Techmeme
July 13, 2020, 11:50 PM

Top News

Wall Street Journal:
Sources: SoftBank is exploring a full/partial sale or public offering of Arm; SoftBank bought Arm for $32B four years ago  —  Japanese conglomerate bought British tech company four years ago for $32 billion  —  SoftBank Group Corp. 9984 4.23% is exploring alternatives including a full …
Mark Gurman / Bloomberg:
Sources: Apple pushes retail workers to begin working from home, says full return to offices won't happen in 2020 and it's shipping employees COVID-19 test kits  —  - Full return to U.S. offices won't happen before end of 2020  —  Apple Inc. is readjusting operations as Covid-19 cases continue …
Sundar Pichai / The Keyword:
Google unveils the Google for India Digitization Fund, pledging ~$10B over seven years toward a mix of equity investments, ecosystem investments, and more  —  Editor's note: Today at Google for India, Google CEO Sundar Pichai announced a $10 billion Google for India Digitization Fund to help accelerate India's digital economy.
Emily Birnbaum / Protocol:
Facebook, Google, Twitter, Microsoft, others back Harvard and MIT's suit against ICE directive that will send international students home if classes are online  —  A number of top tech companies say the Trump administration's new directive to strip foreign students of their visas could crush the tech industry's workforce.
Paddy Baker / CoinDesk:
Crypto app Abra and partner company Plutus settle charges from SEC and CFTC for $300K after allegedly facilitating unregistered security-based swap transactions  —  Crypto financial app Abra has settled charges from the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission …
Sarah Ponczek / Bloomberg:
According to Robintrack.net, during a four-hour span today almost 40,000 Robinhood accounts added Tesla stock, which hit $1,794.99 before closing at $1,497.06  —  - Almost 40,000 Robinhood users bought the stock in four hours  — Tesla shares surged 16% Monday before giving up gains
Todd Spangler / Variety:
SiriusXM will buy E.W. Scripps' podcast network and producer unit Stitcher for $325M; Scripps says Stitcher had $72.5M in 2019 revenue  —  According to E.W. Scripps, the $325 million price tag represents a return of more than 100% in its investment in podcasting over the last five years.
New York Times:
As US COVID-19 cases surge, public health officials are battling broken, fragmented data systems, some relying on fax, that are seriously impeding progress  —  Before public health officials can manage the pandemic, they must deal with a broken data system that sends incomplete results in formats they can't easily use.

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More News

Issie Lapowsky / Protocol:
Gerrit De Vynck / Bloomberg:
David McCabe / New York Times:

Earlier Picks

Hannah Murphy / Financial Times:
Apple:
Donie O'Sullivan / CNN:
Subrat Patnaik / Reuters: