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July 18, 2019, 3:25 PM
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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.
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.
Jennifer Miller / New York Times:
As podcast service Blubrry says there are now over 700,000 podcasts, with 2,000 to 3,000 launching every month, a look at whether we have reached “peak podcast”  —  If past experience (cough, blogs) is any indication, a shakeout is nigh.  —  In 2016, Morgan Mandriota and Lester Lee …
Julia Alexander / The Verge:
In some ways, Netflix's Q2 results were a disaster, highlighting the weakness of its US market, limits of international growth, and pain of losing huge shows  —  As US growth slows, executives look to international markets  —  Netflix reported earnings on Wednesday night, and the results were disastrous.
Todd Spangler / Variety:
In Q2, Netflix lost US subscribers for the first time since Q3 2011, dropping 130,000, and added fewer global subs than expected, citing a weak Q2 content slate
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%+
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:
As FaceApp goes viral again, many are wary of the image-altering app's weak privacy policy, the fact it's based in Russia, and that photos are sent to the cloud
Ryan Mac / BuzzFeed News:
Inside 18 months of turmoil at Grindr, which some former employees say began with its sale to Chinese company Kunlun Group and elevation of Scott Chen  —  Over the last 18 months, Grindr has faced a federal investigation, layoffs, mismanagement, and internal turmoil.
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.
Ari Levy / CNBC:
Trump confirms he will look into Pentagon's JEDI cloud contract, set to be awarded to Microsoft and Amazon, after “tremendous complaints from other companies”  —  KEY POINTS  — President Trump said he's looking at the JEDI Contract that will be awarded to Microsoft or Amazon.
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
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
Dean Takahashi / VentureBeat:
Intel and SAP announce a multi-year partnership focused on data centers, combining Intel's hardware with SAP's software  —  Intel and SAP said they have launched a broader multi-year partnership focused on optimizing Intel's platform innovations for the datacenter.
European Commission:
The European Commission launches a formal antitrust investigation into possible anti-competitive conduct by Amazon in its dual role as marketplace and retailer  —  The European Commission has opened a formal antitrust investigation to assess whether Amazon's use of sensitive data …

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From Mediagazer

Todd Spangler / Variety:
Comcast plans to spin off its media and entertainment assets, including NBCUniversal and Sky, into a new publicly traded entity, set to close by mid-2027

Madeline Halpert / BBC:
Film director Carl Erik Rinsch, who was convicted last year of defrauding Netflix of $11M, is sentenced to two and a half years in prison

Rebecca Rubin / Variety:
Industry sources estimate Supergirl could lose $100M to $120M during its theatrical run after a $37.1M domestic and $62.6M worldwide opening weekend, below est.

More News

Cade Metz / New York Times:
How Google Glass and other devices are being tested to teach children on the autism spectrum to make eye contact and recognize emotions

Earlier Picks

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
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
Greg Kumparak / TechCrunch:
As part of World Emoji Day, Apple and Google share designs for around 60 new emoji, many focused on representation around disability
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