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July 29, 2022, 3:05 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 …
More:
Meta, PYMNTS.com, GamesIndustry.biz, and The Verge
Tweets: @scottlincicome, @carlszabo, @tedfrank, @dwcaprio, @ericjackson, @amir, @adamkovac, and @gregstohr
| 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, and MarketWatch
Tweets: @benedictevans, @jimprosser, @moonalice, @enbrown, @enbrown, @blakereid, @enbrown, @liroyleshed, @anshelsag, @daveleeft, @binarybits, @glenweyl, @kevinakwok, @enbrown, @ctbeiser, @gpanger, @benz145, @binarybits, @enbrown, @choo_hehimlvl3, @julieinannap, @enbrown, @enbrown, @onekade, @johnnyryan, @adamkovac, @karlbode, @veenadubal, @karlbode, @kerrymflynn, @ronmknox, and @ftc
| 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, Washington Post, CNBC, CNN, TechCrunch, MobileSyrup, Reuters, Barron's Online, International Business Times, Neowin, Engadget, and Tech Xplore
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 … | 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| Reuters: |
More:
DCD, SiliconANGLE, CNET, London Evening Standard, MacRumors, iMore, MacRumors, Financial Times, 9to5Mac, and Bloomberg. Tweets: @markgurman
| Kif Leswing / CNBC: |
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TechCrunch, TechCrunch, 9to5Mac, Philip Elmer‑DeWitt, Six Colors, 9to5Mac, Telecoms.com, Coinspeaker, Silicon Republic, MacStories, iThinkDifferent, Gizchina, Fast Company, Patently Apple, AppleInsider, Neowin, BGR India, Daring Fireball, WRAL TechWire, TheStreet, Apple Must, PYMNTS.com, MacRumors, Reuters, iThinkDifferent, iPhone in Canada Blog, Thurrott, Insider, SlashGear, MobileSyrup, Macworld, Philip Elmer‑DeWitt, Engadget, The Hollywood Reporter, Axios, iDownloadBlog.com, and CNET
Tweets: @patrickmcgee_, @joannastern, @benbajarin, @jason_kint, @trengriffin, @divestech, @munster_gene, @neilcybart, @neilcybart, @jimcramer, @neilcybart, @neilcybart, @trungtphan, @lapcatsoftware, @stroughtonsmith, @divestech, @divestech, @neilcybart, @neilcybart, @neilcybart, @samifathi_, @neilcybart, @mingchikuo, @ron_miller, @epro, and @anthony
| 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.
Tweets: @taylor_owen, @kantrowitz, @rahulmehrotraa, @martinsfp, @jason_koebler, @kenwattana, and @josephfcox
| 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 …
More:
Insider, The Guardian, and PCMag
Tweets: @oliviasolon, @ebakerwhite, @marahvistendahl, @lmatsakis, @byron_wan, @zoeschiffer, @mikeelgan, @mmasnick, @oliviasolon, and @martinsfp
| 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.
More:
Thurrott, TechCrunch, GeekWire, The Verge, AppleInsider, Tom's Hardware, SlashGear, and AFTVnews
Tweets: @om, @davewiner, and @killedbygoogle
| 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” …
More:
CoinDesk, Board of Governors …, PYMNTS.com, Protocol, Bloomberg, CoinGape, Bitcoin News, CryptoSlate, Cryptonews, Decrypt, Cointelegraph, Micky, and Web3 is going just great. Tweets: @claritytoast
| 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.| Richard Lawler / The Verge: |
In an email to Twitter Blue subscribers, Twitter says it is increasing the price of the service; in the US, the price will jump from $2.99 to $4.99 per month — Who would pay for Twitter? — People frequently express their amazement that Twitter is free, but for some people, it isn't …
More:
TechCrunch, Gizmodo, Android Police, 9to5Mac, Thurrott, Digital Trends, The Shortcut, XDA Developers, MSPoweruser, Droid Life, Neowin, PCMag, KnowTechie, Engadget, BetaNews, Phandroid, Mashable, and Pocket-lint
| Bloomberg: |
SEC adds Alibaba to a list of Chinese companies facing delisting in three years if they fail to comply with US auditing standards; Alibaba 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.| 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, DCD, The Register, PCWorld, AnandTech, Appuals.com, TechRadar, Neowin, ServeTheHome, and VideoCardz.com. Tweets: @cscotta. Thanks:@paulyalcorn
| Jordan Novet / CNBC: |
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Intel, SemiAnalysis, Reuters, Tom's Hardware, Windows Central, Bloomberg, Fabricated Knowledge, Computerworld, Silicon Republic, The Verge, TechSpot, HotHardware, TechCircle, Finbold, Coinspeaker, Fossbytes, Wall Street Journal, The Register, HPCwire, PCMag, Thurrott, and Investor's Business Daily
Tweets: @patrickmoorhead, @stevesi, @benbajarin, @dylan522p, @dylan522p, @tculpan, @jonmasters, @dylan522p, @markhachman, @niubi, @baldingsworld, @jonmasters, and @donal888
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