Techmeme
July 19, 2022, 8:50 PM

Top News

Sarah Whitten / CNBC:
Netflix reports Q2 revenue up 8.6% YoY to $7.97B, vs $8.04B est., and a 970K subscriber loss vs an estimated 2M subscriber loss; stock jumps 7%+ after hours  —  - Netflix only lost around 970,000 subscribers during the second quarter, a smaller loss than the 2 million it had projected last quarter.
Jonathan Stempel / Reuters:
Apple agrees to pay $50M to settle a class-action lawsuit claiming the company knew and concealed that its MacBook butterfly keyboards were prone to failure  —  Apple Inc (AAPL.O) agreed to pay $50 million to settle a class-action lawsuit by customers who claimed it knew and concealed that the …
CNBC:
The Delaware Court of Chancery grants Twitter an expedited five-day trial in October in its lawsuit against Elon Musk, who wanted the trial to begin in 2023  —  - Twitter won its motion for an expedited trial in its lawsuit against Elon Musk on Tuesday.  — Delaware Court …
Katyanna Quach / The Register:
Google and Oracle report some of their cloud services and servers in the UK went offline due to cooling failures amid the country's record-breaking heatwave  —  Clouds burst as nation hits 40C  —  Cloud services and servers hosted by Google and Oracle in the UK have fallen offline due …
Ivan Mehta / TechCrunch:
Google will let non-gaming Android apps provide alternative billing systems for IAP, reducing Google's Play Store cut by 3%, in the European Economic Area  —  Google said today it will allow developers of non-gaming apps on the Play Store to provide alternative billing systems for in-app transactions …
Makena Kelly / The Verge:
US lawmakers release internal Amazon, Meta, and Google documents that they say show evidence of self-preferencing, as they call for tougher tech antitrust laws  —  The House Judiciary Committee released new documents Tuesday  —  New internal documents released Tuesday detail how three …
Wall Street Journal:
Memo to staff: Meta is reallocating resources from Facebook's News tab and newsletter platform Bulletin, as the company focuses more on the creator economy  —  Senior executive Campbell Brown told employees that products will be ‘put on the backburner’  —  Meta Platforms Inc.'s Facebook …
Aisha Malik / TechCrunch:
Instagram adds a searchable map for exploring nearby popular tagged locations, which can be filtered by restaurants, cafes, beauty salons, and other categories  —  Meta CEO Mark Zuckerberg announced today that the company is introducing a new searchable and dynamic map experience on Instagram.
Corin Faife / The Verge:
Google finds Android spyware, distributed outside the Play Store, that Russians disguised as an app for Ukrainians to launch DDoS attacks against Russian sites  —  Details were published in a blog post from the Threat Analysis Group, which tracks state-backed cyber activity
Todd Spangler / Variety:
YouTube rolls out new shopping features, including a Shopify partnership to let eligible US creators and merchants link their Shopify store and YouTube channel  —  YouTube already soaks up billions of hours of the world's attention.  Now the video giant also wants to hoover up a bigger piece of consumers' online purchases.
Andrew Hayward / Decrypt:
Zebedee, which focuses on adding Bitcoin and Lightning payment support in games, raises a $35M Series B led by Kingsway Capital with Square Enix among investors  —  Zebedee has raised another $35M to power in-game payments via the Lightning Network, and the gaming giant is onboard.  —  In brief
Christopher Zara / Fast Company:
BeReal, the social photo sharing app launched in early 2020 in France, is the No. 1 free app in Apple's US App Store; Sensor Tower: BeReal has 20M+ installs  —  No doubt you've seen the innumerable recent hot takes about BeReal.  The French photo app, launched in early 2020 as a kind …
Zack Whittaker / TechCrunch:
BitSight: a popular GPS vehicle tracker made by Shenzhen-based Micodus can be easily exploited to track and remotely cut the engines of at least 1M vehicles  —  Security vulnerabilities in a popular Chinese-built GPS vehicle tracker can be easily exploited to track and remotely cut the engines …
Jon Porter / The Verge:
Samsung appears to use “cryptic” puzzles on Twitter to confirm its next Unpacked event is on August 10, 2022, as rumors suggest new foldables and smartwatches  —  Sure looks like the leaks were accurate  —  In a trio of images posted to its official Twitter account …
Taylor Hatmaker / TechCrunch:
Amazon files a lawsuit against the administrators of 10K+ Facebook groups that offer cash or goods to users willing to post bogus product reviews on Amazon  —  If the reviews of the last completely necessary and not at all superfluous thing you bought on Amazon looked like so much copypasta …
Wall Street Journal:
Sources: China plans to fine Didi $1B+ for its cybersecurity practices and ease new user restrictions, letting Didi restore its apps and pursue a Hong Kong IPO  —  Move ends yearlong investigation and will free firm to pursue a second listing in Hong Kong  —  SINGAPORE—Chinese authorities …

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Chris Welch / The Verge:
Martin Matishak / The Record:
Malathi Nayak / Bloomberg:
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