Techmeme
July 29, 2022, 2:55 PM

Top News

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 …
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.
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 …
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:
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.
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 …
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.
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 …
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 …
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” …
Manish Singh / TechCrunch:
Krafton's battle-royale game BGMI gets delisted from the iOS and Android app stores after an Indian government ban; Krafton's PUBG was also banned two years ago  —  Google has pulled the popular battle royale game Battlegrounds Mobile India, more popularly known as BGMI …
Amazon:

Sponsor Posts

Meta:
Open Source AI: Available to all, not just the few  —  Meta's open source AI enables small businesses, start-ups, students, researchers and more to download and build with our models at no cost.
Zoho:
The crossroads of AI and SaaS  —  Enabling businesses of all sizes to build products in-house and disqualifying SaaS tools that are not AI-powered.  In a span of just two years, AI has made a name for itself as the key driver for innovation.
Genesys:
Executive Insights: The Era of Contact Center AI Copilots  —  How AI copilots are transforming customer experience and agent performance.
Tribe AI:
Build AI products that matter  —  Tribe AI helps organizations rapidly deploy AI solutions that have real business impact.  We bring together world class AI talent and tooling to drive differentiated results.
Techmeme Ride Home:
Fri. 12/20 - Gemini Flash Thinking
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 2:55 PM ET, July 29, 2022.

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

Nathan Grayson / Washington Post:

Earlier Picks

@chrislyons:
Amanda Silberling / TechCrunch:
Todd Spangler / Variety: