| Adi Robertson / The Verge: |
Magic Leap headset first look: functional and thoughtfully-designed, with some advantages over competitors, but not a radical step forward nor a magical advance — When you write about augmented reality headsets, you're supposed to start by describing something impossible … | Scott Stein / CNET: |
Magic Leap's One Creator Edition AR headset launches for select users for $2,295+ online; each device must be set up in person via white glove service Enjoy — The Magic Leap One AR headset is out now for $2,295, but not everywhere — Surprise! But there's a good chance you still may not be able to buy it.| Jessi Hempel / Wired: |
Interview with Magic Leap CEO Rony Abovitz as its AR headset launches, on the company's over-hyped marketing, developing for the headset, and more — Over the past few years, onetime supporters have grown skeptical of Magic Leap's mythical augmented reality product.| Josh Constine / TechCrunch: |
Snap reports Q2 revenue of $262.3M, up 44% YoY, vs. $249.8M est., and 188M DAUs, up 8% YoY but down from 191M in Q1; stock down 6%+ — The Stories War has officially killed Snapchat's growth. In Q2 2018 earnings today, Snapchat's daily user count shrank 1.5 percent to 188 million this quarter … | Troy Wolverton / Business Insider: |
Saudi Prince Alwaleed gradually built up a 2.3% stake in Snap, spending $250M through May 25; he paid ~$11/share as Snap's price bottomed out at $10.50 in May — - Saudi Arabian Prince Alwaleed Bin Talal announced Tuesday he's taken a 2.3% stake in Snap — a deal worth about $250 million.| Marc Vartabedian / Wall Street Journal: |
| Josh Constine / TechCrunch: |
Facebook launches two AR games for Messenger video chat that can be played with up to six people — Facebook is diving deeper into in-house game development with the launch of its own version of Snapchat's multiplayer augmented reality video chat games. Today, Facebook Messenger globally launches … | David French / New York Times: |
Given the malleability of the “hate speech” label, tech companies should use libel and slander legal standards when removing content like Infowars — “Hate speech” is extraordinarily vague and subjective. Libel and slander are not. — Mr. French is a First Amendment litigator and senior writer for National Review.| John Whitehouse / Media Matters for America: |
| Karl Bode / Motherboard: |
Study shows how millions of customers in the US with very slow broadband speeds are paying the same price as those with much faster speeds — Most Americans pay roughly the same price for their internet connection, even if their service is painfully slow. — Despite the ample hype … | Clifton Leaf / Fortune: |
Salesforce names Keith Block, the company's vice chairman and president, co-CEO alongside Marc Benioff — Salesforce announced this evening that Keith Block, the company's vice chairman and president, would become co-CEO alongside Marc Benioff, the socially minded billionaire who has led … | Bloomberg: |
Sources: SoftBank is in talks to invest $500M to $750M in Zume, a California-based startup with delivery trucks that prepare fresh robot-made pizzas en route — SoftBank Group Corp. is in talks to invest from $500 million to $750 million in Zume Inc., a startup that makes and delivers fresh pizzas … | TechCrunch: |
Sources: Slack is raising about $400M or more led by General Atlantic at a post-money valuation of at least $7B — Slack — the app that lets coworkers and others in professional circles chat with each other and call in data from hundreds of integrated apps in the name of getting more work done … | Meagan Flynn / Washington Post: |
Subpoena for Discord, the app used by white supremacists to plan the Charlottesville rally, could reveal their identities — In the months before the Charlottesville “Unite the Right” rally last August, a chat app called Discord was abuzz with alt-right agitators.| Wall Street Journal: |
Sources: Chinese truck-hailing platform Manbang, which has SoftBank and GV as investors, seeks to raise $1B+ at a $10B valuation, up from April's $6B+ valuation — Manbang Group is speaking to U.S.-based mutual funds and late-stage investors as it looks to raise $1 billion| Ingrid Lunden / TechCrunch: |
LetGo, the second-hand shopping app, raises another $500M from Naspers, the South African e-commerce and media firm, source says at a $1.5B+ pre-money valuation — LetGo, the app-based marketplace for people to sell each other second-hand goods, has nabbed a great deal of its own.| BuzzFeed News: |
Some freelancers say they must agree to opt-in to Upwork's Work Diary feature, which counts keystrokes and takes screenshots, to guarantee payments from clients — “I've never had a client expect to be able to look over my shoulder for every minute of every day," Florin told BuzzFeed News via direct message.| Jon Brodkin / Ars Technica: |
Trade group says Verizon lied about its 4G LTE coverage, potentially preventing smaller carriers from obtaining funding to expand in underserved rural areas — “Sham coverage map” could prevent rural carriers from getting network funding. — Verizon “grossly overstated” … | Josh Constine / TechCrunch: |
Patreon says it's acquiring white-labeled subscription service Memberful for an undisclosed sum, to be run as a separate business by its seven-person team — Patreon is forming a patronage empire. Today it acquired white-labeled subscription membership platform Memberful …
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| Marrian Zhou / CNET: |