September 2, 2022, 12:55 PM

Top News

Patrick McGee / Financial Times:
Counterpoint: iPhone active installed base overtook Android to gain 50%+ share of the US smartphone market in Q2, up from 35% in 2019 and the highest since 2007  —  Milestone was passed in quarter ending in June, says Counterpoint Research  —  Apple has overtaken Android devices to account …
Lauren Forristal / TechCrunch:
Google and YouTube outline plans to curtail political misinformation during the 2022 US midterms, including highlighting journalism from authoritative sources  —  Google and its video sharing app YouTube outlined plans for handling the 2022 U.S. midterm elections this week …
Meta agrees a deal with Qualcomm to produce custom Snapdragon chips optimized for its Quest VR devices; the chips will not be exclusive to Meta  —  Meta Platforms Inc (META.O) signed an agreement to have chip-maker Qualcomm Inc (QCOM.O) produce custom chipsets for its Quest virtual reality devices …
Todd Spangler / Variety:
Sources: Netflix's ad-supported tier may debut on Nov. 1 in markets including Canada, France, Germany, UK, and US; the date was moved to beat Disney+'s Dec. 8  —  Netflix is moving up the timeline for the debut of its cheaper, ad-supported plan to November — in order to get out before the Dec. 8 launch …
Vikas SN / Moneycontrol:
Google extends third-party in-app billing to India, Australia, Indonesia, Japan, and the European Economic Area; non-gaming developers globally can participate  —  All non-gaming developers can offer an additional billing option to their mobile and tablet users on Google Play in India …
Katharine Gemmell / Bloomberg:
The UK's CMA says Microsoft's $69B Activision Blizzard acquisition will require an in-depth review and gives Microsoft a September 8 deadline to offer remedies  —  Microsoft Corp.'s planned $69 billion purchase of Activision Blizzard Inc. will be sent for an in-depth review unless …
Binance Blog:
Binance CEO Changpeng Zhao says Binance is not a Chinese company and rejects suggestions of it being secretly run by a Chinese national, Guangying Chen  —  One of the many strengths that our employees at Binance must possess is thick skin.  After all, this industry is the subject of a lot …
Sources: SoftBank is planning to cut at least 20% of staff, or around 100 positions, at its loss-making Vision Fund operation, mostly in the UK, US, and China  —  SoftBank Group Corp. is planning to cut at least 20% of staff at its loss-churning Vision Fund operation, following public pledges …
The Verge:
Sources detail how Twitter's health team, tasked with fostering civil conversations, went from 15 full-time staffers down to two amid the Musk acquisition chaos  —  It had been a long pandemic for Twitter's research team.  Tasked with solving some of the platform's toughest problems around harassment …
Coco Feng / South China Morning Post:
Sources: ByteDance CFO told staff that it has no plans to go public; report: CEO Liang said the company plans to reduce input into noncore businesses  —  TikTok 's parent company ByteDance , the world's most valuable unicorn, has no plans to go public, its chief financial officer told employees …
Munsif Vengattil / Reuters:
Industry group: India to pilot parallel testing of new electronic devices to speed up approvals and reduce time to certification from the current 16 to 21 weeks  —  India will try out a strategy of parallel testing to speed up safety approvals for new electronic devices …
Financial Times:
Sources: SEC probe into JPMorgan for letting staff use WhatsApp and other unapproved channels for business spreads to other banks, which may pay $1B+ in fines  —  SEC investigation sparks questions about how banks monitor communications in an era of disappearing messages
Nikkei Asia:
Apple, Meta, AMD, Qualcomm, and other US and EU companies attend the annual World AI Conference in Shanghai, despite the US distancing itself from China  —  American companies caught between massive market and decoupling push  —  SHANGHAI — Big U.S. tech companies have flocked …
Samsung says some customer data, including names, contact info, and product registration info, was compromised in a breach of its US systems in late July  —  U.S. electronics giant Samsung has confirmed a data breach affecting customers' personal information.
Billy House / Bloomberg:
In a letter to Mark Zuckerberg, 35 House Republicans request communications between Facebook and the FBI in a probe relating to the NY Post's Hunter Biden story  —  House Republicans are demanding that Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg hand over FBI warnings …

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