Dollar Shave Club, the online razor company, has sold itself to Unilever for $1 billion in cash. The deal runs counter to the fate of many high profile e-commerce companies, who have struggled in the last year. It's also the best-case scenario for a viral video.
[Jason Del Rey | Recode]

Microsoft beat Wall Street earnings expectations yesterday on the strength of its growing cloud services and Microsoft Office subscription business. Those are areas are becoming increasingly important for Microsoft, as its revenue from devices and Windows software is on the decline.
[Ina Fried | Recode]

Twitter has (finally) permanently banned Breitbart editor and professional troll Milo Yiannopoulos because of his part in inciting the harassment that drove "Ghostbusters" star Leslie Jones off Twitter. While the company has kicked one of its most notorious users off the service, it still hasn't done nearly enough to deal with the rampant abuse some of its users experience.
[Kurt Wagner | Recode]

Donald Trump is officially the Republican Party's nominee for president. Everything else from night two of the GOP convention sounds just as strange as the first night: Ben Carson connected Hillary Clinton to Lucifer, and Donald Trump Jr.'s speechwriter plagiarized his own published work.
[David E. Sanger, Michael D. Shear and Nicholas Fandos | The New York Times]

After multiple reports that Fox News boss Roger Ailes is getting pushed out of the company, here's the most telling confirmation: Rupert Murdoch's New York Post, which normally underplays negative stories about Fox and other Murdoch properties, has splashed Ailes on its front page. Headline: "The end is near for Roger Ailes".
[Claire Atkinson | New York Post]