Techmeme
July 18, 2019, 12:50 PM

Top News

European Commission:
European Commission fines Qualcomm €242M for abusing its dominance in 3G baseband chipsets by selling below cost to force its competitor Icera out of the market  —  The European Commission has fined Qualcomm €242 million for abusing its market dominance in 3G baseband chipsets.
Donie O'Sullivan / CNN:
DNC warns 2020 presidential campaigns not to use FaceApp; alert from DNC's chief security officer notes that the app was “developed by Russians”  —  Washington (CNN) — The Democratic National Committee sent a security alert to 2020 presidential campaigns Wednesday afternoon warning …
Jim Waterson / The Guardian:
Netflix Investor Relations:
Netflix reports Q2 revenue of $4.9B, up 26% YoY, and total paid membership of 152M, up 22% YoY, but it added 2.7M new subs, down from 5.5M YoY; stock down 10%+  —  Fellow shareholders, As expected, revenue growth accelerated 400 basis points to 26%, and operating income increased 53% year over year in Q2.
Todd Spangler / Variety:
Chris Welch / The Verge:
Catalin Cimpanu / ZDNet:
Slack says it is resetting passwords for 1% of its users after receiving new info about the company's 2015 security breach; in April, Slack said it has 10M DAUs  —  Company said it received a batch of compromised credentials related to the 2015 hack via its bug bounty program.
Ken Dilanian / NBC News:
Microsoft says it has warned ~10,000 customers of nation-state attacks in the past year and tracked 781 cyberattacks by foreign adversaries this election cycle  —  The tech giant says it has tracked more than 700 cyberattacks by foreign adversaries against U.S. political organizations so far this election cycle.
Alfred Ng / CNET:
Google removes seven stalkerware apps from the Play Store that were found by Avast researchers; the apps had been installed more than 130,000 times  —  You'd think it would be difficult to find an app that can secretly track a person's every move.  But researchers have found them right in the open on Google's Play Store.
Bloomberg:
Sources: Trump is looking into the Pentagon's JEDI contract, which is set to be awarded to Amazon or Microsoft, to decide whether he should intervene  —  - Pentagon poised to give JEDI contract to Amazon or Microsoft  — President frustrated he was unaware of Republican concerns
Anthony Ha / TechCrunch:
Haus, a real estate startup started by Uber co-founder Garrett Camp as part of his startup studio Expa, raises $4.1M in seed funding and $3M in debt  —  Haus, a startup aiming to make home ownership more affordable and flexible, is announcing that it has raised $7.1 million in new funding.
More: FinSMEs
Greg Kumparak / TechCrunch:
Instagram expands its test to hide the number of likes on other users' posts to six more countries: Ireland, Italy, Japan, Brazil, Australia, and New Zealand  —  Would the Internet be a better place if we all paid a little less attention to fake Internet points?  Instagram is still trying to figure it out.
Jacob Kastrenakes / The Verge:
Instagram strengthens moderation policies, introducing an alert to warn people when their account is close to being deleted and giving moderators more leeway  —  Instagram is strengthening its moderation policies today and adding a new alert that will warn people who violate rules when their account is close to being deleted.
More: Instagram and Engadget
Manish Singh / TechCrunch:
New Delhi-based MyMoneyMantra, which operates a marketplace for financial services, raises $15M, its first external funding in its 30-year history  —  MyMoneyMantra, a 30-year-old New Delhi-based firm that operates a marketplace of financial services, has raised $15 million in its maiden funding round …
Kyle Wiggers / VentureBeat:
Pivot, whose gym product Smartspot uses a depth-sensing camera to record workouts and identify incorrect postures, comes out of stealth, raises $17M Series A  —  There's no shortage of fitness apps that promise to tone your muscles and boost your baseline heart rate, but a new challenger …
Sarah Perez / TechCrunch:
Wattpad's ad-free subscription tier and Wattpad Paid Stories, which offers exclusive, paywalled content to users, are now available worldwide to its 70M+ users  —  Online storytelling community Wattpad, also now a content feeder for streaming services and other media companies, is taking its two consumer-facing paid products global.
More: BetaKit and The Wrap
Douglas Busvine / Reuters:
After a seven-month probe, Amazon reaches a deal with German antitrust watchdog to give 30 days notice and a reason for removing a merchant from its platform  —  FRANKFURT (Reuters) - Amazon (AMZN.O) has reached a deal with Germany's anti-trust authority to overhaul its terms of service …
European Commission:

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