Techmeme
July 30, 2020, 12:25 AM

Top News

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 |
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 …
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 …
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  —  - IPhone maker's Eddy Cue reached 2016 deal with Amazon's Bezos  — In 2011, Apple executives weighed 40% fee for subscriptions
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 …
Juli Clover / MacRumors:
Peter Kafka / Vox:
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 …
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
Lawrence Abrams / BleepingComputer:
Hacker shares data stolen on 18 companies, like Dave and Wattpad, on a forum for free, including 9 previously unreported breaches of Havenly, Indaba Music, more  —  A threat actor is flooding a hacker forum with databases exposing expose over 386 million user records that they claim were stolen …
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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Sara Fischer / Axios:

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