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August 17, 2018, 3:10 PM
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Top News

Nikkei:
Sources: Google is preparing to launch its own smart speaker with a display for the holiday season; 3M units are planned for first batch  —  Taiwan suppliers told to prepare for hardware blitz to challenge Amazon  —  TAIPEI — Google is preparing to release a smart speaker equipped …
Jeff Grubb / VentureBeat:
Twitch says some downloadable archives of a discontinued Messages feature included private messages of other users  —  Twitch is warning users that it may have exposed some of their messages to other users.  The livestreaming site has sent out emails today to a number of its broadcasters …
Natasha Singer / New York Times:
Facebook faces continuing calls for regulation of microtargeted ads in US and Europe after probes of Internet Research Agency and Cambridge Analytica data use  —  Facebook has made a mint by enabling advertisers to identify and reach the very people most likely to react to their messages.
Ingrid Lunden / TechCrunch:
Intel buys deep-learning startup Vertex.AI to join its Movidius unit; Vertex says Intel will continue to develop its PlaidML engine as an open source project  —  Intel wants to bring more artificial intelligence technology into all aspects of its business, and today it is stepping up its game a little in the area with an acquisition.
Jeremy Kahn / Bloomberg:
A look at Europe's struggle to build a truly global tech giant and some of the challenges facing its startup ecosystem  —  This is the best moment in decades for the continent to battle its way back to relevance.  Its startups need to act like it.  —  Jeez, Europe, what more do you need?
Craig Timberg / Washington Post:
DOJ opposes Facebook's efforts to dismiss fair housing groups' lawsuit claiming discriminatory ad targeting, says Communications Decency Act does not apply here  —  The Department of Justice on Friday formally opposed an effort by Facebook to dismiss a lawsuit by several housing groups …
Anna Vodopyanova / CapitalWatch:
China-based CooTek, developer of TouchPal keyboard and other apps, files for NYSE IPO, says it has 132M DAUs, up 75% YoY, and $37.3M in revenues, up 239% YoY  —  A Shanghai mobile Internet company, CooTek (Cayman) Inc., is seeking to raise up to $100 million in an initial public offering …
Sarah Perez / TechCrunch:
comScore: pure play streaming services like Sling TV and DirecTV Now reach 5% of US Wi-Fi households, up 58% since last year  —  The number of U.S. households watching streaming TV services - those that deliver cable TV-like programming over the internet - has grown a remarkable 58% over last year, according to new data from comScore.

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From Mediagazer

Mandy Dalugdug / Music Business Worldwide:
UMG, ABKCO, and Concord sue Believe and its subsidiary TuneCore for $500M+, alleging Believe built its business via “industrial-scale copyright infringement”

Katie Robertson / New York Times:
The NYT reports adding 260K digital subscribers in Q3, for 11.9M in total, with digital ad revenue up 8.8% YoY to $81.6M, and The Athletic had its first profit

Christopher Palmeri / Bloomberg:
Sources: Shari Redstone does not plan to stay on the board of Paramount Global after the company completes its planned merger with Skydance Media

More News

Josh Constine / TechCrunch:
Facebook says it's begun removing content violating its drug policies and has blocked hundreds of search terms and search suggestions associated with drug sales
Jordan Novet / CNBC:
Nvidia reports Q2 revenues of $3.12B, up 40% YoY, vs. $3.1B est., net income of $1.1B, gaming business revenue of $1.81B, and data center revenue of $760M

Earlier Picks

Dan Primack / Axios:
DoorDash raises $250M at a $4B valuation, says it met or exceeded most of metrics set during its March Series D and had 250% YoY growth in delivery volume
Ryan Nakashima / Associated Press:
Google revises help page that describes how its “Location History” setting works, clarifying that it still tracks location even if the setting is turned off
New York Times:
Sources: about 1,000 Google employees have signed a letter demanding more transparency following reports of Google developing a censored search engine for China
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