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July 29, 2020, 1:20 PM
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Livestream of the House Antitrust Subcommittee hearing on online platforms and market power with the CEOs of Amazon, Facebook, Google, and Apple — TW: @HouseJudiciary | FB: HouseJudDems | IG: HouseJudDems | M: /HouseJudiciary Subcommittee on Antitrust, Commercial, and Administrative Law |
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New York Times, The Verge, GeekWire, CNET, 9to5Google, The Verge, VentureBeat, Gizmodo, Fast Company, Android Central, CNET, 9to5Mac, Bloomberg, MediaNama, and 9to5Mac
Tweets: @tomwarren, @reckless, @protocol, @adrjeffries, @mikeisaac, @nxthompson, @caseynewton, @gruber, and @gruber
| Washington Post: |
Live blog of the House's antitrust hearing focused on Amazon, Facebook, Google, and Apple — The leaders behind Amazon, Apple, Facebook and Google will testify before Congress virtually — Congress on Wednesday is set to grill the top executives from Amazon, Apple, Facebook and Google …
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Cmte Judiciary (D) …, MacRumors, The Guardian, CNBC, 9to5Mac, Protocol, Cointelegraph, Wall Street Journal, Marketplace, iPhone in Canada Blog, TechRadar, iMore, and ZDNet
Tweets: @mikeisaac, @mikeisaac, @asankin, @asankin, @willoremus, and @willoremus
| 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.| 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, New York Times, PYMNTS.com, International Business Times, Telecoms.com, Wccftech, Android Central, Silicon Republic, The Mac Observer, 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| Mark Gurman / Bloomberg: |
| Betsy Woodruff Swan / Politico: |
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Protocol and CNBC
Tweets: @andrewrsorkin, @maelynnballot, @juancpedreira, @woodruffbets, @mattk, and @tinamcgugan
| 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, Ars Technica, New York Times, The Verge, BBC, CNET, iMore, Reuters, Washington Post, The Hill, KnowTechie, Digital Trends, Variety, and Fortune
Tweets: @neerajka, @firstadopter, @sarafischer, @birnbaum_e, @benyt, @jessekblum, @stevenlevy, @niubi, @donie, @carlquintanilla, @donie, @sallyshin, @realsaavedra, @hithisismarissa, @larakiara, @hkanji, @markdistef, @sub8u, @mdudas, @jmgrygiel, @ryan_browne_, @zackkanter, @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, CNET, The Information, 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, Thurrott, PCWorld, Engadget, KnowTechie, TechSpot, The National Interest, TechRadar, XDA Developers, Android Headlines, SlashGear, VentureBeat, Android Authority, Wccftech, SamMobile, PYMNTS.com, Neowin, iPhone in Canada Blog, and 9to5Google
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, TechSpot, Wall Street Journal, Bloomberg, 9to5Mac, The Verge, Engadget, Neowin, and Cult of Mac
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
| 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
| 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 … | 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, and Bloomberg
Tweets: @senmarkey, @freedomonthenet, @nytimes, @bh_friedman, @chrchristensen, @hrw, @m_clem, and @matinastevis
| 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 … | 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 … | 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 … | 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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Hollywood Reporter, Comcast, and PYMNTS.com
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