Techmeme
August 6, 2020, 10:30 AM

Top News

Heather Kelly / Washington Post:
Amanda Macias / CNBC:
Trump admin proposes a “Clean Network” effort to curb potential national security risks from China by banning “untrusted” Chinese apps from US app stores, more  —  - U.S. Secretary of State Mike Pompeo announced a five-pronged “Clean Network” effort aimed at curbing potential national security risks from China.
Jonathan Shieber / TechCrunch:
Telemedicine provider Teladoc Health signs a $18.5B deal to buy Livongo, maker of connected devices for managing diabetes and other chronic conditions  —  In a sign of the growing importance and value of digital healthcare in the world of medicine, two of the industry's publicly traded companies …
Vlad Savov / Bloomberg:
TikTok announces that it is setting up its first data center in Europe with a $500M investment in Ireland, says data of European users will be stored there  —  TikTok, the embattled video-sharing app that's found itself at the center of Washington-Beijing tensions, is setting up its first data center …
Tom Warren / The Verge:
Microsoft ends its xCloud game streaming test on iOS devices, says it had to limit the app to one game and 10,000 testers “to comply with App Store policies”  —  Apple's App Store policies appear to be holding xCloud back  —  Microsoft has ended its xCloud game streaming test for iOS devices today.
Ryan Browne / CNBC:
Nintendo reported quarterly operating profit of $1.4B, up 428% YoY; sales of Nintendo Switch and Switch Lite consoles grew 167% YoY to 5.68M units  —  - Nintendo reported operating profit of 144.7 billion yen ($1.4 billion) in the April-June quarter, smashing analyst expectations.
Karandeep Singh / Android Police:
OnePlus is preloading OnePlus 8 and Nord series phones with Facebook bloatware that can't be uninstalled as part of the OS  —  Bloatware on Android phones has been around for so long — especially on Samsung and Huawei phones — that it's hardly even news anymore.
Eric Ravenscraft / OneZero:
Tests indicate wireless charging is much less efficient than cord charging; Pixel 4 charging tests showed wireless charging used 47% more power than cabled  —  We crunched the numbers on just how inefficient wireless charging is — and the results are pretty shocking
Mary Jo Foley / ZDNet:
Samsung and Microsoft extend their partnership to add deeper integration with Office on Galaxy Note20 devices and let users stream Android apps to Windows 10  —  The new Samsung Galaxy Note 20 devices will support Office app synchronization, new Your Phone features and Microsoft's cloud gaming functionality.
Bloomberg:
Rackspace closed ~22% down on its first day of trading, after raising $704M in its IPO, and now has a market value of $3.26B  —  - Cloud computing firm Rackspace has year's worst debut in U.S.  — Fellow Texas firm BigCommerce doubles value on its first day
More: Fortune and MarketWatch
Yoolim Lee / Bloomberg:
Intuit has agreed to acquire TradeGecko, an inventory and order management software platform for small retailers and wholesalers, sources say for $80M+  —  - Intuit is said to pay more than $80 million for TradeGecko  — TradeGecko will be integrated into Intuit's QuickBooks Online
Crystal Tse / Bloomberg:
Shares of e-commerce startup BigCommerce rose as much as 292% above its $24 IPO Wednesday; stock closed up 201% and raised $216M  —  BigCommerce Holdings Inc., which makes software for online business operations, rose as much as 292% in its trading debut after pricing its $216 million initial public offering above a targeted range.
Andrew J. Hawkins / The Verge:
California's labor commissioner has filed separate lawsuits against Uber and Lyft for alleged wage theft by misclassifying workers as independent contractors  —  The Golden State is becoming increasingly hostile to app-based ride-hailing  —  Uber and Lyft are committing wage theft …
Jay Greene / Washington Post:
Microsoft could use data culled from TikTok content, such as video of people of different ethnicities engaged in a variety of activities, to train its AI  —  More than merely appealing to the young users of TikTok, Microsoft could use the data culled from its videos to better compete against its AI rivals.
Catalin Cimpanu / ZDNet:
State Department offers up to a $10M reward for info about anyone working with a foreign government to interfere in US elections via malicious cyber operations  —  This includes attacks against US election officials, election infrastructure, voting machines, but also candidates and their staff.
Todd Spangler / Variety:
Epic Games raises $1.78B, which includes $250M from Sony announced last month, at a post-money valuation of $17.3B  —  Epic Games, creator and publisher of the massively popular “Fortnite” game, announced a $1.78 billion round of funding — which the company says gives it a post-money equity valuation is of $17.3 billion.

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