Techmeme
July 29, 2022, 12:55 PM

Top News

Cecilia Kang / New York Times:
Lina Khan's attempt to block Meta's Within acquisition upends decades of antitrust standards and could shift how DC regulates competition in nascent industries  —  Lina Khan may set off a shift in how Washington regulates competition by filing cases in tech areas before they mature.
Leah Nylen / Bloomberg:
Sources: Lina Khan overruled FTC staff to sue Meta over its Within acquisition; FTC didn't take sworn interviews of company execs during 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 …
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:
Richard Lawler / The Verge:
A Delaware judge rules that Twitter's case against Elon Musk over the failed $44B takeover will go to trial from October 17 to October 21  —  Everybody's going to the Court of Chancery  —  We have a schedule for the Delaware Court of Chancery trial over T witter's lawsuit against Elon Musk …
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 …
Jordan Novet / CNBC:
Casey Newton / Platformer:
Adam Mosseri says Instagram will roll back some recent changes after a week of mounting criticism, including temporarily reducing the number of recommendations  —  Say goodbye to the full-screen feed, and at least some of those recommendations — for now.  Adam Mosseri explains why
Amanda Silberling / TechCrunch:
David E. Sanger / New York Times:
As Congress debated the $280B CHIPS Act for 13 months, China's semiconductor industry surged ahead, producing an advanced 7nm chip to rival those made in Taiwan  —  While Congress argued over whether and how to support American chip makers and research in other technologies China was surging ahead.
Makena Kelly / The Verge:
Olivia Solon / Bloomberg:
Sources: a Chinese government PR division asked to open a stealth account on TikTok, targeting Western audiences; TikTok declined the “sensitive” request  —  A Chinese government entity responsible for public relations attempted to open a stealth account on TikTok targeting Western audiences …
Amazon:
Manish Singh / TechCrunch:
Battle-royale game BGMI, with 16.5M MAUs in India, delisted from iOS and Android app stores after Indian government ban, two years after a ban of Krafton's PUBG  —  Google has pulled the popular battle royale game Battlegrounds Mobile India, more popularly known as BGMI …

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