| Chance Miller / 9to5Mac: |
In memo to employees, CEO Tim Cook calls Apple's $1T market cap a significant milestone, but not the most important measure of success — Following Apple's milestone crossing of $1 trillion in market value earlier today, Tim Cook has sent a full memo to employees, calling the value a “milestone” but nothing the company focuses on...| Joe Rossignol / MacRumors: |
Apple becomes the world's only company with a $1T market cap — Apple has officially become the world's only trillion dollar publicly traded company, in terms of market capitalization, which is simply the company's number of outstanding shares multiplied by its stock price.| Todd Spangler / Variety: |
Comcast and Amazon reach a deal to integrate Prime Video into Comcast's Xfinity X1 service; Comcast expects to launch Prime Video on X1 later this year — Comcast and Amazon reached a deal to bring Prime Video to the cable company's Xfinity X1 service — the first time Amazon's premium … | Maureen Farrell / Wall Street Journal: |
Video streaming stationary bike maker Peloton raises $550M led by TCV, sources say at a $4.15B valuation, ahead of expected IPO in 2019 — Company raising $550 million in latest financing as it considers an IPO; investor calls it ‘the Netflix of fitness’ — Peloton Interactive Inc … | Natt Garun / The Verge: |
Motorola unveils modular 6-inch Moto Z3 with Snapdragon 835, 4GB RAM, dual cameras, and a 5G Moto Mod for upgrading to 5G, available on August 16 for $480 — We've already got a handful of new Moto phones this year, including some Amazon exclusives, and today Motorola is adding yet another device to the list: the Moto Z3.| Kara Swisher / New York Times: |
Now that Facebook and other platforms have become “digital arms dealers”, Zuckerberg takes a crash course in free speech and propaganda, at a cost to the public — They have weaponized social media, and we are all paying the price. — Let me first state that I actually … | Jon Brodkin / Ars Technica: |
FCC approves new One Touch Make Ready rule that lets companies prepare utility poles themselves for new fiber services — One Touch Make Ready prevents big ISPs from delaying competitors' construction. — The Federal Communications Commission today approved new rules that could let Google Fiber … | Washington Post: |
Activists accuse Facebook of suppressing free speech after it removed an event listing it said was part of a disinformation effort with possible ties to Russia — SAN FRANCISCO — Left-leaning political activists accused Facebook of censorship when the social media giant removed an event listing … | Sara Salinas / CNBC: |
Sonos closes its first day of trading at $19.91, up 32% from its initial price of $15, giving the company a valuation of about $1.95B after today's IPO — - Sonos markets its high-end, web-connected speakers to audiophiles and music fans as the speaker industry moves toward smart assistants made by Amazon and Google.| Devin Coldewey / TechCrunch: |
After a nearly year-long ban, Google will now allow ads to run on addiction-related keywords and phrases, starting with ads from close to 100 vetted providers — Google will soon allow ads to run on addiction-related keywords and phrases after a nearly year-long ban instituted to crack … | Leticia Miranda / BuzzFeed News: |
Amazon says it removed products promoting racist propaganda, including a baby's onesie with a burning cross image, in response to letter from Rep. Keith Ellison — After scrutiny from a Congress member in July, Amazon has removed a number of products promoting racist propaganda from its site … | Monica Mercuri / Billboard: |
Bytedance merges lip sync app Musical.ly, which it bought in November 2017, into its Tik Tok app, which has a new interface for easier video capture and editing — Musical.ly's new owner decides to nix the name and migrate the app's 100 million monthly active users to TikTok.| Robert Hackett / Fortune: |
HYAS, an infosec startup that identifies cybercriminals and helps law enforcement track their location, raises $6.2M Series A led by Microsoft's M12 — Microsoft is leading a multimillion-dollar investment in Hyas, an information security startup that identifies and helps take down cybercriminals.| Makena Kelly / The Verge: |
IDC: in Q2, global tablet shipments were 33M, down 13.5% YoY; Huawei and Apple are the only companies that saw growth at 7.7% YoY and 0.9% YoY respectively — Other tablet makers like Amazon and Samsung, however? Ouch — The worldwide tablet market has been declining year after year for what feels like... forever.
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