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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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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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