Techmeme
July 24, 2019, 10:25 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
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
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 …
Charlie Warzel / New York Times:
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 …
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 …
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:
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 …
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
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 …
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 …
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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