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July 29, 2022, 5:20 PM
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| Leah Nylen / Bloomberg: |
Sources: Lina Khan overruled FTC staff to sue Meta over its Within acquisition; the FTC didn't take sworn interviews of company execs in the nine-month inquiry — Federal Trade Commission Chair Lina Khan led her fellow Democrats in the agency's majority vote to sue Meta Platforms Inc. this week …
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Meta, PYMNTS.com, Protocol, Watcher Guru, GamesIndustry.biz, The Verge, Music Ally, Fortune, Neowin, and CryptoSlate
Tweets: @amir, @hoeglaw, @danieldancrane, @stevesi, @scottlincicome, @carlszabo, @adamkovac, @ericjackson, @gregstohr, @tedfrank, and @dwcaprio
| Cecilia Kang / New York Times: |
FTC chair Lina Khan's attempt to block Meta's Within acquisition upends decades of antitrust standards and may shift how DC enforces competition in nascent tech — Lina Khan may set off a shift in how Washington regulates competition by filing cases in tech areas before they mature.
More:
Financial Times, BIG by Matt Stoller, Dave Lee, Truth on the Market, MarketWatch, and Kotaku
Tweets: @benedictevans, @benedictevans, @blakereid, @muslimadvocates, @liroyleshed, @jimprosser, @daveleeft, @binarybits, @glenweyl, @gpanger, @proffionasm, @binarybits, @moonalice, @onekade, @kevinakwok, @ctbeiser, @julieinannap, @choo_hehimlvl3, @anshelsag, @enbrown, @enbrown, @enbrown, @enbrown, @enbrown, @enbrown, @enbrown, @benz145, @johnnyryan, @adamkovac, @karlbode, @veenadubal, @karlbode, @kerrymflynn, @ronmknox, @ftc, @econliberties, @caseynewton, @joshconstine, @reckless, @scobleizer, @stevesi, @martyswant, @jesselehrich, @pkafka, @ballmatthew, @matthewstoller, @ethanbaron, @leah_nylen, and @pathedger18
| Richard Lawler / The Verge: |
A Delaware judge rules that Twitter's case against Elon Musk for attempting to exit his $44B takeover will go to trial from October 17 to October 21, 2022 — Everybody's going to the Court of Chancery — We have a schedule for the Delaware Court of Chancery trial over T witter's lawsuit …
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Bloomberg, Reuters, Barron's Online, iPhone in Canada Blog, Mercury News, CNBC, MobileSyrup, Washington Post, Wall Street Journal, TechCrunch, SlashGear, International Business Times, Neowin, Tech Xplore, and Engadget
Tweets: @mims, @thecityofjules, and @seldo
| Amanda Seitz / Associated Press: |
Twitter says it fielded nearly 60K legal demands globally in H2 2021 and complied fully with ~40%; the US accounted for 20% of account information requests — WASHINGTON (AP) — Twitter warned Thursday that governments around the globe are asking the company to remove content or snoop …
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Twitter, Reclaim The Net, Axios, Engadget, Search Engine Journal, 2nd Smartest Guy in the World, and The Hill
Tweets: @michellemanafy and @lumendatabase
| Abner Li / 9to5Google: |
Amazon plans to shut down Drive, its cloud storage service launched in March 2011, at the end of 2023 to focus “on photos and video storage with Amazon Photos” — In an email to customers this morning, Amazon announced that its “Drive” cloud storage service is shutting down at the end of 2023.
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Thurrott, SiliconANGLE, TechCrunch, The Verge, Android Central, Neowin, iPhone in Canada Blog, Phandroid, iDownloadBlog.com, GeekWire, AFTVnews, Tom's Hardware, and SlashGear
Tweets: @davewiner, @om, and @killedbygoogle
| Bloomberg: |
The SEC adds Alibaba to a list of Chinese companies facing delisting in three years if they don't comply with US auditing standards; Alibaba's stock is down 9%+ — Alibaba Group Holding Ltd. has moved a step closer toward getting booted off US stock exchanges for American inspectors not being able to access to financial audits.| Joseph Cox / VICE: |
Canadian coffee chain Tim Hortons proposes offering customers a free hot drink and baked good as a settlement for collecting their location data for over a year — The wholesome Canadian chain caused a scandal when its privacy violation was revealed, and now it's proposing a free coffee and a baked good as restitution.| David E. Sanger / New York Times: |
As Congress debated the $280B CHIPS Act for 13 months, China's semiconductor industry surged ahead, making a 7nm chip that may be based on, or stolen from, TSMC — While Congress argued over whether and how to support American chip makers and research in other technologies China was surging ahead.| Annie Massa / Bloomberg: |
An interview with Robinhood CEO Vlad Tenev on the company's post-IPO stock plunge, catering to its most active users, job cuts, reining in expenses, and more — A relaxed vibe envelops Robinhood Markets Inc.'s California headquarters, where employees stroll in pairs around a lush courtyard of cacti …
More:
Protocol
| Olivia Solon / Bloomberg: |
Sources: a Chinese government PR unit asked for a stealth TikTok account targeting Western audiences with propaganda; TikTok declined the “sensitive” request — A Chinese government entity responsible for public relations attempted to open a stealth account on TikTok targeting Western audiences …
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Insider, The Guardian, PCMag, and Fortune
Tweets: @oliviasolon, @ebakerwhite, @marahvistendahl, @lmatsakis, @byron_wan, @zoeschiffer, @mikeelgan, @mmasnick, @oliviasolon, and @martinsfp
| Chance Miller / 9to5Mac: |
Apple expands App Store ads from the Search tab and Search results to the App Store's Today homepage and individual app pages — Apple is expanding its advertising business and adding two new ad slots to the App Store. Currently, the App Store has two ad slots: one on the main ‘Search’ tab and one in the Search results.| Pete Schroeder / Reuters: |
US banking regulators order Voyager Digital to cease and desist from making “false and misleading” claims that its customers' funds were insured by the FDIC — U.S. banking regulators have ordered crypto firm Voyager Digital to cease and desist from making “false and misleading” … | Paul Alcorn / Tom's Hardware: |
Intel is winding down its Optane memory business, incurring a $559M inventory impairment; Optane is the sixth non-core business Intel CEO Pat Gelsinger has sold — 3D XPoint at the last crossroad. — Intel's Q2 2022 earnings report today was uncharacteristically disappointing …
More:
CRN, Gizmodo, DCD, The Register, AnandTech, Appuals.com, PCWorld, TechRadar, Neowin, ServeTheHome, PCMag, and VideoCardz.com. Tweets: @cscotta. Thanks:@paulyalcorn
| Jordan Novet / CNBC: |
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Intel, SemiAnalysis, Tom's Hardware, Reuters, Windows Central, Fabricated Knowledge, Bloomberg, The Verge, VentureBeat, TechCrunch, TechCircle, Finbold, TechSpot, Computerworld, Coinspeaker, Fast Company, Silicon Republic, HotHardware, Fossbytes, The Register, Wall Street Journal, HPCwire, Investor's Business Daily, and Bloomberg
Tweets: @stevesi, @patrickmoorhead, @benbajarin, @dylan522p, @markhachman, @baldingsworld, @dylan522p, @dylan522p, @niubi, @tculpan, @jonmasters, @jonmasters, and @donal888
| Apple: |
Apple reports record Q3 revenue of $83B, up 2% YoY, vs $82.8B est., net income down 11% to $19.4B, iPhone revenue up 3% to $40.7B, Mac revenue down 10% to $7.4B — iPhone and Services drive June quarter record revenue — Active installed base of devices reaches all-time high for all major product categories
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Wall Street Journal, Macworld, Moneycontrol, AppleInsider, Apple, 9to5Mac, ZDNet, TechSpot, CNBC, Bloomberg, CNBC, Bloomberg, The Indian Express, The Economic Times, SiliconANGLE, The Verge, CRN, Australian Financial Review, Thurrott, iMore, and CNBC
Tweets: @emilychangtv, @patrickmcgee_, @joannastern, @ophirgottlieb, @benbajarin, @stevekovach, @trengriffin, @divestech, @sirsteven, @chandrarsrikant, @jimcramer, @carnage4life, @stevekovach, @carnage4life, @carnage4life, @neiltwitz, @benbajarin, @bleedsixcolors, @bleedsixcolors, @charliebilello, @stevekovach, and @benbajarin
| Reuters: |
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SiliconANGLE, CNET, DCD, Gizchina, Silicon Republic, Philip Elmer‑DeWitt, Six Colors, WRAL TechWire, TheStreet, London Evening Standard, MacRumors, iMore, MacRumors, Insider, and 9to5Mac. Tweets: @markgurman
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