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July 29, 2020, 10:50 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, mailchi.mp, TIME, The Verge, Stratechery, Android Authority, The Next Web, CNET, Washington Post, CNET, NBC News, Protocol, Axios, Newser, CNBC, The Guardian, Bloomberg, Engadget, Wall Street Journal, Washington Post, Mashable, AppleInsider, 9to5Mac, and The Hill
Tweets: @nytimesbusiness, @abc, @wired, @housejudiciary, @anandwrites, @delrey, 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, TechCrunch, New York Times, International Business Times, Silicon Valley Business …, ZDNet, The Mac Observer, Wccftech, Android Central, Silicon Republic, SiliconANGLE, Protocol, MediaNama, and Business Insider
Tweets: @andrewrsorkin, @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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| 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 … | Betsy Woodruff Swan / Politico: |
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CNBC. Tweets: @andrewrsorkin, @mattk, @repmattgaetz, @maelynnballot, @juancpedreira, @woodruffbets, @tinamcgugan, @hypervisible, @davegershgorn, @johnhendel, and @mattgaetz
| 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, The Verge, iMore, Reuters, Washington Post, Variety, Silicon Valley Business …, Fortune, and Engadget
| 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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Wired, NBC News, Ars Technica, VICE, The Interface, 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, and @sam_l_shead
| 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, Reuters, Android Headlines, iPhone in Canada Blog, SamMobile, Telecoms.com, Android Authority, Wccftech, 9to5Google, PYMNTS.com, and Neowin
Tweets: @tomwarren, @kantrowitz, @caseynewton, and @tculpan
| 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, iMore, Thurrott, Reuters, Bloomberg, 9to5Mac, The Verge, Wall Street Journal, Business Wire, Cult of Mac, Neowin, and Engadget
Tweets: @kerrymflynn and @markdistef
| 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, Hollywood Reporter, MarketWatch, CNBC, Variety, and iMore
| 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.
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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
| 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 … | 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 … | 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.| 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.| 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
| Noam Scheiber / New York Times: |
Federal judge in NY ruled that the state must promptly begin paying Uber and Lyft drivers unemployment benefits, after “an avoidable and inexcusable delay” — A federal judge's decision in New York is a key victory in efforts to secure the protections extended to other workers.| Campbell Kwan / ZDNet: |
After seeking to dismiss charges against two ex-Twitter employees and a Saudi national, DOJ files a superseding indictment with seven charges, up from two — The charges have expanded from two to seven. — Fresh off dismissing spying charges against two former Twitter employees … | 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.
Tweets: @lucas_shaw
| 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.| 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 …
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GeekWire, TechCrunch, The Next Web, Scoop, Financial Times, Decrypt, Coinspeaker, and Silicon Republic
Tweets: @emercer, @kr00ney, @ryan_browne_, and @terryangelos
| Manish Singh / TechCrunch: |
Toppr, an e-learning service in India covering 17 subjects and preparing students for five dozen competitive exams, raises $46M led by Foundation Holdings — Toppr, one of the largest online learning startups in India, has secured $46 million in a new financing round as it looks to scale its platform including a new product.
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