10 things in tech you need to know today
The Verge/Google X
1. Facebook beat earnings expectations, but its stock sunk. Despite revenue growing 39% year-on-year, its share price dropped around 3.4%.
2. GitHub has landed £160 million ($250 million) in new funding and is now worth £1.28 billion ($2 billion). The round was led by Sequoia Capital, with participation from Andreessen Horowitz, Thrive Capital, and Institutional Venture Partners.
3. Samsung's earnings were hurt by a Galaxy S6 supply shortage. Its operating profit fell 4% from a year earlier, after it misjudged demand for its newest flagship smartphone.
4. Yelp is in a "death spiral." In March, its stock was trading at £62 ($98)/share; on Wednesday, it was trading at £15 ($24). The company's recent earnings were a disappointment, and the chairman has stepped down from the board.
5. Facebook has finally revealed its plan to make money off Messenger and WhatsApp. It's going to allow users to have "organic interactions with businesses."
6. Google has done something that's going to annoy the US and UK governments. Its business customers will be able to provide their own encryption keys - making it almost impossible for governments to gain access to their information.
7. David Cameron is going big on fintech. The British Prime Minister says he wants "the UK to be the leading fintech centre in the world."
8. Facebook is adding one of LinkedIn's most abused features. The social network will now let users add profile tags to their friends' pages.
9. Sri Lanka will be the first country to test Project Loon, Google's ambitious new internet project. It's an attempt to provide internet access in remote areas using high-altitude balloons.
10. British Uber drivers are claiming that the company doesn't provide them with basic workers' rights. Trade union GMB is starting legal action against the on-demand driver service.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- Reliance gets thumbs-up from S&P, Fitch as strong earnings keep leverage in check
- Realme C65 5G with 5,000mAh battery, 120Hz display launched starting at ₹10,499
- 8 Fun things to do in Kasol
- SC rejects pleas seeking cross-verification of votes cast using EVMs with VVPAT
- Ultraviolette F77 Mach 2 electric sports bike launched in India starting at ₹2.99 lakh