Techmeme
July 29, 2020, 9:50 AM

Top News

The Amazon Blog:
Bezos statement to US House underscores Amazon's job creation, investments in social causes, and its role in supporting small and medium-sized businesses  —  Testimony before the Subcommittee on Antitrust, Commercial, and Administrative Law  —  Statement by Jeffrey P. Bezos Founder & Chief …
Jennifer Elias / CNBC:
Sundar Pichai will tell lawmakers that Google operates in a “highly competitive” market and that its free products benefit the “average American”  —  - Ahead of a Wednesday House Judiciary hearing, Alphabet CEO Sundar Pichai released opening remarks that show …
Mark Gurman / Bloomberg:
Tim Cook will tell US lawmakers that App Store has opened the “gate wider” for developers, Apple isn't anticompetitive, and doesn't have “dominant market share”  —  Apple Inc. Chief Executive Officer Tim Cook will tell U.S. lawmakers probing his company's market power …
Betsy Woodruff Swan / Politico:
New York Times:
Sam Shead / CNBC:
Facebook, YouTube, and Twitter work to pull versions of a video touting hydroxychloroquine as a COVID-19 cure, after it was shared by Trump and his allies  —  - A Breitbart video containing dangerous coronavirus misinformation went viral on Facebook before it was removed.
Andrew Griffin / The Independent:
Bloomberg:
Sources: Google and Samsung are in talks about giving Google products more prominence on Samsung phones, including more control over search  —  - Google Assistant, Play app store may gain more prominent roles  — Samsung seeks other revenue sources as handset demand drops
Reuters:
Sources: some US investors of ByteDance seeking to take over TikTok are valuing the social media app at ~$50B, 50 times its projected 2020 revenue of ~$1B  —  NEW YORK/HONG KONG (Reuters) - Some investors of TikTok's parent company ByteDance seeking to take over the popular social media app …
More: iMore
Chaim Gartenberg / The Verge:
AMC and Universal agree to shorten the theatrical window for films to 17 days, or 3 weekends, before Universal can release them onto premium on-demand platforms  —  Films only have to be in theaters for three weekends now before going to digital platforms  —  AMC Theaters and Universal …
Sara Fischer / Axios:
TikTok's new CEO Kevin Mayer says it'll release code driving its content moderation algorithms, accuses Facebook of maligning attacks “disguised as patriotism”  —  In his first public statement as CEO of TikTok, f ormer Disney exec Kevin Mayer says the company will be releasing …
Todd Spangler / Variety:
Spotify reports Q2 revenue of €1.89B, up 13% YoY, with MAUs up 29% YoY to 299M, premium users up 27% to 138M, and ad-supported MAUs up 31% to 170M  —  In addition, ad revenue fell 21% — which Spotify blamed on the coronavirus pandemic — but the drop wasn't quite as bad as forecast.
Ryan Browne / CNBC:
TransferWise announces a new $319M secondary share sale round led by Lone Pine Capital and D1 Capital Partners at a $5B valuation  —  - TransferWise employees and early investors sold some of their stakes in a $319 million secondary deal.  — The company's $5 billion valuation makes …
Marc Santora / New York Times:
Larry Dignan / ZDNet:
AMD reports Q2 revenue of $1.93B, up 26% YoY, Computing and Graphics segment revenue of $1.37B, up 45% YoY  —  AMD's results land as its primary rival Intel has been struggling with its 7nm roadmap delays.  —  AMD reported better-than-expected second quarter results as sales surged 26% …
Manish Singh / TechCrunch:
Toppr, an e-learning service in India covering 17 subjects and preparing students for five dozen competitive exams, raises $46M led by Foundation Holdings  —  Toppr, one of the largest online learning startups in India, has secured $46 million in a new financing round as it looks to scale its platform including a new product.
Joel Rosenblatt / Bloomberg:
US DOJ asks federal judge for permission to drop charges against two ex-Twitter employees and a Saudi national who allegedly helped Riyadh spy on dissidents  —  The U.S. filed a revised indictment against two former Twitter Inc. employees and a Saudi national, alleging the three spied …
Nick Kolakowski / Dice Insights:
In July, a H-1B software engineers' median salary at Google, Microsoft, and Apple was at least $142K, a substantial increase from at least $120K in October 2019  —  How much are software engineers on the H-1B visa making at some of the nation's largest tech companies?  At first glance, the answer seems simple: quite a lot.
Dean Takahashi / VentureBeat:
In a reversal, CES says its event planned for January 2021 will be going all-digital, using a virtual meeting format for vendors, attendees, and the press  —  CES 2021 will take place in January as an all-digital event since the organizers feel it's the only way they can protect attendees during the pandemic.

Sponsor Posts

Termina:
AI Powered Diligence at Scale  —  VCs and founders deploy Termina AI Scans on >12% of all known series A+ deals to uncover hidden risks and opportunities.  Explore how you too can invest and build better companies with AI.
Zoho:
Leading with impact during virtual meetings  —  When we talk about attending meetings from your home office versus in-office conference spaces, there are stark differences.  When at home, you're staring at the screen …
SBS Comms:
Expect Better: SBS Comms  —  The media landscape is changing fast, so don't be slow — out with the old, in with the new.  SBS helps tech companies like GitHub, Cloudflare, Flexport, Ramp and more modernize comms and secure impactful results.
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Featured Podcasts

Techmeme Ride Home:
Tue. 02/18 - Grok-3
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe to Techmeme Ride Home.
Invest Like the Best:
Ravi Gupta - AI or Die
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Diggnation:
Under the Wire with AI, Exoskeletons, and Gaming PC builds
Kevin Rose and Alex Albrecht give you their unique, sometimes awkward, and always hilarious take on the edges of the internet.
Subscribe to Diggnation.
Grit:
Co-founder & CEO, Wolt & Head of DoorDash International, Miki Kuusi: The Next Mountain
Grit explores what it takes to create, build and scale world-class organizations.
Subscribe to Grit.
Lenny's Podcast:
A founder's guide to crisis management | Uri Levine (Waze co-founder, serial entrepreneur)
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
The Logan Bartlett Show:
Andy Price (Artisanal): Executive Hiring Advice from the Founder of Tech's Top Recruiting Firm
A podcast hosted by Logan Bartlett, an investor at Redpoint Ventures, covering tech with industry insiders.
Subscribe to The Logan Bartlett Show.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 9:50 AM ET, July 29, 2020.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Earlier Picks

Jeffrey Dastin / Reuters:
Andrew J. Hawkins / The Verge:
Ashley Carman / The Verge:
BBC: