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July 29, 2020, 10:15 AM
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| New York Times: |
At the hearing, Bezos, Cook, Zuckerberg, and Pichai will argue their businesses are relatively small, exist in competitive environments, and benefit consumers — The C.E.O.s are likely to argue before Congress that their companies aren't anticompetitive. Here are the facts.
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YouTube, New York Times, Android Authority, The Next Web, CNET, CNET, Protocol, Axios, CNBC, Newser, The Guardian, Bloomberg, Engadget, Mashable, AppleInsider, 9to5Mac, The Hill, and Politico
Tweets: @housejudiciary and @nytimes
| Jennifer Elias / CNBC: |
Sundar Pichai will tell lawmakers that Google operates in a “highly competitive” market and that its free products benefit the “average American” — - Ahead of a Wednesday House Judiciary hearing, Alphabet CEO Sundar Pichai released opening remarks that show …
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United States House of Representatives, CNET, The Verge, TechCrunch, New York Times, International Business Times, ZDNet, The Mac Observer, Wccftech, Android Central, Silicon Republic, SiliconANGLE, Protocol, MediaNama, Business Insider, and Washington Post
Tweets: @mattrosoff, @alexeheath, @ditzkoff, @ashleyrgold, @b_fung, @richardjnieva, @jenn_elias, and @qwongsj
| The Amazon Blog: |
Bezos statement to US House underscores Amazon's job creation, investments in social causes, and its role in supporting small and medium-sized businesses — Testimony before the Subcommittee on Antitrust, Commercial, and Administrative Law — Statement by Jeffrey P. Bezos Founder & Chief …
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The Verge, Wall Street Journal, The Hill, Wired, The Hill, Vox, Fox Business, New York Times, The Irish Times, Reuters, The Verge, OneZero, Protocol, New York Times, BGR India, Bloomberg, CNBC, MediaNama, Neowin, Financial Times, Wall Street Journal, and GeekWire
Tweets: @sarahfrier, @delrey, @kshashi, @davidshepardson, @sub8u, @joannastern, @carnage4life, @joannastern, @daiwaka, @caseynewton, @sharkbiotech, @johnolilly, @dcurtis, @b_fung, @dmccabe, @profgalloway, @rauchg, @benedictevans, and @can
| Betsy Woodruff Swan / Politico: |
Mark Zuckerberg's prepared opening statement for the House hearing: “more to do” on fighting disinformation and “companies aren't bad just because they are big” — Facebook CEO Mark Zuckerberg will concede to lawmakers that his company has more work …
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CNBC. Tweets: @mattk, @repmattgaetz, @maelynnballot, @juancpedreira, @johnhendel, @woodruffbets, @hypervisible, @davegershgorn, @mattgaetz, and @tinamcgugan
| Mark Gurman / Bloomberg: |
Tim Cook will tell US lawmakers that App Store has opened the “gate wider” for developers, Apple isn't anticompetitive, and doesn't have “dominant market share” — Apple Inc. Chief Executive Officer Tim Cook will tell U.S. lawmakers probing his company's market power … | Sam Shead / CNBC: |
Facebook, YouTube, and Twitter work to pull versions of a video touting hydroxychloroquine as a COVID-19 cure, after it was shared by Trump and his allies — - A Breitbart video containing dangerous coronavirus misinformation went viral on Facebook before it was removed.
