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July 29, 2020, 12:50 PM
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| New York Times: |
At the hearing, Bezos, Cook, Zuckerberg, and Pichai will argue their businesses are relatively small, exist in competitive environments, and benefit consumers — The C.E.O.s are likely to argue before Congress that their companies aren't anticompetitive. Here are the facts.
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YouTube, GeekWire, Stratechery, The Verge, Washington Post, Protocol, The Verge, VentureBeat, Politico, TIME, CNET, Gizmodo, Android Authority, CNET, Fast Company, The Next Web, Wall Street Journal, Nextgov, CNET, NBC News, The Guardian, CNBC, Bloomberg, Engadget, Newser, Wall Street Journal, Washington Post, Mashable, Axios, and 9to5Mac
| Jennifer Elias / CNBC: |
Sundar Pichai will tell lawmakers that Google operates in a “highly competitive” market and that its free products benefit the “average American” — - Ahead of a Wednesday House Judiciary hearing, Alphabet CEO Sundar Pichai released opening remarks that show …
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United States House of Representatives, Business Insider, TechCrunch, New York Times, International Business Times, PYMNTS.com, Silicon Valley Business …, Telecoms.com, Wccftech, Android Central, Silicon Republic, The Mac Observer, ZDNet, SiliconANGLE, and MediaNama
Tweets: @andrewrsorkin, @mattrosoff, @alexeheath, @ashleyrgold, @b_fung, @richardjnieva, @jenn_elias, @qwongsj, and @ditzkoff
| Peter Kafka / Vox: |
Big Tech's antitrust hearing is largely theater, producing soundbites with little bearing on rule-changing and law-making, but it's still a valuable spectacle — Facebook CEO Mark Zuckerberg testifying before Congress in October 2019. Aurora Samperio/NurPhoto via Getty Images| The Amazon Blog: |
Bezos statement to US House underscores Amazon's job creation, investments in social causes, and its role in supporting small and medium-sized businesses — Testimony before the Subcommittee on Antitrust, Commercial, and Administrative Law — Statement by Jeffrey P. Bezos Founder & Chief … | Mark Gurman / Bloomberg: |
| Sara Fischer / Axios: |
TikTok's new CEO Kevin Mayer says it'll release code driving its content moderation algorithms, accuses Facebook of maligning attacks “disguised as patriotism” — In his first public statement as CEO of TikTok, f ormer Disney exec Kevin Mayer says the company will be releasing …
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Newsroom | TikTok, New York Times, Ars Technica, The Verge, BBC, CNET, iMore, Reuters, Washington Post, The Hill, KnowTechie, Digital Trends, Variety, Fortune, and Engadget
Tweets: @neerajka, @firstadopter, @sarafischer, @birnbaum_e, @benyt, @jessekblum, @stevenlevy, @niubi, @zackkanter, @donie, @carlquintanilla, @donie, @sallyshin, @realsaavedra, @hithisismarissa, @larakiara, @hkanji, @markdistef, @sub8u, @mdudas, @jmgrygiel, @ryan_browne_, @b_fung, @joshsternberg, @b_fung, and @hkanji
| Reuters: |
Sources: some US investors in ByteDance, seeking to take over TikTok, are valuing the social media app at ~$50B, 50x its projected ~$1B revenue in 2020 — NEW YORK/HONG KONG (Reuters) - Some investors of TikTok's parent company ByteDance seeking to take over the popular social media app … | Reuters: |
US Treasury Secretary Steve Mnuchin says TikTok is being reviewed by CFIUS, which will make a recommendation to Trump — WASHINGTON (Reuters) - U.S. Treasury Secretary Steve Mnuchin said on Wednesday that TikTok was under a national security review and that his agency would make a recommendation …
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Reuters, The Information, CNET, CNBC, and Android Headlines
Tweets: @b_fung, @danprimack, @b_fung, @brianroemmele, and @davegershgorn
| Bloomberg: |
Sources: Google and Samsung are in talks about giving Google products more prominence on Samsung phones, including more control over search — - Google Assistant, Play app store may gain more prominent roles — Samsung seeks other revenue sources as handset demand drops
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Reuters, Gizmodo, TechCrunch, PCWorld, Thurrott, Engadget, KnowTechie, TechSpot, The National Interest, TechRadar, XDA Developers, Android Headlines, SlashGear, VentureBeat, Android Authority, Wccftech, SamMobile, 9to5Google, PYMNTS.com, Neowin, iPhone in Canada Blog, and Telecoms.com
Tweets: @mhbergen, @tomwarren, @kantrowitz, @caseynewton, and @tculpan
| Todd Spangler / Variety: |
Spotify reports Q2 revenue of €1.89B, up 13% YoY, with MAUs up 29% YoY to 299M, premium users up 27% to 138M, and ad-supported MAUs up 31% to 170M — In addition, ad revenue fell 21% — which Spotify blamed on the coronavirus pandemic — but the drop wasn't quite as bad as forecast.
