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July 30, 2021, 11:30 AM
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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
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.
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.
Tom Wilson / Reuters:
Binance says it will wind down futures and derivatives trading in Europe, amid regulatory pressure; users will have 90 days to close from a date specified later  —  Major cryptocurrency exchange Binance said on Friday it would wind down its futures and derivatives products offerings across Europe …
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.
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.
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.
Catherine Stupp / Wall Street Journal:
Faced with rising ransomware risks, companies seeking cybersecurity professionals are paying higher salaries and offering more autonomy  —  Companies are paying higher salaries, and in some cases giving more autonomy, to attract executives who manage data security
Greg Ip / Wall Street Journal:
How the US and allies, which long pressed China to stop subsidies for favored industries, are now embracing subsidies of their own to fund chip manufacturers  —  An approach long criticized as inefficient, is being adopted by the U.S. to fund sectors such as semiconductors

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From Mediagazer

Alex Ritman / Variety:
In Channel 4's 2025 Alternative Christmas Message, Jimmy Kimmel said “tyranny is booming” in the US and, on his ABC suspension, “We won, the president lost”

Todd Spangler / Variety:
Trump says Stephen Colbert is a “pathetic trainwreck” and “CBS should, ‘put him to sleep,’ NOW”, after CBS aired a Late Show rerun in which Colbert mocked Trump

Rebecca Rubin / Variety:
Disney crosses the $6B milestone at the box office for the first time since the COVID-19 pandemic; no other studio has managed to reach $6B since 2015

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
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
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

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%+
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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