Techmeme
August 27, 2020, 7:05 PM

Top News

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
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.
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 and VMware
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.
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:
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

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Daniel Cooper / Engadget:
Sara Fischer / Axios: