Techmeme
October 28, 2020, 10:20 AM

Top News

YouTube:
Mike Masnick / Techdirt:
In Mark Zuckerberg's prepared testimony for Wednesday's Senate hearing, he advocates for Congress to update Section 230 to “make sure it's working as intended”  —  This shouldn't be much of a surprise, unfortunately, but it appears that once again Facebook is the first to crack …
Microsoft:
Microsoft Q1: revenue of $37.2B, up 12% YoY, net income of $13.9B, up 30% YoY, revenue for Intelligent Cloud was $13.0B, up 20% YoY  —  REDMOND, Wash. — October 27, 2020 — Microsoft Corp. today announced the following results for the quarter ended September 30, 2020, as compared to the corresponding period of last fiscal year:
Tom Warren / The Verge:
Financial Times:
Industry sources say changes to iOS 14 search show Apple is stepping up its efforts to build its own search tools as Google deal comes under antitrust scrutiny  —  iPhone maker explores building its own search tools as ties to Google come under antitrust scrutiny
Juli Clover / MacRumors:
Report: tensions over profit margins are souring Apple and Foxconn's partnership, leading Foxconn to employ questionable manufacturing and reporting tactics  —  The relationship between longtime partners Apple and Foxconn is eroding due to a battle over profit margins, according to a new report from The Information.
Tom Simonite / Wired:
A study of ~57,000 kidney disease patients in the Boston area finds that an algorithm used to decide priority for transplants was biased against Black patients  —  A formula for assessing the gravity of kidney disease is one of many that is adjusted for race.  The practice can exacerbate health disparities.
Hugh Son / CNBC:
JPMorgan says its digital token JPM Coin is now live for commercial use, as the bank launches new business unit Onyx for its blockchain and crypto efforts  —  - JPMorgan Chase said its digital currency, JPM Coin, is being used commercially for the first time this week by a large technology client to send payments around the world.
Wall Street Journal:
Sources: the DOJ is scrutinizing Visa's purchase of Plaid, which helps fintech apps connect to users' bank accounts, because it could limit nascent competition  —  The DOJ, making preparations for potential litigation, could soon decide whether it will sue to block Visa's purchase of the fintech firm
Steve Dent / Engadget:
Alphabet's Loon claims the record for longest stratospheric flight of 312 days while circumnavigating the globe, with one of its balloons  —  Google parent Alphabet has revealed that one of its Loon balloons spent 312 days aloft, breaking its previous stratospheric flight record of 223 days, by a wide margin.
Patrick Moorhead / Forbes:
Mark Gurman / Bloomberg:
Sources: Apple acquired Barcelona-based Vilynx, a startup specializing in AI and computer vision tech, earlier this year for about $50M  —  - Barcelona-based Vilynx's technology makes video search easier  — Apple has purchased several AI startups to buttress Siri, apps
Brian Heater / TechCrunch:
Reddit says that moving forward it will let employees work from home, with some exceptions, and that it won't lower pay for US staff if they move within the US  —  Spurred on by the seemingly endless COVID-19 pandemic — and no doubt inspired by similar moves from companies like Twitter …
Ingrid Lunden / TechCrunch:
Amazon opens a dedicated website for Sweden at amazon.se  —  Amazon is the biggest online retailer in Europe, and today it took the next step in making that effort more localized.  The company has launched a dedicated portal for Sweden at Amazon.se — giving Swedish shoppers, third-party merchants …
More: EU About Amazon, Reuters, and PYMNTS.comTweets: @amazonnewseuThanks:@ingridlunden
Mike Butcher / TechCrunch:
Streetbees, a market research service that pays users to complete surveys, raises $39M Series B led by Lakestar  —  Streetbees started out as an app for consumers to snap pictures of supermarket shelf layouts and get paid.  Consumer brands wanted to know if the supermarkets really had put them at eye level or not.
More: EU-Startups and Tech.eu
Ron Miller / TechCrunch:
Kandji, a mobile device management startup for Apple devices, raises $21M Series A led by Greycroft, bringing its total raised to $28.4M  —  Kandji, a mobile device management (MDM) startup, launched last October.  That means it was trying to build the early stage company just as the pandemic hit earlier this year.

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