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August 19, 2021, 3:45 PM
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| Lauren Feiner / CNBC: |
FTC files a new antitrust complaint against Facebook, after a judge dismissed the first complaint in June; Facebook has until October 4 to respond — - The Federal Trade Commission filed a new antitrust complaint against Facebook on Thursday. — A federal judge dismissed …
Source:
United States District Court. More:
New York Times, Federal Trade Commission, Axios, Vox, CNN, PCMag, AppleInsider, Gizmodo, Reuters, New York Post, Washington Post, Protocol, XDA Developers, and Hollywood Reporter
| The Verge: |
FTC's new suit says Facebook has a monopoly in “US personal social networking services”, distinguishing it from TikTok, and Lina Khan will not recuse herself — FTC chair Lina Khan will not recuse herself from the case — The Federal Trade Commission has filed …
More:
Engadget, Wall Street Journal, SiliconANGLE, PYMNTS.com, NPR, CNET, Associated Press, The Hill, Los Angeles Times, Variety, Financial Times, and The Wrap
Tweets: @russellbrandom, @reckless, @kellymakena, and @reckless
| Alex Heath / The Verge: |
Facebook announces Horizon Workrooms, a virtual meeting space with avatars, spatial audio, a whiteboard, and more, in beta on Oculus Quest 2 — It wasn't long into a recent press briefing I attended in virtual reality when Mark Zuckerberg showed up to talk about the metaverse.
Source:
Oculus. More:
CNN, New York Times, The Information, The Guardian, Wired, CBS News, Engadget, CNET, Fortune, VentureBeat, benzinga.com, HotHardware.com News, CNBC, SiliconANGLE, Silicon Republic, Associated Press, ZDNet, BuzzFeed News, The Week, Gizmodo, VRScout, Axios, Ed Zitron's Where's Your Ed At, New York Post, Pocket-lint, NBC Bay Area, CNBC, Neowin, MSPoweruser, TechRadar, Financial Times, Laptop Mag, Bloomberg, Insider, KnowTechie, and Android Central
Tweets: @brianstelter, @facebook, @katienotopoulos, @juliacarriew, @carlquintanilla, @jaycuthrell, @bryanedwardhill, @grady_booch, @reckless, @mikeelgan, @aaronhuertas, @mathewi, @thedweck, @parkermolloy, @mikeisaac, @soalexgoes, @nkulw, @schrep, @taylorlorenz, @minds, @cwarzel, @jamesliamcook, @alexeheath, @kifleswing, @mannyfidel, @yoda, @yoda, @nicholasadeleon, @clarajeffery, @kellymakena, @brooklynmarie, @reckless, @samro, @jetscott, @benedictevans, @jjvincent, @boredelonmusk, @david_j_roth, @danprimack, @maxkennerly, @dmitryopines, @bowknowsbiz, @markdistef, @pilhofer, @kairyssdal, @mikeisaac, @jetscott, @carlquintanilla, and @digiphile
| Lucas Shaw / Bloomberg: |
OnlyFans says it will prohibit users from posting any sexually explicit conduct starting in October, but will allow them to post nude photos and videos — OnlyFans is getting out of the pornography business. — The company will prohibit users from posting any sexually explicit conduct, starting in October.
More:
TechCrunch, Engadget, VICE, Insider, Financial Times, dexerto.com, Mashable, GameRevolution, Input, KnowTechie, and Gizmodo
Tweets: @danprimack, @conorsen, @taylorlorenz, @raewitte, @danprimack, @film_girl, @aella_girl, @cathyreisenwitz, @alyssabereznak, @martinsfp, @ashleevance, @ericnewcomer, @jasminericegirl, @film_girl, @normative, @mattwallaert, @carnage4life, @ryanlawler, @caseynewton, @panzer, @steinkobbe, @jasoncwarner, @daveleeft, @danprimack, @kcifeanyi, @jason_koebler, @film_girl, @mgsiegler, @the_mckern, @emilydreyfuss, @panzer, @kenlowery, @daiwaka, @snipeyhead, @caseynewton, @film_girl, @motherboard, @russbengtson, @film_girl, @jasondashbailey, @quinnypig, @panzer, @alex, @killedbygoogle, @mikejjennings, @panzer, @panzer, @parkermolloy, @jhweissmann, @theericgoldman, @teroterotero, @caseynewton, @zackfox, @boneread3r, @kimberlynfoster, @deray, @brosandprose, @morganjerkins, @mikeisaac, @danprimack, @rmac18, @caseynewton, @lucas_shaw, @mathewi, @panzer, @lucas_shaw, @rmac18, @stevekovach, and @rmac18
| Dan Primack / Axios: |
Sources: OnlyFans is struggling to find investors, possibly due to hosting adult content; Pitch Deck shows it predicts $5.9B GMV in 2021 and $1.2B net revenue — OnlyFans, the online creator platform known for its adult content, is struggling to find outside investors, according to multiple sources.
