| YouTube: |
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 || 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 are testifying before Congress virtually — Congress on Wednesday is starting to grill the top executives from Amazon, Apple … | 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.| 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: |
| The Amazon Blog: |
| Jennifer Elias / CNBC: |
| The Verge: |
Emails from Mark Zuckerberg, revealed by the House antitrust panel, show that Facebook wanted to buy Instagram at least partly to explicitly avoid competition — In late February 2012, Facebook CEO Mark Zuckerberg emailed his chief financial officer, David Ebersman, to float the idea … | 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 … | Stephanie Condon / ZDNet: |
Google debuts an iOS app that lets users backup a phone's photos, videos, contacts, and calendar events using Google account storage, and a storage manager tool — Any Google user can now take advantage of the Google One phone backup feature, along with a new, free storage manager tool.| Bloomberg: |
Sources: Google and Samsung are working on a deal to give Google services more prominence on Samsung devices, discussing the roles of Bixby, Play Store, search — - Google Assistant, Play app store may gain more prominent roles — Samsung seeks other revenue sources as handset demand drops| Reuters: |
Documents: Arizona's AG is leading a multi-state probe into whether Apple's deliberate slowing of iPhones violated deceptive trade practice laws — SAN FRANCISCO (Reuters) - Arizona is leading a multi-U.S. state probe into whether Apple Inc's deliberate slowing of older iPhones violated … | 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 … | Sara Fischer / Axios: |
Snap releases its first diversity report: 4.1% are Black, 6.8% are Hispanic; women make up 32.9% of the company, 16% of technical roles, 7% of leadership roles — Snapchat on Wednesday released its first-ever diversity report, showing that the company is still slightly behind its peers … | 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.| 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 … | 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| 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.| Alex Wilhelm / TechCrunch: |
Instrumental, which uses vision-powered AI to detect manufacturing anomalies, raises $20M Series B led by Canaan Partners — This morning Instrumental, a startup that uses vision-powered AI to detect manufacturing anomalies, announced that it has closed a $20 million Series B led by Canaan Partners.| Jonathan Shieber / TechCrunch: |
Connecticut-based Sema4, which uses aggregate patient data to help doctors improve care, raises $121M from BlackRock and others, valuing the company at $1.1B — Sema4, the Stamford, Conn.-based digital healthcare company now worth just over $1 billion, takes its name from the system of sending messages via code.| Tom Anthony: |
In early April, a developer found protected Zoom call passwords could be quickly cracked; he reported the bug, now fixed, and says he hasn't received a bounty — On March 31st, Boris Johnson tweeted about chairing the first ever digital cabinet meeting. I was amongst many who noticed that the screenshot included the Zoom Meeting ID.| Riley de León / CNBC: |
Health insurance company Humana partners with doctor-on-demand service Heal and invests $100M — - Telehealth start-up Heal is partnering with notable health insurance company Humana, which includes a $100 million investment that will be used to expand into new markets.| Ian King / Bloomberg: |
Qualcomm reports Q3 non-GAAP revenue of $4.9B, flat YoY, forecasts Q4 revenue of $5.5B to $6.3B, vs $5.8B est., announces Huawei license deal; stock jumps 12%+ — - Deal with Chinese telecom company ends long-running dispute — CEO says rebound from Covid-19 slump faster than expected
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| Marc Santora / New York Times: |
| Larry Dignan / ZDNet: |
| Sam Shead / CNBC: |