Techmeme
July 26, 2019, 6:10 AM

Top News

Apple:
Apple to acquire the majority of Intel's smartphone modem business in a transaction valued at $1B  —  Cupertino and Santa Clara, California — Apple and Intel have signed an agreement for Apple to acquire the majority of Intel's smartphone modem business.  Approximately 2,200 Intel employees …
Alphabet:
Alphabet reports Q2 revenue of $38.9B, up 19% YoY, net income of $9.9B, up from $3.2B YoY, and a stock buyback of $25B; stock up 7%+ after hours  —  Alphabet Announces Second Quarter 2019 Results MOUNTAIN VIEW, Calif. - July 25, 2019 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) …
Amazon.com:
Steve Lohr / New York Times:
Two antitrust academics say Chris Hughes joined them in meetings with the FTC, the DOJ, and state AGs to lay out a potential antitrust case against Facebook  —  Chris Hughes used to huddle with Mark Zuckerberg in a Harvard dorm room building Facebook from scratch.
Pavel Alpeyev / Bloomberg:
SoftBank announces Vision Fund 2, will commit $38B to it with the goal of raising $108B; Apple, Microsoft, and others are expected to contribute  —  SoftBank Group Corp.'s founder Masayoshi Son launched a second Vision Fund, seeking to extend his reign as the world's most influential technology investor.
New York Times:
Senate Intelligence Committee report acknowledges that Russia targeted election systems in all 50 states in 2016, but key lessons for 2020 were redacted  —  WASHINGTON — The Senate Intelligence Committee concluded Thursday that election systems in all 50 states were targeted by Russia in 2016 …
Daisuke Wakabayashi / New York Times:
Rep. Tulsi Gabbard sues Google for briefly suspending her Ads account after the first Democratic debate; Google says unusual activity triggered the suspension  —  Representative Tulsi Gabbard, the long-shot presidential candidate from Hawaii, said in a federal lawsuit that Google infringed …
Quartz:
Long Island Iced Tea Corp's pivot to blockchain in 2017 is being investigated by the FBI for insider trading and securities fraud, according to search warrants  —  Even during the heady days of the epic bitcoin bubble in 2017, Long Island Iced Tea Corp.'s pivot to blockchain was a particularly brash ploy to latch onto the crypto hype.
Caroline Haskins / VICE:
FOIA docs show Ring required Lakeland, FL, police to advertise its surveillance cameras in exchange for free products and a portal for requesting footage  —  The Lakeland, Florida police department is required to “encourage adoption” of Ring products as part of a secret agreement with the company.
Pew Research Center:
Study of YouTube channels with 250K+ subs in early 2019: a small share produce most of the content, kids videos do very well, and most videos aren't in English  —  The media landscape was upended more than a decade ago when the video-sharing site YouTube was launched.
Dieter Bohn / The Verge:
T-Mobile says it will not carry Samsung's Galaxy Fold when it is released in September; AT&T says it is still working with Samsung  —  It will still work on the network, but it's a ding against Samsung  —  Now that Samsung has announced that it has made changes to the Galaxy Fold …
NEWS.com.au:
Australia's ACCC releases final report on anti-competitive behavior and market power of tech giants, offers 23 recommendations including a stronger Privacy Act  —  Tech giants including Google, Facebook will face greater scrutiny after the ACCC handed down its landmark final report today.
businesstoday.in:
WhatsApp to roll out its payments service in India this year, after developing a system that stores data locally to comply with Reserve Bank of India's policy  —  WhatsApp's ambitious payment services' blueprint in India has been caught in a bind over concerns around authentication and its data storage practices

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Washington Post:
Matthew Rosenberg / New York Times:
Emily Birnbaum / The Hill:
Cecilia D'Anastasio / Kotaku: