Techmeme
July 31, 2020, 2:15 PM

Top News

Bloomberg:
Sources: President Trump plans to sign an order to direct China's ByteDance to divest its ownership of TikTok  —  President Donald Trump plans to sign an order to direct China's ByteDance Ltd.'s to divest its ownership of the popular U.S.-based music-video app TikTok, according to people familiar …
Financial Times:
Sources: Nvidia in talks to buy Arm in a cash-and-stock deal that would value it at more than the $32B SoftBank paid to buy the UK chip designer in 2016  —  US chipmaker seeks cash-and-stock purchase of UK chip designer from its Japanese owner  —  US chip company Nvidia is in talks to buy …
Sarah Perez / TechCrunch:
Facebook confirms it will begin rolling out official music videos across its platform in the US, and introduce a new Music destination within Facebook Watch  —  Facebook today confirmed it will begin rolling out official music videos across its platform in the U.S., as TechCrunch first reported …
Caitlin Dewey / OneZero :
A look at the “hustle economy”, where unemployed teachers, cooks, and dancers are turning to Patreon, Twitch, and OnlyFans to monetize their digital offerings  —  Unemployed teachers, cooks, dancers are turning to Patreon, Twitch, and OnlyFans  —  e have nothing to sell besides physical touch.
Jay Peters / The Verge:
In an update to the July 15 hack, Twitter says a few employees were targeted in a phone spear phishing attack, and it had since limited access to internal tools  —  ‘This attack relied on a significant and concerted attempt to mislead certain employees’  —  Twitter provided an update …
Politico:
North Face and Heineken are among the companies who say they will resume Facebook ads from August, Levi Strauss and Smucker Co. will continue the boycott  —  More than 1,000 organizations stopped ads for the month of July, without getting many concessions.  Can they keep it going and build global pressure?
Facebook:
Casey Newton / The Verge:
Chance Miller / 9to5Mac:
Steven Musil / CNET:
Twitter permanently bans the account of white supremacist David Duke  —  Duke's Twitter account was “permanently suspended” for violating the company's policy against hateful conduct, a spokesperson for the social network says.  —  White supremacist David Duke has been permanently banned …
Apple:
Apple reports Q3 revenue of $59.7B, up 11% YoY, of which $46.5B came from products, $13.1B from services, and net income of $11.2B; stock up 6%+  —  Revenue up 11 percent and EPS up 18 percent to new June quarter records  —  Apple today announced financial results for its fiscal 2020 third quarter ended June 27, 2020.
Bloomberg:
Stephen Nellis / Reuters:
Todd Bishop / GeekWire:
Porch, which connects homebuyers to movers, insurance providers, TV/internet companies, and others, to go public at a $523M valuation via merger with a SPAC  —  Porch, a real estate technology venture and home improvement marketplace that has spent four years quietly renovating its own business …
Alphabet:
Alphabet reports Q2 revenue of $38.3B, down 2% YoY, net income of $6.96B, down from $9.9B YoY, Other Bets operating loss grew to $1.1B  —  MOUNTAIN VIEW, Calif. - July 30, 2020 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended June 30, 2020.
Amazon.com:
Amazon reports Q2 revenue of $88.91B, up 40% YoY, net income of $5.2B, up from $2.5B in Q1 2019, and AWS revenue of $10.81B, up 29%; stock up 4%+  —  SEATTLE—(BUSINESS WIRE)—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2020.

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