Techmeme
July 29, 2022, 6:45 PM

Top News

Leah Nylen / Bloomberg:
Sources: Lina Khan overruled FTC staff to sue Meta over its Within acquisition; the FTC didn't take sworn interviews of company execs in the nine-month inquiry  —  Federal Trade Commission Chair Lina Khan led her fellow Democrats in the agency's majority vote to sue Meta Platforms Inc. this week …
Cecilia Kang / New York Times:
FTC chair Lina Khan's attempt to block Meta's Within acquisition upends decades of antitrust standards and may shift how DC enforces competition in nascent tech  —  Lina Khan may set off a shift in how Washington regulates competition by filing cases in tech areas before they mature.
Richard Lawler / The Verge:
A Delaware judge rules that Twitter's case against Elon Musk for attempting to exit his $44B takeover will go to trial from October 17 to October 21, 2022  —  Everybody's going to the Court of Chancery  —  We have a schedule for the Delaware Court of Chancery trial over T witter's lawsuit …
Abner Li / 9to5Google:
Amazon plans to shut down Drive, its cloud storage service launched in March 2011, at the end of 2023 to focus “on photos and video storage with Amazon Photos”  —  In an email to customers this morning, Amazon announced that its “Drive” cloud storage service is shutting down at the end of 2023.
Chance Miller / 9to5Mac:
Apple expands App Store ads from the Search tab and Search results to the App Store's Today homepage and individual app pages  —  Apple is expanding its advertising business and adding two new ad slots to the App Store.  Currently, the App Store has two ad slots: one on the main ‘Search’ tab and one in the Search results.
Matt Binder / Mashable:
Crypto network Helium claimed for years that Lime is a client, which Lime calls “a false claim”; source: Lime is preparing to send a cease and desist to Helium  —  Is this really Web3's golden goose?  —  Helium is often heralded as one of the largest success stories in the Web3 space …
David E. Sanger / New York Times:
As Congress debated the $280B CHIPS Act for 13 months, China's semiconductor industry surged ahead, making a 7nm chip that may be based on, or stolen from, TSMC  —  While Congress argued over whether and how to support American chip makers and research in other technologies China was surging ahead.
Apple:
Apple reports record Q3 revenue of $83B, up 2% YoY, vs $82.8B est., net income down 11% to $19.4B, iPhone revenue up 3% to $40.7B, Mac revenue down 10% to $7.4B  —  iPhone and Services drive June quarter record revenue  —  Active installed base of devices reaches all-time high for all major product categories
Reuters:

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More News

Manu P Toms / The Economic Times:
Joseph Cox / VICE:
Olivia Solon / Bloomberg:
Nathan Grayson / Washington Post:
Manish Singh / TechCrunch:

Earlier Picks

Pete Schroeder / Reuters:
Richard Lawler / The Verge:
Amanda Silberling / TechCrunch:
Todd Spangler / Variety:
Jordan Novet / CNBC: