Yahoo finally has a buyer. Verizon is acquiring the core business of Marissa Mayer's ailing company for about $4.8 billion, just in time for Verizon's quarterly earnings report tomorrow. Alongside AOL chief Tim Armstrong, Verizon exec and rising star Marci Walden spearheaded the deal.
[Kara Swisher | Recode]
Democratic National Committee chairwoman Debbie Wasserman-Schultz is resigning after a WikiLeaks email breach that "showed party officials conspiring to sabotage the campaign" of Bernie Sanders. Wasserman-Schultz, a close ally of Hillary Clinton's, has been given an honorary position with the Clinton campaign, which is loudly pointing the finger at Russian "state actors" as the culprits behind the hack.
[Jonathan Martin and Alan Rappeport | The New York Times]
Meanwhile, the Democratic National Convention gets under way in Philadelphia today. Speakers will include President Obama, First Lady Michelle Obama and, in a slight surprise, Michael Bloomberg. Hillary Clinton's running mate, Virginia Senator Tim Kaine, will also take the stage. Though Silicon Valley doesn't yet really know the guy, the tech industry will probably learn to like him a lot.
[Laura Meckler and Janet Hook | The Wall Street Journal]
On the latest episode of Recode Decode, Kara Swisher talks with Antonio García-Martinez, author of the new tell-all book "Chaos Monkeys." García-Martinez argues that Silicon Valley likes to lie to itself about everything — including politics and basic facts about winners and losers. But he also says that the industry's widespread delusion is part of what has made it so successful.
[Eric Johnson | Recode]
Amazon is the cloud computing leader with its Amazon Web Services behemoth. Microsoft recently reported better-than-expected quarterly earnings on the growing strength of its cloud unit. Google, meanwhile, is investing heavily in integrating its artificial intelligence technology with its own cloud unit in an effort to catch up with Amazon and Microsoft.
[Quentin Hardy | The New York Times]
Politics
By Ina Fried
But in a highly political move, it is iOS-only at the moment.
Politics
By Kurt Wagner
Twitter, Facebook, YouTube — you have options.
Voices
By Brad Zucroff
It’s the rare supporter nowadays who wants to shake hands or get an autograph. What they really came for is a selfie with the candidate.
Podcasts
By Eric Johnson
"A core part of artificial intelligence is simulating personalities ... And we’re very, very good at that."
Media
By Ina Fried
The uncompressed music service is switching infrastructure providers after its partner got bought.
Capital Gains
By Noah Kulwin
A big week for ag tech.
Gaming
By Ina Fried
It may be the first augmented reality hit, but serious players turn off that aspect of the game.
A few days old, but a hilarious bit of fallout from the RNC among the North Carolina GOP delegation: The chairman kicked a pair of delegates off his private plane home because they liked the speech Ted Cruz gave onstage in which he refused to endorse Trump. From the Charlotte Observer.
This article originally appeared on Recode.net.
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