Techmeme
July 19, 2022, 5:05 PM

Top News

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 …
Malathi Nayak / Bloomberg:
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 …
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 …
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.
Aisha Malik / TechCrunch:
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 …
Sarah Whitten / CNBC:
Netflix reports Q2 revenue up 9% YoY to $7.97B, , vs $8.04B est., and a 970K subscriber loss vs an estimated 2M subscriber loss; stock jumps 5%+ after hours  —  Netflix shares jumped 6% after the company said it lost fewer subscribers than anticipated during the second quarter.
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 …
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 …
Chris Welch / The Verge:
Amazon starts rolling out a Prime Video redesign for Android and connected TV devices, with a Netflix-like look, a top 10 list, a vertical navigation, and more  —  New navigation, a top 10 list, and a very familiar look and feel  —  Compared to Netflix, Disney Plus, and other major streaming services …
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 …
Hannah Miller / Bloomberg:
Blockchain security company Halborn, which works with Coinbase, Ava Labs, and others, raises a $90M Series A led by Summit Partners  —  Blockchain security firm Halborn has raised $90 million, the company told Bloomberg News.  The deal is an outlier in a climate where venture capital investing …

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