Min-Jeong Lee / Wall Street Journal:
Samsung Q2 profit down 8% YoY, fifth straight quarterly profit drop as Galaxy S6 falls short of market expectations — Samsung Profits Hurt By Smartphone Price Declines — Cheaper smartphone models from China and India could fuel further price cuts — SEOUL- Samsung Electronics Co …
Carmel DeAmicis / Re/code:
Yelp stock drops 28% following grim earnings; company cites rising talent costs amid competition with “unicorns” — Yelp Admits the Unicorn Bubble Is Hurting Its Profits — Yelp debuted “surprise losses” on its earnings yesterday, causing its stock to plummet 28 percent by the next day.
Leena Rao / Fortune:
Max Levchin resigns as chairman of Yelp's board to focus on his lending startup Affirm — PayPal co-founder Max Levchin resigns from Yelp's board — PayPal co-founder Max Levchin is leaving as chairman of Yelp's board, the online reviews company announced after releasing quarterly earnings today.
Natalie Jarvey / Hollywood Reporter:
Stagnant User Growth Sends Twitter Stock Down 14 Percent — The social media company's stock closed down more than 14 percent after interim CEO Jack Dorsey outlined second quarter growth disappointment. — At first glance, Twitter had a strong second quarter, reporting revenue growth …
Mark Sullivan / VentureBeat:
Volkswagens with CarPlay and Android Auto will begin arriving in showrooms this week — Volkswagen says its new cars that integrate with the Apple CarPlay and Google Android Auto in-car systems will begin arriving in showrooms this week. — CarPlay, which runs on the iPhone …