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August 24, 2020, 5:15 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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Tweets: @tomcottonar, @v_ness, @sarafischer, @tiktok_comms, and @taylorlorenz
| 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: |
Sources: Mark Zuckerberg stoked concerns about Chinese internet companies and TikTok in meetings with officials and several senators in Washington, DC last fall — Social-media tycoon emphasized threat from Chinese internet companies as he worked to fend off U.S. regulation of Facebook
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Engadget, Gizmodo, CNBC, The Hill, The Next Web, The Guardian, PYMNTS.com, Neowin, Coinspeaker, Input, Beyond Search, Silicon Republic, KnowTechie, CyberNews, CNET, New York Times, Slashdot, MSPoweruser, Android Headlines, and Digital Trends
Tweets: @andymstone, @taylorlorenz, @slpng_giants, @filloux, @taylorlorenz, @wblau, @ritholtz, @donie, @katerinareports, @cat_zakrzewski, @donie, @benmullin, @mattzeitlin, @jerrydunleavy, @michaelbkelley, @dericsayers, @blakereid, @arainert, @parkermolloy, @jason_kint, @mrinaldesai, @nathanking, @wsj, @jason_kint, and @lizclaman
| 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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The Verge, Zoom Status, TechCrunch, Bloomberg, Gizmodo, Business Insider, CNBC, TechRadar, CNET, and MSPoweruser
Tweets: @zoom_us, @gartenberg, and @garygrumbach
| 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 … | 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| 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, Snyk, AppleInsider, ZDNet, Dark Reading, Help Net Security, and SecurityWeek
Tweets: @alyssam_infosec, @snyksec, @boldstartvc, @reybango, and @alyssam_infosec
| 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.| 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 … | Sidney Fussell / Wired: |
US law enforcement agencies are getting more savvy about using information collected by smart speakers and other devices as part of criminal investigations — Requests are rising from law enforcement for information on the devices, which can include internet queries, food orders, and overheard conversations.
Tweets: @wired, @zenalbatross, @wired, @quiara, @claytoncubitt, @homolingual, @jay_hernandez, @nxthompson, @onekade, and @hypervisible
| Jordan Novet / CNBC: |
Unity Software, which makes a 3D engine for games and more, files for a US IPO, reports that in 2019 it had a $163.2M net loss on $541.8M in revenue, up 43% YoY — - Unity boasts business from game makers such as EA, Microsoft, and Zynga. — The company gains revenue as organizations develop …
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TechCrunch, Axios, Tech News, and NBC News
Tweets: @carnage4life, @ryan_browne_, @ddiakopoulos, @ericnewcomer, and @j_k9
| Bloomberg: |
Luminar, a lidar tech startup backed by Peter Thiel, Volvo, and GoPro's founder Nick Woodman, plans to go public via a $3.4B merger with a SPAC — - Gores Metropoulos said to agree on merger with Luminar — Luminar investors to retain 80% of company after Gores deal
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SiliconANGLE, Reuters, Silicon Valley Business …, and TechCrunch
Tweets: @thestalwart, @dstrachman, and @business
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