• Amazon's Web Services Shine In Q2
    Amazon’s Web Services public cloud division generated $2.88 billion in revenue in the second quarter of this year. “That’s 58 percent more than AWS generated in the second quarter of 2015,” Venture Beat notes. “And it’s the most revenue AWS has ever captured in a quarter.” In the past four quarters, AWS has registered $9.94 billion in revenue.
  • China Cracks Down On News Business
    Meanwhile in China, the government’s top regulator has ordered regional Web giants to stop original news reporting. Bloomberg calls the decision “the latest effort by the government to tighten its grip over the country’s web and information industries.” News portals like Sohu.com and NetEase have “seriously violated” internet regulations by carrying content obtained through original reporting, according to a report that appeared in The Paper on Sunday.
  • Is Liberty Media CEO Eying Pandora?
    Earlier this year, Liberty Media CEO Greg Maffei floated an offer to acquire Web-radio company Pandora Media for roughly $15 a share, The Wall Street Journal reports. “The offer valued the company at over $3.4 billion,” it calculates. Liberty Media, of course, controls satellite-radio operator Sirius XM Holdings.
  • VC Investment Dollars On Upswing
    There was a 3% rise in global venture capital investment last quarter -- rising to $27.4 billion -- according to a newly released report from CB Insights and KPMG. “Yet the number of global deals fell to 1886, the lowest seen since the second quarter of 2013, and down 6% from the prior quarter,” TechCrunch notes. Also, the “funding was propped up by mega deals,” Anand Sanwal, founder and CEO of CB Insights, tells TechCrunch.
  • Simulmedia Taps Spengler As President-CRO
    Former long-time Interpublic media executive has joined Simulmedia as president and Chief Revenue Officer. Spengler, who most recently was CEO of digital startup Fuisz, moved to the sell-side after stepping down as CEO of Interpublic Mediabrands' Magna Global unit in 2012 to take a senior role at Clear Channel Communications (now IHeartMedia). "Bringing Tim in elevates us and takes us to a new level in the TV ecosystem," Simulmedia CEO Dave Morgan tells AdAge.com.
  • Amazon's 'Shopping Day' A Hit
    Amazon appears to be having success with its own official shopping day, Prime Day. Worldwide, sales spiked 60% -- “making it the largest day of sales by volume for the online retailer in its history,” Business Insider reports. “Televisions and streaming devices were the top sellers,” it notes. “Amazon's Fire TV Stick snagged the top spot, but customers also purchased over 90,000 TVs.”
  • PC Sales Show Gains
    PC shipments actually grew in the US for the first time in over a year, Engadget reports, citing separate data fom Gartner and IDC. “There's no one answer as to why the computer industry is bouncing back,” it writes. “A stronger US economy is playing a part, but the analyst groups also point to strong Chromebook sales to schools as well as a possible spike in purchases from governments and other public outfits.”
  • Buzzfeed Beat To Tackle Fake News
    BuzzFeed plans to tackle the world of fake news. “BuzzFeed Canada editor … Craig Silverman will be leading the charge from Toronto,” First Draft News reports. “We’re in a really early phase of testing … , “and seeing what’s going to work in terms of content produced and what works for the BuzzFeed audience,”  Silverman tells First Draft.