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July 24, 2019, 5:10 PM
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Top News

Tony Romm / Washington Post:
FTC announces a $5B fine against Facebook for repeated privacy violations as part of a settlement that requires federal oversight of its business practices  —  The settlement between the Federal Trade Commission and Facebook ends a 16-month probe that began after revelations of the tech giant's entanglement with Cambridge Analytica
Jon Fingas / Engadget:
Facebook agrees to pay a $100M fine to the SEC over charges of making “misleading disclosures” related to the Cambridge Analytica scandal  —  Facebook isn't just settling with the FTC over the Cambridge Analytica data scandal.  The social network has also agreed to pay …
Bloomberg:
FTC's Facebook settlement does little to hamper the company's ad business or data collection practices, mostly re-committing Facebook to previous goals  —  - Social media giant agreed to ‘changes’ it's already made  — Massive data collection, ad targeting won't be affected
Ingrid Lunden / TechCrunch:
Facebook cuts off access to friend data for Microsoft and Sony, the last two of its legacy partners, under FTC deal, says allowing them access was “our mistake”  —  One more consequence of the FTC's investigation of Facebook, which culminated in a record $5 billion settlement announced today …
Charlie Warzel / New York Times:
The old enforcement mechanisms of regulatory agencies are no match for large companies and the unprecedented amount of lucrative personal user data they possess
Facebook:
Facebook reports Q2 revenue of $16.9B, up 28% YoY, as ad revenue rises 28% YoY to $16.6B; MAUs rose 8% YoY to 2.41B, as average DAUs rose 8% YoY to 1.59B  —  Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter ended June 30, 2019.  —  “We had a strong quarter …
Harry McCracken / Fast Company:
As Google Photos crosses the billion-user threshold, Anil Sabharwal, the Google VP who led its creation, shares how the app was spun out of Google+  —  In a tech industry obsessed with scale, no aspiration is more iconic than building something that reaches a billion users.
The Keyword:
Google launches Gallery Go, a lightweight 10MB photo gallery app for organizing and editing photos, designed to work offline  —  Today, at Google for Nigeria we introduced Gallery Go: a photo gallery, designed to work offline, that uses machine learning to automatically organize and make your photos look their best.
Richard Lawler / Engadget:
DoorDash CEO to change tipping policy “in the coming days”, says it will add all customer tips to driver's earnings, after a renewed backlash  —  Earlier this year, news reports exposed that not only did DoorDash (and others, like Instacart) sometimes lower its payout to delivery workers …
Bowdeya Tweh / Wall Street Journal:
In a rebuke to Peter Thiel, Treasury Secretary Steven Mnuchin says that Google's work with China raises no national security concerns  —  Findings rebuke claims made by billionaire investor Peter Thiel  —  Treasury Secretary Steven Mnuchin said he and President Trump have found …
More: Engadget
Manish Singh / TechCrunch:
Netflix launches a $2.80 per month mobile-only subscription plan in India, restricted to one mobile device at 480p standard definition  —  Netflix has a new plan to win users in India: make its service incredibly cheap.  The streaming giant today introduced a lower-priced mobile plan in the country that costs Rs 199 ($2.8) per month.
Sam Byford / The Verge:
Asus unveils 6.59" ROG Phone II with a 120Hz display, 12GB RAM, Snapdragon 855+, and Switch Joy Con-like split controllers, launching globally in September  —  120Hz OLED, 855 Plus, 6,000mAh  —  Asus's first ROG gaming phone was one of the most maximalist takes on the concept to date …
Daisuke Wakabayashi / New York Times:
Alphabet lumps YouTube's revenue with Google's in filings, making insights hard to come by, though YouTube's annual revenue is likely $16B-$25B, topping Netflix  —  YouTube probably generates $16 billion to $25 billion in annual revenue, making the video service big enough to crack the top half of the Fortune 500.
Kate Clark / TechCrunch:
Hipcamp, a platform for listing and booking campsites, raises $25M Series B led by Andreessen Horowitz, bringing its total raised to $41.8M  —  Hipcamp uses technology to get people away from technology.  —  The San Francisco-based startup provides a “people-powered platform” …

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From Mediagazer

Jonathan Stempel / Reuters:
A New York judge finds Sirius XM liable for a difficult subscription cancellation process; Sirius says it will appeal but abide by a new “click-to-cancel” rule

Brian Steinberg / Variety:
Sources: NBCUniversal Vice Chairman Bonnie Hammer plans to leave the company at the end of the year; she has been with the company since 2004

Peter Kafka / Business Insider:
A Q&A with Chris Balfe, CEO of Red Seat Ventures, which has helped Tucker Carlson and Megyn Kelly set up their podcast and streaming businesses and sell ads

More News

Earlier Picks

Bijan Stephen / The Verge:
As streaming offerings get more expensive and convoluted, people are setting up their own platforms via Plex servers to share media, including pirated content
Patrick Klepek / VICE:
Nintendo memo tells customer service to fix a Joy-Con in-game “drift” issue for free, even out of warranty, following a Kotaku report and a class-action lawsuit
Alex Kantrowitz / BuzzFeed News:
Interviews, including with the dev who led the team that built the retweet button, discuss the power of retweets and shares and ways to limit their virality
Brent Kendall / Wall Street Journal:
DOJ is opening an antitrust review of whether tech giants are unlawfully stifling competition, examining search, social media, and retail services platforms
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