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Techmeme
July 30, 2021, 9:25 AM
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Top News

Amazon.com, Inc.:
Amazon reports Q2 revenue of $113.08B vs. $115.2B est., net sales grew 27% YoY, net income of $7.8B, and AWS net sales of $14.8B, up 37% YoY; stock down 5%+  —  SEATTLE—(BUSINESS WIRE) July 29, 2021—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2021.
Stephanie Bodoni / Bloomberg:
In a filing, Amazon discloses that EU privacy regulators levied a record $888M fine for violating GDPR data storage rules in a July 16 decision  —  - Luxembourg watchdog wields new powers with highest data fine  — Fine follows probe based on complaint by French privacy group
Reuters:
Sources: SEC has stopped processing IPO and other registrations by Chinese companies as it crafts guidance for investors disclosures over China's crackdown  —  (Reuters) - The U.S. Securities and Exchange Commission (SEC) has stopped processing registrations of U.S. initial public offerings …
Maggie Fitzgerald / CNBC:
Robinhood closes down 8% on its first day of trading, after raising $2.1B in its IPO at a valuation of around $32B  —  - Stock trading app Robinhood fell more than 8% on its first day of trading on the Nasdaq.  — Robinhood's opening price was $38 per share.
Jay Peters / The Verge:
Snap says it resolved an issue that prevented some Snapchat users from logging in and advises users to manually update the app if the issue persists  —  Snap resolved an issue preventing users from logging in  —  Snapchat experienced a massive issue Thursday evening, with more than 125,000 users reporting problems on Downdetector.
Nick Statt / Protocol:
A look at the fallout from the Activision Blizzard suit, as the company confirms it fired WoW lead for misconduct last year and hires “union-busting” law firm  —  Activision Blizzard is in crisis mode.  The World of Warcraft publisher was the subject of a shocking lawsuit filed …
Jonathan Greig / ZDNet:
Researchers detail a never-before-seen attack against Iran's train system and transport ministry from a new threat actor using a reusable wiper called Meteor  —  SentinelOne analysts were able to recreate the July 9 attack and identify the threat actor behind it.
Kieran Leavitt / Toronto Star:
Canada proposes the creation of a digital safety commissioner role to oversee violations of new harmful online content rules and issue penalties to platforms  —  The Liberal government has proposed a vast new system that would be tailored to ensure illegal content, such as child pornography and hate-speech …
Salvador Rodriguez / CNBC:
Pinterest misses on user growth in Q2, with 454M MAUs vs. 482M est., as revenue beats, with $613M, up 125%+ YoY, vs. $562.1M est.; stock down 20%+  —  - The company declined to provide third-quarter guidance on monthly active user due to the unknown impact of Covid-19 variants.
Davey Alba / New York Times:
A look at the development of an Amazon warehouse in Windsor, CT, where the discovery of multiple nooses on site raises questions about Amazon's responsibilities  —  The discovery of multiple nooses has set off heated debates about the responsibility of companies and the ability of workers to speak their mind.

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This is a Techmeme archive page. It shows how the site appeared at 9:25 AM ET, July 30, 2021.

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From Mediagazer

The Hollywood Reporter:
The Sky-ITV deal raises questions about US ownership of the UK's largest commercially funded free-to-air network and a key part of its cultural landscape

Lucas Shaw / Bloomberg:
Sources: Netflix is studying its data to see why viewers quit its shows after S1, with some shows seeing a 30%-70% S2 drop, as it faces a quarter without hits

Alex Ritman / Variety:
AI-focused studio Particle 6 plans a full-length feature film to be led by the AI “actor” Tilly Norwood, as a hybrid production using film and TV professionals

More News

Ian Carlos Campbell / The Verge:
Amazon Kindle devices with built-in 3G won't be able to download e-books via cellular connection in the US starting in December as carriers switch off 2G and 3G
Thomas Brewster / Forbes:
Profile of Israeli surveillance startup Paragon, funded with $5-10M from US-based Battery, which sources say allows police to hack encrypted messaging apps
Michail / GSMArena.com:
Motorola announces the Edge 20, 20 Pro, and 20 Lite for Europe, Latin America, and Asia, coming in August with prices starting from €349.99

Earlier Picks

Danielle Kaye / Reuters:
LinkedIn will let most staff opt for full-time remote work, reversing a policy from last October that would have required in-office work half of the time
Jordan Fabian / Bloomberg:
More than 90 CEOs, including Cook, Pichai, Jassy, and Zuckerberg, urge Congress to ensure citizenship for Dreamers, after a judge ruled against the program
Ryne Hager / Android Police:
Google updates Play Store policies to ban apps offering “compensated sexual relationships”, likely impacting sugar daddy dating apps, beginning September 1
Karissa Bell / Engadget:
Mark Zuckerberg says video now accounts for almost half the time spent on Facebook, and that Reels is the “largest contributor to engagement growth”
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