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July 29, 2020, 11:40 PM
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| Tony Romm / Washington Post: |
CEOs of Amazon, Apple, Facebook, and Google grilled over their companies' market power at the nearly six-hour congressional subcommittee hearing — The leaders behind the tech giants testified before Congress virtually — The leaders of Amazon, Apple, Facebook and Google took …
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New York Times, New York Times, The Guardian, Stratechery, New York Times, CBS News, CNBC, MacRumors, Wall Street Journal, Forbes, Fortune, Bloomberg, 9to5Mac, Protocol, and The Guardian
Tweets: @realdonaldtrump, @mikeisaac, @kantrowitz, @juliaangwin, @geoffreyfowler, @joshuatopolsky, @jason, @nxthompson, @digitalarun, @levie, @asankin, @profgalloway, @reckless, @eff, @iamjohnburnett, @profgalloway, @eff, @adrjeffries, @fmanjoo, @eff, @gruber, @joannastern, @daveleeft, @willoremus, @reckless, @mattyglesias, @tonyromm, @markwarner, @sarahfrier, @willoremus, @willoremus, @karlbode, @nxthompson, @sarafischer, @willoremus, @mikeisaac, @peteharrisonnyc, and @eff
| YouTube: |
Video of the House Antitrust Subcommittee hearing on online platforms and market power with the CEOs of Amazon, Facebook, Google, and Apple — TW: @HouseJudiciary | FB: HouseJudDems | IG: HouseJudDems | M: /HouseJudiciary Subcommittee on Antitrust, Commercial, and Administrative Law |
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The Verge, The Verge, Reuters, Japan Today, Android Authority, GeekWire, Cmte Judiciary (D) …, Reclaim The Net, Fast Company, Social Media Today, MacRumors, Daring Fireball, Android Central, CNET, Mashable, VentureBeat, and The Logic
Tweets: @housejudiciary, @pinboard, @housejudiciary, @levynews, @cnbc, @housejudiciary, @abc, @levie, @adrjeffries, @mikeisaac, @vladsavov, @mims, @joannastern, @geoffreyfowler, @danprimack, @alfredwkng, @kellymakena, @profgalloway, @sarahintampa, @willoremus, @parismartineau, @rmac18, @kurtwagner8, @kari_paul, @adrjeffries, @dhh, @rephankjohnson, @verge, @lizzadwoskin, @joannastern, @reckless, @riptari, @jason_kint, @markgurman, @tomwarren, @mims, @reckless, @dhh, @anniegilbertson, @gruber, @sarahfrier, @joannastern, @caseynewton, @wired, @rontkim, @shiraovide, @cnet, @kadhim, @reckless, @caseynewton, @rmac18, @joshavant, @lmatsakis, @markdistef, @chris_ciaccia, @birnbaum_e, and @adrjeffries
| The Verge: |
Emails from Mark Zuckerberg, revealed by the House antitrust panel, show that Facebook wanted to buy Instagram at least partly to explicitly avoid competition — In late February 2012, Facebook CEO Mark Zuckerberg emailed his chief financial officer, David Ebersman, to float the idea …
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CNET, Bloomberg, Protocol, TechCrunch, US House of Representatives Judiciary Committee, Wired, Input, Politico, BuzzFeed News, Ars Technica, Input, Business Insider, Variety, and TechCrunch
Tweets: @caseynewton, @alecstapp, @rmac18, @reckless, @sarahfrier, @sarahfrier, @drdenagrayson, @protocol, @asankin, @mattrosoff, @willoremus, @hshaban, @kevinroose, @sengianaris, @mmasnick, @tomwarren, @jason_kint, @karaswisher, @reckless, @wyntermitchell, @karaswisher, @kimlacapria, @slpng_giants, @brooklynmarie, @mishaalrahman, @kevinroose, and @reckless
| Richard Nieva / CNET: |
Sundar Pichai received bipartisan criticism during Wednesday's antitrust hearing, facing questions about Google's digital ads business, privacy practices, more — The leaders of four of the world's most powerful tech companies — Apple , Amazon , Facebook and Google …
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United States House of Representatives, Washington Post, Engadget, TechCrunch, Observer, MacDailyNews, and The Keyword
Tweets: @castrotech, @johannesreck, @file411, and @andrewrsorkin
| Mark Gurman / Bloomberg: |
Emails between Eddie Cue and other Apple execs from 2011, revealed in House hearing, show Apple considered 40% cut of first year digital content subscriptions — - IPhone maker's Eddy Cue reached 2016 deal with Amazon's Bezos — In 2011, Apple executives weighed 40% fee for subscriptions
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9to5Mac, Reuters, MacRumors, AppleInsider, and SlashGear
Tweets: @markgurman, @reckless, @dhh, @marcoarment, and @markgurman
| Makena Kelly / The Verge: |
Asked if Amazon ever accessed and used seller data to make business decisions, Bezos said he can't guarantee the ban on the practice has never been violated — The company is investigating possible breaches — During Wednesday's antitrust hearing, Amazon and its CEO Jeff Bezos came under fire …
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Gizmodo, Vox, Washington Post, GeekWire, Wall Street Journal, Business Insider, Digital Trends, and VentureBeat. Tweets: @jason_koebler
| Justin Wise / The Hill: |
During hearing, Rep. David Cicilline confronted Mark Zuckerberg on the spread of misinfo on Facebook, saying it has grown too big to contain dangerous content — Rep. David Cicilline (D-R.I.), the chairman of the House antitrust subcommittee, on Wednesday confronted Facebook CEO Mark Zuckerberg …
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Gizmodo
| Reuters: |
