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December 24, 2020, 5:20 PM
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Top News

Financial Times:
China's market regulator announces an antitrust investigation into Alibaba for alleged monopolistic practices, the first investigation of its kind in China  —  Probe into China's biggest tech group is one of the first of its kind for country's internet sector
Bloomberg:
China's regulatory crackdown to limit the influence of Jack Ma, who has long cultivated the image of a rebel fighting the system, has been years in the making
Sam Biddle / The Intercept:
In unsealed court docs, Facebook managers appeared to admit to major flaws in ad targeting capabilities in 2016 and wondered if they were misleading advertisers  —  Facebook is currently waging a PR campaign purporting to show that Apple is seriously injuring American small businesses through its iOS privacy features.
Eric Newcomer / Newcomer:
An interview with Keith Rabois, who has championed Miami as a tech destination after moving there, and whose investment portfolio has seen major exits this year  —  Keith Rabois just moved to South Florida.  Now he wants Silicon Valley to join him.  —  15 hr ago  —  Keith Rabois is ubiquitous these days.
Tim Bradshaw / Financial Times:
Seven startups, including Thrasio and Heyday, hoping to become conglomerates like P&G, have raised a combined $950M to acquire small Amazon Marketplace sellers  —  Start-ups including Thrasio, SellerX and Heroes are rolling up small brands, hoping to become the new P&G or Unilever
Lorraine Longhi / The Copper Courier:
Some GoDaddy employees are upset after the company sent a phishing email scam to test its employees, with the email promising a $650 one-time holiday bonus  —  GoDaddy surpassed 20 million customers this year and laid off or reassigned hundreds of employees during the coronavirus pandemic in Arizona, Iowa, and Texas.
Kate Duffy / Business Insider:
April Christina Curley, a Google recruiter focused on Black colleges, says she was fired in September and alleges a hostile work environment for Black people  —  - A Google employee, who said she was fired by the tech giant in September, claimed Monday that her manager told her that her way of speaking …
Bloomberg:
Source: Square has held talks to acquire music streaming service Tidal, which Jay-Z acquired for $56M in early 2015  —  - Streaming music platform has struggled to keep up with Spotify  — Dorsey has met with Jay-Z multiple times during the pandemic  —  Square Inc., the digital-payment …
Giles Turner / Bloomberg:
Filing: ByteDance says TikTok UK had sales of $20M in 2019, with a loss of $119.5M, driven by advertising and marketing expenses of $109M  —  - Chinese owner ByteDance has not disclosed global figures  — Video-sharing app has been rapidly expanding in U.K.
Kyle Wiggers / VentureBeat:
Nuro says it has been granted a permit to test and charge for its commercial autonomous delivery service by California's DMV, the first company to do so  —  Hours after announcing that it acquired self-driving truck startup Ike, Nuro revealed it's the first company to receive permission …
John Harney / Bloomberg:
DHS has issued an advisory to US businesses, warning of data security risks with using communication equipment and services from China-linked companies  —  - Homeland Security warns of trade secret, competition risks  — Advisory comes after hack that Trump advisers blame on Russia
Zach Dorfman / Foreign Policy:
US officials say Chinese tech companies, including Alibaba and Baidu, have been enlisted to process stolen US data for Chinese spy agencies to analyze

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This is a Techmeme archive page. It shows how the site appeared at 5:20 PM ET, December 24, 2020.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Wall Street Journal:
Sources: Amazon executives, including MGM Studios head Mike Hopkins, have discussed rebooting The Apprentice for Prime Video, with Donald Trump Jr. as the host

Ethan Millman / The Hollywood Reporter:
UMG artists will receive a share of the proceeds from UMG's Spotify stock sale, regardless of debts; WMG paid out $126M to artists from its 2018 stock sale

Dade Hayes / Deadline:
The NAB's CEO says the FCC's “nearly unprecedented request” for Disney to reapply for TV licenses is contrary to established principles and creates uncertainty

More News

Joe Rossignol / MacRumors:
Apple's new privacy prompt to allow or deny tracking, originally meant to be introduced in Sept., has started to roll out for some iOS 14 users in certain apps
Leo Kelion / BBC:
DeepMind details MuZero, revealed in 2019 and following AlphaZero, which can master games without knowing the rules and is working on YouTube video compression

Earlier Picks

Drew FitzGerald / Wall Street Journal:
FCC's ongoing 5G wireless licenses auction has fetched over $69.8B after three weeks, beating the $44.9B sale of 4G licenses in 2015, and will resume January 4
Kevin McLaughlin / The Information:
Sources: Zoom has begun developing a web email service for businesses, and may trial it next year, and is also considering building a calendar app
Manish Singh / TechCrunch:
Telegram debuts group voice chat as CEO Pavel Durov says it is nearing 500M MAUs and will launch an ad platform for public one-to-many channels next year
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