Techmeme
June 3, 2019, 12:00 AM

Top News

Tony Romm / Washington Post:
Sources: FTC and DOJ have reached an agreement to divvy up antitrust oversight of Google and Amazon, putting Amazon under FTC's watch and Google under DOJ's  —  Antitrust regulators have divvied up oversight of Amazon and Google, putting Amazon under the watch of the Federal Trade Commission and Google under the Justice Department.
Bloomberg:
Sources: Infineon nears deal to buy Cypress Semiconductor for $23-$24/share; the San Jose-based chipmaker had market cap of $6.5B and closed at $17.82 on Friday  —  - Transaction likely to value Cypress at $10 billion with debt  — German chipmaker could pay $23 to $24 per share for Cypress
More: Reuters
New York Times:
Boeing changed 737 Max's anti-stall software, which initially relied on two types of sensors, to rely on just one in the last version, without disclosing to FAA  —  SEATTLE — The fatal flaws with Boeing's 737 Max can be traced to a breakdown late in the plane's development, when test pilots …
Meir Orbach / CTech - 24/7:
PE firms Francisco Partners and Israel Growth Partners to acquire LiveU, an Israel-based developer of live broadcasting and streaming tech, for $200M  —  LiveU develops live broadcasting and streaming technologies negating the need for an outside broadcasting van, as the video is transmitted directly …
Benjamin Herold / Education Week:
US schools are hastily adopting programs for monitoring students' social media activity to improve safety, often with little regard for effectiveness or privacy  —  Last December, early on a Sunday morning, Amanda Lafrenais tweeted about her cats.  —  “I would die for you,” the 31-year old comic book artist from Clute, Texas wrote.
Adam Engst / TidBITS:
Apple's Dark Mode, despite marketing claims, is at odds with the science of human visual perception and affects productivity by making it harder to read text  —  Dark Mode is the marquee feature of macOS 10.14 Mojave.  Apple even gives it the top spot on the macOS product page, saying:
Tom Warren / The Verge:
YouTube, Snapchat, Gmail, Discord, and many other services were down throughout US during a major Google Cloud service outage, now resolved after 4+ hours  —  YouTube, Snapchat, Gmail, Nest, Discord, and a number of other web services suffered from major from outages in the US today.
Kyle Wiggers / VentureBeat:
Sitetracker, a project and physical asset management platform with clients like Alphabet and Verizon, raises $10M, extending the $24M Series B it raised in 2018  —  How does a telecom, retailer, or utility company keep tabs on multimonth projects spanning dozens or thousands of sites?
Associated Press:
US court sentences Phantom Secure CEO to nine years in prison for selling encrypted phones to criminals and routing encrypted text messages via overseas servers  —  SAN DIEGO (AP) — A Canadian man who sold encrypted Blackberry smartphones to criminals worldwide that enabled them to sell drugs …
Manish Singh / TechCrunch:
True Balance, a wallet app used in India's tier-two and tier-three markets, which has raised a total of $42M, says it now has ~60M users and $100M in GMV sales  —  Away from the limelight of urban cities, where an increasingly growing number of firms are fighting for a piece …

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Lucas Shaw / Bloomberg:
Kyle Wiggers / VentureBeat:
Saagar Enjeti / The Hill:
South China Morning Post: