Good morning! Here is the tech news you need to know this Friday.
1. Amazon’s earning report for the second quarter shows that the company fell short of Wall Street’s expectations, despite higher-than-expected revenue of $38 billion (£29 billion), as opposed to the expected $37.2 billion (£28.4 billion). The firm’s rapidly rising expenses brought its operating income down 51% from the same period last year to $628 million (£480 million).
2. Apple is officially killing the iPod nano and the iPod shuffle. The company refreshed its iPod lineup on Thursday, and cut out the only two models that don’t run on the iOS operating system.
3. Amazon CEO Jeff Bezos officially became the richest person on the planet, surpassing Bill Gates. His personal net worth is now estimated to be around $90 billion (£68 billion).
4. Twitter’s report for its second quarter earnings mentioned that the company added zero new users over the last three months, and the stock fell 10% as a result. The company managed to beat Wall Street’s expectations in terms of revenue, however, with $574 million (£438 million) versus an expected $537 million (£410 million).
5. The state of Wisconsin offered Taiwanese manufacturer Foxconn about $3 billion (£2.3 billion) in subsidies to build a factory there. The company itself plans to add another $10 billion (£7.6 billion) on top of that taxpayers’ money, with the aim to create 13,000 new jobs.
6. Amazon plans to keep its Amazon Fresh and Amazon Go services after it completes the $13.7 billion (£10.4 billion) acquisition of Whole Foods. The company still wants to experiment and offer its customers a number of choices to figure out the best way they want to shop for groceries, as it believes “there will be no one solution.”
7. Google is buying a number of properties in Silicon Valley, with an overall expenditure of about $820 million (£626 million). The company said that it now has more than 72,000 employees, and is looking to expand in the Sunnyvale, California area to branch out from its main Mountain View campus.
8. Dropbox is getting closer to its initial public offering, and is working with financial giant Goldman Sachs on the papers to bring it on as a lead adviser. The file-hosting service was last valued in 2014 at $10 billion (£7.6 billion).
9. HPE CEO Megan Whitman publicly pulled herself out of the list of potential Uber CEO replacements, shooting down speculation that emerged in recent days. The businesswoman reinstated her commitment towards HPE, claiming that she is “not going anywhere.”
10. Facebook unveiled version 2.1 of its Messenger app, which now includes support for built-in natural language processing (NLP) as well as a payment SDK. In chats between customers and brands or businesses, the NLP tool will automatically detect the context of a message and pass it along to a bot, which in turn will give the end user tailored, automatic responses.