Techmeme
July 29, 2021, 11:45 PM

Top News

Amazon.com, Inc.:
Amazon reports Q2 revenue of $113.08B vs. $115.2B est., net sales grew 27% YoY, net income of $7.8B, and AWS net sales of $14.8B, up 37% YoY; stock down 5%+  —  SEATTLE—(BUSINESS WIRE) July 29, 2021—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2021.
Nick Statt / Protocol:
A look at the fallout from the Activision Blizzard suit, as the company confirms it fired WoW lead for misconduct last year and hires “union-busting” law firm  —  An employee walkout, a tumbling stock price and damning new reports of misconduct.  —  Activision Blizzard is in crisis mode.
Maggie Fitzgerald / CNBC:
Robinhood closes down 8% on its first day of trading, after raising $2.1B in its IPO at a valuation of around $32B  —  - Stock trading app Robinhood fell more than 8% on its first day of trading on the Nasdaq.  — Robinhood's opening price was $38 per share.
Ryne Hager / Android Police:
Google updates Play Store policies to ban apps offering “compensated sexual relationships”, likely impacting sugar daddy dating apps, beginning September 1  —  Today, Google published a handful of changes to its Play policies, and nestled among precise legalese refinements …
Jonathan Greig / ZDNet:
Researchers detail a never-before-seen attack against Iran's train system and transport ministry from a new threat actor using a reusable wiper called Meteor  —  SentinelOne analysts were able to recreate the July 9 attack and identify the threat actor behind it.
Jing Yang / Wall Street Journal:
Sources: Didi is considering going private to placate Chinese authorities and compensate investors for losses with money made during its IPO; Didi denies report  —  Ride-hailing giant has been contemplating delisting plan as crackdown widens and has obtained support from cybersecurity watchdog
Michail / GSMArena.com:
Motorola announces the Edge 20, 20 Pro, and 20 Lite for Europe, Latin America, and Asia, coming in August with prices starting from €349.99  —  A trio of new Motorola phones was announced with the Edge 20 Pro, Edge 20 and Edge 20 Lite.  The Pro model brings a flagship specs sheet …
Thomas Brewster / Forbes:
Profile of Israeli surveillance startup Paragon, funded with $5-10M from US-based Battery, which sources say allows police to hack encrypted messaging apps  —  Paragon Solutions doesn't have a website.  There's very little information at all about them online, even if the Tel Aviv-based …
Karen Hao / MIT Technology Review:
Profile of Sophie Zhang, a former Facebook data scientist who wrote an exit memo detailing Facebook's inadequate steps to address global election misinformation  —  Sophie Zhang, a former data scientist at Facebook, revealed that it enables global political manipulation and has done little to stop it.
Kieran Leavitt / Toronto Star:
Canada proposes the creation of a digital safety commissioner role to oversee violations of new harmful online content rules and issue penalties to platforms  —  The Liberal government has proposed a vast new system that would be tailored to ensure illegal content, such as child pornography and hate-speech …
Ian Carlos Campbell / The Verge:
Amazon Kindle devices with built-in 3G won't be able to download e-books via cellular connection in the US starting in December as carriers switch off 2G and 3G  —  Devices that can't connect to Wi-Fi will be out of luck  —  Amazon's Kindle e-readers with built-in 3G will begin to lose …
Jordan Fabian / Bloomberg:
More than 90 CEOs, including Cook, Pichai, Jassy, and Zuckerberg, urge Congress to ensure citizenship for Dreamers, after a judge ruled against the program  —  - More than 90 executives seek legal status for Dreamers  — They say allowing citizenship would give U.S. economic boost
Karissa Bell / Engadget:
Twitter announces updates to Spaces which will let users tweet directly from the Space; iOS users will be able to search for live and upcoming Spaces  —  another update that makes the audio feature easier to share and discover.  Now, users will be able to compose a new tweet directly from the Space …
Salvador Rodriguez / CNBC:
Pinterest misses on user growth in Q2, with 454M MAUs vs. 482M est., as revenue beats, with $613M, up 125%+ YoY, vs. $562.1M est.; stock down ~14% after hours  —  - The company declined to provide third-quarter guidance on monthly active user due to the unknown impact of Covid-19 variants.
Danielle Kaye / Reuters:
LinkedIn will let most staff opt for full-time remote work, reversing a policy from last October that would have required in-office work half of the time  —  LinkedIn will allow most employees to opt for full-time remote work as offices gradually reopen, Chief People Officer Teuila Hanson told Reuters.

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Earlier Picks

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Wall Street Journal: