| Dan Primack / Axios: |
Walmart says it is working with Microsoft on the TikTok deal, sources say with the idea of turning TikTok US into an e-commerce app for creators and users — Microsoft is working with Walmart on its efforts to buy TikTok's U.S. business from China's ByteDance, Axios has learned from multiple sources close to the process.| Financial Times: |
TikTok CEO Kevin Mayer resigns, sources say after Trump threatened to ban the app; Vanessa Pappas, currently general manager of TikTok, will become interim head — Former Disney executive resigns just months after appointment by Chinese video platform — Kevin Mayer has quit TikTok … | Alex Sherman / CNBC: |
Sources: TikTok likely to announce a sale of US, Canada, Australia, and NZ operations in a deal worth $20B to $30B as soon as next week — - TikTok is nearing an agreement to sell its U.S., Canadian, Australian and New Zealand operations in a deal that could be announced as soon as next week, sources say.| The Wrap: |
Sources: Oracle has taken the lead position to acquire TikTok and is offering $10B in cash, $10B in stock, and 50% of TikTok's annual profit to ByteDance — Oracle, the technology giant led by Larry Ellison, has taken the lead position to acquire the Chinese-owned social app TikTok … | Dieter Bohn / The Verge: |
Amazon unveils Halo, a $100 fitness band with an app to track emotional tone and create 3D scans for body fat, with an optional $4/month subscription service — It makes a 3D model of your body and tracks the emotional tone in your voice — Amazon is getting into the health gadget market … | Russell Brandom / The Verge: |
Facebook users reported Kenosha Guard's Page and event to Facebook before the shootings but were told it did not violate its policies; the Pages are now gone — Multiple users reported the account for inciting violence, but were told it did not violate platform policy| Chris Gilliard / OneZero : |
The technocratic language Facebook uses in its takedown reports hides the human trauma caused by material that exists only because Facebook made it possible — These reports obscure a torrent of hate speech and other toxic content — If — you've never read a Facebook … | Sarah Perez / TechCrunch: |
Google revamps Assistant's Snapshot feature for iOS and Android, adding personalized recommendations powered by existing user data — Google is revamping its two-year old “Snapshot” feature in Google Assistant for iOS and Android. The company in 2018 had first introduced Google Assistant Snapshot … | Catalin Cimpanu / ZDNet: |
DOJ sues to recover 280 BTC and ETH accounts the DOJ believes are storing funds that North Korean hackers stole from two cryptocurrency exchanges in 2019 — US officials are going after 280 BTC and ETH accounts storing funds North Korean hackers stole from two cryptocurrency exchanges.| Jeff John Roberts / Fortune: |
Digital Currency Group to invest $100M in its subsidiary Foundry, which was quietly formed in 2019 to mine bitcoin and other cryptocurrencies in N. America — In the early days of Bitcoin, people could mine the cryptocurrency in their homes using cell phones or laptops.| Jonathan Shieber / TechCrunch: |
CDN provider Fastly to acquire security monitoring and management company Signal Sciences for $775M — Los Angeles was always more than a one industry town, even when it comes to technology startups, but media and entertainment (and social networking) were always the big draws in tinseltown.| Natalie Gagliordi / ZDNet: |
VMware beats estimates for Q2 with revenue of $2.88B, up 9% YoY, as subscription and SaaS revenue jumped 44% YoY to $631M — VMware said subscription and SaaS revenue for the second quarter jumped 44% from a year ago to $631 million, and represented 22% of total Q2 revenue.| Stephanie Condon / ZDNet: |
HP Inc. reports Q3 revenue of $14.3B, down 2.1% YoY, with notebook sales up 32% YoY but workstation revenue down 30% YoY and printing net revenue down 20% YoY — With the COVID-19 pandemic driving up demand for notebooks, HP said its shipments grew by 32 percent year-over-year.| Rafat Ali / Skift: |
A few lessons for the events industry from digital turning points in music, video, and news industries, as Zoom transforms events like Napster changed music — All types of business events are in danger of their revenue streams of tickets, sponsorships, memberships, and other types of fees being eroded.| Kia Kokalitcheva / Axios: |
SEC approves NYSE rule that lets companies raise capital through direct listings, a technique Spotify and Slack used, following similar NASDAQ request this week — The U.S. Securities and Exchange Commission on Wednesday approved the New York Stock Exchange's rule change that will allow companies … | C. Scott Brown / Android Authority: |
Leaked video appears to show LG's forthcoming dual-screen Wing, which has a rumored 6.8-inch main display and a flip-out 4-inch second display — - The video gives us ideas of possible use cases for a phone with this design, and they are pretty compelling.| Nikkei Asian Review: |
Source: Japan Display plans to sell its smartphone screen factory in Hakusan, Japan to Sharp for $377M; JDI will repay Apple for its investment in the factory — Cash will go to repay iPhone maker for investment on idle LCD factory — TOKYO — Struggling Apple supplier Japan Display plans … | Annie Palmer / CNBC: |
Amazon opens its first Fresh grocery store in Los Angeles to select customers, equipped with Dash Carts and voice-activated Echo Show displays — - Amazon is opening the first location of its new chain of Fresh grocery stores. — The store, located in Los Angeles' Woodland Hills neighborhood … | Bloomberg: |
Sources detail US antitrust investigations into Google, which are focusing on how the company bundles its ad tools in potentially anticompetitive ways — - Investigators ask rivals about Google bundling adtech tools — Probe has parallels to the U.S. case against Microsoft in 1998| Scott Stein / CNET: |
Inside Facebook's Horizon, a VR massive multiplayer world, as it enters an invite-only beta, as questions remain about privacy and safety — We're standing in an escape room space, where one of us is trying to guide a block into a target and communicate to the other person, standing behind a wall at a control panel.| Bloomberg: |
Counterpoint: Apple's AirPods are expected to sell 82M pairs this year, but their worldwide market share of true wireless earphones will drop from ~50% to 35% — - AirPods maker is projected to sell 82 million pairs this year — Wider market growing even faster, driven by cheaper models| Nick Statt / The Verge: |
A look at the vast Unreal Engine ecosystem, from game developers to Hollywood studios to car makers, that may be affected if Apple bans Epic's developer account — Epic's legal fight with Apple over the future of Fortnite has quickly evolved into an existential battle for one of the game studio's … | Shubham Agarwal / Digital Trends: |
Twitter says it “may limit the visibility” of “copypasta” tweets that feature text that has been copy and pasted without any modifications from the source — Twitter will now hide tweets that feature text that's been copy and pasted without any modifications from the source.
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| Daniel Cooper / Engadget: |
| Sara Fischer / Axios: |