| Tony Romm / Washington Post: |
CEOs of Amazon, Apple, Facebook, and Google grilled over their companies' market power at the nearly six-hour congressional subcommittee hearing — The leaders behind the tech giants testified before Congress virtually — The leaders of Amazon, Apple, Facebook and Google took … | YouTube: |
Video of the House Antitrust Subcommittee hearing on online platforms and market power with the CEOs of Amazon, Facebook, Google, and Apple — TW: @HouseJudiciary | FB: HouseJudDems | IG: HouseJudDems | M: /HouseJudiciary Subcommittee on Antitrust, Commercial, and Administrative Law || Richard Nieva / CNET: |
Sundar Pichai received bipartisan criticism during Wednesday's antitrust hearing, facing questions about Google's digital ads business, privacy practices, more — The leaders of four of the world's most powerful tech companies — Apple, Amazon, Facebook and Google — appeared on Wednesday … | Makena Kelly / The Verge: |
Asked if Amazon ever accessed and used seller data to make business decisions, Bezos said he can't guarantee the ban on the practice has never been violated — The company is investigating possible breaches — During Wednesday's antitrust hearing, Amazon and its CEO Jeff Bezos came under fire … | Mark Gurman / Bloomberg: |
Emails between Eddie Cue and other Apple execs from 2011, revealed in House hearing, show Apple considered 40% cut of first year digital content subscriptions — Apple Inc. executives almost a decade ago considered taking a cut of 40% from some third-party subscriptions accessed through its platform … | Emil Protalinski / VentureBeat: |
At the antitrust hearing, Cook was questioned 7 times, Bezos 13 times, Zuckerberg 16 times, and Pichai 16 times, the latter three for at least 50 minutes each — At the “Online Platforms and Market Power” virtual antitrust hearing today, the House Judiciary Committee questioned Amazon CEO Jeff Bezos … | Peter Kafka / Vox: |
| The Verge: |
Emails from Mark Zuckerberg, revealed by the House antitrust panel, show that Facebook wanted to buy Instagram at least partly to explicitly avoid competition — In late February 2012, Facebook CEO Mark Zuckerberg emailed his chief financial officer, David Ebersman, to float the idea … | Stephanie Condon / ZDNet: |
Google debuts an iOS app letting users back up a phone's photos, videos, contacts, and calendar events using Google account storage, and a storage manager tool — Any Google user can now take advantage of the Google One phone backup feature, along with a new, free storage manager tool.| 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: |
Documents: Arizona's AG is leading a multi-state probe into whether Apple's deliberate slowing of iPhones violated deceptive trade practice laws — SAN FRANCISCO (Reuters) - Arizona is leading a multi-U.S. state probe into whether Apple Inc's deliberate slowing of older iPhones violated … | 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 … | Ian King / Bloomberg: |
Qualcomm reports Q3 non-GAAP revenue of $4.9B, flat YoY, forecasts Q4 revenue of $5.5B to $6.3B, vs $5.8B est., announces Huawei license deal; stock jumps 12%+ — - Deal with Chinese telecom company ends long-running dispute — CEO says rebound from Covid-19 slump faster than expected| Natalie Gagliordi / ZDNet: |
PayPal reports adding a record 21.3M net new active accounts in Q2, bringing total active accounts to 346M, and revenue of $5.26B, up 25% YoY, vs $4.99B est. — PayPal said it saw the largest quarterly increase in active accounts in the company's history during Q2.| Bloomberg: |
Sources: Google and Samsung are working on a deal to give Google services more prominence on Samsung devices, discussing the roles of Bixby, Play Store, search — - Google Assistant, Play app store may gain more prominent roles — Samsung seeks other revenue sources as handset demand drops| Joanna Stern / Wall Street Journal: |
Wearable devices with sensors that continuously gather your temperature, heart rate, and blood oxygen may become personal warning systems for COVID-19 — Wearable devices with sensors that continuously gather your temperature, heart rate and blood oxygen could become personal warning systems for the coronavirus| Sara Fischer / Axios: |
Snap releases its first diversity report: 4.1% are Black, 6.8% are Hispanic; women make up 32.9% of the company, 16% of technical roles, 7% of leadership roles — Snapchat on Wednesday released its first-ever diversity report, showing that the company is still slightly behind its peers … | 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 … | Jonathan Shieber / TechCrunch: |
Connecticut-based Sema4, which uses aggregate patient data to help doctors improve care, raises $121M from BlackRock and others, valuing the company at $1.1B — Sema4, the Stamford, Conn.-based digital healthcare company now worth just over $1 billion, takes its name from the system of sending messages via code.
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| Larry Dignan / ZDNet: |
| Todd Spangler / Variety: |
| Sam Shead / CNBC: |