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August 24, 2020, 6:35 PM
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| New York Times: |
TikTok sues the Trump administration in federal court, arguing Trump's EO deprived it of due process — The suit escalates a bitter back-and-forth between the popular video app and American officials. — SAN FRANCISCO — TikTok sued the U.S. government on Monday, accusing the Trump administration …
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| Alex Sherman / CNBC: |
In its lawsuit with the US, TikTok says in the US it had 11.3M MAUs in January 2018, 91.9M in June 2020, and now has 100M+; globally it had ~700M MAUs in July — - TikTok revealed specific U.S. and global growth milestones for the first time in a lawsuit against the U.S. government.| Wall Street Journal: |
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| Sergiu Gatlan / BleepingComputer: |
Zoom says it has now fixed the issues that caused major service outages across the UK and parts of the US — Zoom users around the world are currently unable to join meetings and video webinars using the Zoom web client and the desktop app just as students going back to school today …
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| Lucas Shaw / Bloomberg: |
Audible debuts Audible Plus, a $7.95/month tier with unlimited access to a library of 11K+ titles spanning audiobooks, podcasts, and original productions — - Audiobook company goes after podcast listeners in new push — Cheaper plan will include 11,000 titles, including originals| Reuters: |
Sources: Foxconn, Pegatron, and others are considering shifting production to Mexico, as US-China tensions rise, with potential plans to make iPhones — HONG KONG/TAIPEI/MEXICO CITY (Reuters) - Taiwan-based electronics manufacturers Foxconn and Pegatron are among companies eyeing new factories in Mexico … | Nico Grant / Bloomberg: |
Black VCs discuss systemic issues within the industry, where only 4% of VCs are African-American and investment rates are low, and wonder about the future — At a time when the U.S. has been thrust anew into conversations about racial inequality, many Black venture capitalists say they are grappling …
Tweets: @taylorlorenz and @business
| Craig Silverman / BuzzFeed News: |
Investigation: Chinese phone maker Transsion, which sells the ~$30 Tecno W2, preinstalled malware on some devices, leading to stolen data and money from users — When Mxolosi saw a Tecno W2 smartphone in a store in Johannesburg, South Africa, he was attracted to its looks and functionality.| John Koetsier / Forbes: |
Security research firm Snyk alleges that Chinese ad network Mintegral committed ad click fraud via its SDK across billions of installs of 1,200+ iOS apps — A Chinese ad network named Mintegral is accused of spying on user activity and committing ad fraud in more than 1,200 apps with 300 million installs per month since July 2019.
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Snyk, AppleInsider, ZDNet, Dark Reading, Help Net Security, and SecurityWeek
Tweets: @alyssam_infosec, @snyksec, @boldstartvc, @reybango, and @alyssam_infosec
| Ari Levy / CNBC: |
Cloud database company Snowflake files for IPO, says in the first half of 2020 its revenue jumped to $242M from $104M YoY, while its gross profit almost tripled — - Snowflake said that revenue in the first half of 2020 more than doubled to $242 million, while its net loss narrowed slightly to $171.3 million.| Christina Farr / CNBC: |
Google is investing $100M in telehealth provider Amwell, which will use Google Cloud and has filed to go public after seeing revenue jump 77% in H1 2020 — - Google Cloud is investing $100 million into AmWell, formerly known as American Well, in a concurrent private placement with its IPO.| Bloomberg: |
DevOps service JFrog files for a US IPO of $100M, says it lost $426,000 on revenue of $69M in the first half of 2020 — JFrog Inc., a technology company that makes tools for software developers, filed for an initial public offering, adding to a U.S. listings rush by the industry.| Hyunjoo Jin / Reuters: |
South Korea's antitrust watchdog says Apple Korea has offered to spend $84M on supporting small businesses, consumers, and others, to address antitrust concerns — SEOUL (Reuters) - Apple Inc.'s (AAPL.O) South Korean unit has proposed measures to address antitrust concerns and offered … Sponsor Posts
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