Documents: Arizona's AG is leading a multi-state probe into whether Apple's deliberate slowing of iPhones violated deceptive trade practice laws — SAN FRANCISCO (Reuters) - Arizona is leading a multi-U.S. state probe into whether Apple Inc's deliberate slowing of older iPhones violated …
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SiliconANGLE, iMore, MacRumors, Digital Trends, 9to5Mac, The Hill, and iDownloadBlog.com
| Matt Day / Bloomberg: |
Amazon emails released by the antitrust subcommittee show Amazon's plan to weaken Diapers.com before buying its parent company Quidsi in 2010 — - Representative Scanlon says emails show Amazon is too powerful — Bezos testified that he couldn't remember Diapers.com episode| Emil Protalinski / VentureBeat: |
At the antitrust hearing, Cook was questioned 7 times, Bezos 13 times, Zuckerberg 16 times, and Pichai 16 times, the latter three for at least 50 minutes each — At the “Online Platforms and Market Power” virtual antitrust hearing today, the House Judiciary Committee questioned Amazon CEO Jeff Bezos … | Juli Clover / MacRumors: |
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AppleInsider, TechCrunch, and Michael Tsai
Tweets: @reuters, @neilcybart, @stroughtonsmith, @gruber, and @dhh
| Peter Kafka / Vox: |
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Politico, The Next Web, Politico, New York Times, Om.Co, New York Times, Axios, Protocol, TechCrunch, Android Central, OneZero, Axios, Bloomberg, Silicon Valley Business …, Big Technology, International Business Times, and Associated Press
Tweets: @sarahfrier, @delrey, @delrey, @b_fung, @rakeshlobster, and @kainazamaria
| Stephanie Condon / ZDNet: |
Google debuts an iOS app letting users back up a phone's photos, videos, contacts, and calendar events using Google account storage, and a storage manager tool — Any Google user can now take advantage of the Google One phone backup feature, along with a new, free storage manager tool.
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The Keyword, 9to5Google, Engadget, Android Headlines, iDownloadBlog.com, Android Police, MacRumors, and TechCrunch
| 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 …
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Newsroom | TikTok, news.com.au, Nikkei Asian Review, Tubefilter, dot.LA, Wall Street Journal, The Hill, Vox, and CCN.com
| Ian King / Bloomberg: |
Qualcomm reports Q3 non-GAAP revenue of $4.9B, flat YoY, forecasts Q4 revenue of $5.5B to $6.3B, vs $5.8B est., announces Huawei license deal; stock jumps 12%+ — - Deal with Chinese telecom company ends long-running dispute — CEO says rebound from Covid-19 slump faster than expected
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Reuters, CNBC, CNET, Appleosophy, PCWorld, AppleInsider, MacRumors, SlashGear, Wall Street Journal, Barron's Online, Axios, Qualcomm - Investor Relations, Investor's Business Daily, and MarketWatch. Tweets: @inafried
| Natalie Gagliordi / ZDNet: |
PayPal reports adding a record 21.3M net new active accounts in Q2, bringing total active accounts to 346M, and revenue of $5.26B, up 25% YoY, vs $4.99B est. — PayPal said it saw the largest quarterly increase in active accounts in the company's history during Q2.
More:
Barron's Online, PayPal - Investor Relations, Reuters, MarketWatch, and TheStreet. Tweets: @campuscodi
| Reuters: |
Sources: some US investors in ByteDance, seeking to take over TikTok, are valuing the social media app at ~$50B, 50x its projected ~$1B revenue in 2020 — NEW YORK/HONG KONG (Reuters) - Some investors of TikTok's parent company ByteDance seeking to take over the popular social media app …
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Android Central, Telegraph, and Social Media Today
| Cho Mu-Hyun / ZDNet: |
Samsung reports Q2 earnings with sales of ~$44.5B, down 5.6% YoY, but an operating profit of ~$6.8B, up 23.5% YoY, as demand for memory chips increased — Samsung posted 8.15 trillion won in second quarter operating profit, with its semiconductor business contributing 5.43 trillion won of that.
More:
Samsung Global Newsroom, MarketWatch, Engadget, and Yonhap News Agency
| Kyle Wiggers / VentureBeat: |
Tempo, which sells a $2,000 AI-powered home weight training system, raises $60M Series B led by Norwest Venture Partners and General Catalyst — Home fitness startup Tempo today closed a $60 million round to ramp up manufacturing of its $1,995 AI-powered gym system.| Sara Fischer / Axios: |
Snap releases its first diversity report: 4.1% are Black, 6.8% are Hispanic; women make up 32.9% of the company, 16% of technical roles, 7% of leadership roles — Snapchat on Wednesday released its first-ever diversity report, showing that the company is still slightly behind its peers …
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The Verge, CNN, Business Insider, Los Angeles Times, Forbes, Mashable, Bloomberg, CNET, Snap Inc., and Engadget
Tweets: @rmac18 and @caseynewton
| Jonathan Shieber / TechCrunch: |
Connecticut-based Sema4, which uses aggregate patient data to help doctors improve care, raises $121M from BlackRock and others, valuing the company at $1.1B — Sema4, the Stamford, Conn.-based digital healthcare company now worth just over $1 billion, takes its name from the system of sending messages via code.
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Sema4, MobiHealthNews, and Crunchbase News
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