| Sam Shead / CNBC: |
Facebook, YouTube, and Twitter work to pull versions of a video touting hydroxychloroquine as a COVID-19 cure, after it was shared by Trump and his allies — - A Breitbart video containing dangerous coronavirus misinformation went viral on Facebook before it was removed.| Andrew Griffin / The Independent: |
| New York Times: |
CEOs of Amazon, Apple, Facebook, and Google are preparing to argue that their companies do not stifle competition at a congressional hearing on Wednesday — 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.| Tony Romm / Washington Post: |
| Sarah Frier / Bloomberg: |
| 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.| 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 and “direct answers” — 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| Ashley Carman / The Verge: |
Spotify debuts a Group Session feature in beta, letting up to five premium users simultaneously listen to the same content remotely — Simultaneously stream music or podcasts — Spotify is now allowing its paying users to listen to music and podcasts with friends and family at the same time … | Dean Takahashi / VentureBeat: |
In a reversal, CES says its event planned for January 2021 will be going all-digital, using a virtual meeting format for vendors, attendees, and the press — CES 2021 will take place in January as an all-digital event since the organizers feel it's the only way they can protect attendees during the pandemic.| Jeffrey Dastin / Reuters: |
Over about 8 years, Rite Aid quietly added facial recognition systems in 200 US stores, largely in low income areas, claiming it was meant to deter theft — In the hearts of New York and metro Los Angeles, Rite Aid installed facial recognition technology in largely lower-income, non-white neighborhoods, Reuters found.| Andrew J. Hawkins / The Verge: |
Revel suspends its electric moped service in NYC after two people were killed in recent weeks; at least one was not wearing a helmet during the crash — Two people were killed and one was critically injured while riding the shared electric mopeds — Revel is suspending its service … | 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| 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 … | Kenrick Cai / Forbes: |
Stack Overflow raises $85M Series E round led by GIC, says the Q&A service saw ~200K new users sign up each month from April to June, its best quarter ever — If you have a coding question, chances are a Google search will take you to Stack Overflow. The programming-oriented Q&A website … | Bloomberg: |
After suing the EU on July 15, Facebook won a temporary halt to a demand for documents by EU antitrust investigators — - EU tribunal suspends EU Commission's information requests — Facebook is suing EU over ‘irrelevant’ data demands in probes — Facebook Inc. won a temporary halt … | Bloomberg: |
US DOJ asks federal judge for permission to drop charges against two ex-Twitter employees and a Saudi national who allegedly helped Riyadh spy on dissidents — The U.S. sought to dismiss charges it brought late last year against two former Twitter Inc. employees and a Saudi national … | Sarah Perez / TechCrunch: |
Gaming platform Roblox says it has 150M+ MAUs, up from 115M in February, and its developer community is on pace to earn $250M+ in 2020, up from $110M in 2019 — Gaming platform Roblox, which has seen a surge of use due to the coronavirus pandemic, now has over 150 million monthly active users … | Ingrid Lunden / TechCrunch: |
True Link Financial, a startup offering financial services tailored for elderly and disabled consumers, raises $35M Series B led by Khosla Ventures — A lot of tech is built on the premise of services that can target the widest or most lucrative pools of users (and they're a blockbuster when they can do both).| Nick Statt / The Verge: |
Podcast editor Descript adds a $30/month pro tier with access to its Overdub feature, which essentially lets you use deepfake audio to fix your own mistakes — The AI-powered Overdub feature is exiting beta — Descript, the maker of artificial intelligence-powered audio editing software … | 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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| Catalin Cimpanu / ZDNet: |
| Intel Newsroom: |
| Zack Whittaker / TechCrunch: |