Techmeme

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Nilay Patel / The Verge:
Facebook has done nothing but behave badly from inception, yet it has received only slaps on the wrist by authority figures, while being rewarded by the market   —  Facebook gets away with it again  —  Facebook's stock went up after news of a record-breaking $5 billion FTC fine for various privacy violations broke today.
Jul 13, 2019, 2:00 PMIn context
Ben Thompson / Stratechery:
Shopify's ecosystem, with its own fulfillment network, may become the first true Amazon competitor by enabling merchants to succeed or fail on their own terms   —  While I am (rightfully) teased about how often I discuss Aggregation Theory, there is a method to my madness, particularly over the last year …
Jul 13, 2019, 10:35 AMIn context
Sarah Perez / TechCrunch:
StreamElements: Twitch viewers live streamed 2.72B+ hours in Q2, compared with 735.54M hours on YouTube Live, 197.76M on Facebook Gaming, and 112.29M on Mixer   —  Twitch continues to lead rivals including YouTube Live, Facebook Gaming, and Microsoft's Mixer when it comes to live streaming video.
Jul 13, 2019, 1:10 AMIn context
Julia Carrie Wong / The Guardian:
Critics say the FTC's $5B settlement with Facebook is a “parking ticket” to the company, which had more than $15B in revenue in the first three months of 2019   —  The $5bn fine would be the largest ever levied by the Federal Trade Commission against a technology company
Jul 12, 2019, 7:30 PMIn context
Cecilia Kang / New York Times:
Sources: FTC settlement includes more comprehensive oversight of how Facebook handles user data, but no restrictions on how it collects and shares that data   —  The Federal Trade Commission voted this week to fine Facebook about $5 billion for mishandling users' personal information …
Jul 12, 2019, 5:37 PMIn context
Emily Glazer / Wall Street Journal:
Sources: in a 3-2 vote, FTC commissioners have approved a record $5B settlement with Facebook over the company's privacy violations   —  FTC commissioners broke along party lines, 3-2, with the Republican majority lining up to support the pact while Democratic commissioners objected
Jul 12, 2019, 3:57 PMIn context
Josh Constine / TechCrunch:
Facebook, Calibra, and Libra Association execs on how they will approach taxation, anti-money laundering, and other regulatory issues for the new cryptocurrency   —  Libra claims it's no bank like Trump accuses  —  Facebook provided TechCrunch with new information on how its cryptocurrency …
Jul 12, 2019, 12:35 PMIn context
Richard Lawler / Engadget:
Trump says cryptocurrencies including Facebook's Libra are “not money”, need to be regulated, citing their high volatility and facilitation of unlawful behavior   —  Just hours after a “social media summit,” the president's Twitter account posted a thread aimed at, of all things, cryptocurrency.
Jul 11, 2019, 9:30 PMIn context
Tom Simonite / Wired:
Facebook says its AI bot Pluribus, developed in collaboration with Carnegie Mellon, is the first such bot to beat top pros at six-player No-Limit Texas Hold 'Em   —  The 32-year-old is the only person to have won four World Poker Tour titles and has earned more than $7 million at tournaments.
Jul 11, 2019, 5:30 PMIn context
Katie Notopoulos / BuzzFeed News:
Facebook is starting to show users which marketing and data companies have your data, how an ad was targeted, and how to opt-out   —  The new tool tells you how an ad was targeted and which third-party agency or data broker was used.  It also links to pages to opt out.
Jul 11, 2019, 12:20 PMIn context

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