Techmeme
July 24, 2019, 11:40 PM

Top News

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
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 …
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 …
Bloomberg:
Dieter Bohn / The Verge:
Samsung says it has made “improvements” to protect the Galaxy Fold's screen and will release it in September, after delaying its April retail launch  —  New design improvements are meant to protect the fragile, flexible screen  —  Samsung has announced today that it has made …
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 …
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.
The Keyword:
Zack Whittaker / TechCrunch:
Tinder is rolling out Traveler Alert, which automatically hides profiles of LGBTQ+ users after they arrive in a country that criminalizes same-sex relationships  —  A new security feature rolling out on Tinder will help to protect LBGTQ+ users who travel to dozens of nations, which still criminalize same-sex acts or relationships.
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 …
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 …
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 …
More: Engadget
Elizabeth Dwoskin / Washington Post:
Facebook announces features aimed at reducing the spread of misinformation, such as reviewing little-known websites whose articles get surges of traffic  —  MENLO PARK, Calif. — For years, Facebook has built its algorithms to maximize engagement and clicks — a strategy that has helped …
Zack Whittaker / TechCrunch:
Researchers find that cryptocurrency loan site YouHodler exposed 86M lines of records, including unencrypted names and credit card numbers, for almost a month  —  A cryptocurrency loan startup exposed reams of customer credit cards and user transactions for almost a month — because it forgot to protect the server with a password.
Daisuke Wakabayashi / New York Times:
Alphabet lumps YouTube's revenue with Google's in filings, making insights hard to come by, though YouTube's annual revenue is likely $16B-$25B, topping Netflix  —  YouTube probably generates $16 billion to $25 billion in annual revenue, making the video service big enough to crack the top half of the Fortune 500.
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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