| New York Times: |
At the hearing, Bezos, Cook, Zuckerberg, and Pichai will argue their businesses are relatively small, exist in competitive environments, and benefit consumers — The C.E.O.s are likely to argue before Congress that their companies aren't anticompetitive. Here are the facts.| Jennifer Elias / CNBC: |
Sundar Pichai will tell lawmakers that Google operates in a “highly competitive” market and that its free products benefit the “average American” — - Ahead of a Wednesday House Judiciary hearing, Alphabet CEO Sundar Pichai released opening remarks that show … | The Amazon Blog: |
Bezos statement to US House underscores Amazon's job creation, investments in social causes, and its role in supporting small and medium-sized businesses — Testimony before the Subcommittee on Antitrust, Commercial, and Administrative Law — Statement by Jeffrey P. Bezos Founder & Chief … | Betsy Woodruff Swan / Politico: |
Mark Zuckerberg's prepared opening statement for the House hearing: “more to do” on fighting disinformation and “companies aren't bad just because they are big” — Facebook CEO Mark Zuckerberg will concede to lawmakers that his company has more work … | Mark Gurman / Bloomberg: |
Tim Cook will tell US lawmakers that App Store has opened the “gate wider” for developers, Apple isn't anticompetitive, and doesn't have “dominant market share” — Apple Inc. Chief Executive Officer Tim Cook will tell U.S. lawmakers probing his company's market power … | Sam Shead / CNBC: |
Facebook, YouTube, and Twitter work to pull versions of a video touting hydroxychloroquine as a COVID-19 cure, after it was shared by Trump and his allies — - A Breitbart video containing dangerous coronavirus misinformation went viral on Facebook before it was removed.| Andrew Griffin / The Independent: |
| Bloomberg: |
Sources: Google and Samsung are in talks about giving Google products more prominence on Samsung phones, including more control over search — - Google Assistant, Play app store may gain more prominent roles — Samsung seeks other revenue sources as handset demand drops| Sara Fischer / Axios: |
TikTok's new CEO Kevin Mayer says it'll release code driving its content moderation algorithms, accuses Facebook of maligning attacks “disguised as patriotism” — In his first public statement as CEO of TikTok, f ormer Disney exec Kevin Mayer says the company will be releasing … | Reuters: |
Sources: some US investors in ByteDance, seeking to take over TikTok, are valuing the social media app at ~$50B, 50x its projected ~$1B revenue in 2020 — NEW YORK/HONG KONG (Reuters) - Some investors of TikTok's parent company ByteDance seeking to take over the popular social media app … | Todd Spangler / Variety: |
Spotify reports Q2 revenue of €1.89B, up 13% YoY, with MAUs up 29% YoY to 299M, premium users up 27% to 138M, and ad-supported MAUs up 31% to 170M — In addition, ad revenue fell 21% — which Spotify blamed on the coronavirus pandemic — but the drop wasn't quite as bad as forecast.| Chaim Gartenberg / The Verge: |
AMC and Universal agree to shorten the theatrical window for films to 17 days, or 3 weekends, before Universal can release them onto premium on-demand platforms — Films only have to be in theaters for three weekends now before going to digital platforms — AMC Theaters and Universal … | Riley de León / CNBC: |
Health insurance company Humana partners with doctor-on-demand service Heal and invests $100M — - Telehealth start-up Heal is partnering with notable health insurance company Humana, which includes a $100 million investment that will be used to expand into new markets.| Larry Dignan / ZDNet: |
Shopify reports Q2 revenue of $714.3M, up 97% YoY, with net income of $36M compared with net loss of $28.7M in Q2 2019 — Shopify's second quarter results highlight how the company is critical to SMBs going digital. — Shopify's second quarter results benefited from a surge in small businesses … | Alexandra Alper / Reuters: |
US Treasury Secretary Steve Mnuchin says TikTok is being reviewed by CFIUS, which will make a recommendation to Trump — WASHINGTON (Reuters) - U.S. Treasury Secretary Steve Mnuchin said on Wednesday social media app TikTok is under federal government review and a recommendation will be made to President Donald Trump on it.| Marc Santora / New York Times: |
Turkey passes law extending sweeping powers over social media platforms, ordering those with 1M+ DAU to open offices in the country and store user data locally — The legislation extends control over social media platforms like Facebook, Twitter and YouTube.| Sarah Emerson / OneZero : |
Former moderators at Pinterest say they had inadequate resources and minimal mental health support as they fought to keep child abuse imagery off the platform — Moderators reported seeing child pornography content ‘every couple hours’ — a good day, Blake's job as a Pinterest moderator … | Nick Kolakowski / Dice Insights: |
In July, a H-1B software engineers' median salary at Google, Microsoft, and Apple was at least $142K, a substantial increase from at least $120K in October 2019 — How much are software engineers on the H-1B visa making at some of the nation's largest tech companies? At first glance, the answer seems simple: quite a lot.| Ashley Carman / The Verge: |
Spotify debuts Group Session feature in beta, letting up to five premium users simultaneously listen to same content — Simultaneously stream music or podcasts — Spotify is now allowing its paying users to listen to music and podcasts with friends and family at the same time, even if they aren't in the same location.| Ken Doctor / Nieman Lab: |
Q&A with the new CEO of NYT Meredith Levien on establishing the paper as a world-class digital product and technology company — Meredith Kopit Levien knew early on that she'd like to head up a news publishing company. She just never expected she would end up as the CEO of The New York Times … | Olga Kharif / Bloomberg: |
At least three streamers banned or suspended from Twitch and Facebook following accusations of sexual harassment have moved to YouTube — When a handful of streamers were recently banned or suspended by the live-streaming platforms Twitch and Facebook following accusations of sexual harassment, their careers didn't end.| Andrew J. Hawkins / The Verge: |
Revel suspends its electric moped service in NYC after two people were killed in recent weeks; at least one was not wearing a helmet during the crash — Two people were killed and one was critically injured while riding the shared electric mopeds — Revel is suspending its service … | Larry Dignan / ZDNet: |
AMD reports Q2 revenue of $1.93B, up 26% YoY, Computing and Graphics segment revenue of $1.37B, up 45% YoY — AMD's results land as its primary rival Intel has been struggling with its 7nm roadmap delays. — AMD reported better-than-expected second quarter results as sales surged 26% … | Ryan Browne / CNBC: |
TransferWise announces a new $319M secondary share sale round led by Lone Pine Capital and D1 Capital Partners at a $5B valuation — - TransferWise employees and early investors sold some of their stakes in a $319 million secondary deal. — The company's $5 billion valuation makes …
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| Dean Takahashi / VentureBeat: |