| Zheping Huang / Bloomberg: |
State media says China is restricting online gaming time of minors to 3 hours most weeks of the year, from 8pm to 9pm on Fridays, weekends, and public holidays — - The country is imposing its strictest limits yet on play time — Beijing is waging a campaign to groom productive youths| Hartley Charlton / MacRumors: |
Kuo: iPhone 13 hardware could support LEO satellite communications; Apple may work with Globalstar to enable connectivity when not in 4G/5G range — The iPhone 13 will feature low earth orbit (LEO) satellite communication connectivity to allow users to make calls and send messages … | Mark Gurman / Bloomberg: |
Source: Apple's planned satellite capabilities for the iPhone are focused on emergencies, enabling texts and crisis reports in areas without cellular coverage — - Apple plans an emergency-reporting tool for future iPhones — Apple Inc.'s push to bring satellite capabilities to the iPhone … | Kate Rooney / CNBC: |
Paypal has hired the co-founder of online brokerage TradeKing to lead the “Invest at Paypal” unit, which, sources say, plans to let US customers trade stocks — - PayPal is exploring ways to let users trade individual stocks, according to two sources familiar with the plan.| Arjun Kharpal / CNBC: |
ByteDance acquires VR headset maker Pico; according to IDC, Pico was the third-largest VR headset maker globally in Q1 2021 with shipments up 44.7% YoY — - TikTok owner ByteDance has made its first foray into virtual reality (VR) through the acquisition of a start-up called Pico.| Daniel Howley / Yahoo Finance: |
Zoom beats with Q2 revenue of $1.02B, up 54% YoY, vs. $991.0M est., and now has 2,278 customers paying $100K+, up 131% YoY; stock down 10%+ on weak Q3 guidance — reported its fiscal Q2 2022 earnings after the bell on Monday, beating analysts' expectations on the top and bottom line.| Zoe Schiffer / The Verge: |
Some Apple employees say their privacy is not well protected by Apple, as they decry norms and rules that encourage personal iCloud accounts be used at work — Jacob Preston was sitting down with his manager during his first week at Apple when he was told, with little fanfare … | Mark Gurman / Bloomberg: |
Sources: Apple Watch Series 7 will get a flat edged design with 41mm and 45mm displays, and multiple new watch faces to take advantage of the larger sizes — This is the free version of Power On. If you like it, consider subscribing to Bloomberg.com — you'll receive this newsletter several hours earlier … | Micah Singleton / Billboard: |
Apple acquires classical music streaming service Primephonic, giving its users six free months of Apple Music, and will debut its own classical music app in '22 — Apple has acquired Primephonic, the classical music streaming service, for an undisclosed amount, the company tells Billboard.| Andrew Hayward / Decrypt: |
Jack Dorsey and Mike Brock say Square's TBD is building a Bitcoin-centric decentralized exchange for digital assets — Square's Cash App is a popular way for people to buy and sell Bitcoin, but CEO Jack Dorsey's love for the leading cryptocurrency is immense—and the financial services firm plans to do a lot more in the space.| Andrew Ackerman / Wall Street Journal: |
Kraken and others want access to Federal Reserve payment systems to process digital asset sales faster; ahead of the Fed's decision, traditional banks push back — Efforts by the new breed of financial entities, if successful, could create more competition for traditional banks| Manish Singh / TechCrunch: |
Sensor Tower: Telegram crossed 1B global downloads, with ~214.7M installs in H1 2021, up 61% YoY, and 22% of total global downloads coming from India — Popular instant messaging app Telegram has joined the elite club of apps that have been downloaded over 1 billion times globally, according to Sensor Tower.
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