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July 30, 2021, 5:40 PM
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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
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Wall Street Journal, BBC, The Record, BleepingComputer, HotHardware.com News, Variety, TechCrunch, The Verge, Reuters, SiliconANGLE, Mashable, Slashdot, PYMNTS.com, Politico, CNN, Financial Times, Forbes, MSPoweruser, iPhone in Canada Blog, CNET, PCMag, Android Central, Insider, The Wrap, BGR, Engadget, AppleInsider, GeekWire, and The Mac Observer
Tweets: @adam_k_levin, @maxschrems, @privacymatters, @carnage4life, and @carnage4life
| Amazon.com, Inc.: |
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| Natalie Wolchover / Quanta Magazine: |
Physicists say they used Google's quantum computer to demo a time crystal, which forever cycles between states without consuming energy, for the first time — Like a perpetual motion machine, a time crystal forever cycles between states without consuming energy.| Russ Mitchell / Los Angeles Times: |
New book claims Elon Musk demanded to be made Apple CEO during Tesla buyout talks in 2016, before Tim Cook cursed and hung up; Musk says he never spoke to Cook — Power Play: Tesla, Elon Musk, and the Bet of the Century — If you buy books linked on our site, The Times may earn a commission …
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Tweets: @elonmusk, @elonmusk, @elonmusk, @markgurman, @timkhiggins, @markgurman, @elonmusk, @crtrud, @alex_avoigt, @scobleizer, @markgurman, @charlesarthur, @rmac18, @somospostpc, @superscientific, @campuscodi, @kantrowitz, @resistbotatwork, @chancehmiller, @hallstephenj, @bzamayo, @mikebeas, @dbreunig, @markgurman, @edzitron, @chancehmiller, @snazzyq, @bonejail, @bizmarkiedesade, @rmac18, @russ1mitchell, @martinsfp, @carnage4life, @timkhiggins, @daniel_rubino, @gerberkawasaki, @anildash, @gartenberg, @tomgara, @downeastcapital, and @alexyablon
| Reuters: |
SEC has stopped processing IPO and other registrations by Chinese companies as it crafts guidance for companies about the risks they face in China — (Reuters) - The U.S. Securities and Exchange Commission (SEC) has stopped processing registrations of U.S. initial public offerings (IPOs) …
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U.S. Securities …, CNN, Blockworks, Associated Press, Protocol, ZDNet, Axios, Financial Times, Bloomberg, and Reuters
Tweets: @garygensler, @vlajournaliste, and @secgov
| Nathaniel Taplin / Wall Street Journal: |
China's crackdown on its tech giants could backfire, leaving Beijing with a seriously damaged consumer sector and slow-growing chip and robotics companies — When a government comes to believe it can snap its fingers and create—or destroy—whole industries at will, things can easily go awry
Tweets: @jchengwsj and @hkanji
| Tim Perry / HTTP Toolkit: |
Safari's extremely slow pace in adopting popular features and fixing showstopping bugs, and refusal to engage with contentious API proposals, is harming the web — There's been a lot of discussion recently about how “Safari is the new IE” (1, 2, 3, 4, 5). — I don't want to rehash …
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Igalia and daverupert.com
| 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.
Tweets: @daveyalba, @daveyalba, @kwameopam, @daveyalba, @daveyalba, and @daveyalba
| 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 …
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Binance, CoinDesk, Crypto Briefing, BitcoinExchangeGuide, Forbes, Cointelegraph, Coinspeaker, cryptodaily.co.uk, Decrypt, Cryptonews, and The Block. Tweets: @anbessa100
| Ashley Carman / The Verge: |
In an email to creators, Mark Cuban-funded Fireside, which hosts live audio chats, says it is accepting investments through August from anyone interested — It hasn't even launched publicly yet — The Mark Cuban-funded and co-founded audio app Fireside has yet to publicly launch …
Tweets: @jowyang and @ashleyrcarman
| Edward Ongweso Jr / VICE: |
48 civil rights and advocacy groups ask the FTC to ban corporate facial surveillance technology and continuous corporate surveillance of public space — The open letter uses Amazon as a case study to argue that corporate surveillance technologies cause immense harm and fall under the FTC's authority to ban.| Stephen Shankland / CNET: |
Twitter offers bug bounty of up to $3,500 to spot bias in its photo cropping algorithm, which was shown to favor white people over Black people — Twitter has a new way to rid itself of artificial intelligence bias: pay outsiders to help it find problems. On Friday, the short-message app … | Stephan Kahl / Bloomberg: |
Germany to allow institutional funds, which currently manage a total of ~$2.1T, to hold up to 20% of their holdings in Bitcoin and other crypto assets — - Law would let billions of euros flow into crypto assets — Spezialfonds effected currently manage 1.8 trillion euros| 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.
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KnowTechie, iMore, iPhone in Canada Blog, TechRadar, inews.co.uk, Android Authority, ABC, and 9News
Tweets: @snapchatsupport and @snapchat
| Eric Seufert / @eric_seufert: |
[Thread] Facebook's future prospects remain strong as the secular rise of digital advertising blunts any headwinds from regulators, Apple, critics, and others — My takeaway from $FB earnings: Facebook will inevitably become the most important company in the lives of most people on Earth for the next 20-30 years. I don't see any credible, extant mechanism that can constrain its growth (1/X)
| Daniel Estrin / NPR: |
Source: NSO Group has temporarily blocked several government clients globally from using its technology as the company investigates their possible misuse — Israeli spyware company NSO Group has temporarily blocked several government clients around the world from using its technology …
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9to5Mac, Beyond Search, Silicon Republic, iMore, MediaNama, CNET, Axios, and Washington Post. Tweets: @profcarroll
| 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
Tweets: @chadbown, @timaeppel, and @jchengwsj
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