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NBC News, The Daily Beast, Ars Technica, Wired, VICE, The Interface, The Verge, and The Verge
Tweets: @kevinroose, @surabees, @brandyzadrozny, @sheeraf, @cwarzel, @erictrump, @caseynewton, @kathrynw5, @cwarzel, @cwarzel, @congressmanraja, @tomlevenson, @abraarkaran, @willsommer, @robert_e_kelly, @oneunderscore__, @brandyzadrozny, @jdiamond1, @bkoskella, @markbland, @replindasanchez, @senwarren, @cnbc, @alexberenson, @kantrowitz, @wiczipedia, @daveyalba, @sam_l_shead, @cwarzel, @parkermolloy, @peterjhasson, and @redsteeze
| Andrew Griffin / The Independent: |
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Ars Technica and VICE
Tweets: @twittercomms, @kaitlancollins, @seanmdav, @oliverdarcy, and @mzhemingway
| Bloomberg: |
Sources: Google and Samsung are in talks about giving Google products more prominence on Samsung phones, including more control over search — - Google Assistant, Play app store may gain more prominent roles — Samsung seeks other revenue sources as handset demand drops
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PCWorld, Thurrott, Engadget, XDA Developers, TechRadar, SlashGear, VentureBeat, Android Headlines, iPhone in Canada Blog, SamMobile, Android Authority, Telecoms.com, Wccftech, 9to5Google, PYMNTS.com, and Neowin
Tweets: @tomwarren, @kantrowitz, @caseynewton, and @tculpan
| Sara Fischer / Axios: |
TikTok's new CEO Kevin Mayer says it'll release code driving its content moderation algorithms, accuses Facebook of maligning attacks “disguised as patriotism” — In his first public statement as CEO of TikTok, f ormer Disney exec Kevin Mayer says the company will be releasing …
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Newsroom | TikTok, Reuters, Washington Post, CNBC, The Verge, Variety, Silicon Valley Business …, and Fortune
Tweets: @sub8u, @ryan_browne_, @jmgrygiel, @hithisismarissa, @mdudas, @sarafischer, @donie, @carlquintanilla, @donie, @realsaavedra, @larakiara, @markdistef, @firstadopter, @b_fung, @joshsternberg, @b_fung, @hkanji, @hkanji, and @sallyshin
| Reuters: |
Sources: some US investors in ByteDance, seeking to take over TikTok, are valuing the social media app at ~$50B, 50x its projected ~$1B revenue in 2020 — NEW YORK/HONG KONG (Reuters) - Some investors of TikTok's parent company ByteDance seeking to take over the popular social media app … | Todd Spangler / Variety: |
Spotify reports Q2 revenue of €1.89B, up 13% YoY, with MAUs up 29% YoY to 299M, premium users up 27% to 138M, and ad-supported MAUs up 31% to 170M — In addition, ad revenue fell 21% — which Spotify blamed on the coronavirus pandemic — but the drop wasn't quite as bad as forecast.
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VentureBeat, CNBC, iMore, Thurrott, Reuters, Bloomberg, 9to5Mac, Wall Street Journal, The Verge, Business Wire, Cult of Mac, Neowin, and Engadget
Tweets: @markdistef and @kerrymflynn
| Chaim Gartenberg / The Verge: |
AMC and Universal agree to shorten the theatrical window for films to 17 days, or 3 weekends, before Universal can release them onto premium on-demand platforms — Films only have to be in theaters for three weekends now before going to digital platforms — AMC Theaters and Universal …
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Wall Street Journal, Comcast, Hollywood Reporter, CNBC, Variety, iMore, and Android Authority
| Riley de León / CNBC: |
Health insurance company Humana partners with doctor-on-demand service Heal and invests $100M — - Telehealth start-up Heal is partnering with notable health insurance company Humana, which includes a $100 million investment that will be used to expand into new markets.| Larry Dignan / ZDNet: |
Shopify reports Q2 revenue of $714.3M, up 97% YoY, with net income of $36M compared with net loss of $28.7M in Q2 2019 — Shopify's second quarter results highlight how the company is critical to SMBs going digital. — Shopify's second quarter results benefited from a surge in small businesses … | Alexandra Alper / Reuters: |
US Treasury Secretary Steve Mnuchin says TikTok is being reviewed by CFIUS, which will make a recommendation to Trump — WASHINGTON (Reuters) - U.S. Treasury Secretary Steve Mnuchin said on Wednesday social media app TikTok is under federal government review and a recommendation will be made to President Donald Trump on it.| Marc Santora / New York Times: |
Turkey passes law extending sweeping powers over social media platforms, ordering those with 1M+ DAU to open offices in the country and store user data locally — The legislation extends control over social media platforms like Facebook, Twitter and YouTube.
