Techmeme
July 13, 2019, 7:15 PM

Top News

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.
Josh Constine / TechCrunch:
Nilay Patel / The Verge:
Facebook has done nothing but behave badly from inception, and it has only ever been slapped on the wrist by authority figures and rewarded by the market  —  Facebook gets away with it again  —  Facebook's stock went up after news of a record-breaking $5 billion FTC fine for various privacy violations broke today.
Emily Glazer / Wall Street Journal:
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
Karen Chiu / Abacus:
Facial recognition software maker Megvii branches out into dog tracking, says its app can use a phone camera to identify dogs by their snouts, with 95% accuracy  —  Megvii says it can identify individual dogs by scanning their noses  —  If you're a dog lover, you probably don't need convincing that your furry friend is like no other.
More: The Verge
AJ Dellinger / Engadget:
Online education platform K12.com has left 7M records, including name, email, age, what school the student attends, and authentication keys, exposed online  —  K12.com, an online education platform, inadvertently exposed the personal information of nearly seven million students, according to security researchers at Comparitech.
Eric Newcomer / Bloomberg:
Amazon's plan to spend $700M to retrain 100,000 employees by 2025 translates to $1,077 per person per year; the average organization spends an estimated $1,296  —  Amazon.com Inc. is amazing at turning mundane corporate management decisions into global news events.  —  Many retailers host annual sale events.
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 …
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 …

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