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July 31, 2019, 7:00 PM
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Tim Ingham / Music Business Worldwide:
Spotify reports 108M paying subscribers in Q2, up 31% YoY, revenue of €1.67B, up 31% YoY, and an operating loss of €3M  —  Spotify closed its second calendar quarter this year with 108m paying subscribers and 232m total Monthly Active Users (MAUs).
Alex Heath / The Information:
Sources: Facebook is working on a new TV device that can stream video and make video calls using its Portal tech, and has approached Netflix, Disney, and others  —  Facebook has approached Netflix, Disney and other media companies about putting their streaming services on a new Facebook device …
Russell Brandom / The Verge:
Apple joins Google, Facebook, and Twitter in the open-source Data Transfer Project, will develop interoperable systems to bring data in and out of iCloud  —  Just over a year after its official launch, the Data Transfer Project is announcing a new set of partners and features.
Cho Mu-Hyun / ZDNet:
Samsung posts Q2 operating profit of ~$5.6B, down 56% YoY, on revenue of ~$47.4B, down 4% YoY, after profits from its chip and mobile businesses declined YoY  —  Samsung expects “persistent uncertainties” in the memory business for the remainder of the year but will pursue an aggressive investment plan in the second half.
Wall Street Journal:
Four major broadcast networks sue Locast, which is funded by AT&T, to try to stop it from freely retransmitting the signals of their local TV stations  —  CBS, ABC, NBCU and Fox say AT&T-funded Locast is retransmitting their signals without permission and in violation of copyright law
Raymond Zhong / New York Times:
Trump's ongoing trade war with China has been a boon for Vietnam, as some tech companies, like Apple and Nintendo, consider shifting production there  —  Samsung already assembles half of its handsets in the country, which got a big lift from U.S. tariffs on Chinese goods.  Now Apple is homing in.
Frederic Lardinois / TechCrunch:
Google says its Titan security keys are now available in Canada, France, Japan, and the UK, expanding beyond the US  —  Google today announced that its Titan Security Key kits are now available in Canada, France, Japan and the UK.  Until now, these keys, which come in a kit with a Bluetooth key …
Rebecca Aydin / Business Insider:
Sex tech startups protest outside Facebook's NYC offices, saying it bars them from running ads, and launch site to show alleged double standard of ad approvals  —  - The women's wellness companies say Facebook has not allowed them to run ads for their products on Facebook or Instagram.
Shara Tibken / CNET:
A look at the potential benefits of 5G in a variety of applications and services, including AR/VR, healthcare, emergency response, connected cars, and broadband  —  Take a five-minute walk behind Qualcomm's main office in San Diego and you'll find an unlikely kind of lab.
Stephanie Condon / ZDNet:
Qualcomm misses with Q3 revenue of $4.9B, down 13% YoY, and licensing revenue of $1.29B, down 10% YoY; stock down 4%+ after hours  —  Qualcomm says it is well positioned for the 5G ramp to come in early 2020.  —  Qualcomm published its third quarter financial fiscal 2019 results on Wednesday …
More: Qualcomm, CNBC, and Macworld
Anna Baydakova / CoinDesk:
Sources: Chinese importers in Russia buy ~$30M worth of tether, a USD pegged crypto coin, every day, to send large sums of money back home  —  The Takeaway  —  Chinese importers in Russia are buying up to $30 million a day of tether (USDT) from Moscow's over-the-counter trading desks.
Olivia Carville / Bloomberg:
Court filing: former IBM HR VP Alan Wild says the company has fired 50,000 to 100,000 staff in recent years; ongoing litigation argues older staff were targeted  —  - Moves were to make IBM appear as ‘cool’ as Google and Amazon  — Big Blue is facing several age-discrimination lawsuits
Tweets: @zachweinberg
Connie Loizos / TechCrunch:
Lightricks, which makes the popular selfie editing app Facetune, raises $135M Series C led by Goldman Sachs at a post-money valuation of $1B  —  Facetune, a photo editing app that empowers users to cover their gray hairs, refine their jaw lines, and reshape their noses …

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From Mediagazer

Benjamin Mullin / New York Times:
The Onion, backed by some Sandy Hook families and Everytown for Gun Safety, buys Infowars in a bankruptcy auction, and plans a January 2025 relaunch as a parody

Robbie Whelan / Wall Street Journal:
Disney reports Q4 revenue up 6% YoY to $22.6B, TV network revenue down 6% YoY to $2.5B, and a $321M DTC streaming profit, up from a $387M loss in Q4 2023

Dade Hayes / Deadline:
Disney investor call: Bob Iger says 60% of all new Disney+ subscribers are for the ad tier, and in a hot-mic moment wonders if he should have said the detail

More News

Dan Seifert / The Verge:
Samsung announces Galaxy Tab S6, its most high-end Android tablet, with a 10.5-inch OLED display and Snapdragon 855, coming September 6 for $649+

Earlier Picks

Dell Cameron / Gizmodo:
Documents show that Amazon's Ring vets and authors public statements about Ring attributed to police and delays announcing partnerships with police departments
Megan Scudellari / IEEE Spectrum:
Researchers from UCSF and Facebook Reality Labs have successfully decoded question-and-answer dialogue from brain signals in real time, via brain implants
Darrell Etherington / TechCrunch:
Apple, Microsoft, Google to test CARIN Blue Button API, a newly-proposed standard for giving patients digital access to historical health insurance claims data
Apple:
Apple reports Q3 revenue of $53.8B, up 1% YoY, record Services revenue of $11.5B, up from $10.2B YoY, iPhone revenue of $26B, down from $29.5B YoY; stock up 4%+
Emil Protalinski / VentureBeat:
Chrome 76 arrives with Flash blocked by default, a new safeguard to prevent Incognito mode detection, PWA improvements, and more
Steve Dent / Engadget:
Sony Q1: 3.2M PS4s sold, 100M sold since launch in 2014, while smartphone revenue dropped 15% QoQ, with 900K units shipped, less than half of Q1 2018
Catalin Cimpanu / ZDNet:
Google Project Zero researchers publish details and demo exploit code for five of six “interactionless” iOS security bugs; iOS 12.4 patched all but one of them
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