| Tony Romm / Washington Post: |
As the House antitrust hearing looms, lawmakers discuss potential lines of inquiry, including evidence of a “copy-acquire-kill” strategy to subdue rivals — Congress brought the country's big banks to heel after the financial crisis, cowed a tobacco industry for imperiling public health … | New York Times: |
CEOs of Amazon, Apple, Facebook, and Google are preparing for the congressional hearing on Wednesday to argue that their companies do not stifle competition — The tech C.E.O.s will appear together at a congressional hearing on Wednesday to argue that their companies do not stifle competition.| Kyle Daly / Axios: |
Combined market cap of Apple, Facebook, Alphabet, and Amazon is ~$5T, their combined 2019 revenue was ~$773B, and they have a combined cash reserve of ~$420B — The four Big Tech CEOs who will testify before Congress Wednesday command global empires with power and wealth that make them more like countries than companies.| Sarah Frier / Bloomberg: |
| New York Times: |
| Jackson Ryan / CNET: |
Facebook, YouTube, and Twitter scramble to remove a video touting hydroxychloroquine as a coronavirus cure, after it was shared by Trump — Social media lights up with viral videos touting hydroxychloroquine as a coronavirus cure. It's not. — Hydroxychloroquine, an anti-malarial drug used … | The Markup: |
Study of 15K+ recent popular queries finds Google devoted 41% of the first page of search results on mobile devices to its own properties — The search engine dedicated almost half of the first page of results in our test to its own products, which dominated the coveted top of the page| BBC: |
Google announces plans to build a new undersea network cable connecting the US, UK, and Spain, expected to be completed by 2022 — Google has announced plans to build a new undersea network cable connecting the US, UK and Spain. — The tech giant says it is incorporating new technology into the cable … | New York Times: |
Sources: after Airbnb and ClassPass began selling virtual classes, Apple wanted to collect its 30% commission on the sales, up from no fee previously — After Airbnb and ClassPass began selling virtual classes because of the pandemic, Apple tried to collect its commission on the sales.| Catalin Cimpanu / ZDNet: |
Analytics service Waydev says hackers breached it earlier this month and stole GitHub, GitLab OAuth tokens, likely pivoting to attack other companies like Dave — OAuth tokens have been abused for intrusions at least two other companies, Dave.com and Flood.io.| Intel Newsroom: |
| The Economic Times: |
Sources: India is examining an additional 275 Chinese apps, including PubG, AliExpress, and Resso, for a potential ban citing national security and user privacy — List includes Tencent-backed gaming app PubG, Xiaomi's Zili and AliExpress from Alibaba Group.| Jeremy Horwitz / VentureBeat: |
Qualcomm announces Quick Charge 5, refueling smartphone batteries to 50% in five minutes and 100% in 15, likely to start showing up over the next few months — Wireless recharging has become increasingly popular over the past few years due to its convenience — just drop your phone on a pad … | Sarah Perez / TechCrunch: |
Alexa app gets revamped, adding more personalization options and replacing 3rd-party skill suggestions on the main screen with frequently used actions — After launching a number of new developer tools for Alexa last week, Amazon today introducing an updated version of its Alexa mobile app for consumers.| Zack Whittaker / TechCrunch: |
Garmin says a ransomware attack occurred on July 23 but there's “no indication” customer data was stolen, expects to return to normal operation in a few days — Sport and fitness tech giant Garmin has confirmed its five-day outage was caused by a ransomware attack.| Euirim Choi / Wall Street Journal: |
Sources: Instagram has made lucrative offers, some in the hundreds of thousands of dollars, to some of TikTok's most popular creators to use Reels — Instagram makes lucrative offers to popular TikTok users to join its new competing service, raising stakes in social-media rivalry| Kyle Wiggers / VentureBeat: |
Chorus.ai, which develops AI-based software to analyze sales calls, raises $45M Series C led by Georgian Partners, bringing its total raised to $85.2M — Chorus.ai, a startup that leverages AI to analyze sales calls, this week raised $45 million. CEO and cofounder Jim Benton says the proceeds … | Kyle Wiggers / VentureBeat: |
Explorium, which develops an automated data and feature discovery service, raises $31M Series B led by Zeev Ventures, bringing its total funding to $50M — Explorium, a Tel Aviv-based startup developing an automated data and feature discovery platform, today closed a $31 million funding round.
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| Georgia Wells / Wall Street Journal: |
| Christina Farr / CNBC: |
| Wall Street Journal: |
| Matt Johnston / iTnews: |
| Alex Konrad / Forbes: |