More:
Al Jazeera, BBC, Human Rights Watch, RT, Middle East Eye, Bloomberg, and India Today
Tweets: @bh_friedman, @freedomonthenet, @nytimes, @chrchristensen, @hrw, @m_clem, and @matinastevis
| Sarah Emerson / OneZero : |
Former moderators at Pinterest say they had inadequate resources and minimal mental health support as they fought to keep child abuse imagery off the platform — Moderators reported seeing child pornography content ‘every couple hours’ — a good day, Blake's job as a Pinterest moderator … | Nick Kolakowski / Dice Insights: |
In July, a H-1B software engineers' median salary at Google, Microsoft, and Apple was at least $142K, a substantial increase from at least $120K in October 2019 — How much are software engineers on the H-1B visa making at some of the nation's largest tech companies? At first glance, the answer seems simple: quite a lot.| Ashley Carman / The Verge: |
Spotify debuts Group Session feature in beta, letting up to five premium users simultaneously listen to same content — Simultaneously stream music or podcasts — Spotify is now allowing its paying users to listen to music and podcasts with friends and family at the same time, even if they aren't in the same location.
More:
Spotify, MacRumors, iPhone in Canada Blog, Ubergizmo, Silicon Republic, and Firstpost Tech
Tweets: @d_e_v, @jonjones, @thekenyeung, @spotifynews, and @alexwolfco
| Ken Doctor / Nieman Lab: |
Q&A with the new CEO of NYT Meredith Levien on establishing the paper as a world-class digital product and technology company — Meredith Kopit Levien knew early on that she'd like to head up a news publishing company. She just never expected she would end up as the CEO of The New York Times …
Tweets: @raju, @jayrosen_nyu, @yayitsrob, and @sarahmarshall
| Olga Kharif / Bloomberg: |
At least three streamers banned or suspended from Twitch and Facebook following accusations of sexual harassment have moved to YouTube — When a handful of streamers were recently banned or suspended by the live-streaming platforms Twitch and Facebook following accusations of sexual harassment, their careers didn't end.| Andrew J. Hawkins / The Verge: |
Revel suspends its electric moped service in NYC after two people were killed in recent weeks; at least one was not wearing a helmet during the crash — Two people were killed and one was critically injured while riding the shared electric mopeds — Revel is suspending its service …
More:
New York Times and Gothamist
Tweets: @_gorevel, @repespaillat, @krisvancleave, @jessica_smetana, @mitchhorowitz, @ali_najmi, @andyjayhawk, and @digiphile
| Larry Dignan / ZDNet: |
AMD reports Q2 revenue of $1.93B, up 26% YoY, Computing and Graphics segment revenue of $1.37B, up 45% YoY — AMD's results land as its primary rival Intel has been struggling with its 7nm roadmap delays. — AMD reported better-than-expected second quarter results as sales surged 26% …
More:
Advanced Micro Devices, Thurrott, PCWorld, South China Morning Post, AnandTech, TechRadar, TechPowerUp, MSPoweruser, Wccftech, Bloomberg, and SiliconANGLE
Tweets: @quinnypig, @ldignan, @patrickmoorhead, @danielnewmanuv, @anshelsag, @benbajarin, and @ericjhonsa
| Ryan Browne / CNBC: |
TransferWise announces a new $319M secondary share sale round led by Lone Pine Capital and D1 Capital Partners at a $5B valuation — - TransferWise employees and early investors sold some of their stakes in a $319 million secondary deal. — The company's $5 billion valuation makes …
More:
GeekWire, TechCrunch, The Next Web, Scoop, Decrypt, Coinspeaker, Silicon Republic, Financial Times, Reuters, and The Business Times
Tweets: @emercer, @kr00ney, @ryan_browne_, and @terryangelos
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