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June 13, 2020, 11:30 PM
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WeSmirchTop News
| Margaret Harding McGill / Axios: |
In leaked letters, House Judiciary asks Apple, Alphabet, Amazon, and Facebook to say by Sunday whether their CEOs will testify in antitrust hearings in July — House antitrust investigators are pressing Apple, Alphabet, Amazon and Facebook to say by Sunday whether their CEOs will testify …
More:
AppleInsider, Engadget, Philip Elmer‑DeWitt, iMore, Patently Apple, and MacRumors
Tweets: @s8mb, @chrismessina, and @margarethmcgill
| Robert P. Baird / New Yorker: |
How a philanthropic COVID-19 testing effort by Utah tech companies like Nomi Health and Domo became a commercial enterprise, despite questions about performance — At a White House briefing, on April 23rd, Mike Pence offered what he described as “encouraging news” about covid-19 testing.
Tweets: @michaelluo, @scottjbecker, @nebraskamegan, and @newyorker
| Kaitlyn Tiffany / The Atlantic: |
Reddit faces renewed scrutiny over racism on the platform, as moderators claiming to represent 200M users sign open letter in its largest ever collective action — In 2015, the Southern Poverty Law Center called out Reddit as home to “the most violently racist” content on the internet …
More:
Upvoted, CNET, reddit, and Business Insider
| Manish Singh / TechCrunch: |
PE firm TPG to invest $600M in Reliance Jio Platforms for a 0.93% stake in the company and L Catterton to invest $250M for a 0.39% stake — American private equity firm TPG will invest $600 million in Jio Platforms, joining a roster of high-profile investors including Facebook and Silver Lake …
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Hindustan Times, TechCrunch, Business Standard, Business Standard, The Economic Times, Times of India, Livemint, Livemint, Times Now, Deccan Herald, Business Insider, The Financial Express, BloombergQuint, News18, India TV, Entrackr, NDTV.com, cnbctv18.com, Moneycontrol, Reuters, and Bloomberg. Tweets: @khare_khote
| Anne Steele / Wall Street Journal: |
Filing: Tencent took a 1.6% stake in Warner Music Group for $200M in Warner's IPO in separate transactions by two Tencent subsidiaries; shares now worth ~$250M — Chinese internet giant already had interests in Universal Music Group, Spotify — Tencent Holdings Ltd. TCEHY 1.56% took … | Biz Carson / Protocol: |
Q&A with Chris Best, CEO of Substack: the company has seen revenue increase 60% and readership and writership double in the first three months of the pandemic — If it seems like everyone is launching a newsletter these days, well, you're not wrong. Chris Best, CEO and founder … | FinSMEs: |
Squire Technologies, an NYC-based provider of barbershop management software, raises $34M Series B led by CRV, bringing its total raised to $46.2M — Squire Technologies, a NYC-based barbershop management and point of sale system software platform, raised $34m in Series B funding.| Sergiu Gatlan / BleepingComputer: |
Microsoft is aware of a bug affecting Windows 10 PCs with a printer connected via USB that renders the USB port unusable; patch is coming in a future OS update — Windows 10 users are reporting that they are unable to print using devices from multiple vendors after installing updates … | Laura Hazard Owen / Nieman Lab: |
At launch, Facebook News had very few stories on politics, many New York Times links, and coverage overlapped little with the most popular articles on Facebook — On June 10, the most popular stories across Facebook were all NASCAR banning Confederate flags and Blue Lives Matter (with a sprinkling of dead kids).| Nico Grant / Bloomberg: |
Zoom says it deactivated accounts of US-based activists due to China's demands, won't allow such requests to impact users outside mainland China “going forward” — - Company shut down video meetings to remember Tiananmen Square — Zoom's in the middle of a free speech and censorship clash
More:
NPR, Engadget, OneZero , Gizmodo, Techdirt, Zoom Blog, The Verge, CyberScoop, Reclaim The Net, Digital Trends, Reuters, Tom's Guide, Quartz, and Fortune
Tweets: @bethanyallenebr, @benthompson, @zoom_us, @kurt_loder, @repmichaelwaltz, @janiswong_, @jane_li911, @pocketcasts, @williamyang120, @tombschrader, @kenroth, @mishichoudhary, @rover829, @rosenbergerlm, @tomgrundy, @jmulich, @senrickscott, @andreaslandwehr, @sarahleah1, @pelstrom, @counternotions, and @zackwhittaker
| Alexander Behrens / Decrypt: |
Report: EOS platform, which raised $4B in ICO in 2018, has seen developer activity decline by 85% YoY; Ethereum has 80% of all smart contracts and dapps space — New research from Outlier Ventures lays out the landscape of blockchain development in the crypto space. And things aren't looking good for EOS.
More:
Outlier Ventures, Cointelegraph, CryptoGlobe, and Outlier Ventures
| Liza Lin / Wall Street Journal: |
China's $1.4T tech campaign includes a massive 5G project, aiming for 600K base stations by end of 2020, relies on money from private sector, local governments — Beijing plans to spend $1.4 trillion in the next five years in sectors including 5G, artificial intelligence and data centers
Tweets: @jaygoldberg, @lizalinwsj, and @joshchin
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