Techmeme
August 1, 2019, 4:20 AM

Top News

Joe Fitzgerald Rodriguez / The San Francisco Examiner:
Lyft has made its 1,000 e-bikes in San Francisco “unavailable to riders” following two reports of bikes catching fire  —  The flames appear to have originated from the battery  —  The battery of an electric Lyft bicycle appeared to catch fire Wednesday in the Lower Haight.
New York Times:
Cisco to pay $8.6M to settle government claims for selling video surveillance tech with a security flaw, reported in 2008, to government agencies until 2013  —  WASHINGTON — Cisco Systems agreed on Wednesday to pay $8.6 million to settle claims that it sold video surveillance technology …
Tim Ingham / Music Business Worldwide:
Spotify reports 108M paying subscribers in Q2, up 31% YoY, revenue of €1.67B, up 31% YoY, and an operating loss of €3M  —  Spotify closed its second calendar quarter this year with 108m paying subscribers and 232m total Monthly Active Users (MAUs).
Laura Hazard Owen / Nieman Lab:
After 6 months of fact-checking for Facebook, Full Fact published 96 fact-checks, was paid ~$171k, wants Facebook to share more data with fact-checkers  —  In December 2016, Facebook enlisted a handful of U.S.-based news organizations (ABC News, Snopes, PolitiFact, FactCheck.org, and the AP) …
Wall Street Journal:
Four major broadcast networks sue Locast, which is funded by AT&T, to try to stop it from freely retransmitting the signals of their local TV stations  —  CBS, ABC, NBCU and Fox say AT&T-funded Locast is retransmitting their signals without permission and in violation of copyright law
Alex Heath / The Information:
Sources: Facebook is working on a new TV device that can stream video and make video calls using its Portal tech, and has approached Netflix, Disney, and others  —  Facebook has approached Netflix, Disney and other media companies about putting their streaming services on a new Facebook device …
Varun Mishra / Counterpoint Research:
Analysis: in Q2 2019, global smartphone shipments declined 1% YoY, making it the 7th consecutive quarter of declining shipments; Samsung shipments grew 7.1% YoY  —  Overall smartphone shipment declined 1% in Q2 2019, making it the seventh consecutive quarter of declining shipments.
Stephanie Condon / ZDNet:
Qualcomm misses with Q3 revenue of $4.9B, down 13% YoY, and licensing revenue of $1.29B, down 10% YoY; stock down 4%+ after hours  —  Qualcomm says it is well positioned for the 5G ramp to come in early 2020.  —  Qualcomm published its third quarter financial fiscal 2019 results on Wednesday …
Raymond Zhong / New York Times:
Trump's ongoing trade war with China has been a boon for Vietnam, as some tech companies, like Apple and Nintendo, consider shifting production there  —  Samsung already assembles half of its handsets in the country, which got a big lift from U.S. tariffs on Chinese goods.  Now Apple is homing in.

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