Techmeme: Trump's tweets “ordering” US companies to look for alternatives to China rattled tech stocks on Friday, with Apple closing down 4.6%, Amazon 3.1%, and AMD 7.4% (Marlize van Romburgh/Silicon Valley …)

Open Links In New Tab

Mobile Archives Advertise

August 26, 2019, 5:10 AM

Top News

Matt Burgess / WIRED UK:

FireEye: China-linked hacking groups are increasingly targeting healthcare systems to obtain medical research data and intellectual property for medical devices — New research shows cyber espionage groups linked to China are targetting medical research data and the intellectual property for medical devices

More: ZDNet, Firstpost Tech, FireEye, SiliconANGLE, Tribuneindia News Service, and Nikkei Asian Review

Arjun Kharpal / CNBC:

Megvii, a China-based facial recognition focused startup, files for a Hong Kong IPO; Megvii has raised $750M, reportedly at a $4B valuation, earlier this year — KEY POINTS — An attendee uses his smartphone to record a facial-recognition demonstration on himself at the Beijing Megvii Co. booth …

More: TechCrunch, Reuters, Bloomberg, Tech in Asia, Financial Times, and Bloomberg

Tweets: @tculpan, @luluyilun, @tculpan, and @tculpan

Marlize van Romburgh / Silicon Valley Business Journal:

Trump's tweets “ordering” US companies to look for alternatives to China rattled tech stocks on Friday, with Apple closing down 4.6%, Amazon 3.1%, and AMD 7.4% — Shares of Apple and Silicon Valley's semiconductor companies were pummeled on Friday as President Trump responded …

More: Telegraph, Bloomberg, Nikkei Asian Review, Softpedia News, CNBC, iDownloadBlog.com, CCN Markets, Pocketnow, MacDailyNews, 9to5Mac, Associated Press, New York Times, BuzzFeed News, Politico, TechCrunch, and Investing.com

Facebook: Donald J Trump. Tweets: @realdonaldtrump, @realdonaldtrump, @realdonaldtrump, @realdonaldtrump, @maggienyt, @scaramucci, @briankarem, @billkristol, @philiprucker, and @adamschiff

Jeff Vogel / The Bottom Feeder:

Founder of Spiderweb, which has been making indie games for 25+ years, explains the business and design reasons for still making games with a retro, quirky look — We spent years working on this game. We're betting our family's future on it. So. Why does it look so bad?

Tweets: @carnage4life, @dgbaumgart, and @moomanibe

Yun Li / CNBC:

J.P. Morgan Chase says it will shut down its digital wallet app, Chase Pay, in early 2020, but will continue pushing the Chase Pay button in apps and on the web — KEY POINTS — The bank plans to add more retailers that accept Chase Pay through merchant apps including food ordering company Grubhub.

Freedom to Tinker:

Chrome team's idea for a new, but still cookie-based, anti-tracking standard is technically disingenuous and aimed at protecting Google's business interests — By Jonathan Mayer and Arvind Narayanan. — Blocking cookies is bad for privacy. That's the new disingenuous argument from Google …

More: Daring Fireball. Tweets: @random_walker, @benadida, @random_walker, @marypcbuk, @carnage4life, @random_walker, @random_walker, @blakereid, @evanselinger, @martinsfp, @reneritchie, @abebab, @jason_kint, @firefox, @1br0wn, @dannolan, @ashk4n, and @mtravizano

Mary Loritz / EU-Startups:

Lunar Way, a Denmark-based banking app that raised €13M and expanded to Norway in February, raises €26M, says it has obtained a European banking license — Copenhagen-based banking app Lunar Way has raised a €26 million round led by SEED Capital, while obtaining …

More: Tech.eu

Sarah Perez / TechCrunch:

Pew study: smartphone users in emerging markets have more diverse social networks than those without smartphones — The latest study from Pew Research Center takes a look at the impact mobile technology, including the use of smartphones and social media, is having on the diversity of people's social network in emerging markets.

Tim Bradshaw / Financial Times:

Interview with Tobi Lütke, CEO of Shopify, as its market cap has surpassed eBay, and it sets its sights on Amazon, building out its own fulfillment network — Tobi Lütke, the Shopify chief executive, prefers his employees to refrain from checking the ecommerce company's share price too often.

Tweets: @hkanji and @hashim_warren

Colin Harper / Bitcoin Magazine:

Inside PlusToken, a Ponzi scheme that collected ~$3B worth of cryptocurrencies from investors in China and SE Asia this year, and the efforts to trace the funds — On June 27, 2019, a handful of leaders for a wildly popular ponzi scheme that spread across Asia were arrested by Chinese authorities …

More: CoinTrust, FXStreet, Ethereum World News, CryptoSlate, Cointelegraph, and The Block

Antonia Hitchens / Wired:

Profile of Carla Engelbrecht, the director of product innovation at Netflix, whose experiments with interactive kids programs were a precursor to Bandersnatch — EARLIER THIS YEAR, Carla Engelbrecht flew to Phoenix, sat on the couch in a stranger's living room, and observed the stranger watching …

Sponsor Posts

TELUS Digital:

Are you ready for the era of agentic AI? — Tech leaders are always talking about what's next, and right now, agentic AI is dominating the discourse. Equip yourself with the info you need in this recorded webinar.

Tribe AI:

State of AI: Adoption, Challenges and Recommendations — Examining the current state of AI, the key challenges organizations face, and practical recommendations for utilizing AI integration alongside other best practices.

