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August 27, 2020, 1:15 PM
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| Dan Primack / Axios: |
Walmart says it is working with Microsoft on the TikTok deal, sources say with the idea of turning TikTok US into an e-commerce app for creators and users — Microsoft is working with Walmart on its efforts to buy TikTok's U.S. business from China's ByteDance, Axios has learned from multiple sources close to the process.| Financial Times: |
TikTok CEO Kevin Mayer resigns, sources say after Trump threatened to ban the app; Vanessa Pappas, currently general manager of TikTok, will become interim head — Former Disney executive resigns just months after appointment by Chinese video platform — Kevin Mayer has quit TikTok …
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New York Times, CNBC, CNN, The Verge, TechCrunch, Wall Street Journal, CNET, AppleInsider, Windows Central, Bloomberg, The Hill, Reuters, Android Headlines, OnMSFT.com, Fortune, MediaNama, Adweek, MSPoweruser, Protocol, TechNode, Newser, ZDNet, The Information, Hollywood Reporter, BBC, Deadline, The Guardian, Washington Post, Digital Trends, Input, The Next Web, CNET, Engadget, PYMNTS.com, Micky, Silicon Republic, and Mashable
Tweets: @cnbcnow, @neilcybart, @panzer, @sal19, @v_ness, @loudmouthjulia, @loudmouthjulia, @loudmouthjulia, @hawleymo, @esaagar, @amlewis4, @colinmort, @neilcybart, @newley, @taralach, @refsrc, @niubi, @kylebrussell, @nongaap, @wongmjane, @sub8u, @thekenyeung, @taylorlorenz, @caseynewton, @_harshilshah, @martinsfp, @karaswisher, @thekenyeung, @carnage4life, @joshconstine, @jason, @loudmouthjulia, and @kurtwagner8
| Alex Sherman / CNBC: |
Sources: TikTok likely to announce a sale of US, Canada, Australia, and NZ operations in a deal worth $20B to $30B as soon as next week — - TikTok is nearing an agreement to sell its U.S., Canadian, Australian and New Zealand operations in a deal that could be announced as soon as next week, sources say.
More:
TechCrunch, Ars Technica, CNET, Windows Central, 9to5Mac, Variety, PingWest, OnMSFT.com, Mashable, Neowin, MacDailyNews, and Fortune
Tweets: @jessicalessin, @qhardy, @sharonwaxman, @zeanes, @sherman4949, @mehedih_, @mattrosoff, and @mattrosoff
| Shakeel Hashim / Protocol: |
Report: Oracle has taken the lead position to acquire TikTok and is offering $10B in cash, $10B in stock, and 50% of TikTok's annual profit to ByteDance — The Wrap reports that Oracle is offering $10 billion in cash, $10 billion in Oracle stock, and an agreement that 50% of TikTok's profit will go to ByteDance.
Source:
The Wrap. More:
Thurrott and Digital Trends
Tweets: @hshaban, @kantrowitz, @teddyschleifer, @jchu, @llsethj, @jaycuthrell, @mgsiegler, @alexdevkar, @yoda, and @caseynewton. Thanks:@shakeelhashim
| Russell Brandom / The Verge: |
Facebook users reported Kenosha Guard's Page and event to Facebook before the shootings but were told it did not violate its policies; the Pages are now gone — Multiple users reported the account for inciting violence, but were told it did not violate platform policy| Dieter Bohn / The Verge: |
Amazon announces Halo, a $99.99 fitness band with an app to track emotional tone and create 3D scans for body fat, with a $3.99/month subscription service — It makes a 3D model of your body and tracks the emotional tone in your voice — Amazon is getting into the health gadget market …
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Amazon.com, Inc., TechCrunch, The Amazon Blog, Engadget, ZDNet, Android Authority, AppleInsider, Macworld, Android Police, NBC News, GeekWire, MacRumors, The Irish Times, Thurrott, Windows Central, Protocol, iPhone Hacks, Computer Business Review, iDownloadBlog.com, TheStreet, Neowin, SlashGear, Fast Company, Business Insider, and 9to5Toys
Tweets: @chrissyfarr, @chuckwendig, @jjvincent, @backlon, @cloudcomplices, @kate_mckean, @mer__edith, @laurengoode, @sapna, @rosiegray, @chrissyfarr, @karaswisher, @bigblackjacobin, @hallstephenj, @pippedtodeath, @c_davies, @tomwarren, @brianroemmele, @345triangle, @b_fung, @backlon, @willoremus, @shiraovide, @backlon, and @backlon
| Rafat Ali / Skift: |
A few lessons for the events industry from digital turning points in music, video, and news industries, as Zoom transforms events like Napster changed music — All types of business events are in danger of their revenue streams of tickets, sponsorships, memberships, and other types of fees being eroded.
