| Katie Bo Lillis / CNN: |
Sources: the FBI determined around 2017 that Huawei gear in cell towers near US military bases in the Midwest was capable of capturing and disrupting DoD comms — On paper, it looked like a fantastic deal. In 2017, the Chinese government was offering to spend $100 million to build … | Richard Waters / Financial Times: |
Meta closed down 7.59% and Alphabet closed down 5.63% on Friday, as Snap's and Twitter's weak earnings, inflation, and interest rates lead to online ad worries — Weak earnings raise fears that inflation and interest rates are starting to hit social media companies| Preetika Rana / Wall Street Journal: |
DoorDash and Uber Eats are moving beyond food, focusing on groceries and alcohol, as users cut spending due to high inflation and a potential economic downturn — Delivery apps look to move beyond food as they face high inflation, a potential economic downturn — Grubhub CEO on the Postpandemic Future of Food Delivery| Jonathan Stempel / Reuters: |
Uber admits it failed to inform the FTC of the November 2016 hack that affected 57M passengers and drivers, as part of a settlement to avoid US criminal charges — Uber Technologies Inc (UBER.N) on Friday accepted responsibility for covering up a 2016 data breach that affected 57 million passengers … | Bill Toulas / BleepingComputer: |
[Update] The Dutch Ministry of Education did not suspend the use of Chrome OS and Chrome — The Dutch Ministry of Education has decided to suspend the use of Chrome OS and Chrome web browser until August 2023 over concerns about data privacy. — The officials worry that Google services … | Dinesh Nair / Bloomberg: |
Sources: British satellite internet startup OneWeb is nearing a merger with France's Eutelsat, in a deal valuing OneWeb at $3B+; Eutelsat invested in OneWeb — British satellite firm OneWeb is nearing a deal to combine with France's Eutelsat Communications SA in a transaction that would create … | Cat Zakrzewski / Washington Post: |
A South Carolina bill would make it illegal to host a website or “an internet service” with information that is “reasonably likely to be used for an abortion” — More states could follow, setting up a battle over the future of online speech across the country. — Listen| Andy Maxwell / TorrentFreak: |
Epidemic Sound, which offers music tracks to creators, sues Meta for allegedly letting Facebook and Instagram creators use 94% of its tracks without licenses — Faced with the prospect of copyright strikes, Content ID claims and potential account loss, thousands of YouTubers, TikTok users … | Alex Kantrowitz / Big Technology: |
Google fires engineer Blake Lemoine, who said he believes Google's LaMDA conversational tech is sentient, citing employment and data security policy violations — Google has fired Blake Lemoine, the engineer who said he believed the company's LaMDA conversational technology was sentient.| Frank Chaparro / The Block: |
Blockchain infrastructure company Chain acquires Measurable Data Token, including the cash-back app RewardMe and the financial data protocol MeFi, for $100M — - Chain acquires Measurable Data Token ecosystem for $100 million. — The deal is unique inasmuch as it will involve a merge between Chain's XCN and MDT.| Jennifer Elias / CNBC: |
CBRE: San Francisco's office vacancy rate rose to 24.2% in Q2 2022, up 0.4% QoQ, as tech companies' flexible return-to-office demands slows the city's recovery — - The office vacancy rate in San Francisco rose to 24.2% in the second quarter from 23.8% in the prior period, according to CBRE research.| Kaoruko Ishibushi / Rest of World: |
Survey of ~14K delivery drivers in Japan: most work 40 hours or less per week, 63% are “satisfied”, and 82% would keep their jobs “for a while” or “forever” — Platform work has freed people from oppressive workplace culture. For now. — • TOKYO, JAPAN| Annie Palmer / CNBC: |
Twitter reports Q2 revenue down 1% YoY to $1.18B, vs. 1.32B est., a $270M net loss, down from $66M in net income a year ago, and 237.8M mDAUs, up 16.6% YoY — - Twitter reported earnings for the second quarter on Friday that missed analyst estimates on earnings, revenue and user growth.| Jacob Kastrenakes / The Verge: |
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