Techmeme
July 13, 2019, 2:30 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 …
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.
Julia Carrie Wong / The Guardian:
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:
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
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 …
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.

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Zoho:
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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:
Abner Li / 9to5Google: