HP has announced its plans to “restructure the company” (read: lay off a bunch of workers and mix around the remaining batch in an effort to stir up some profit) in order to save around $3 billion per year.
‘Weev’s been called an “attention whore,” a “paranoid, anti-Semitic, pro-genocide misanthrope,” and likened to a hobbit battling “the snide, wizardly manipulators and mongrel half-orcs” from The Lord of the Rings. But what is surprising is that he’s offering me a bump while we’re in the Brooklyn office of his lawyer, who has just left us sitting alone… He exhales pleasurably, cleaning up just before a legal assistant comes in.’ — Medium
Bucking the trend of what has historically been its weakest quarter, Netflix today reported strong earnings and subscriber growth for the three months ending June 30. The company generated a profit of $71 million ($1.15 per share) compared to $29.5 million in the year ago quarter. Revenue during the period was up to $1.34 billion from $1.07 billion a in Q2 2013, including 25 percent and 85 percent growth respectively in domestic and international streaming revenue, handily beating analyst estimates. Netflix added 1.69 million new streaming subscribers (520,000 of which were in the US) in Q2, better than 15 percent ahead of expectations. With 36.24 million total users, the company is now the largest stand alone subscription service, ahead of HBO and others. Netflix stock closed up 1.75 percent today’s ahead of earnings, and is up another 0.9 percent in after-hours trading. [Source: Netflix]
Yahoo today announced that it has agreed to acquire Flurry, an application analytics and marketing platform whose products are built into 500 million smartphones, for an undisclosed sum. Terms of the deal were not immediately disclosed. [Source: Yahoo]
‘For months, our editorial and tech teams have been sardined into a boiler room, subsisting only on stale cheese sandwiches and a rationed supply of tap water, working without complaint on intricate questions of design, functionality, access, and what is so clinically called “the user experience.”’ — New Yorker