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August 24, 2020, 11:25 PM
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| New York Times: |
TikTok sues the Trump administration in federal court, arguing Trump's EO deprived it of due process — The suit escalates a bitter back-and-forth between the popular video app and American officials. — SAN FRANCISCO — TikTok sued the U.S. government on Monday, accusing the Trump administration …
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Tweets: @v_ness, @markgurman, @sarafischer, @tiktok_comms, @tomcottonar, and @taylorlorenz
| Alex Sherman / CNBC: |
In its lawsuit with the US, TikTok says in the US it had 11.3M MAUs in January 2018, 91.9M in June 2020, and now has 100M+; globally it had ~700M MAUs in July — - TikTok revealed specific U.S. and global growth milestones for the first time in a lawsuit against the U.S. government.
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Fortune, PYMNTS.com, The Daily Dot, Deadline, and New York Times
Tweets: @alexweprin and @pkafka
| Wall Street Journal: |
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Engadget, The Information, CNBC, The Next Web, The Hill, Gizmodo, Ars Technica, The Guardian, Coinspeaker, Input, Neowin, Beyond Search, CyberNews, KnowTechie, CNET, Silicon Republic, New York Times, Android Headlines, MSPoweruser, PYMNTS.com, Slashdot, and Digital Trends
Tweets: @andymstone, @taylorlorenz, @edbott, @mattzeitlin, @marshacollier, @filloux, @taylorlorenz, @wblau, @ritholtz, @cat_zakrzewski, @donie, @danprimack, @janschakowsky, @katerinareports, @benmullin, @slpng_giants, @donie, @mattzeitlin, @jerrydunleavy, @michaelbkelley, @dericsayers, @blakereid, @arainert, @parkermolloy, @jason_kint, @mrinaldesai, @nathanking, @wsj, @jason_kint, and @lizclaman
| Janko Roettgers / Protocol: |
Sources: Apple acquires Spaces, a location-based VR startup that recently pivoted to videoconferencing — Spaces, a VR startup that got its start as a DreamWorks Animation project, has been acquired by Apple, Protocol has learned. — Apple confirmed the acquisition after this story was first published.
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Gizmodo, Axios, iMore, AppleInsider, MacRumors, 9to5Mac, UploadVR, and socalTECH.com
Tweets: @hmltn, @jetscott, @alexeheath, and @attractions
| Sergiu Gatlan / BleepingComputer: |
Zoom says it has now fixed the issues that caused major service outages across the UK and parts of the US — Zoom users around the world are currently unable to join meetings and video webinars using the Zoom web client and the desktop app just as students going back to school today …
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The Verge, Zoom Status, TechCrunch, Gizmodo, New York Times, Business Insider, CNBC, TechRadar, MSPoweruser, and CNET
Tweets: @zoom_us, @moorehn, @gartenberg, and @garygrumbach
| Bloomberg: |
Judge in Epic vs Apple case is “inclined” to not let Apple block Epic from developing/offering Unreal Engine but feels the opposite about Fortnite removal — The judge hearing Apple Inc.'s fight with Epic Games Inc. said she's inclined to order Apple to temporarily stop limiting …
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AppleInsider, Appleosophy, Daring Fireball, The Verge, MacRumors, 9to5Mac, and iMore
Tweets: @sarahjeong, @sarahjeong, @b_fung, @sarahjeong, @sarahjeong, @sarahjeong, @sarahjeong, @sarahjeong, @sarahjeong, @sarahjeong, @sarahjeong, @sarahjeong, @realshiina, @paultassi, @paultassi, @b_fung, @sarahjeong, @sarahjeong, @markgurman, @sarahjeong, @markgurman, @matthewstoller, @sarahjeong, @paultassi, @sarahjeong, @sarahjeong, @sarahjeong, @sarahjeong, @sarahjeong, @sarahjeong, @shiinabr, @sarahjeong, and @stroughtonsmith
| The Verge: |
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Tweets: @xboxp3, @brian_armstrong, @alexlindsay, @tolmasky, @russellbrandom, @thellance, @stevesi, @gruber, @mattyglesias, @paulg, @matthewstoller, @bob_burrough, @tha_rami, @spawnwavemedia, @dylanljmartin, @gruber, @pasokongal, @epicnewsroom, @legacykillahd, @mikebeas, @hardcoremetal89, @ps5lion, @briannawu, @grummz, @firt, @hoeglaw, @amandafarough, @migueldeicaza, @futterish, @stadiarokks, @tapbot_paul, @backlon, @backlon, @advances, @chetfaliszek, @fosspatents, and @carnage4life
| Crystal Tse / Bloomberg: |
Asana files to go public via direct listing on the NYSE; source says Asana has recently been trading on the secondary market at a value of about $5B — Asana Inc., a corporate software maker started by a Facebook Inc. co-founder, filed to go public via a direct listing, revealing a net loss that has more than doubled year over year.
