucas_shaw, and @lucas_shaw
| Natalie Gagliordi / ZDNet: |
Square Q1: non-GAAP revenue of $307M, up 51% YoY, gross payment volume of $17.8B, up 31% YoY, net loss of $24M; stock down 5%+ after hours due to low guidance — The company posted a Q1 net loss of $24 million, or six cents a share, compared to a net loss of $15.1 million, or four cents a share, a year earlier.
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Square Investor Relations, MarketWatch, CNBC, Investor's Business Daily, and CNBC
| Nathaniel Popper / New York Times: |
Goldman Sachs to open a Bitcoin trading operation, will begin using its own money to trade Bitcoin futures contracts on behalf of clients in the next few weeks — SAN FRANCISCO — Most big banks have tried to stay far away from the scandal-tainted virtual currency Bitcoin.
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CoinSpeaker, SiliconANGLE, CoinDesk, Bloomberg, and Business Insider
Tweets: @nytimesbusiness and @fintechfrank
| Paul Vigna / Wall Street Journal: |
Source: Telegram is calling off the public part of the ICO for the Telegram Open Network after raising $1.7B from 175 accredited investors via private deals — Telegram plans to put the money it raised into a new digital payment platform, Telegram Open Network, meant for a wide audience
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NewsBTC, SiliconANGLE, Recode, The Verge, CCN, Gizmodo, Bitcoinist.com, and Seeking Alpha
Tweets: @alexeheath, @currencyfront, and @teddyschleifer
| Spencer Soper / Bloomberg: |
Amazon launches Wag, its own brand of pet products, starting with dry dog food, only available to Prime subscribers — Amazon.com Inc. has started its own brand of pet products, called Wag, expanding on existing private-label efforts that include batteries, baby products, clothing and household goods.| Bloomberg: |
Sources: Google is building Arcade, a social-gaming startup led by 21yo ex-Facebook staffer Michael Sayman, which will release a trivia-style app this summer — Michael Sayman, 21-year-old ex-Facebooker, said to be leading — Company will focus on mobile gaming with friends, Google says
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Tech Times, Android Authority, Digital Trends, Engadget, 9to5Google, Seeking Alpha, and The Verge
Tweets: @michaelsayman and @joshconstine
| Abner Li / 9to5Google: |
Google says it has started rolling out Google Pay on the web through desktop browsers and iOS — Since Google Pay launched as the company's unified payment solution in February, it has added a number of new features with more on the roadmap. Google Pay is now beginning to roll out on the web for desktops and other mobile platforms.
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The Next Web, The Keyword, Ubergizmo, Engadget, and AndroidHeadlines.com
| Kara Swisher / Recode: |
Zynga founder Mark Pincus reducing his voting power in the social gaming firm from a 70% to 10% stake, will remain on board but as non-executive chairman — In an unusual move, Pincus doesn't want the final say anymore and wanted more freedom. — In an unusual move for a Silicon Valley company …
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Mark Pincus, New York Times, Business Insider, VentureBeat, San Francisco Chronicle, Wall Street Journal, CNBC, VentureBeat, and Bloomberg
Tweets: @ethankurz and @danprimack
| Thuy Ong / The Verge: |
Google announces investment program for early-stage startups working on Google Assistant hardware or features, similar to Amazon's Alexa Fund — Funding the Google Assistant ecosystem — Today, Google is launching a new investment program for early-stage startups working to broaden Google Assistant hardware or features.
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The Keyword, CNET, Firstpost, 9to5Google, AndroidHeadlines.com, TechCrunch, SiliconANGLE, SlashGear, CNBC, 9to5Google, Android Authority, Engadget, VentureBeat, and GeekWire. Tweets: @mhbergen
| Josh Constine / TechCrunch: |
Reflections on the shift to the Stories format, which will likely surpass other formats soon, as nearly a billion users consume stories across social networks — We're at the cusp of the visual communication era. Stories creation and consumption is up 842 percent since early 2016, according to consulting firm Block Party.| April Glaser / Slate: |
Twitter approved an ad pretending to be a Twitter verification service that pushed users to a phishing scheme after the verification program was suspended — On Monday, while taking an early morning scroll through Twitter, I noticed a peculiar ad that seemed perfectly tailored to me … | Brian Heater / TechCrunch: |
Fitbit reports Q1 revenue of $247.9M, down 17% YoY, vs. $247.3M estimated, sold 2.2M fitness trackers, down 27% YoY, vs. 2.33M estimated — Fitbit scored a small coup on earnings this week, ever so slightly beating revenue expectations for the quarter. The company pulled in $247.9 million …
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investor.fitbit.com, Barron's Online, Fast Company, Reuters, and Stock Market News …
| Nick Statt / The Verge: |
Facebook says it's partnering with RED to develop a professional-grade VR camera, as part of its Surround 360 platform; pricing and release TBD — We don't yet know what it looks like, or how much it will cost — Facebook is partnering with camera maker RED to develop …
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CNET, VentureBeat, Firstpost, TechCrunch, creator.oculus.com, Road to VR, CNET, and Engadget
| Frederic Lardinois / TechCrunch: |
Google streamlines its Maps API platform, renaming it Google Maps Platform and combining 18 APIs into three groups, Maps, Routes, and Places — Google is launching a major update to its Google Maps API platform for developers today — and it's also giving it a new name: the Google Maps Platform.
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Google Maps Platform, XDA Developers, 9to5Google, CNET, Business Insider, and VentureBeat
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