Techmeme
July 29, 2020, 11:35 AM

Top News

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 …
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:
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:
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 that TikTok was under a national security review and that his agency would make a recommendation …
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
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.
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 …
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.
Marc Santora / 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.
Tweets: @lucas_shaw
Campbell Kwan / ZDNet:
After seeking to dismiss charges against two ex-Twitter employees and a Saudi national, DOJ files a superseding indictment with seven charges, up from two  —  The charges have expanded from two to seven.  —  Fresh off dismissing spying charges against two former Twitter employees …
Sabahatjahan Contractor / Reuters:
US prosecutors are seeking 27 months in prison for ex-Uber executive Anthony Levandowski, who pleaded guilty in March to taking sensitive documents from Google  —  (Reuters) - U.S. prosecutors are seeking 27 months of imprisonment for the former head of Uber's self-driving technology unit …
Sophia Kunthara / Crunchbase News:
International money transfer service Remitly raises $85M led by PayU at a $1.5B valuation  —  Fintech startup Remitly has raised $85 million in a new round of funding, bumping its valuation up to $1.5 billion.  —  Subscribe to the Crunchbase Daily  —  Remitly facilitates international money transfers.

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