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US Securities and Exchange Commission, Axios, TechCrunch, Reuters, CNBC, Crunchbase News, and Business Wire
Tweets: @dee_bosa, @alex, and @ericnewcomer
| Rishi Iyengar / CNN: |
Facebook says it is planning legal action to challenge a recent Thai government request to block a 1M+ member Facebook group critical of the Thai monarchy — (CNN Business)Facebook said it is planning legal action against Thailand's demand that forced the company to block a group deemed critical of the country's monarchy.
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Reuters, Prachatai English, Reclaim The Net, and The Verge
| Lucas Shaw / Bloomberg: |
Audible debuts Audible Plus, a $7.95/month tier with unlimited access to a library of 11K+ titles spanning audiobooks, podcasts, and original productions — - Audiobook company goes after podcast listeners in new push — Cheaper plan will include 11,000 titles, including originals
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The Verge, 9to5Mac, Variety, The Digital Reader, 9to5Toys, MSPoweruser, TechHive, Good e-Reader, Thurrott, Deadline, Hollywood Reporter, CNET, Engadget, RAIN News, and Seeking Alpha
Tweets: @film_girl and @ballmatthew
| Reuters: |
Sources: Foxconn, Pegatron, and others are considering shifting production to Mexico, as US-China tensions rise, with potential plans to make iPhones — HONG KONG/TAIPEI/MEXICO CITY (Reuters) - Taiwan-based electronics manufacturers Foxconn and Pegatron are among companies eyeing new factories in Mexico …
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Times of India, Reuters, The Verge, 9to5Mac, Patently Apple, TechSpot, iDownloadBlog.com, Ars Technica, Telecoms.com, iMore, MacRumors, iPhone in Canada Blog, AppleInsider, The Indian Express, PhoneArena, and Slashdot
Tweets: @alipasha and @benktallmadge
| Ari Levy / CNBC: |
Cloud database company Snowflake files for IPO, says in the first half of 2020 its revenue jumped to $242M from $104M YoY, while its gross profit almost tripled — - Snowflake said that revenue in the first half of 2020 more than doubled to $242 million, while its net loss narrowed slightly to $171.3 million.| Nico Grant / Bloomberg: |
Black VCs discuss systemic issues within the industry, where only 4% of VCs are African-American and investment rates are low, and wonder about the future — At a time when the U.S. has been thrust anew into conversations about racial inequality, many Black venture capitalists say they are grappling …
Tweets: @taylorlorenz, @leylaseka, @business, and @rubenharris
| Stephanie Condon / ZDNet: |
Palo Alto Networks says it plans to acquire The Crypsis Group, an incident response, risk management, and digital forensics consulting firm, for $265M in cash — Meanwhile, the cybersecurity firm posted better-than-expected Q4 results, thanks in part to work-from-home tailwinds.
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investors.paloaltonetworks.com, SiliconANGLE, TechCrunch, and SecurityWeek
| Jordan Novet / CNBC: |
Unity Software, which makes a 3D engine for games and more, files for a US IPO, reports that in 2019 it had a $163.2M net loss on $541.8M in revenue, up 43% YoY — - Unity boasts business from game makers such as EA, Microsoft, and Zynga. — The company gains revenue as organizations develop …
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TechCrunch, Tech News, Axios, and VentureBeat
Tweets: @ryan_browne_, @carnage4life, @ddiakopoulos, @ericnewcomer, and @j_k9
| Abner Li / 9to5Google: |
Google is testing TikTok style videos in Discover, the section found to the left of most Android home screens and in the Google iOS app, fed by Trell and Tangi — TikTok has been or is in the process of being banned in some countries. This has resulted in new or existing services trying … | John Koetsier / Forbes: |
Security research firm Snyk alleges that Chinese ad network Mintegral committed ad click fraud via its SDK across billions of installs of 1,200+ iOS apps — A Chinese ad network named Mintegral is accused of spying on user activity and committing ad fraud in more than 1,200 apps with 300 million installs per month since July 2019.
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Snyk, ZDNet, AppleInsider, SecurityWeek, Dark Reading, and Help Net Security
Tweets: @snyksec, @boldstartvc, @johnallsopp, @reybango, @alyssam_infosec, and @alyssam_infosec
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