Techmeme
August 2, 2020, 1:20 AM

Top News

Echo Wang / Reuters:
Sources: ByteDance has agreed to divest US operations of TikTok under a proposed new deal with the White House that would see Microsoft take over TikTok in US  —  NEW YORK (Reuters) - China's ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House …
Wall Street Journal:
Sources: Microsoft, which was in advanced talks to buy the US operations of TikTok, has paused negotiations after Trump said on Friday that he opposes the deal  —  Talks aren't believed to be dead, but the companies are trying to get clarity on White House's stance
Aaron Tilley / Wall Street Journal:
Acquiring TikTok would be a big bet for Microsoft in the consumer social media space that could bring content moderation and other regulatory risks  —  Consumer products have been a minefield for the software giant even as Xbox has succeeded  —  For Microsoft MSFT .54% Corp. Chief Executive …
CNBC:
President Trump told reporters on Friday that he will act soon to ban TikTok in the United States  —  - President Donald Trump on Friday told reporters he will act soon to ban Chinese-owned video app TikTok from the United States.  — Trump did not specify whether he will act through an executive order …
More: NBC News, Bloomberg, MacRumors, Bloomberg, The Verge, Gizmodo, Constine's Moving …, NBC News, Washington Post, Pocketnow, Los Angeles Times, 9to5Google, Reuters, Techdirt, PBS NewsHour, Social Media Today, The Daily Dot, Slate, The Hill, CNN, Digital Trends, BBC, BuzzFeed News, AppleInsider, TechCrunch, Variety, TechRadar, Fossbytes, Associated Press, Axios, Pocket-lint, Public Pool, Fortune, Business Insider, news.com.au, CBS News, Gizmodo, Bloomberg, Engadget, and Ubergizmo
Michael Schuman / The Atlantic:
Ryan Hughes / WFLA-TV:
A Florida state attorney files 30 felony charges against a 17-year old who was arrested in Tampa in connection with the July 15 Twitter hack  —  TAMPA, Fla. (WFLA) - A Tampa teenager is in jail, accused of being the “mastermind” behind a hack on the social media website Twitter …
Joseph Cox / VICE:
Charlie Osborne / ZDNet:
IBM report: in 2020, the average data breach costs companies $3.86M to remedy, up 1.5% YoY; “mega” breaches involving 50M+ consumer records can cost up to $392M  —  When consumer PII is involved, the cost increases.  —  The average cost of a “mega” data breach has risen astronomically …

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