Techmeme
August 13, 2020, 5:10 AM

Top News

James Vincent / The Verge:
Twitter launches API v2, the first complete rebuild of its API since 2012, in a bid to improve relations with third-party developers  —  Wooing developers with a new API  —  Twitter is making it easier for businesses, academics, and third-party developers to build on its platform with the launch of its API v2 today.
Tom Warren / The Verge:
Microsoft is launching its Surface Duo dual-screen Android phone on September 10 for $1,399, with preorders starting today in the US  —  Microsoft is launching its Surface Duo dual-screen Android phone on September 10th, priced from $1,399.  After months of Microsoft executives teasing …
Scott Stein / CNET:
Manish Singh / TechCrunch:
Sources: ByteDance has been in talks with India's Reliance for investment in TikTok's India operations since late last month, after India banned the app in June  —  Chinese giant ByteDance is engaging with India's Reliance Industries Limited, the parent firm of telecom giant Jio Platforms …
Nathan DiCamillo / CoinDesk:
Coinbase says it will offer fiat loans to US retail customers, backed by as much as 30% of a customer's bitcoin holdings, in 17 states this fall  —  Coinbase will allow U.S. retail customers to borrow fiat loans against as much as 30% of their bitcoin holdings in the fall, the San Francisco-based exchange announced Wednesday.
Nancy Scola / Politico:
Google, Facebook, Twitter, Pinterest, and others partner to scenario-plan for the last three months before US Election Day, including slow election results  —  Google, Facebook, Twitter and other major social media companies are working together to scenario-plan for the last three months …
Abrar Al-Heeti / CNET:
Canalys: 31.9M smartphones shipped in the US in Q2, down 5% YoY; Apple shipped 15M iPhones in the US, up 10% YoY, and Samsung shipped 7.4M units, down 1% YoY  —  Vendors shipped nearly 32 million smartphones in the US in the second quarter, according to a Canalys report.
Lauren Feiner / CNBC:
Uber CEO Dara Khosrowshahi says it will likely need to shut down for several months in California if it is forced to re-classify drivers as employees  —  - Uber would likely shut down temporarily for several months if a court does not overturn a recent ruling requiring it to classify its drivers …
Alex Heath / The Information:
Source: Facebook and Snap recently approached Dubsmash, a lip-syncing video app, about an acquisition, with discussions including a possible nine-figure deal  —  Facebook and Snap recently held talks to buy Dubsmash, a lip-syncing video app that has surged in popularity alongside a crop of other TikTok competitors.
New York Times:
Hands-on with Instagram's Reels: confusing, frustrating, impossible to navigate, and lacking TikTok's editing features  —  TikTok might not be winning over President Trump, but it sure beats its Instagram copycat for making and sharing short videos.  —  Millions of people have used …
Stephanie Condon / ZDNet:
Cisco reports Q4 revenue of $12.2B, down 9% YoY, net revenue of $2.6B, up 19% YoY, says more than half its revenue is from software and services; stock down 6%+  —  Cisco posted better-than-expected Q4 results, with product sales declining and services revenue flat year-over-year.
Bloomberg:
Sources: Airbnb reported Q2 revenue of $335M, down from $842M in Q1 and over $1B in Q2 2019, as its adjusted loss rose to $400M, up from $341M in Q1  —  - Home share site also records a wider loss in second quarter  — A stock listing is back on track with recent travel rebound
Alex Kantrowitz / Big Technology:
Lora Kolodny / CNBC:
Lyft reports Q2 revenue of $339M, above expectations but down 61% YoY, as active riders drop 60% YoY to 8.7M; revenue per active rider was $39.06, down 2% YoY  —  - Ride-hailing company Lyft reported results for the period ending June 30, 2020, its first full quarter during the Covid-19 pandemic.
Debby Wu / Bloomberg:
Foxconn says it plans to split supply chain between the Chinese and US markets as trade ties fracture and declares that China's time as world's factory is over  —  - Hon Hai planning separate supply lines for the two big markets  — Company's earnings outperformed expectations but warns on Q3

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