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July 30, 2020, 4:30 AM
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| Tony Romm / Washington Post: |
CEOs of Amazon, Apple, Facebook, and Google grilled over their companies' market power at the nearly six-hour congressional subcommittee hearing — The leaders behind the tech giants testified before Congress virtually — The leaders of Amazon, Apple, Facebook and Google took …
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Slate, Washington Post, Washington Post, New York Times, Bloomberg, New York Times, SiliconANGLE, CBS News, Morning Brew, CyberNews, Forbes, MacRumors, Politico, CNBC, The Guardian, Fortune, and BNN
Tweets: @realdonaldtrump, @jacknicas, @halsinger, @mikeisaac, @kantrowitz, @juliaangwin, @nxthompson, @digitalarun, @levie, @asankin, @mehdirhasan, @profgalloway, @reckless, @eff, @iamjohnburnett, @profgalloway, @eff, @adrjeffries, @fmanjoo, @eff, @gruber, @joannastern, @jason, @daveleeft, @willoremus, @reckless, @mattyglesias, @tonyromm, @markwarner, @sarahfrier, @willoremus, @willoremus, @karlbode, @nxthompson, @sarafischer, @willoremus, @geoffreyfowler, @mikeisaac, @peteharrisonnyc, @eff, @joshuatopolsky, @eff, @profgalloway, @gruber, @caseynewton, @gaberivera, @asankin, @andrewfeinberg, @reckless, and @gruber
| YouTube: |
Video 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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The Verge, Reuters, The Verge, Cmte Judiciary (D) …, Japan Today, MacRumors, Social Media Today, The Logic, Android Authority, MacRumors, and GeekWire
Tweets: @housejudiciary, @pinboard, @housejudiciary, @levynews, @cnbc, @housejudiciary, @abc, @adrjeffries, @mikeisaac, @bariawilliams, @vladsavov, @mims, @joannastern, @geoffreyfowler, @danprimack, @alfredwkng, @kellymakena, @profgalloway, @sarahintampa, @willoremus, @parismartineau, @rmac18, @kurtwagner8, @kari_paul, @adrjeffries, @dhh, @rephankjohnson, @verge, @lizzadwoskin, @joannastern, @reckless, @riptari, @jason_kint, @markgurman, @tomwarren, @mims, @reckless, @dhh, @anniegilbertson, @gruber, @sarahfrier, @joannastern, @caseynewton, @rontkim, @shiraovide, @cnet, @kadhim, @reckless, @caseynewton, @rmac18, @joshavant, @lmatsakis, @markdistef, @chris_ciaccia, @birnbaum_e, @adrjeffries, @mattmday, @levie, @tomwarren, @dhh, @benbajarin, @lizzadwoskin, @reckless, @gruber, @joshuatopolsky, @protocol, @profgalloway, @lizzadwoskin, @levie, and @kevinroose
| 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 …
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EURACTIV.com, CNET, US House of Representatives Judiciary Committee, TechCrunch, Wired, The Overspill, Input, Ars Technica, and Variety
Tweets: @caseynewton, @alecstapp, @rmac18, @ajs, @reckless, @sarahfrier, @sarahfrier, @drdenagrayson, @protocol, @asankin, @mattrosoff, @willoremus, @kurtwagner8, @hshaban, @kevinroose, @sengianaris, @mmasnick, @competitionprof, @tomwarren, @jason_kint, @karaswisher, @reckless, @wyntermitchell, @karaswisher, @kimlacapria, @slpng_giants, @brooklynmarie, @sarahfrier, @mishaalrahman, @kevinroose, @reckless, @sarahfrier, @emmavigeland, and @robaeprice
| Mark Gurman / Bloomberg: |
Emails between Eddy Cue and other Apple execs from 2011, revealed in House hearing, show Apple considered 40% cut of first year digital content subscriptions — - IPhone maker's Eddy Cue reached 2016 deal with Amazon's Bezos — In 2011, Apple executives weighed 40% fee for subscriptions
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9to5Mac, Engadget, AppleInsider, iPhone Hacks, SlashGear, Reuters, AppleInsider, and MacRumors
Tweets: @markgurman, @reckless, @marcoarment, @dhh, @markgurman, @dhh, and @edbott
| Richard Nieva / CNET: |
Sundar Pichai received bipartisan criticism during Wednesday's antitrust hearing, facing questions about Google's digital ads business, privacy practices, more — The leaders of four of the world's most powerful tech companies — Apple , Amazon , Facebook and Google …
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United States House of Representatives, Bloomberg, TechRadar, Engadget, and MacDailyNews
Tweets: @castrotech, @johannesreck, @file411, @andrewrsorkin, and @richardjnieva
| Makena Kelly / The Verge: |
Asked if Amazon ever accessed and used seller data to make business decisions, Bezos said he can't guarantee the ban on the practice has never been violated — The company is investigating possible breaches — During Wednesday's antitrust hearing, Amazon and its CEO Jeff Bezos came under fire …
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Gizmodo, Wall Street Journal, Business Insider, Vox, Washington Post, Mashable, and GeekWire
Tweets: @richardhanania and @jason_koebler
| Justin Wise / The Hill: |