More:
Axios, The Verge, The Hill, and Insider
Tweets: @danprimack, @danprimack, @azeem, @danprimack, @ericnewcomer, @pitdesi, @cindygallop, @adamcrafton_, @shiraovide, @seyitaylor, and @markdistef
| Sean Hollister / The Verge: |
An overview of the most interesting internal emails from the Apple v. Epic trial, including discussions about an “iPhone nano” and lowering App Store fees — In May, the world watched as Epic Games dragged Apple to court, challenging the most profitable company in the world …
More:
The Verge, The Verge, Forbes, AppleInsider, MacRumors, Patently Apple, iPhone in Canada Blog, Wccftech, 9to5Mac, IGN, Gizchina, iDownloadBlog.com, and iMore
Tweets: @starfire2258, @alexeheath, @parkerortolani, @starfire2258, @alexhcranz, and @choire
| Wall Street Journal: |
Sources: Amazon plans to open several large physical stores across the US, starting in Ohio and California, to extend its reach in clothing and other areas — Online shopping pioneer wants a larger retail presence to sell clothing and household items and facilitate exchanges
More:
Ars Technica, Gizmodo, CNBC, Seattle Business Journal, benzinga.com, The Irish Times, The Guardian, The Hill, GeekWire, Forbes, PCMag, Techaeris, USA Today, Engadget, New York Post, Coinspeaker, Tech Xplore, PYMNTS.com, Bloomberg, and KnowTechie
Tweets: @retailprophet, @georgemacd, @jwjnational, @laurenthomas, @cvpayne, and @jyarow
| Chaim Gartenberg / The Verge: |
Intel details its Alder Lake lineup, coming this fall, which uses a 10nm process and offers hybrid performance and efficiency x86 cores — Coming this fall — Intel has spent much of 2021 announcing plans for its future: a new IDM 2.0 strategy, new naming schemes for its process nodes, and new desktop GPUs.
More:
YouTube, Intel, AnandTech, The Verge, ZDNet, AnandTech, XDA Developers, Windows Central, Intel, and AnandTech
Tweets: @iancutress, @iancutress, @cmuratori, @dcominottim, @intelgraphics, @pgelsinger, @starfire2258, and @tomwarren
| Wolfie Zhao / The Block: |
Coinbase launches Coinbase Japan in partnership with Mitsubishi UFJ Financial Group, initially supporting the five highest-trading cryptocurrencies — Crypto exchange Coinbase is entering the Japanese market through its partnership with Japanese financial giant Mitsubishi UFJ Financial Group (MUFG).
Source:
The Coinbase Blog. More:
Blockworks, Bloomberg, BitcoinExchangeGuide, CoinDesk, cryptodaily.co.uk, blockchain.news, Financial Times, and CoinJournal
| Ethan Zuckerman: |
Facebook's new report reinforces its narrative that most content on the News Feed is not news, but doesn't provide enough data to make meaningful conclusions — What content is popular on Facebook? — This is a surprisingly difficult - and very important - question to answer.
