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July 24, 2019, 8:10 PM
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| Tony Romm / Washington Post: |
FTC announces a $5B fine against Facebook for repeated privacy violations as part of a settlement that requires federal oversight of its business practices — The settlement between the Federal Trade Commission and Facebook ends a 16-month probe that began after revelations of the tech giant's entanglement with Cambridge Analytica
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Federal Trade Commission, Facebook, CNBC, New York Times, Wall Street Journal, Axios, NBC News, Slate, CNBC, The Verge, Adweek, TechCrunch, Techdirt, VentureBeat, Digital Trends, CNET, Ars Technica, PCWorld, Bloomberg, NPR, TIME, Yahoo Finance, The Daily Dot, Pocket-lint, Social Media Today, Vox, Fox News, Boing Boing, Wired, Quartz, Business Insider, Reuters, CNBC, The Next Web, AppleInsider, The Register, OnMSFT.com, PYMNTS.com, ZDNet, ABC News, Tom's Guide, Android Central, SlashGear, SiliconANGLE, Silicon Republic, Engadget, The Hacker News, Mashable, 9to5Mac, BleepingComputer, Politico, Open MIC, MSPoweruser, iDownloadBlog.com, WinBuzzer, GeekWire, iPhone Hacks, Inquirer, CBS New York, gHacks Technology News, The Verge, CNN, and Cult of Mac
Facebook: Mark Zuckerberg and Facebook
Tweets: @ftc, @ashk4n, @chopraftc, @ashk4n, @rkslaughterftc, @nickconfessore, @chopraftc, @chopraftc, @chopraftc, @reckless, @b_fung, @ewarren, @facebook, @karunanundy, @senwarren, @rkslaughterftc, @ow, @sarahfrier, @daveleebbc, @pkafka, @wongmjane, @matthewstoller, @fercany, @dylanbyers, @donie, @jason_kint, @tonyromm, @sarahfrier, @nickconfessore, @ftcphillips, @rkslaughterftc, @tonyromm, @tonyromm, @rmac18, @mikeisaac, @chopraftc, @stevekovach, @chopraftc, @cat_zakrzewski, @tonyromm, @tonyromm, @kottke, @peard33, @donie, @janschakowsky, @rkslaughterftc, @nickconfessore, @ftcphillips, and @rkslaughterftc. Thanks:@tonyromm
| Jon Fingas / Engadget: |
Facebook agrees to pay a $100M fine to the SEC over charges of making “misleading disclosures” related to the Cambridge Analytica scandal — Facebook isn't just settling with the FTC over the Cambridge Analytica data scandal. The social network has also agreed to pay …
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U.S. Securities …, Federal Trade Commission, Axios, Vox, Variety, Tubefilter, Boing Boing, Reuters, Bloomberg, Business Insider, and CNET
| Bloomberg: |
FTC's Facebook settlement does little to hamper the company's ad business or data collection practices, mostly re-committing Facebook to previous goals — - Social media giant agreed to ‘changes’ it's already made — Massive data collection, ad targeting won't be affected
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Business Insider, Washington Post, CNET, TIME, The Verge, and NBC News
| Ingrid Lunden / TechCrunch: |
Facebook cuts off access to friend data for Microsoft and Sony, the last two of its legacy partners, under FTC deal, says allowing them access was “our mistake” — One more consequence of the FTC's investigation of Facebook, which culminated in a record $5 billion settlement announced today …
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Facebook, The Information, TechCrunch, Bloomberg, Engadget, Gizmodo, Reuters, Business Insider, WinBuzzer, FutureSin, and CNET
Tweets: @shiraovide and @ingridlunden
| Charlie Warzel / New York Times: |
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Washington Post and OneTrust
Tweets: @devindra, @max_read, @privacyproject, @max_read, @matthewstoller, and @mdudas
| Facebook: |
Facebook reports Q2 revenue of $16.9B, up 28% YoY, as ad revenue rises 28% YoY to $16.6B; MAUs rose 8% YoY to 2.41B, as average DAUs rose 8% YoY to 1.59B — Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter ended June 30, 2019. — “We had a strong quarter …
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The Register, Business Wire, GeekWire, ZDNet, CNN, TechCrunch, SiliconANGLE, Engadget, Business Insider, Business Insider, CNBC, TechSpot, Variety, Bloomberg, and Digital Trends
Tweets: @alexeheath, @alexeheath, @jyarow, @alex, @carolinehydetv, @mikeisaac, @qwongsj, @sarahfrier, @mikeisaac, @sarahfrier, @cnbc, @kurtwagner8, @alexeheath, @kurtwagner8, @thestreet, @stevekopack, and @kristinaparts
| Harry McCracken / Fast Company: |
As Google Photos crosses the billion-user threshold, Anil Sabharwal, the Google VP who led its creation, shares how the app was spun out of Google+ — In a tech industry obsessed with scale, no aspiration is more iconic than building something that reaches a billion users.
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The Keyword, Android Police, TechSpot, The Verge, 9to5Google, and Engadget
| The Keyword: |
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The Verge, 9to5Google, Tom's Guide, Android Authority, CrackBerry.com, Droid Life, gHacks Technology News, Neowin, BGR, Engadget, XDA Developers, and VentureBeat
Tweets: @sundarpichai and @anilfromoz
| Eli Blumenthal / CNET: |
AT&T plans another new video streaming service, AT&T TV, which it will pilot in select markets this summer — AT&T's video struggles may be continuing to worsen, but that doesn't mean the company has stopped trying to find new ways to get people to watch television.| Richard Lawler / Engadget: |
DoorDash CEO to change tipping policy “in the coming days”, says it will add all customer tips to driver's earnings, after a renewed backlash — Earlier this year, news reports exposed that not only did DoorDash (and others, like Instacart) sometimes lower its payout to delivery workers …
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New York Times, USA Today, Gizmodo, NBC News, Ars Technica, VICE, Fortune, TechSpot, Mercury News, KnowTechie, The Daily Dot, Quartz, CNET, Business Insider, TechCrunch, and Fast Company
Tweets: @t_xu, @t_xu, @t_xu, @t_xu, @fmanjoo, @jrivanob, @jeneps, @porters, @digiphile, @alexqgb, @bizcarson, @mtsw, @yashar, @teddyschleifer, and @kevinroose
| Joanna Nelius / PC Gamer: |
VideoLAN says a VLC security issue shared by CERT-Bund is not as severe as reported and is in a third-party library that was fixed 16+ months ago — The vulnerability was apparently due to a 3rd party library. — Update 7/24: VideoLAN took to Twitter earlier this morning to clarify …
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Gizmodo, Firstpost Tech, MSPoweruser, and Tom's Hardware
Tweets: @videolan, @dominictarason, and @swiftonsecurity
| Bowdeya Tweh / Wall Street Journal: |
In a rebuke to Peter Thiel, Treasury Secretary Steven Mnuchin says that Google's work with China raises no national security concerns — Findings rebuke claims made by billionaire investor Peter Thiel — Treasury Secretary Steven Mnuchin said he and President Trump have found …
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Engadget
| Andrew Gebhart / CNET: |
Google confirms the Google Nest Hub Max, its $229 10-inch smart display, will be released on September 9 in the US, UK, and Australia — First announced in May at Google I/O and promised for this summer, the Google Nest Hub Max now has an official release date.
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Digital Trends, 9to5Google, XDA Developers, Engadget, Tom's Guide, Mashable, Chrome Unboxed, and Inquirer
| Lauren Feiner / CNBC: |
Filings: Arianna Huffington and Benchmark's Matt Cohler are resigning from Uber's board of directors; Uber's first employee, Ryan Graves, left the board in May — KEY POINTS — Thrive Global CEO Arianna Huffington and Benchmark General Partner Matt Cohler told Uber of their intentions …
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Axios, TechCrunch, CNN, Business Insider, and SEC.gov
Tweets: @ariannahuff, @dkhos, @levynews, and @jowens510
| Manish Singh / TechCrunch: |
Netflix launches a $2.80 per month mobile-only subscription plan in India, restricted to one mobile device at 480p standard definition — Netflix has a new plan to win users in India: make its service incredibly cheap. The streaming giant today introduced a lower-priced mobile plan in the country that costs Rs 199 ($2.8) per month.| Kyle Wiggers / VentureBeat: |
GM's Cruise says it will not meet its 2019 target to deploy a commercial robotaxi service in San Francisco, citing performance and safety concerns — GM's Cruise is postponing plans for a fully driverless taxi service, which it previously said would launch by year-end 2019.| Natalie Gagliordi / ZDNet: |
PayPal reports Q2 revenue of $4.31B, up 12% YoY, net income of $823M, up 56% YoY, but guidance below analyst expectations; stock down 6%+ after hours — PayPal said the change in its 2019 revenue forecast is due to delays in product integrations and pricing changes as well as currency pressures.| Catalin Cimpanu / ZDNet: |
Robinhood admits to storing some passwords in cleartext, says the issue is now resolved, and is emailing affected customers and recommending a password reset — Issue is now resolved and the company is emailing affected customers and recommending a password reset.
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Business Insider, TechCrunch, and CNET
| Janko Rottgers / Variety: |
Amazon launches a dedicated Prime Video VR app, available for Oculus Go, Quest, and Samsung Gear VR headsets in the US and UK — Oculus VR headset users just got one more video service to watch in their virtual living rooms: Amazon's Prime Video service went live on Oculus Go …
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Engadget, Oculus Blog, Windows Central, and VentureBeat
| Wall Street Journal: |
Sources: ahead of expected approval of the T-Mobile-Sprint merger, SoftBank's board will greenlight a $40B investment into its forthcoming second tech fund — SoftBank has been raising cash for the sequel to its $100 billion Vision Fund — Fresh from expected government approval for the sale …
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TechCrunch and Business Insider
Tweets: @kateclarktweets, @susanthesquark, @lizrhoffman, and @sallyshin
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