Techmeme
July 29, 2020, 10:10 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 …
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 …
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:
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 …
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 …
Marc Santora / New York Times:
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.
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.
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 …
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.
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.

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