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July 13, 2019, 2:30 PM
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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, New York Post, Wired, TechCrunch, CNBC, The Verge, Axios, TechSpot, The Hacker News, BetaNews, AppleInsider, Neowin, Politico, Business Insider, KTLA, Vox, The Daily Dot, Slate, Bloomberg, 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, @aclu, @realdanstoller, @mims, @sivavaid, @ashk4n, @waltmossberg, @shahmiruk, @tonyromm, @tonyromm, @tonyromm, @senwarren, @senblumenthal, @elibietti, @eisingerj, @aprilaser, @mathewi, @robmanuel, @heynottheface, @wolfiechristl, @leojtravis10, @jason_kint, @sheeraf, @nytopinion, @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 …
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New York Times, The Register, BitcoinExchangeGuide, Axios, Inc42 Media, Howard Lindzon, Business Insider, BBC, Marketing Land, TechSpot, and TechCrunch. Tweets: @karaswisher
| 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.
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MSPoweruser, VentureBeat, Boing Boing, and Daring Fireball
Tweets: @neil_chilson, @neil_chilson, @neil_chilson, @neil_chilson, and @caseynewton
| 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.
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BitcoinExchangeGuide, Data Driven Investor, InsideBitcoins.com, HackerNoon.com, Ethereum World News, Observer, CryptoSlate, NewsBTC, Micky, Wall Street Journal, NBC News, Hacked, Crypto.IQ, Slate, The Next Web, Tony Sheng, PaymentsSource, Trustnodes, USA Today, Business Insider, PYMNTS.com, MIT Technology Review, Crowdfund Insider, Off The Chain, Bloomberg, Telecoms.com, CCN Markets, Bitcoin News, The Daily Dot, BGR India, Cointelegraph, TechSpot, CryptoGlobe, Bitcoinist.com, Ars Technica, Finextra Research Headlines, Coinspeaker, The Daily Hodl, CoinDesk, Bitsonline, ALTCOIN MAGAZINE, Anycoin.news, Blockonomi, Firstpost Tech, Financial Times, Newser, NullTX, SiliconANGLE, SlashGear, Digital Trends, Modern Consensus, and Wired
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, @steventdennis, @warrendavidson, @arrington, @mikejcasey, @aarondklein, @thekenyeung, @reckless, @reckless, @matthewstoller, @laurashin, @kyletorpey, and @jyarow
| 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 …
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USA Today
| 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 …
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Medium and Boing Boing
Tweets: @travisv, @travisv, @travisv, @travisv, @travisv, @peteflint, @martinmignot, @brianmcc, @thestalwart, @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: @dhume, @mattnavarra, @rachgutman, @nikkisunstrum, 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 … | 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.| 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.
Tweets: @es_entrepreneur, @forbes, and @forbes
| 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.
Tweets: @jerrycap
| 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
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Aspen Technology acquires Canadian startup Mnubo, which uses AI for IoT data analytics, for CAD$102M
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