Techmeme
July 13, 2019, 12:25 PM

Top News

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 …
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
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.
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 …
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
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 …
Sarah Perez / TechCrunch:
StreamElements: Twitch viewers live streamed 2.72B+ hours in Q2, compared with 735.54M hours on YouTube Live, 197.76M on Facebook Gaming, and 112.29M on Mixer  —  Twitch continues to lead rivals including YouTube Live, Facebook Gaming, and Microsoft's Mixer when it comes to live streaming video.
Nathan Vardi / Forbes:
Profile of businesswoman Hanzade Dogan-Boyner, founder of Turkey's largest e-commerce site Hepsiburada, with $786M in 2018 revenue, as it tries to expand abroad  —  On a mild winter morning, Hanzade Dogan-Boyner rushes into her office on the fourth floor of the Trump Towers in Istanbul, overlooking the historic city's skyline.

Sponsor Posts

Smartsheet:
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TWiT.tv:
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Zoho:
The Partner's guide to marketing on LinkedIn  —  What is LinkedIn® really?  —  It's a question that keeps popping up from time to time, is it a social media site for professionals?  —  Is it a platform for job seekers and recruiters to meet?
Intel:
The Future of Gaming is About More Than Just Processors  —  When it comes to making the PC the best place to play, you have to give developers the tools they need, provide real world performance and anticipate what's next.

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More News

Ortenca Aliaj / Financial Times:
Aaron Sankin / Gizmodo:

Earlier Picks

Mary Jo Foley / ZDNet:
Wolfie Zhao / CoinDesk:
Sarah Perez / TechCrunch:
Emil Protalinski / VentureBeat:
Anthony Ha / TechCrunch:
Abner Li / 9to5Google: