Techmeme
July 7, 2020, 1:10 PM

Top News

Ina Fried / Axios:
TikTok will pull its app from Google Play and App Store in Hong Kong following a new security law, saying it doesn't and wouldn't share data with China  —  TikTok said Monday night that it would pull its social video platform out of the Google and Apple app stores in Hong Kong amid a restrictive new law that went into effect last week.
Paul Mozur / New York Times:
Arjun Kharpal / CNBC:
Secretary of State Mike Pompeo says the US is “looking at” banning TikTok and other Chinese social media apps amid rising tensions between US and China  —  - The U.S. is “looking at” banning TikTok and other Chinese social media apps, Secretary of State Mike Pompeo said Monday.
Andrew Anthony / The Guardian:
Profile of Stanford law professor Jim Steyer, who set up the Stop Hate for Profit campaign that has led to about 800 companies joining an ad boycott of Facebook  —  With 800 firms now joining the Facebook advertising boycott, the man whose idea it was explains how the company could easily clean up its act
New York Times:
Magic Leap hires Peggy Johnson, who led Microsoft's business development, as CEO, starting in August  —  Peggy Johnson, who led Microsoft's business development, will take over the struggling virtual reality start-up in August.  —  SAN FRANCISCO — Magic Leap said on Tuesday …
Jason Del Rey / Vox:
Sources: Walmart+, a $98/year Amazon Prime rival, will launch in July, with same-day delivery, discounts at Walmart gas stations, reserved delivery slots, more  —  After announcing a number of improvements to its online shopping experience, Walmart is now taking aim at Amazon Prime membership.
More: CNET and CNBC
Jeremy Horwitz / VentureBeat:
Fraunhofer announces H.266/VVC, a new video compression standard that it says cuts file sizes by ~50% compared to its predecessor without compromising quality  —  Having engineered the popular music encoding format MPEG-3 before developing the widely-used video formats H.264 (AVC) and H.265 …
TechCrunch:
Palantir says it has confidentially filed an S-1 draft registration with the SEC for an IPO  —  Secretive surveillance startup Palantir said late Monday it has confidentially filed paperwork with the U.S. Securities and Exchange Commission to go public.  —  Its statement for the secretive …
Casey Newton / The Interface:
Andrew J. Hawkins / The Verge:
A list of some tech companies the SBA says have received PPP loans of more than $150K; Bird and Index Ventures say they are wrongly listed  —  Scooter companies, AV startups, LIDAR manufacturers among companies receiving PPP loans  —  Bird, the beleaguered e-scooter company …

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