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July 13, 2019, 11:05 AM
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| 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
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Washington Post, Wired, CNBC, The Verge, TechCrunch, Axios, BetaNews, AppleInsider, The Hacker News, MSPoweruser, Neowin, Politico, Business Insider, KTLA, Vox, The Daily Dot, Slate, TechSpot, Mashable, Variety, iDownloadBlog.com, Digital Trends, Adweek, Tom's Guide, ZDNet, Telegraph, PYMNTS.com, Komando.com, NBC News, Quartz, Newser, Gizmodo, CNN, The Hill, CNET, Android Authority, MacRumors, Engadget, Business Insider, 9to5Mac, Reuters, Ars Technica, and Beyond Search
Tweets: @mikeisaac, @realdanstoller, @davidcicilline, @realdanstoller, @pkafka, @mims, @realdanstoller, @ashk4n, @sivavaid, @elibietti, @senwarren, @mathewi, @robmanuel, @heynottheface, @tonyromm, @leojtravis10, @waltmossberg, @wolfiechristl, @nytopinion, @jason_kint, @senblumenthal, @sheeraf, @tonyromm, @tonyromm, @shahmiruk, @eisingerj, @aprilaser, @hshaban, @rickhholland, @richardjnieva, @matthewstoller, @dellcam, @cwarzel, @anildash, @reckless, @deandechiaro, @geoffreyfowler, @joshconstine, @matthewstoller, @matthewstoller, @profcarroll, and @ashk4n
| 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 …
More:
The Verge, The Register, Axios, Inc42 Media, Business Insider, BBC, Marketing Land, Howard Lindzon, and TechCrunch. Tweets: @karaswisher
| Julia Carrie Wong / The Guardian: |
Critics say the FTC's $5B settlement with Facebook is a “parking ticket” to the company, which had more than $15B in revenue in the first three months of 2019 — The $5bn fine would be the largest ever levied by the Federal Trade Commission against a technology company
More:
VentureBeat, Business Insider, and Boing Boing
Tweets: @ideafaktory, @caseynewton, @joshelman, @ariezrawaldman, @czedwards, and @johnwilson
| 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.
More:
InsideBitcoins.com, Observer, Ethereum World News, Data Driven Investor, HackerNoon.com, CryptoSlate, NewsBTC, Wall Street Journal, Micky, NBC News, Hacked, The Next Web, Crypto.IQ, Slate, Tony Sheng, PaymentsSource, Trustnodes, USA Today, MIT Technology Review, Business Insider, PYMNTS.com, BitcoinExchangeGuide, Crowdfund Insider, Off The Chain, Bloomberg, Telecoms.com, CCN Markets, Bitcoin News, BGR India, The Daily Dot, TechSpot, CryptoGlobe, Cointelegraph, Bitcoinist.com, Finextra Research Headlines, Coinspeaker, Ars Technica, The Daily Hodl, CoinDesk, Bitsonline, and Blockonomi
Tweets: @realdonaldtrump, @realdonaldtrump, @realdonaldtrump, @brian_armstrong, @tonyromm, @buydigibyte, @peterschiff, @justinsuntron, @jespow, @officialmcafee, @arrington, @erikvoorhees, @benshapiro, @kimdotcom, @michaelmalice, @erikvoorhees, @jerrybrito, @nathanielpopper, @ceterispar1bus, @ncweaver, @matthew_d_green, @thestalwart, @arrington, @steventdennis, @warrendavidson, @mikejcasey, @aarondklein, @thekenyeung, @reckless, @reckless, @matthewstoller, @laurashin, @kyletorpey, and @jyarow
| 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 …
More:
Medium. Tweets: @travisv, @travisv, @travisv, @travisv, @travisv, @brianmcc, @thestalwart, @martinmignot, @davidsacks, @msuster, @amir, @rmac18, @kevinroose, @coryweinberg, @adamsinger, @tylertringas, @amir, @darth, and @edzitron
| Taylor Lorenz / The Atlantic: |
Less than a year after TikTok's US launch, the popularity of its stars at VidCon shows that it's poised to dominate the American social media landscape — Anaheim, Calif.—Last night, YouTube hosted its annual VidCon party, in one of the Anaheim Convention Center's large halls …
Tweets: @mattnavarra, @rachgutman, and @taylorlorenz
| Louise Matsakis / Wired: |
A look at Life360, a location-sharing app aimed at families, and conversations with teens who installed the app and their concerns about privacy and autonomy — SPEND ENOUGH TIME on the social media app TikTok, and you're bound to see a Life360 meme. That's because Life360 … | Ben Thompson / Stratechery: |
Shopify's ecosystem, with its own fulfillment network, may become the first true Amazon competitor by enabling merchants to succeed or fail on their own terms — While I am (rightfully) teased about how often I discuss Aggregation Theory, there is a method to my madness, particularly over the last year …
More:
USA Today
| Katie Hafner / New York Times: |
Fernando Corbató, a Turing Award recipient whose work on time-sharing systems paved the way for the PC, as well as the computer password, dies at 93 — Fernando Corbató, whose work on computer time-sharing in the 1960s helped pave the way for the personal computer …
Tweets: @rodneyabrooks
| Ingrid Lunden / TechCrunch: |
Amazon expands Transparency, its program to fight counterfeits by marking products with a QR-style code, to Europe, India, and Canada — Amazon is no stranger to the nefarious forces of e-commerce: fake reviews, counterfeit goods and scams have all reared their heads on its marketplace …
More:
Amazon.com, Inc., Zee Business, The Asian Age, Fox News, PYMNTS.com, and MediaNama
| 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.
Tweets: @fightextremism, @randfish, @nickmartin, @nickmartin, @russpitts, and @asankin. Thanks:@jstrauss
| Wall Street Journal: |
A look at how many founders and early-startup executives wrestle with issues like anxiety, drug addiction, insomnia, depression, and binge eating — The swashbuckling creativity that drives many entrepreneurs often comes with inner demons; on IPO day, dread and a cold wet suit
Tweets: @shalini, @scottmaustin, and @saraheneedleman
| Karen Weise / New York Times: |
How companies like Kenworth, ZF, and Team Inc., are using HoloLens and Microsoft Teams for employee training, and communication with frontline workers — CHILLICOTHE, Ohio — When Toby Bouska Jr. started assembling cabs for Kenworth semitrucks last year, he learned the ropes by observing longtime workers at the factory.
Tweets: @shiraovide, @sub8u, and @shiraovide
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Aspen Technology acquires Canadian startup Mnubo, which uses AI for IoT data analytics, for CAD$102M
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