Tweets: @waxy, @chr1sa, @ckrewson, @ruudwjanssen, @robpegoraro, @rashmi, @joshsternberg, @tolles, and @narendra
| Sara Fischer / Axios: |
Facebook warns publishers that Apple's upcoming privacy changes in iOS 14, which clamp down on ad tracking IDFA usage, will make Audience Network less effective — Facebook is warning advertisers that they can expect weaker ad performance from iPhone users once iOS 14 comes out next month …
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The Register, Facebook, Wall Street Journal, Facebook Audience Network, Ars Technica, Threatpost, The Guardian, BBC, CNBC, KnowTechie, PYMNTS.com, International Business Times, Engadget, and Digiday
Tweets: @waltmossberg, @sarahfrier, @joannastern, @random_walker, @rjonesy, @neilcybart, @hoofnagle, @shawndubravac, @hotdogsladies, @joannastern, @caseynewton, @sandofsky, @matt_cagle, @emilystewartm, @jason_rubin, @jeffseibert, @deardara, @shiraovide, @film_girl, @benedictevans, @aripap, @kylealden, @mattlynley, and @sandofsky
| Annie Palmer / CNBC: |
Amazon opens its first Fresh grocery store in Los Angeles to select customers, equipped with Dash Carts and voice-activated Echo Show displays — - Amazon is opening the first location of its new chain of Fresh grocery stores. — The store, located in Los Angeles' Woodland Hills neighborhood …
More:
The Amazon Blog, Reuters, CNET, CNN, TechCrunch, Mashable, The Verge, PYMNTS.com, and Engadget
| Kia Kokalitcheva / Axios: |
SEC approves new NYSE rules that will let companies raise capital through direct listings, a technique that Spotify and Slack used — The U.S. Securities and Exchange Commission on Wednesday approved the New York Stock Exchange's rule change that will allow companies to raise new capital as part of a direct listing.
More:
Wall Street Journal and Financial Times
| Ingrid Lunden / TechCrunch: |
Restream, a service that helps creators stream to around 30 platforms simultaneously, raises $50M Series A co-led by Sapphire Ventures and Insight Partners — Live streaming of video has come into its own during the coronavirus pandemic, with services like Zoom, YouTube, Twitch … | Bloomberg: |
Counterpoint: Apple's AirPods are expected to sell 82M pairs this year, but their worldwide market share of true wireless earphones will drop from ~50% to 35% — - AirPods maker is projected to sell 82 million pairs this year — Wider market growing even faster, driven by cheaper models
More:
AppleInsider, The Next Web, MacRumors, 9to5Mac, Gizchina, and iMore
Tweets: @neiltwitz, @neiltwitz, @vladsavov, @jainmayank_943, @vijayshekhar, and @rmantri
| Igor Bosilkovski / Forbes: |
ChartHop, which provides charts to companies about their employees including data such as ethnicity and base compensation, raises $14M Series A led by a16z — Organizational platform ChartHop, which provides companies with visual charts that include various data points about their employees …
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FinSMEs
| Daniel Cooper / Engadget: |
Fairphone debuts modular €469 Fairphone 3+ with 40% recycled plastics, launching on September 14; Fairphone 3 users can upgrade camera module for €70 — Fairphone is a Dutch social enterprise that's trying to improve supply chain and labor conditions in the tech industry.
More:
TechCrunch, 9to5Google, XDA Developers, Silicon Canals, Android Headlines, Android Central, GSMArena.com, Neowin, Gizmodo, and The Verge
Tweets: @ripienaar and @techcrunch
| Ari Levy / CNBC: |
Salesforce to cut ~1,000 jobs, 1.8% of its workforce, including some Tableau employees, and will give those affected 60 days to find a new role in the company — - The cuts amount to about 2% of Salesforce's workforce, but employees affected will have 60 days to find a new position at the company.
More:
Wall Street Journal, TechCrunch, Seeking Alpha, cloudpro.co.uk, Silicon Republic, and Fortune
Tweets: @salesforce, @sunchartist, @voltefaceinvest, @htsfhickey, @hshaban, and @nongaap
| Jonathan Shieber / TechCrunch: |
CDN provider Fastly to acquire security monitoring and management company Signal Sciences for $775M — Los Angeles was always more than a one industry town, even when it comes to technology startups, but media and entertainment (and social networking) were always the big draws in tinseltown.
More:
ZDNet, Fastly, and Signal Sciences
| Nick Statt / The Verge: |
A look at the vast Unreal Engine ecosystem, from game developers to Hollywood studios to car makers, that may be affected if Apple bans Epic's developer account — Epic's legal fight with Apple over the future of Fortnite has quickly evolved into an existential battle for one of the game studio's … | Jay Peters / The Verge: |
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The Information, Philip Elmer‑DeWitt, Gizchina, iPhone Hacks, Android Authority, TechRadar, USgamer.net, BGR, dexerto.com, Polygon, Pocket Gamer.biz, Engadget, and KnowTechie
Tweets: @ericstromberg, @markgurman, @neilcybart, @rustyshelf, @benedictevans, @gruber, @film_girl, @benbajarin, and @jaypeters
| Chaim Gartenberg / The Verge: |
reMarkable 2 E Ink tablet review: enjoyable writing experience, and excellent display, but limited capabilities, no backlight, and expensive at $399 — Swapping pen and paper for E Ink — The pen, as the saying goes, is mightier than the sword. And modern computers, apparently …
More:
Gizmodo, CNET, Engadget, Liliputing, Mashable, and Tom's Guide
| Ryan Browne / CNBC: |
Swedish online payments startup Klarna reports a ~$59.8M net loss for H1 2020, a sevenfold increase YoY, as total net operating income rose 37% YoY to ~$528M — - Klarna racked up a net loss of 522 million Swedish krona ($59.8 million) between January and June, a sevenfold increase from the same period a year ago.
Tweets: @ryan_browne_
| David Pan / CoinDesk: |
Messaging app LINE launches a blockchain platform where developers can tokenize digital assets and run dapps, plus a wallet for users to manage digital assets — Messaging giant LINE has launched a wallet for users to manage digital assets and a blockchain platform where developers can issue … | Don Clark / New York Times: |
Sources say problems at Intel are likely to delay the DoE's exascale supercomputer project, which was scheduled to be installed near Chicago in 2021 — The chip maker was selected for an Energy Department project meant to show American tech independence. But problems at Intel have thrown a wrench into the effort.
Tweets: @donal888
| Jeremy Horwitz / VentureBeat: |
Opensignal report: US average 5G speeds (50.9 Mbps), just 1.8x 4G speeds (28.9 Mbps), lag behind the rest of the world; South Korea and Saudi Arabia lead — It's no surprise at this point that United States rollouts of 5G networks haven't delivered on the next-generation cellular standard's promise … | Sara Castellanos / Wall Street Journal: |
Visa says it has developed a more advanced AI system that can approve or decline credit and debit transactions on behalf of banks whose own networks are down — The deep-learning application makes more accurate decisions on behalf of banks experiencing network disruptions, Visa says
Tweets: @visanews
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