Zoho:

The rise of AI in recruitment — Note: This is a guest post by our integration partner Ringover.AI has already begun transforming recruitment, but in the coming years, it will reach new heights.

IDrive:

Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Sponsor Techmeme

Featured Podcasts

Techmeme Ride Home:

Will Tech Raise Prices Cause Of Tariffs?

The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.

Subscribe to Techmeme Ride Home.

Sponsor this podcast

Decoder with Nilay Patel:

UiPath CEO Daniel Dines on AI agents replacing our jobs

A show from the Verge about big ideas - and other problems.

Subscribe to Decoder with Nilay Patel.

Grit:

Brex 3.0: Inside the Radical Turnaround with Pedro Franceschi

Grit explores what it takes to create, build and scale world-class organizations.

Subscribe to Grit.

Lenny's Podcast:

Become a better communicator: Specific frameworks to improve your clarity, influence, and impact | Wes Kao (coach, entrepreneur, advisor)

Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.

Subscribe to Lenny's Podcast.

Hard Fork:

Tech Stock Shock + Solving the Mystery of OpenAI's "Blip" + Tinder's Flirt-Off

The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.

Subscribe to Hard Fork.

BG2 Pod:

Liberation Day, Tariffs, US v China Open Source, OpenAI Fundraise, $CRWV, TikTok

Open-source podcast on all things tech, markets, investing, and capitalism, hosted by Brad Gerstner and Bill Gurley.

Subscribe to BG2 Pod.

Add your postcast here

About This Page

This is a Techmeme archive page. It shows how the site appeared at 5:10 AM ET, August 26, 2019.

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.

From Mediagazer

Bloomberg:

The stock market briefly surged Monday after CNBC, Reuters, and others picked up an erroneous X post that Trump was considering a 90-day pause on tariffs

Rebecca Rubin / Variety:

A Minecraft Movie collects $157M at the US box office in its opening weekend, the biggest domestic debut of 2025 and best in history for a video game adaptation

New York Times:

A majority of 300+ WaPo tech workers sign union cards and plan to formally request recognition, WaPo's first public union drive since Bezos' 2013 acquisition

More News

Kyle Wiggers / VentureBeat:

Capacity, formerly Jane.ai, raises $13.2M Series B for its AI tech that can help companies maintain a searchable index by consolidating info from various apps

More: TechCrunch, HR Technologist, HCM Technology Report, VatorNews, DomainInvesting.com, Business Insider, SiliconANGLE, and Pulse 2.0

Taylor Soper / GeekWire:

Ally, which makes goal-planning and execution management software for enterprises, raises $8M Series A led by Accel, bringing total raised to $11M

More: Livemint, Business Wire, Inc42 Media, The Economic Times, and Pulse 2.0

Brian Bergstein / MIT Technology Review:

Profile of Rodney Brooks, the Australian roboticist who in 1990 co-founded iRobot, which used to make robots for US army and is now popular for Roomba vacuums

Jon Brodkin / Ars Technica:

Carriers' agreement with state AGs to implement new robocall blocking tech does not impose any legally binding terms on them and there is no deadline to comply

More: Android Police and VoIPWatch

Tweets: @jbrodkin and @brianweeden

Nivedita Balu / Reuters:

Court filing: AT&T and FTC reached a settlement agreement in a 2014 mobile data throttling lawsuit, which still needs to be reviewed and voted on by FTC

More: CNET, 9to5Mac, Engadget, AppleInsider, and New York Times

Farhad Manjoo / New York Times:

A graphic look at a columnist's web activity during a typical workday shows how websites and tech firms track users via tracking scripts, unique IDs, and more

Tweets: @jyasskin, @carlotorniai, @privacyproject, @peteskomoroch, @nadiehbremer, and @fmanjoo

Earlier Picks

Kate Clark / TechCrunch:

A look at the changing landscape of seed funding as more big VCs compete there, and pros and cons of raising a seed round led by a big VC vs a seed-focused fund

Tweets: @dscheinm, @sarthakgh, @dunkhippo33, and @kateclarktweets

Craig Silverman / BuzzFeed News:

Academics are still waiting to receive key data originally promised in 2018 from Facebook, which has declined to provide some of the data citing privacy fears

Tweets: @craigsilverman, @sinanaral, @lindsaypgorman, @1br0wn, @justinhendrix, @seanmmcdonald, @solomonmg, @craigsilverman, @craigsilverman, @craigsilverman, @fabiogiglietto, @byjacobward, @podehaye, @alexstamos, @zackwhittaker, @kt_so_it_goes, @johnpaczkowski, and @janelytv

Matt Kim / IGN:

Riot Games agrees to settle a class action lawsuit alleging gender discrimination, sexual harassment, and retaliation for speaking out, for an undisclosed sum

More: Riot Games, Los Angeles Times, Engadget, PC Games Insider, GameSpot, Business Insider, Polygon, VGC, Rock, Paper, Shotgun, Forbes, Dot Esports, USgamer.net, PC Gamer, and Fortune

Tweets: @margotroosevelt, @adrienneleigh, @latimes, and @brendansinclair

Edgar Alvarez / Engadget:

A first look at the Disney+ app that Disney says will offer a heavily curated and personalized experience for users with a combination of human editors and AI

More: CNET, MacRumors, 9to5Mac, AppleInsider, iPhone in Canada Blog, iPhone Hacks, The Verge, MacDailyNews, TechnoBuffalo, StarWars.com, Polygon, and The Streamable

Tweets: @evoulie, @disneyschedules, @abcdedgar, @horizonsone, and @mariosundar