| Insider: |
In an abrupt reversal, OnlyFans suspends its October 1 policy change banning porn after securing “assurances” and aims to provide “a home for all creators” — - OnlyFans is reversing its recent decision to ban porn. — It had planned to prohibit sexually explicit … | Lauren Feiner / CNBC: |
Following WH meeting, Google says it will spend $10B over 5 years and train 100K IT and data workers, Apple pledges supply chain security improvements, more — - The White House hosted a cybersecurity summit with CEOs in sectors ranging from tech to insurance.| Washington Post: |
Biden meets with CEOs from Apple, Microsoft, Alphabet, Amazon, and others to discuss cybersecurity, says private sector must do more to protect infrastructure — “You have the power, capacity and responsibility, I believe, to raise the bar on cybersecurity,” President Biden tells CEOs of Apple, Google, JP Morgan Chase| Joan E. Solsman / CNET: |
YouTube says it has removed over 1M videos related to COVID misinfo since February 2020, and says it removes 10M videos a quarter, most of which have <10 views — But the 1 million coronavirus-related takedowns since the start of the pandemic are difficult to put in context, because of YouTube's gigantic scale.| New York Times: |
Sources: Facebook has approached experts about forming an advisory body for how it handles global election matters, such as political ads, misinfo, and more — The social network has contacted academics to create a group to advise it on thorny election-related decisions, said people with knowledge of the matter.| Jay Peters / The Verge: |
Fitbit announces Charge 5 with a rounded design, a larger and brighter color AMOLED display, GPS, and more, arriving in the fall for $179.95 — It costs $179.95 and will be out this fall — Following a couple of big leaks, Fitbit is officially announcing the Charge 5 … | Amanda Silberling / TechCrunch: |
Facebook adds features to Messenger on its 10-year anniversary, including word effects, contact sharing, and birthday gifting via Facebook Pay — To celebrate its ten year anniversary, Messenger today announced a handful of new features: poll games, word effects, contact sharing, and birthday gifting via Facebook Pay.| The Markup: |
How Fannie and Freddie requiring mortgage lenders use its credit scoring algorithm leads to a disproportionately high number of Black applicants being rejected — These two people applied for loans in Chicago, Ill., in 2019. — They both earned $350K-$400K — and their debt level was healthy.| Ron Miller / TechCrunch: |
Canalys: US PC sales in Q2 2021 up 17% YoY, with 36.8M total units sold, notebooks up 27%, desktops up 23%, tablets down 1%; HP leads with 21.9% of market share — Canalys released its quarterly U.S. PC sales today, and while the news was quite good with sales overall up 17% YoY … | Brian Heater / TechCrunch: |
Meditation app Headspace unveils plans to merge with Ginger, an on-demand mental health service, in a deal valuing the combined company at $3B — Meditation app Headspace this morning announced plans to merge with on-demand mental health service, Ginger. Barring unforeseen regulatory roadblocks … | Russell Brandom / The Verge: |
GAO: 19 of 24 US government agencies surveyed use facial recognition in some capacity; DoD and DHS both have in-house systems, while 4 had used Clearview AI — A new GAO report finds 19 agencies are using some form of the technology — A new report from the Government Accountability Office … | Wall Street Journal: |
Sources: Western Digital is in advanced talks to merge with Kioxia, the chipmaker spun out of Toshiba in 2018, in a deal that could be valued at more than $20B — Stock deal could be finalized as early as the middle of September, according to people familiar with the matter| Bahk Eun-ji / The Korea Times: |
South Korea will abolish a decade-old law that stops kids under 16 from playing online games between 12AM and 6AM, after heavy criticism — The government has decided to abolish the game curfew for children, 10 years after the controversial rule was established, as the outdated law is not having … | Kurt Wagner / Bloomberg: |
Facebook's David Marcus says Novi digital wallet is “ready now”, but will wait for the Diem currency, and it is “definitely looking at” building NFT features — Social network is ‘definitely looking’ at digital assets as part of push into financial products, executive says| Jordan Novet / CNBC: |
Salesforce beats in Q2 with revenue of $6.34B, up 23% YoY, Platform and Other revenue of $1.88B, up 24% YoY, and Sales Cloud revenue of $1.48B, up 15% YoY — - Salesforce lifted its full-year earnings projection after closing. theSlack acquisition last month. — The enterprise software company showed 23% revenue growth.| Tech Transparency Project: |
Investigation finds underage users can easily evade age limits on ~80 apps on Apple's App Store, such as dating, sex, and gambling apps restricted to ages 17+ — Apple just announced new steps to flag child sex abuse images on iPhones. But a TTP investigation shows that Apple's App Store is rife with child safety problems.| Matthew Ball / MatthewBall.vc: |
A deep look at why expanding into gaming is so important to Netflix, the competition it faces from games like Fortnite, and what its current strategy looks like — In 2018, I released the third entry in my “Netflix Misunderstandings” series: “Netflix Isn't Being Reckless, It's Just Playing a Game No One Else Dares.”| Manish Singh / TechCrunch: |
Xiaomi reports Q2 revenue rose 64% YoY to $13.56B, as net income rose 80% YoY to $1.28B, and says it will buy autonomous driving startup Deepmotion for ~$77.3M — Xiaomi reported a second-quarter net income of $1.28 billion on revenue of $13.56 billion following the Chinese technology giant's strong surge … | Richard Milne / Financial Times: |
Klarna says losses in Q2 soared to $111M, up from $10M in Q2 2020, as credit defaults doubled, driven by an expansion in new markets — Swedish ‘buy now, pay later’ start-up continues rapid expansion in new markets — Klarna's losses increased significantly in the second quarter … | Wall Street Journal: |
As studios lean into simultaneous theater and streaming releases, high-quality pirated versions of movies are hitting piracy sites within hours of their release — Bootlegging and sharing high-quality digital copies of movies is easier than ever, as studios leaned harder into streaming during pandemic| Joshua Benton / Nieman Lab: |
Facebook's most-viewed story in Q1, a Chicago Tribune story linking a man's death to COVID vaccines, shows why publishers should consider how content is shared — On Friday, The New York Times had a scoop. Facebook — that known vector for the spread of kid photos, neighborhood goings-on … | Washington Post: |
A look at Vaccine Talk, a tightly moderated Facebook group for vaccine skeptics with ~70K members that aims to change their minds with evidence-based info — As social media giants struggle to crack down on false claims about covid, ordinary users are finding ways to reach vaccine skeptics — and win them over.| Christine Hall / TechCrunch: |
Cribl, which helps companies monitor and analyze data created by their infrastructure, raises $200M Series C, source says at a $1.5B valuation — At a time when remote work, cybersecurity attacks and increased privacy and compliance requirements threaten a company's data … | Eric J. Savitz / Barron's Online: |
Snowflake beats in Q2 with revenue of $272.2M, up 104% YoY, 4,990 total customers, up 60% YoY, and losses of $189.7M vs. $77.6M in Q2 2020 — Snowflake shares are gaining ground in late trading after the company posted better-than-expected growth for its fiscal second quarter ended July 31.| Financial Times: |
UK's FCA says it is “not capable” of overseeing Binance despite “significant risk” posed by its products, after Binance “refused” to answer basic questions — Company's UK affiliate ‘refused’ to respond to basic questions, says British regulator| Matt Burns / TechCrunch: |
Jane Technologies, which offers an online weed marketplace for consumers and builds e-commerce backends for cannabis dispensaries, raises $100M Series C — Don't call Jane Technologies the Amazon of weed. Instead, think of Jane Technologies as the Shopify of weed, and it's an important distinction.
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