Techmeme
July 29, 2020, 9:30 AM

Top News

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 …
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 …
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 …
Betsy Woodruff Swan / Politico:
New York Times:
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
Reuters:
Sources: some US investors of ByteDance seeking to take over TikTok are valuing the social media app at ~$50B, 50 times its projected 2020 revenue of ~$1B  —  NEW YORK/HONG KONG (Reuters) - Some investors of TikTok's parent company ByteDance seeking to take over the popular social media app …
More: iMore
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 …
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 …
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.
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 …
Joel Rosenblatt / Bloomberg:
US DOJ asks federal judge for permission to drop charges against two ex-Twitter employees and a Saudi national who allegedly helped Riyadh spy on dissidents  —  The U.S. filed a revised indictment against two former Twitter Inc. employees and a Saudi national, alleging the three spied …
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 …
Thanks:@mvzelenks
Manish Singh / TechCrunch:
Toppr, an e-learning service in India covering 17 subjects and preparing students for five dozen competitive exams, raises $46M led by Foundation Holdings  —  Toppr, one of the largest online learning startups in India, has secured $46 million in a new financing round as it looks to scale its platform including a new product.
Dean Takahashi / VentureBeat:
In a reversal, CES says its event planned for January 2021 will be going all-digital, using a virtual meeting format for vendors, attendees, and the press  —  CES 2021 will take place in January as an all-digital event since the organizers feel it's the only way they can protect attendees during the pandemic.
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.
Marc Santora / New York Times:
Larry Dignan / ZDNet:
AMD reports Q2 revenue of $1.93B, up 26% YoY, Computing and Graphics segment revenue of $1.37B, up 45% YoY; stock up ~9% after-hours  —  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 …
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.

Sponsor Posts

Tribe AI:
You don't have to be Google to have your own AI lab  —  Find out how Tribe's community of top engineers can build core machine learning technology for your company.
DataStax:
React \w/ Cassandra Dev Day  —  Join us on 12/9 to learn how millions of developers build apps faster and more easily using the Netlify app stack and Apache Cassandra™, the database that powers the best of the internet.
Zoho:
Optimizing Collaboration With Your Team Members Using Communication Apps (Mail, Cliq, and Connect)  —  Whether you find it difficult to keep track of time, be productive, or stay motivated, the new digital workplace …
Oura:
Stressed?  Anxious?  How REM Sleep Can Be Your Mind's Reset Button  —  With a population as anxiety-ridden as ours, thousands of remedies have circulated online, and it can get overwhelming.
Intel:
AI is not a one-size-fits-all computing challenge  —  Cloud providers are using Intel Xeon's built-in AI performance for AI inference workloads and now developers can use Habana Gaudi to reduce their AI training costs.

Listen to Techmeme's Podcast:

Techmeme Ride Home: (Bonus) Peter Kafka on Media, Hollywood, Substack and TikTok Subscribe via Apple Podcasts, Google Play, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 9:30 AM ET, July 29, 2020.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Earlier Picks

Jeffrey Dastin / Reuters:
Andrew J. Hawkins / The Verge:
BBC: