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July 29, 2022, 2:50 PM
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| Leah Nylen / Bloomberg: |
Sources: Lina Khan overruled FTC staff to sue Meta over its Within acquisition; the FTC didn't take sworn interviews of company execs in the nine-month inquiry — Federal Trade Commission Chair Lina Khan led her fellow Democrats in the agency's majority vote to sue Meta Platforms Inc. this week …
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Meta, PYMNTS.com, GamesIndustry.biz, and The Verge
Tweets: @scottlincicome, @carlszabo, @tedfrank, @dwcaprio, @ericjackson, @amir, @adamkovac, and @gregstohr
| Cecilia Kang / New York Times: |
FTC chair Lina Khan's attempt to block Meta's Within acquisition upends decades of antitrust standards and may shift how DC enforces competition in nascent tech — Lina Khan may set off a shift in how Washington regulates competition by filing cases in tech areas before they mature.
More:
BIG by Matt Stoller, Financial Times, Dave Lee, Truth on the Market, and MarketWatch
Tweets: @benedictevans, @jimprosser, @moonalice, @enbrown, @enbrown, @blakereid, @enbrown, @liroyleshed, @anshelsag, @daveleeft, @binarybits, @glenweyl, @kevinakwok, @enbrown, @ctbeiser, @gpanger, @benz145, @binarybits, @enbrown, @choo_hehimlvl3, @julieinannap, @enbrown, @enbrown, @onekade, @johnnyryan, @adamkovac, @karlbode, @veenadubal, @karlbode, @kerrymflynn, @ronmknox, and @ftc
| Richard Lawler / The Verge: |
A Delaware judge rules that Twitter's case against Elon Musk for attempting to exit his $44B takeover will go to trial from October 17 to October 21, 2022 — Everybody's going to the Court of Chancery — We have a schedule for the Delaware Court of Chancery trial over T witter's lawsuit …
More:
Bloomberg, Washington Post, CNBC, TechCrunch, CNN, MobileSyrup, Reuters, Barron's Online, International Business Times, Neowin, Engadget, and Tech Xplore
Tweets: @mims, @thecityofjules, and @seldo
| Amanda Seitz / Associated Press: |
Twitter says it fielded nearly 60K legal demands globally in H2 2021 and complied fully with ~40%; the US accounted for 20% of account information requests — WASHINGTON (AP) — Twitter warned Thursday that governments around the globe are asking the company to remove content or snoop … | Apple: |
Apple reports record Q3 revenue of $83B, up 2% YoY, vs $82.8B est., net income down 11% to $19.4B, iPhone revenue up 3% to $40.7B, Mac revenue down 10% to $7.4B — iPhone and Services drive June quarter record revenue — Active installed base of devices reaches all-time high for all major product categories| Kif Leswing / CNBC: |
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TechCrunch, 9to5Mac, Philip Elmer‑DeWitt, Six Colors, 9to5Mac, Coinspeaker, Silicon Republic, MacStories, iThinkDifferent, Gizchina, Patently Apple, AppleInsider, Neowin, BGR India, Daring Fireball, TheStreet, WRAL TechWire, Apple Must, PYMNTS.com, MacRumors, Reuters, iThinkDifferent, iPhone in Canada Blog, Thurrott, and Insider
Tweets: @patrickmcgee_, @joannastern, @benbajarin, @jason_kint, @trengriffin, @divestech, @munster_gene, @neilcybart, @neilcybart, @jimcramer, @neilcybart, @neilcybart, @trungtphan, @lapcatsoftware, @stroughtonsmith, @divestech, @divestech, @neilcybart, @neilcybart, @neilcybart, @samifathi_, @neilcybart, @mingchikuo, @ron_miller, @epro, and @anthony
| Joseph Cox / VICE: |
Canadian coffee chain Tim Hortons proposes offering customers a free hot drink and baked good as a settlement for collecting their location data for over a year — The wholesome Canadian chain caused a scandal when its privacy violation was revealed, and now it's proposing a free coffee and a baked good as restitution.
Tweets: @taylor_owen, @kantrowitz, @rahulmehrotraa, @martinsfp, @jason_koebler, @kenwattana, and @josephfcox
| Olivia Solon / Bloomberg: |
Sources: a Chinese government PR unit asked for a stealth TikTok account targeting Western audiences with propaganda; TikTok declined the “sensitive” request — A Chinese government entity responsible for public relations attempted to open a stealth account on TikTok targeting Western audiences …
More:
Insider, The Guardian, and PCMag
Tweets: @oliviasolon, @ebakerwhite, @marahvistendahl, @zoeschiffer, @mikeelgan, @lmatsakis, @byron_wan, @mmasnick, @oliviasolon, and @martinsfp
| Jordan Novet / CNBC: |
Intel reports Q2 revenue down 22% YoY to $15.32B, vs. $17.92B est., a $454M net loss, and Datacenter and AI revenue down 16% YoY to $4.6B; stock drops 10%+ — - Intel slashed its full-year guidance and turned in worse-than expected quarterly results. — The company launched new chips …
More:
Intel, SemiAnalysis, Reuters, Tom's Hardware, Windows Central, Bloomberg, Fabricated Knowledge, Computerworld, Silicon Republic, The Verge, HotHardware, TechSpot, TechCircle, Finbold, Coinspeaker, Fossbytes, Wall Street Journal, The Register, HPCwire, PCMag, and Thurrott
Tweets: @patrickmoorhead, @stevesi, @benbajarin, @dylan522p, @dylan522p, @tculpan, @jonmasters, @dylan522p, @markhachman, @niubi, @baldingsworld, @jonmasters, and @donal888
| Paul Alcorn / Tom's Hardware: |
More:
CRN, DCD, PCWorld, The Register, AnandTech, TechRadar, Appuals.com, Neowin, and ServeTheHome. Tweets: @cscotta. Thanks:@paulyalcorn
| Abner Li / 9to5Google: |
Amazon plans to shut down Drive, its cloud storage service launched in March 2011, at the end of 2023 to focus “on photos and video storage with Amazon Photos” — In an email to customers this morning, Amazon announced that its “Drive” cloud storage service is shutting down at the end of 2023.
More:
Thurrott, TechCrunch, GeekWire, The Verge, AppleInsider, Tom's Hardware, SlashGear, and AFTVnews
Tweets: @om, @davewiner, and @killedbygoogle
| Richard Lawler / The Verge: |
In an email to Twitter Blue subscribers, Twitter says it is increasing the price of the service; in the US, the price will jump from $2.99 to $4.99 per month — Who would pay for Twitter? — People frequently express their amazement that Twitter is free, but for some people, it isn't …
More:
TechCrunch, Gizmodo, Android Police, 9to5Mac, Thurrott, Digital Trends, The Shortcut, MSPoweruser, XDA Developers, Droid Life, Neowin, PCMag, KnowTechie, Engadget, BetaNews, Phandroid, Mashable, and Pocket-lint
| David E. Sanger / New York Times: |
As Congress debated the $280B CHIPS Act for 13 months, China's semiconductor industry surged ahead, making a 7nm chip that may be based on, or stolen from, TSMC — While Congress argued over whether and how to support American chip makers and research in other technologies China was surging ahead.| Pete Schroeder / Reuters: |
US banking regulators order Voyager Digital to cease and desist from making “false and misleading” claims that its customers' funds were insured by the FDIC — U.S. banking regulators have ordered crypto firm Voyager Digital to cease and desist from making “false and misleading” …
More:
CoinDesk, Board of Governors …, PYMNTS.com, Protocol, Bloomberg, Bitcoin News, CryptoSlate, Cryptonews, Decrypt, Cointelegraph, Web3 is going just great, CoinGape, and Micky. Tweets: @claritytoast
| Manu P Toms / The Economic Times: |
Sources: Ola and Uber are discussing a merger, four years after a deal fell apart, when common investor Softbank pushed for it; Uber denies merger talks — Both companies had held conversations four years ago as well, when common investor Softbank had pushed for a merger. A deal did not materialise back then.
More:
Reuters, Inc42 Media, and Gadgets 360
Tweets: @bhash, @manutoms, @anirbanblah, and @datta_arvind
| Todd Bishop / GeekWire: |
Amazon's direct workforce declined by 99K in Q2 to 1.52M, a record QoQ drop, primarily due to attrition in its warehouses after the pandemic-driven expansion — Amazon's direct workforce declined by 99,000 employees from the first to the second quarter, to 1.52 million people … | Amazon: |
More:
PYMNTS.com, TechCrunch, Protocol, CNBC, CNBC, Finbold, Coinspeaker, ComputerWeekly.com, The Economic Times, Fast Company, diginomica, SiliconANGLE, BigTechWire, New York Times, and Thurrott
Tweets: @carnage4life, @delrey, @jonathanvanian, @conorsen, @conorsen, @charliebilello, @parismartineau, @patrickmoorhead, and @chriskeall
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