During hearing, Rep. David Cicilline confronted Mark Zuckerberg on the spread of misinfo on Facebook, saying it has grown too big to contain dangerous content — Rep. David Cicilline (D-R.I.), the chairman of the House antitrust subcommittee, on Wednesday confronted Facebook CEO Mark Zuckerberg … | Matt Day / Bloomberg: |
Amazon emails released by the antitrust subcommittee show Amazon's plan to weaken Diapers.com before buying its parent company Quidsi in 2010 — - Representative Scanlon says emails show Amazon is too powerful — Bezos testified that he couldn't remember Diapers.com episode| Emil Protalinski / VentureBeat: |
At the antitrust hearing, Cook was questioned 7 times, Bezos 13 times, Zuckerberg 16 times, and Pichai 16 times, the latter three for at least 50 minutes each — At the “Online Platforms and Market Power” virtual antitrust hearing today, the House Judiciary Committee questioned Amazon CEO Jeff Bezos …
Tweets: @tomwarren, @modestproposal1, and @bengrubb
| Juli Clover / MacRumors: |
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Michael Tsai, TechCrunch, and AppleInsider
Tweets: @reuters, @neilcybart, @dhh, @stroughtonsmith, @joshuatopolsky, and @gruber
| Casey Newton / The Interface: |
More:
The Verge, Politico, Japan Today, and Digital Trends
Tweets: @maxschleiffer, @renusatti, @nxthompson, @reckless, and @oliverdarcy
| Peter Kafka / Vox: |
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New York Times, SiliconANGLE, Om.Co, New York Times, Axios, TechCrunch, Protocol, and Axios
Tweets: @sarahfrier, @b_fung, @rakeshlobster, @kainazamaria, @andrewmarantz, @cwarzel, @reckless, @brianmcc, and @jessicalessin
| Stephanie Condon / ZDNet: |
Google debuts an iOS app letting users back up 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.
More:
9to5Google, Fossbytes, Engadget, XDA Developers, and TechRadar
| 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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Reuters, CNBC, CNET, AppleInsider, MarketWatch, iPhone Hacks, 9to5Mac, Tom's Guide, iDownloadBlog.com, Wall Street Journal, Investor's Business Daily, SlashGear, and Barron's Online. Tweets: @inafried
| Cho Mu-Hyun / ZDNet: |
Samsung reports Q2 earnings with sales of ~$44.5B, down 5.6% YoY, but an operating profit of ~$6.8B, up 23.5% YoY, as demand for memory chips increased — Samsung posted 8.15 trillion won in second quarter operating profit, with its semiconductor business contributing 5.43 trillion won of that.
More:
TechCrunch, Samsung Global Newsroom, Reuters, Bloomberg, The Verge, CNBC, Financial Times, Engadget, Yonhap News Agency, and SamMobile
| Canalys: |
Report: Huawei shipped 55.8M devices globally, down 5% YoY, overtaking Samsung, which shipped 53.7M, down 30% YoY, becoming the world's top smartphone vendor — Shanghai (China), Bengaluru (India), Singapore, Reading (UK) and Portland (US) - Thursday, 30 July 2020
More:
The Verge, Android Authority, Reuters, Gizchina, Bloomberg, PhoneArena, Neowin, and Digital Trends. Tweets: @mohammadfarooq_
| 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, The Next Web, Wall Street Journal, dot.LA, Nikkei Asian Review, and news.com.au
Tweets: @neerajka, @firstadopter, @sarafischer, @birnbaum_e, @evelyndouek, @stevenlevy, @niubi, @benyt, @esaagar, @jessekblum, @grady_booch, and @tiffanycli
| New York Times: |
Report: China-linked hackers infiltrated the Vatican's computer networks in the past three months, ahead of the Vatican's diplomatic negotiations with Beijing — In one attack, the hackers weaponized an electronic file with a letter that had a note of condolence from Cardinal Pietro Parolin, the Vatican's secretary of state.
More:
Reuters and Washington Post
| Natalie Gagliordi / ZDNet: |
PayPal reports adding a record 21.3M net new active accounts in Q2, bringing total active accounts to 346M, and revenue of $5.26B, up 25% YoY, vs $4.99B est. — PayPal said it saw the largest quarterly increase in active accounts in the company's history during Q2.
More:
Barron's Online, Coinspeaker, MarketWatch, PayPal - Investor Relations, Bloomberg, Reuters, TheStreet, and Investor's Business Daily
Tweets: @campuscodi and @trengriffin
| Tiffany Hsu / New York Times: |
Research firm Forrester: US ad spending will decline by 25% this year and won't recover until 2023, and in 2020 and 2021, ad agencies will shed 52,000 jobs — The marketing business is going through a period of innovation as it sheds workers and tries to hold on to clients.| 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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Financial Times, Reuters, CNN, and CNBC
Tweets: @b_fung, @danprimack, @b_fung, and @brianroemmele
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