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August 1, 2019, 9:25 AM
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memeorandum
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| New York Times: |
Cisco to pay $8.6M to settle government claims for selling video surveillance tech with a security flaw, reported in 2008, to government agencies until 2013 — WASHINGTON — Cisco Systems agreed on Wednesday to pay $8.6 million to settle claims that it sold video surveillance technology …
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Cisco Blog, Washington Post, CNBC, Washington Post, IT PRO, Reuters, Security Affairs, Gizmodo, ComputerWeekly.com, The Hacker News, The Register, ZDNet, and Slashdot
Tweets: @katefazzini, @ericgeller, @bad_packets, @campuscodi, @kimzetter, and @campuscodi
| Alex Wilhelm / Crunchbase News: |
Report: Cloudflare plans to pursue an IPO in September and has filed a confidential S-1 with the SEC; it was valued at ~$3.2B in its $150M March Series E — Morning Markets: Cloudflare is reportedly going public this year, meaning that we have at least two big-name IPOs left in the tank.| Joe Fitzgerald Rodriguez / The San Francisco Examiner: |
Lyft has made its 1,000 e-bikes in San Francisco “unavailable to riders” following two reports of bikes catching fire — The flames appear to have originated from the battery — The battery of an electric Lyft bicycle appeared to catch fire Wednesday in the Lower Haight.
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Engadget, The Verge, TechCrunch, Digital Trends, Gizmodo, The Guardian, CNET, Business Insider, Mashable, and NBC Bay Area
Tweets: @william_fitz and @transbay
| Lauren Feiner / CNBC: |
Fitbit beat analyst estimates with Q2 revenue of $314M, up 5% YoY, but lowered Q3 guidance; stock down 14%+ after hours — KEY POINTS — The Fitbit Ionic has a few apps, with more to come — Shares of Fitbit cratered as much as 21% after hours on Wednesday after the company cut guidance … | Olivia Carville / Bloomberg: |
Court filing: former IBM HR VP Alan Wild says the company has fired 50,000 to 100,000 staff in recent years; ongoing litigation argues older staff were targeted — - Moves were to make IBM appear as ‘cool’ as Google and Amazon — Big Blue is facing several age-discrimination lawsuits| Varun Mishra / Counterpoint Research: |
Analysis: in Q2 2019, global smartphone shipments declined 1% YoY, making it the 7th consecutive quarter of declining shipments; Samsung shipments grew 7.1% YoY — Overall smartphone shipment declined 1% in Q2 2019, making it the seventh consecutive quarter of declining shipments.
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9to5Mac, Strategy Analytics …, Gizmochina, CNET, KrASIA, and Android Authority
Tweets: @varun_m01, @shobhit07, @neiltwitz, @neiltwitz, and @neiltwitz
| The Guardian: |
Facebook says it was “not our role” to remove fake news during Australian election; it only demotes fake news, removes content that violates community standards — Exclusive: Facebook executive Simon Milner says company ‘only removes content that violates our community standards’| Ryan Christoffel / MacStories: |
An in-depth look at Apple Maps in iOS 13, the biggest update to the service so far, and how it compares to Google Maps — Apple's path to a home-brewed mapping solution has been long and perilous, but it's almost arrived. — 12 years ago the iPhone launched with Google powering … | Ryan Browne / CNBC: |
UK-based fintech startup Revolut launches commission-free US stock trading service, including the ability to buy fractions of shares — KEY POINTS — Revolut users will be able to buy a fraction of shares in U.S. companies through its trading platform. — British fintech firm Revolut …
More:
Revolut Blog, TechCrunch, Quartz, Coinspeaker, The Block, and Bloomberg. Tweets: @revolutapp. Thanks:@ryan_browne_
| Liam Tung / ZDNet: |
Google to let G Suite admins select users for the Advanced Protection Program, designed to prevent cyberattacks against high-profile users, in the coming days — You might never need to change your password again if you're part of the G Suite Advanced Protection Program.
More:
Google Cloud Blog, G Suite Updates Blog, The Next Web, Dark Reading, Google Online Security Blog, and VentureBeat. Tweets: @googlecloud
| Stephanie Condon / ZDNet: |
Qualcomm misses with Q3 revenue of $4.9B, down 13% YoY, and licensing revenue of $1.29B, down 10% YoY; stock down 4%+ after hours — Qualcomm says it is well positioned for the 5G ramp to come in early 2020. — Qualcomm published its third quarter financial fiscal 2019 results on Wednesday …
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CNBC, Qualcomm, Telecoms.com, and Macworld
| Madhumita Murgia / Financial Times: |
With an estimated 420K CCTV cameras operating in the city, London has become a test bed for visual surveillance tech, including live facial recognition — On the last day of January, few of the shoppers and office workers who hurried through Romford town centre in east London …
Tweets: @nuffieldfound, @groomb, @henrymance, @financialtimes, and @financialtimes
| Laura Hazard Owen / Nieman Lab: |
After 6 months of fact-checking for Facebook, Full Fact published 96 fact-checks, was paid ~$171k, wants Facebook to share more data with fact-checkers — In December 2016, Facebook enlisted a handful of U.S.-based news organizations (ABC News, Snopes, PolitiFact, FactCheck.org, and the AP) …
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Full Fact Blog, MIT Technology Review, Engadget, Press Gazette, The Guardian, New Scientist, RAPPLER, Reuters, and Social Media Today
Tweets: @fullfact, @fullfact, @niemanlab, @niemanlab, @niemanlab, and @risj_oxford
| Kyle Wiggers / VentureBeat: |
Armory, which commercializes the open source continuous delivery platform Spinnaker, raises $28M Series B led by Insight Partners — Armory, a member of the Continuous Delivery (CD) Foundation and the software developer commercializing the multi-cloud CD suite Spinnaker …
More:
FinSMEs, GlobeNewswire News Room, and PE Hub Blog
| Christine Fisher / Engadget: |
Report: more than 32M patient records were stolen between January and June 2019, more than double the 15M records stolen in all of 2018 — More than 32 million patient records were breached between January and June 2019. That's more than double the 15 million medical records breached in all of 2018 … | Wall Street Journal: |
Four major broadcast networks sue Locast, which is funded by AT&T, to try to stop it from freely retransmitting the signals of their local TV stations — CBS, ABC, NBCU and Fox say AT&T-funded Locast is retransmitting their signals without permission and in violation of copyright law
More:
Ars Technica, Slashdot, Mashable, Engadget, CNET, The Streamable, Light Reading, Axios, and The Verge
| Tim Ingham / Music Business Worldwide: |
Spotify reports 108M paying subscribers in Q2, up 31% YoY, revenue of €1.67B, up 31% YoY, and an operating loss of €3M — Spotify closed its second calendar quarter this year with 108m paying subscribers and 232m total Monthly Active Users (MAUs).| Sean O'Kane / The Verge: |
DJI unveils new goggles for its drones, offering a 720p streaming first-person view, and a new controller, both geared toward racing and available now from $819 — The Chinese giant's first serious move into a growing niche market — DJI is making a fairly bold move into the world of first-person view …
More:
DroneDJ, TechCrunch, CNET, DroneDJ, and Engadget
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