More:
Washington Post, Washington Post, Galaxy Brain, Brian Boland, Ars Technica, TIME, and Insider
| Issie Lapowsky / Protocol: |
Source:
Facebook Transparency Center. More:
Wired, About Facebook, TechCrunch, Politico, and BBC
Tweets: @kevinroose, @giladedelman, @andymstone, @alexweprin, @drewharwell, @caseynewton, @ognyanova, @wired, and @evelyndouek
| Nick Statt / Protocol: |
Epic says its Game Store has 58M MAUs, up from 56M at the end of 2020 and 32M in 2019; Steam's Valve had 120M MAUs in 2020 — Epic's Game Store now has 58 million monthly active users, the company announced on Thursday as part of an announcement on its new self-publishing tools.| Sarah Perez / TechCrunch: |
Facebook says it is testing Reels in the News Feed and Groups in the US, after launching the feature in India, Mexico, and Canada earlier this year — Reels are coming to Facebook in the U.S. The company this morning announced it will begin testing a new feature, Facebook Reels … | Sean McLain / Wall Street Journal: |
Toyota says it will cut production in Japan by 40% in September due to the global chip shortage, after touting its ability to insulate itself — Car maker says it will cut production in Japan by 40% in September — TOKYO—The global semiconductor shortage has finally started to bite …
More:
BBC, Nikkei Asia, PCMag, The Verge, Reuters, Barron's Online, Toyota Motor Corporation …, Bloomberg, and Reuters
| Emily Birnbaum / Politico: |
Library of Congress bomb suspect livestreamed on Facebook for 71 minutes as he sat in his car surrounded by federal agents before Facebook took down his account — The man suspected of making a bomb threat in front of the Library of Congress posted lengthy Facebook livestreams several times throughout the morning.
Tweets: @mgsiegler, @cagoldberglaw, @maxkennerly, @somospostpc, @kellymakena, @emmya2, @mikeelgan, and @kagrox
| Bloomberg: |
Sources: data analytics service Databricks is raising new funding at a valuation of $38B, with Morgan Stanley leading a round of at least $1.5B — Morgan Stanley will lead the investment round in the cloud data analysis provider. — Databricks Inc. agreed to a new investment deal … | Chance Miller / 9to5Mac: |
Report: Apple is scaling back HealthHabit, an internal app that its staff used to track fitness goals, talk to clinicians, and manage hypertension — Apple is reportedly scaling back one of its most ambitious healthcare projects. According to a new report from Insider … | Richard Waters / Financial Times: |
Nvidia says its planned acquisition of Arm is unlikely to be completed within the planned 18-month time frame, due to investigations in the UK and China — US chipmaker acknowledges delay due to global regulatory scrutiny but remains confident of approval — Nvidia has admitted …
More:
The Verge, Ars Technica, VentureBeat, Barron's Online, and Thurrott
Tweets: @joshua_sisco and @malcolmmoore
| David Jeans / Forbes: |
How Big Tech companies use shell corporations to get massive tax breaks from US cities for data centers that create few jobs and consume a lot of power — Local governments are dangling hundreds of millions of dollars in tax breaks to persuade companies like Facebook, Google and Microsoft to build server farms in their backyards.| Chance Miller / 9to5Mac: |
Netflix says it is now rolling out support for Spatial Audio on iPhones and iPads — Netflix has confirmed that it is now rolling out Spatial Audio support to its iPhone and iPad applications. This enables an immersive experience using directional audio filters, and it has been a long time coming to Netflix users.
More:
techadvisor.com, Laptop Mag, Gizmodo, MacDailyNews, iClarified, TechCrunch, Gizchina, Redmond Pie, TechSpot, and XDA Developers
| Maggie Fitzgerald / CNBC: |
Robinhood reports Q2 revenue of $565M, up 131% YoY, net loss of $502M, down from $58M net income in Q2 2020, and crypto revenue of $233M; stock down 5%+ — Robinhood's revenue more than doubled in the second quarter to $565 million, bolstered by a massive surge in crypto trading …
More:
CoinDesk, Under the Hood, SiliconANGLE, and New York Post
| Richard Waters / Financial Times: |
Google outlines MUM, an AI model it plans to use to improve Search by answering users' “fuzzy information needs” that aren't formulated into specific questions — New language model called MUM may eventually behave as a virtual research assistant| Chaim Gartenberg / The Verge: |
Epic complaint alleges that Google paid game developers hundreds of millions in incentives to keep their games on the Play Store as part of its “Project Hug” — Google reportedly spent hundreds of millions to avoid another Fortnite situation — Google quietly paid game … | Margherita Beale / Forbes: |
D1 Brands, which acquires third-party merchants selling on Amazon's marketplace, raises $123M Series A led by CoVenture and Crossbeam Venture Partners — New York City-based Amazon aggregator D1 Brands raised $123 million in Series A funding, the company announced Wednesday.
Tweets: @kristinstoller, @justbirny, and @alibhamed
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