| 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 … | 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.| Wall Street Journal: |
| 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 and Spaces did not immediately respond to a request for comment.| 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| 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 … | 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.| 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 … | 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 … | The Verge: |
| Jordan Novet / CNBC: |
| 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 … | 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.| Craig Silverman / BuzzFeed News: |
Investigation: Chinese phone maker Transsion, which sells the ~$30 Tecno W2, preinstalled malware on some devices, leading to stolen data and money from users — When Mxolosi saw a Tecno W2 smartphone in a store in Johannesburg, South Africa, he was attracted to its looks and functionality.| 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.| 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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| Reuters: |
| Hyunjoo Jin / Reuters: |
| Kenrick Cai / Forbes: |
| Sidney Fussell / Wired: |
| Sean Hollister / The Verge: |