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August 27, 2020, 8:55 PM
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| 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.
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CNBC, New York Times, Reuters, The Verge, Bloomberg, Windows Central, Engadget, Gizmodo, The Information, International Business Times, Adweek, ZDNet, Financial Times, and iPhone in Canada Blog
Tweets: @broderick, @tedgioia, @alexstamos, @mehedih_, @loudmouthjulia, @levie, @satyan, @lisaabramowicz1, @jaybaer, @leojtravis10, @kantrowitz, @jenniferjjacobs, @parismartineau, @danprimack, @mattgarrahan, @sub8u, @pkafka, @vijayshekhar, @wes_nship, @broderick, @jessicalessin, @inafried, @inafried, @tomwarren, @mikeisaac, and @tokenceo
| 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 …
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New York Times, Wall Street Journal, The Verge, CNBC, CNN, Wall Street Journal, The Hill, TechCrunch, iMore, Bloomberg, Windows Central, The Guardian, Social Media Today, CNET, Tubefilter, Android Headlines, dexerto.com, New.blicio.us, MSPoweruser, Digiday, Newser, GeekWire, Adweek, AppleInsider, and Fortune
Tweets: @cnbcnow, @neilcybart, @v_ness, @loudmouthjulia, @loudmouthjulia, @hawleymo, @panzer, @esaagar, @taralach, @niubi, @kylebrussell, @wongmjane, @taylorlorenz, @sal19, @joshconstine, @loudmouthjulia, @jason, @martinsfp, @karaswisher, @_harshilshah, @refsrc, @loudmouthjulia, @amlewis4, @kurtwagner8, @neilcybart, @caseynewton, @carnage4life, @colinmort, @nongaap, @sub8u, @taylorlorenz, and @newley
| Alex Sherman / CNBC: |
Sources: Walmart sought majority stake in TikTok, but US demanded a tech firm as lead investor; Walmart originally was in consortium with SoftBank and Alphabet — - Walmart wanted to be the majority owner of TikTok, but the U.S. government demanded a technology company that could secure …
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Seeking Alpha, Pocket-lint, OnMSFT.com, 9to5Mac, iDownloadBlog.com, MacDailyNews, and Variety
Tweets: @robinwauters, @can, @seyitaylor, @sherman4949, @sherman4949, @jordannovet, and @carlquintanilla. Thanks:@mattrosoff
| 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.
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Ars Technica, Nikkei Asian Review, Hollywood Reporter, Variety, The Daily Dot, CNET, OnMSFT.com, Game Rant, MSPoweruser, Neowin, Tubefilter, PingWest, PYMNTS.com, and Windows Central
Tweets: @sherman4949, @mattrosoff, @pkafka, @sharonwaxman, @mehedih_, @mattrosoff, @jessicalessin, @qhardy, and @zeanes
| 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 …
Source:
Protocol. More:
TechCrunch, Thurrott, Bloomberg, The Information, TheStreet, Digital Trends, Android Headlines, Investor's Business Daily, and MSPoweruser
Tweets: @hshaban, @caseynewton, @yoda, @mgsiegler, @kantrowitz, @jaycuthrell, @jchu, @teddyschleifer, @alexdevkar, @storagezilla, and @llsethj
| 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 …
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Amazon.com, Inc., Washington Post, CNBC, Engadget, The Amazon Blog, TechCrunch, Associated Press, iMore, CNN, XDA Developers, Protocol, Input, SlashGear, Windows Central, Digital Trends, ZDNet, Financial Times, GeekWire, Tom's Guide, International Business Times, iDownloadBlog.com, Macworld, Thurrott, Android Police, Computer Business Review, AppleInsider, Gizmodo, Neowin, Android Authority, Pocket-lint, Ars Technica, iPhone Hacks, 9to5Toys, Wareable, Protocol, iPhone in Canada Blog, MacRumors, The Irish Times, Business Insider, and TheStreet
Tweets: @chrissyfarr, @backlon, @umbrashinee, @jjvincent, @chuckwendig, @c_davies, @sapna, @rosiegray, @kate_mckean, @mer__edith, @hallstephenj, @345triangle, @b_fung, @cloudcomplices, @backlon, @brianroemmele, @willoremus, @evan_greer, @shiraovide, @karaswisher, @caitlin_mcgarry, @backlon, @bigblackjacobin, @chrissyfarr, @backlon, @tomwarren, @laurengoode, and @pippedtodeath
| 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.| 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 … | Russell Brandom / The Verge: |
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The Guardian, BuzzFeed News, Rolling Stone, Business Insider, The Verge, and JSOnline
| 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 …
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The Keyword, Android Police, Android Authority, The Verge, Neowin, XDA Developers, 9to5Google, SlashGear, and CNET. Tweets: @fredericl
| 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.| 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.| Alexander Maxham / Android Headlines: |
Sources: Sony's Xperia 5 II will feature a 6.1" 21:9 OLED screen, 120Hz refresh, Snapdragon 865, 8GB RAM, 4,000mAh battery, 3-camera array; release on Sept. 17 — The Sony Xperia 5 II is shaping up to be a pretty impressive device from the company. And we have just about every detail about Sony's new flagship smartphone.
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CNET, Pocketnow, PhoneArena, Xperia Blog, The Verge, Gizchina, 9to5Google, and Droid Life
| 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.| 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.
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NDTV Gadgets 360, MobileSyrup, Beebom, TechRadar, SlashGear, KnowTechie, Android Central, Liliputing, Engadget, Ars Technica, The Verge, Android Police, PhoneArena, Neowin, TechSpot, GSMArena.com, Tom's Guide, 9to5Google, BGR, Mashable, XDA Developers, and Phandroid
Tweets: @alexdobie and @jon4lakers
| 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 …
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Reuters, AppleInsider, and iMore
| 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 …
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The Amazon Blog, Reuters, CNET, CNN, USA Today, PCMag, Washington Post, Forbes, Business Insider, Pocket-lint, designboom, Benzinga, Supermarket News, Progressive Grocer, Food & Wine, Fox Business, Adweek, PYMNTS.com, SlashGear, GeekWire, and Engadget. Tweets: @leynanguyentv
| 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.
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Fastly, San Francisco Business Journal, dot.LA, CRN, CyberScoop, SiliconANGLE, Dark Reading, Signal Sciences, and ZDNet
| 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.
More:
SiliconANGLE, Morningstar, and VMware
| 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 …
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Financial Times, Wall Street Journal, Reuters, CNBC, and Forbes
| 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.
Tweets: @waxy, @joshelman, @bwertz, @martinsfp, @ruudwjanssen, @rashmi, @abrams, @tolles, @joshsternberg, @narendra, @robpegoraro, @ckrewson, and @chr1sa
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