Thursday 07.27.17
"The best ideas start as conversations." —Jony Ive 


WhatsApp hits 1B daily users while its Snapchat clone rockets to 250M  Facebook's WhatsApp is winning the race to bring its "Stories" format to the rest of the world before its originator does. WhatsApp Status, which is a similar interface as Snapchat Stories, now has 250 million daily active users, and the company's core of text messaging has driven WhatsApp to 1 billion total daily users and 1.3 billion monthly users. - Tech Crunch

eBay will soon let you shop using photos  The fall Ebay is expected to roll out a new feature that uses image matching to help customers search for products they might not be able to describe by using a deep learning model called a convolutional neural network to process the images. - The Verge

U.S. indicts suspected Russian 'mastermind' of $4 billion bitcoin laundering scheme  A U.S. jury indicted a Russian man on Wednesday as the operator of a digital currency exchange he allegedly used to launder more than $4 billion for people involved in crimes ranging from computer hacking to drug trafficking. - Reuters

Twitter added zero new users last quarter  Twitter reported earnings Thursday morning, claiming 328 million total users — the same number it reported after Q1. Analysts had been hoping the company added around 4 million new users last quarter. - Recode

Ohio, California close ‘Fire Ball’ ride after fatal accident  The Ohio State Fair will open Thursday one day after a man was killed and seven other people were injured when a thrill ride broke apart, but the rides won’t be running until they all are deemed safe, officials state. - Associated Press

Why You’re Not Getting a Raise  Even though the job market is picking up in the U.S., Britain, Japan and a host of other countries, the growth in pay is disappointing global economists, government officials and families alike. Bloomberg compiled a number of stats and graphs to dig deeper into the wage-growth gap. - Bloomberg

Britain plans to send warship to South China Sea in move likely to irk Beijing  The presence of a British vessel threatens to stoke tensions, escalated by China's naval build-up and its increasingly assertive stance. China claims most of the energy-rich sea where neighbors Brunei, Malaysia, the Philippines, Taiwan and Vietnam also have claims. - Reuters

U.K. Will Shut Down Scandal-Hit Libor  Today, a top U.K. regulator said it will phase out the London Interbank Offered Rate, a scandal-plagued benchmark that is used to set the price of trillions of dollars of loans across the world. - Wall Street Journal

  How Jony Ive Masterminded Apple's New Headquarters

“It’s nice, though, isn’t it?”—masks the anxiety he feels each time a product he’s designed is about to be introduced to the world. “There’s the same rather strange process you go through when you finish a product and you prepare to release it—it’s the same set of feelings,” 
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