Techmeme
September 21, 2020, 1:00 PM

Top News

David McCabe / New York Times:
Trump says he would not approve a TikTok deal unless ByteDance ceded its control, after ByteDance said it would retain an 80% stake  —  President Trump on Monday said that he would not approve a deal for TikTok if its Chinese owner did not fully sell its interest in the product …
Financial Times:
ByteDance asserts it will maintain majority ownership and control over TikTok Global and will not transfer source code or technology to Oracle and Walmart  —  Chinese company contradicts assertions of Donald Trump, Oracle and Walmart  —  ByteDance said on Monday that it would maintain majority ownership …
Bloomberg:
Trump says he wants the $5B pledged from the companies making the new US-based TikTok venture put toward teaching US children “the real history of our country”  —  President Donald Trump said Saturday he wants $5 billion from companies creating a new U.S.-based TikTok venture …
Jonathan Shieber / TechCrunch:
US delays TikTok ban by a week, as company says Oracle and Walmart may take 20% stake in TikTok Global's pre-IPO round, host US user data and computer systems  —  Well... that was pointless.  —  After debasing the idea of free commerce in the U.S in the name of a misplaced security concern …
Microsoft:
Microsoft says it will acquire ZeniMax Media and its game publisher Bethesda Softworks for $7.5B in cash; Bethesda develops Fallout, DOOM, Quake, and others  —  Iconic games portfolio, publishing expertise, and world-class talent accelerates growth in Microsoft's Gaming business
Danny Crichton / TechCrunch:
As the TikTok deal and Huawei imbroglio show, US is no longer on the leading edge of technology in many key strategic markets, and is falling further behind  —  It used to be “easy” to tell the American and Chinese economies apart.  One was innovative, one made clones.
Frederic Lardinois / TechCrunch:
Amazon says Echo and Tile devices will become Bluetooth bridges for Sidewalk, its low-bandwidth, long-range wireless protocol, later this year  —  Last year, Amazon announced its Sidewalk network, a new low-bandwidth, long-distance wireless protocol it developed to help connect smart devices inside and …
OneZero :
Interviews with 36+ experts, insiders, and researchers: Facebook, Google, Lime, Zoom, and others fail to assess the risks of new products, focusing on profits  —  ne spring day in 2014, Susan Benesch arrived at Facebook's headquarters in Menlo Park and was ushered into a glass-walled conference room.
Tweets: @schemaly, @medium, @dlberes, and @mvzelenksThanks:@dlberes
Rachel Kraus / Mashable:
Twitter says it will investigate after users find its preview of a photo, with a Black person and a white person, more frequently displayed the white person  —  The first look a Twitter user gets at a tweet might be an unintentionally racially biased one.  —  Twitter said Sunday …
Frank Chaparro / The Block:
Cryptocurrency exchange Kraken says it's launching a bank under a new regulatory framework in Wyoming, reducing its reliance on third-party providers  —  Uniswap has officially gone live with its governance token, dubbed UNI.  —  One billion tokens have been minted, according to a blog post …

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