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Spotify, VentureBeat, TechCrunch, Reuters, iMore, Thurrott, Bloomberg, TechSpot, 9to5Mac, Wall Street Journal, Cult of Mac, The Verge, Engadget, and Neowin
Tweets: @kerrymflynn and @markdistef
| Kyle Wiggers / VentureBeat: |
Tempo, which sells a $2,000 AI-powered home weight training system, raises $60M Series B led by Norwest Venture Partners and General Catalyst — Home fitness startup Tempo today closed a $60 million round to ramp up manufacturing of its $1,995 AI-powered gym system.
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TechCrunch and FinSMEs
| Chaim Gartenberg / The Verge: |
AMC and Universal agree to shorten the theatrical window for films to 17 days, or 3 weekends, before Universal can release them onto premium on-demand platforms — Films only have to be in theaters for three weekends now before going to digital platforms — AMC Theaters and Universal …
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Wall Street Journal, Hollywood Reporter, Comcast, and PYMNTS.com
| Joanna Stern / Wall Street Journal: |
Wearable devices with sensors that continuously gather your temperature, heart rate, and blood oxygen may become personal warning systems for COVID-19 — Wearable devices with sensors that continuously gather your temperature, heart rate and blood oxygen could become personal warning systems for the coronavirus
Tweets: @jennhobby, @joannastern, and @chrissyfarr
| Marc Santora / New York Times: |
Turkey passes law extending sweeping powers over social media platforms, ordering those with 1M+ DAU to open offices in the country and store user data locally — The legislation extends control over social media platforms like Facebook, Twitter and YouTube.
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BBC, Al Jazeera, Human Rights Watch, RT, Middle East Eye, Bloomberg, and India Today
Tweets: @senmarkey, @freedomonthenet, @nytimes, @bh_friedman, @chrchristensen, @hrw, @m_clem, and @matinastevis
| Sabahatjahan Contractor / Reuters: |
US prosecutors are seeking 27 months in prison for ex-Uber executive Anthony Levandowski, who pleaded guilty in March to taking sensitive documents from Google — (Reuters) - U.S. prosecutors are seeking 27 months of imprisonment for the former head of Uber's self-driving technology unit … | Larry Dignan / ZDNet: |
Shopify reports Q2 revenue of $714.3M, up 97% YoY, with net income of $36M compared with net loss of $28.7M in Q2 2019 — Shopify's second quarter results highlight how the company is critical to SMBs going digital. — Shopify's second quarter results benefited from a surge in small businesses … | Noam Scheiber / New York Times: |
Federal judge in NY ruled that the state must promptly begin paying Uber and Lyft drivers unemployment benefits, after “an avoidable and inexcusable delay” — A federal judge's decision in New York is a key victory in efforts to secure the protections extended to other workers.| Sarah Emerson / OneZero : |
Former moderators at Pinterest say they had inadequate resources and minimal mental health support as they fought to keep child abuse imagery off the platform — Moderators reported seeing child pornography content ‘every couple hours’ — a good day, Blake's job as a Pinterest moderator … | Campbell Kwan / ZDNet: |
After seeking to dismiss charges against two ex-Twitter employees and a Saudi national, DOJ files a superseding indictment with seven charges, up from two — The charges have expanded from two to seven. — Fresh off dismissing spying charges against two former Twitter employees … | Annie Musgrove / Tech.eu: |
Israeli cloud data protection startup Ermetic raises $17.25M Series A led by Accel, three months after emerging from stealth with $10M — Three months after emerging from stealth mode with $10 million, Israeli cloud security startup Ermetic has raised another $17.25 million, this time from Accel.
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FinSMEs
| Nick Kolakowski / Dice Insights: |
In July, a H-1B software engineers' median salary at Google, Microsoft, and Apple was at least $142K, a substantial increase from at least $120K in October 2019 — How much are software engineers on the H-1B visa making at some of the nation's largest tech companies? At first glance, the answer seems simple: quite a lot.| Ken Doctor / Nieman Lab: |
Q&A with the new CEO of NYT Meredith Levien on establishing the paper as a world-class digital product and technology company — Meredith Kopit Levien knew early on that she'd like to head up a news publishing company. She just never expected she would end up as the CEO of The New York Times …
Tweets: @raju, @jayrosen_nyu, @yayitsrob, and @sarahmarshall
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