| Emily Glazer / Wall Street Journal: |
Sources: in a 3-2 vote, FTC commissioners have approved a record $5B settlement with Facebook over the company's privacy violations — FTC commissioners broke along party lines, 3-2, with the Republican majority lining up to support the pact while Democratic commissioners objected| Cecilia Kang / New York Times: |
Sources: FTC settlement includes more comprehensive oversight of how Facebook handles user data, but no restrictions on how it collects and shares that data — The Federal Trade Commission voted this week to fine Facebook about $5 billion for mishandling users' personal information … | Richard Lawler / Engadget: |
Trump says cryptocurrencies including Facebook's Libra are “not money”, need to be regulated, citing their high volatility and facilitation of unlawful behavior — Just hours after a “social media summit,” the president's Twitter account posted a thread aimed at, of all things, cryptocurrency.| Mark Gurman / Bloomberg: |
Sources: Amazon is developing an Echo speaker with improved audio quality to rival Sonos, HomePod, for release next year, and ramping up work on its home robot — - Echo speaker to include improved audio to rival Sonos, HomePod — Wheeled robot, codenamed ‘Vesta,’ can be summoned by voice| Caroline Haskins / VICE: |
User manual for Palantir Gotham software, obtained via a FOIA request, shows the amount of information law enforcement can quickly access about any individual — Motherboard obtained a Palantir user manual through a public records request, and it gives unprecedented insight into how the company logs and tracks individuals.| Mary Jo Foley / ZDNet: |
Microsoft, after an outcry by many of its reseller partners, now says it will not charge them for internal use of the company's products and services — Microsoft is not going to eliminate internal use rights for partners who've been using software obtained as part of Microsoft's partner-program benefits … | Megan Rose Dickey / TechCrunch: |
Bird CEO says the company makes $1.27/ride on its new Bird Zero scooters, which make up 75% of the fleet, says $100M loss was a one-time accounting write-off — Bird has positive unit economics, CEO Travis VanderZanden said Friday in fiery response to a report from The Information … | Amber Neely / AppleInsider: |
Hulu, which removed support for 4K content in early 2018, brings back the feature for Hulu Originals, starting with Apple TV 4K and Chromecast Ultra — After quietly removing the feature in 2018, Hulu has brought back 4K to their streaming service —this time, exclusively to the Apple TV 4K and the Chromecast Ultra.| Wolfie Zhao / CoinDesk: |
Japanese cryptocurrency exchange Bitpoint says it was hacked for $32M in crypto assets, of which $23M belonged to its customers — Bitpoint, a licensed cryptocurrency exchange based in Japan, has been hacked for $32 million in crypto assets. — According to a CoinDesk Japan report on Friday … | Andrew J. Hawkins / The Verge: |
Ford and Volkswagen to expand their alliance to include autonomous vehicles; VW will invest $2.6B in Argo AI, the autonomous vehicle startup backed by Ford — VW will invest $2.6 billion in Argo AI, the Pittsburgh based autonomous vehicle startup backed by Ford| Adi Robertson / The Verge: |
How the Mastodon community is dealing with the influx of hateful content after Gab migrated to Mastodon's decentralized open source protocol — Over the past few years, Mastodon has become the model for a friendlier kind of social network, promising to keep out the hateful or ugly content … | Aaron Sankin / Gizmodo: |
Investigation finds 151 tech companies, including GoDaddy, Cloudflare, Google, and Amazon, offering hosting, DNS, or CDN services to sites spreading hate speech — This week, we're looking at the state of free speech on the internet, how we got here, and where we're going.| Adi Robertson / The Verge: |
Experts argue the ruling that said Trump can't block Twitter critics will be difficult and confusing to apply to other cases like Rep. Alexandria Ocasio-Cortez — Telling the president to unblock critics was easy, but interpreting the rule for other government accounts could be hard| Guillermo Jimenez / Decrypt: |
Operator of Bitcoin exchange Bitfunder sentenced to 14 months in jail for fraud and lying to investigators about a hack that cost clients 6,000 BTC in 2013 — Founder and operator of defunct bitcoin exchange Bitfunder gets 14 months jail time for lying to regulators about the loss of more than 6,000 bitcoins.| Naomi Nix / Bloomberg: |
US Court of Federal Claims dismisses Oracle's complaint, clearing the way for the Pentagon to award a $10B cloud contract to Amazon or Microsoft — Oracle Corp. lost its legal challenge to the Pentagon's $10 billion cloud contract on Friday after a Federal Claims Court judge dismissed … | Paul Sawers / VentureBeat: |
Umbrella raises a $5M seed round from Thrive, Sidewalk Labs, and others for its neighborhood services marketplace for seniors — Roughly 55 million people in the U.S. are 65 or older, which comes to around 16% of the population. Between the 2000 and 2010 census, the 65+ age group increased by 15.1% … | Sarah Perez / TechCrunch: |
YouTube unveils new ways for creators to make money, including Super Stickers for chats in livestreams and premieres and paid levels for Channel Memberships — YouTube is rolling out more ways for its creators to engage fans and generate revenue, the company announced today the VidCon event in Anaheim, California.
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