Techmeme
July 24, 2019, 6:25 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
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 …
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 …
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.
The Keyword:
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 …
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
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 …

Sponsor Posts

Smartsheet:
Strategies for shutting down SaaS sprawl  —  Managing a chaos of apps steals focus away from IT leaders who are increasingly helping to drive business.  Read the report.
TWiT.tv:
Protect Yourself from SIM Jacking  —  SIMjacker allows attackers to hijack any phone just by sending it an SMS message.  Steve Gibson explains how it works on the Security Now podcast.
Zoho:
Six ways to use shapes to create a compelling presentation in Zoho Show  —  Ideas come in all shapes and sizes—be it an extra fold to help your paper plane fly a few inches further, or an equation that changes …
AWS Startups:
How Daivergent Is Helping Autistic People with Careers in Tech  —  Founded in 2017 by Byron Dai and Rahul Mahida, Daivergent's platform connects AI companies with high-volume data needs to a remote workforce comprised of people with autism.
Google Fi:
Google Fi - a phone plan, by Google  —  We felt that most phone plans just weren't made with you in mind.  So that's why we built Google Fi with features that real people actually want.  Click to learn more.
TechCrunch Disrupt SF:
Will Smith and Ang Lee are coming to Disrupt SF this October 2-4  —  We'll talk to Lee and Smith about what it was like working with these effects, and how else they could change the way movies get made.
Intel:
Here's how Intel is powering breakthrough research in astronomy, medicine, AI and beyond  —  Fastest supercomputer in academia - Frontera, is based on 2nd generation Intel® Xeon® Scalable processors.

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Alex Kantrowitz / BuzzFeed News:
Brent Kendall / Wall Street Journal: