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August 27, 2020, 6:10 PM
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| Dan Primack / Axios: |
Walmart says it is working with Microsoft on the TikTok deal, sources say with the idea of turning TikTok US into an e-commerce app for creators and users — Microsoft is working with Walmart on its efforts to buy TikTok's U.S. business from China's ByteDance, Axios has learned from multiple sources close to the process.
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CNBC, New York Times, Reuters, The Verge, Bloomberg, Wall Street Journal, Gizmodo, Engadget, The Information, Washington Post, ZDNet, International Business Times, Financial Times, Adweek, and iPhone in Canada Blog
Tweets: @broderick, @tomwarren, @tedgioia, @broderick, @loudmouthjulia, @jaybaer, @alexstamos, @mehedih_, @levie, @satyan, @lisaabramowicz1, @leojtravis10, @kantrowitz, @jenniferjjacobs, @parismartineau, @danprimack, @mattgarrahan, @sub8u, @pkafka, @vijayshekhar, @wes_nship, @jessicalessin, @inafried, @inafried, @mikeisaac, and @tokenceo
| Financial Times: |
TikTok CEO Kevin Mayer resigns, sources say after Trump threatened to ban the app; Vanessa Pappas, currently general manager of TikTok, will become interim head — Former Disney executive resigns just months after appointment by Chinese video platform — Kevin Mayer has quit TikTok …
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New York Times, CNBC, CNN, Wall Street Journal, Bloomberg, The Guardian, The Hill, GeekWire, New.blicio.us, Windows Central, Digiday, The Irish Times, Social Media Today, Reuters, Android Central, Fortune, CNET, Tubefilter, Android Headlines, dexerto.com, Adweek, MSPoweruser, Protocol, Newser, AppleInsider, Hollywood Reporter, PYMNTS.com, Micky, and TechNode
Tweets: @cnbcnow, @neilcybart, @v_ness, @loudmouthjulia, @loudmouthjulia, @hawleymo, @panzer, @esaagar, @amlewis4, @colinmort, @neilcybart, @newley, @taralach, @refsrc, @niubi, @kylebrussell, @nongaap, @wongmjane, @sub8u, @thekenyeung, @taylorlorenz, @caseynewton, @_harshilshah, @martinsfp, @karaswisher, @taylorlorenz, @thekenyeung, @sal19, @carnage4life, @joshconstine, @jason, @loudmouthjulia, @loudmouthjulia, and @kurtwagner8
| Alex Sherman / CNBC: |
Sources: TikTok likely to announce a sale of US, Canada, Australia, and NZ operations in a deal worth $20B to $30B as soon as next week — - TikTok is nearing an agreement to sell its U.S., Canadian, Australian and New Zealand operations in a deal that could be announced as soon as next week, sources say.
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Nikkei Asian Review, Ars Technica, The Hill, Variety, Game Rant, The Daily Dot, Windows Central, CNET, OnMSFT.com, 9to5Mac, iDownloadBlog.com, MSPoweruser, MacDailyNews, Neowin, Tubefilter, PingWest, PYMNTS.com, and Mashable
Tweets: @sherman4949, @mattrosoff, @pkafka, @sharonwaxman, @mehedih_, @mattrosoff, @jessicalessin, @qhardy, and @zeanes
| The Wrap: |
Sources: Oracle has taken the lead position to acquire TikTok and is offering $10B in cash, $10B in stock, and 50% of TikTok's annual profit to ByteDance — Oracle, the technology giant led by Larry Ellison, has taken the lead position to acquire the Chinese-owned social app TikTok …
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Protocol. More:
SiliconANGLE, TechCrunch, Bloomberg, Thurrott, The Information, TheStreet, OnMSFT.com, Digital Trends, Android Headlines, Variety, Investor's Business Daily, and MSPoweruser
Tweets: @hshaban, @caseynewton, @yoda, @mgsiegler, @kantrowitz, @jaycuthrell, @jchu, @teddyschleifer, @alexdevkar, @storagezilla, and @llsethj
| Dieter Bohn / The Verge: |
Amazon unveils Halo, a $100 fitness band with an app to track emotional tone and create 3D scans for body fat, with an optional $4/month subscription service — It makes a 3D model of your body and tracks the emotional tone in your voice — Amazon is getting into the health gadget market …
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Amazon.com, Inc., CNBC, Engadget, The Amazon Blog, TechCrunch, CNN, XDA Developers, Protocol, Financial Times, International Business Times, Gizmodo, Ars Technica, Digital Trends, SlashGear, Tom's Guide, iPhone in Canada Blog, ZDNet, Windows Central, Business Insider, GeekWire, iDownloadBlog.com, Macworld, Thurrott, Android Police, Computer Business Review, AppleInsider, Neowin, Android Authority, Pocket-lint, iPhone Hacks, 9to5Toys, Wareable, Protocol, MacRumors, The Irish Times, and TheStreet
Tweets: @chrissyfarr, @backlon, @jjvincent, @chuckwendig, @evan_greer, @caitlin_mcgarry, @c_davies, @sapna, @rosiegray, @kate_mckean, @mer__edith, @hallstephenj, @345triangle, @b_fung, @cloudcomplices, @backlon, @brianroemmele, @willoremus, @shiraovide, @karaswisher, @backlon, @bigblackjacobin, @chrissyfarr, @backlon, @tomwarren, @laurengoode, and @pippedtodeath
| Russell Brandom / The Verge: |
Facebook users reported Kenosha Guard's Page and event to Facebook before the shootings but were told it did not violate its policies; the Pages are now gone — Multiple users reported the account for inciting violence, but were told it did not violate platform policy| Chris Gilliard / OneZero : |
The technocratic language Facebook uses in its takedown reports hides the human trauma caused by material that exists only because Facebook made it possible — These reports obscure a torrent of hate speech and other toxic content — If — you've never read a Facebook …
Tweets: @dellcam, @dlberes, @dlberes, and @hypervisible
| Sarah Perez / TechCrunch: |
Google revamps Assistant's Snapshot feature for iOS and Android, adding personalized recommendations powered by existing user data — Google is revamping its two-year old “Snapshot” feature in Google Assistant for iOS and Android. The company in 2018 had first introduced Google Assistant Snapshot …
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The Keyword, Android Police, Android Authority, XDA Developers, CNET, 9to5Google, The Verge, Neowin, and SlashGear. Tweets: @fredericl
| Sara Fischer / Axios: |
Facebook warns publishers that Apple's upcoming privacy changes in iOS 14, which clamp down on ad tracking IDFA usage, will make Audience Network less effective — Facebook is warning advertisers that they can expect weaker ad performance from iPhone users once iOS 14 comes out next month …
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The Register, Ars Technica, Wall Street Journal, Facebook Audience Network, Facebook, Bloomberg, The Guardian, TechCrunch, Input, BBC, Threatpost, KnowTechie, and Adweek
| Jeff John Roberts / Fortune: |
Digital Currency Group to invest $100M in its subsidiary Foundry, which was quietly formed in 2019 to mine bitcoin and other cryptocurrencies in N. America — In the early days of Bitcoin, people could mine the cryptocurrency in their homes using cell phones or laptops.
More:
Business Wire, CoinDesk, The Block, Crowdfund Insider, Decrypt, and BitcoinExchangeGuide. Tweets: @jeffjohnroberts
| Stephanie Condon / ZDNet: |
HP Inc. reports Q3 revenue of $14.3B, down 2.1% YoY, with notebook sales up 32% YoY but workstation revenue down 30% YoY and printing net revenue down 20% YoY — With the COVID-19 pandemic driving up demand for notebooks, HP said its shipments grew by 32 percent year-over-year.
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MSPoweruser and HP - Home
| Rafat Ali / Skift: |
A few lessons for the events industry from digital turning points in music, video, and news industries, as Zoom transforms events like Napster changed music — All types of business events are in danger of their revenue streams of tickets, sponsorships, memberships, and other types of fees being eroded.
Tweets: @waxy, @chr1sa, @joshelman, @bwertz, @ckrewson, @martinsfp, @ruudwjanssen, @robpegoraro, @rashmi, @joshsternberg, @abrams, @tolles, and @narendra
| Kia Kokalitcheva / Axios: |
SEC approves NYSE rule that lets companies raise capital through direct listings, a technique Spotify and Slack used, following similar NASDAQ request this week — The U.S. Securities and Exchange Commission on Wednesday approved the New York Stock Exchange's rule change that will allow companies …
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Wall Street Journal, Financial Times, and CoinDesk
| C. Scott Brown / Android Authority: |
Leaked video appears to show LG's forthcoming dual-screen Wing, which has a rumored 6.8-inch main display and a flip-out 4-inch second display — - The video gives us ideas of possible use cases for a phone with this design, and they are pretty compelling.| Jonathan Shieber / TechCrunch: |
CDN provider Fastly to acquire security monitoring and management company Signal Sciences for $775M — Los Angeles was always more than a one industry town, even when it comes to technology startups, but media and entertainment (and social networking) were always the big draws in tinseltown.
More:
Fastly, CyberScoop, SiliconANGLE, Dark Reading, Signal Sciences, and ZDNet
| Natalie Gagliordi / ZDNet: |
VMware beats estimates for Q2 with revenue of $2.88B, up 9% YoY, as subscription and SaaS revenue jumped 44% YoY to $631M — VMware said subscription and SaaS revenue for the second quarter jumped 44% from a year ago to $631 million, and represented 22% of total Q2 revenue.
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VMware
| Annie Palmer / CNBC: |
Amazon opens its first Fresh grocery store in Los Angeles to select customers, equipped with Dash Carts and voice-activated Echo Show displays — - Amazon is opening the first location of its new chain of Fresh grocery stores. — The store, located in Los Angeles' Woodland Hills neighborhood …
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The Amazon Blog, Reuters, CNET, CNN, The Verge, PYMNTS.com, TechCrunch, Mashable, and Engadget. Tweets: @leynanguyentv
| Bloomberg: |
Sources detail US antitrust investigations into Google, which are focusing on how the company bundles its ad tools in potentially anticompetitive ways — - Investigators ask rivals about Google bundling adtech tools — Probe has parallels to the U.S. case against Microsoft in 1998| Scott Stein / CNET: |
Inside Facebook's Horizon, a VR massive multiplayer world, as it enters an invite-only beta, as questions remain about privacy and safety — We're standing in an escape room space, where one of us is trying to guide a block into a target and communicate to the other person, standing behind a wall at a control panel.
More:
About Facebook, Social Media Today, MSPoweruser, and Engadget
| Bloomberg: |
Counterpoint: Apple's AirPods are expected to sell 82M pairs this year, but their worldwide market share of true wireless earphones will drop from ~50% to 35% — - AirPods maker is projected to sell 82 million pairs this year — Wider market growing even faster, driven by cheaper models
More:
9to5Mac, Gizchina, AppleInsider, MacRumors, The Next Web, iMore, and iPhone in Canada Blog
Tweets: @neiltwitz, @neiltwitz, @vladsavov, @jainmayank_943, @vijayshekhar, and @rmantri
| Nick Statt / The Verge: |
A look at the vast Unreal Engine ecosystem, from game developers to Hollywood studios to car makers, that may be affected if Apple bans Epic's developer account — Epic's legal fight with Apple over the future of Fortnite has quickly evolved into an existential battle for one of the game studio's …
More:
The Information, Reuters, and Truth on the Market
Tweets: @ericstromberg, @nickstatt, and @neilcybart
| Shubham Agarwal / Digital Trends: |
Twitter says it “may limit the visibility” of “copypasta” tweets that feature text that has been copy and pasted without any modifications from the source — Twitter will now hide tweets that feature text that's been copy and pasted without any modifications from the source.| Nikkei Asian Review: |
Source: Japan Display plans to sell its smartphone screen factory in Hakusan, Japan to Sharp for $377M; JDI will repay Apple for its investment in the factory — Cash will go to repay iPhone maker for investment on idle LCD factory — TOKYO — Struggling Apple supplier Japan Display plans …
More:
AppleInsider and iMore
| Ryan Browne / CNBC: |
Swedish online payments startup Klarna reports a ~$59.8M net loss for H1 2020, a sevenfold increase YoY, as total net operating income rose 37% YoY to ~$528M — - Klarna racked up a net loss of 522 million Swedish krona ($59.8 million) between January and June, a sevenfold increase from the same period a year ago.
Tweets: @ryan_browne_
| Ingrid Lunden / TechCrunch: |
Restream, a service that helps creators stream to around 30 platforms simultaneously, raises $50M Series A co-led by Sapphire Ventures and Insight Partners — Live streaming of video has come into its own during the coronavirus pandemic, with services like Zoom, YouTube, Twitch … Sponsor Posts
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