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August 27, 2020, 1:10 PM
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Top News

Dan Primack / Axios:
Walmart says it is working with Microsoft on the TikTok deal, sources say with the idea of turning TikTok US into an e-commerce app for creators and users  —  Microsoft is working with Walmart on its efforts to buy TikTok's U.S. business from China's ByteDance, Axios has learned from multiple sources close to the process.
Financial Times:
TikTok CEO Kevin Mayer resigns, sources say after Trump threatened to ban the app; Vanessa Pappas, currently general manager of TikTok, will become interim head  —  Former Disney executive resigns just months after appointment by Chinese video platform  —  Kevin Mayer has quit TikTok …
Alex Sherman / CNBC:
Sources: TikTok likely to announce a sale of US, Canada, Australia, and NZ operations in a deal worth $20B to $30B as soon as next week  —  - TikTok is nearing an agreement to sell its U.S., Canadian, Australian and New Zealand operations in a deal that could be announced as soon as next week, sources say.
Shakeel Hashim / Protocol:
Report: Oracle has taken the lead position to acquire TikTok and is offering $10B in cash, $10B in stock, and 50% of TikTok's annual profit to ByteDance  —  The Wrap reports that Oracle is offering $10 billion in cash, $10 billion in Oracle stock, and an agreement that 50% of TikTok's profit will go to ByteDance.
Russell Brandom / The Verge:
Facebook users reported Kenosha Guard's Page and event to Facebook before the shootings but were told it did not violate its policies; the Pages are now gone  —  Multiple users reported the account for inciting violence, but were told it did not violate platform policy
Dieter Bohn / The Verge:
Amazon announces Halo, a $99.99 fitness band with an app to track emotional tone and create 3D scans for body fat, with a $3.99/month subscription service  —  It makes a 3D model of your body and tracks the emotional tone in your voice  —  Amazon is getting into the health gadget market …
Rafat Ali / Skift:
A few lessons for the events industry from digital turning points in music, video, and news industries, as Zoom transforms events like Napster changed music  —  All types of business events are in danger of their revenue streams of tickets, sponsorships, memberships, and other types of fees being eroded.
Sara Fischer / Axios:
Facebook warns publishers that Apple's upcoming privacy changes in iOS 14, which clamp down on ad tracking IDFA usage, will make Audience Network less effective  —  Facebook is warning advertisers that they can expect weaker ad performance from iPhone users once iOS 14 comes out next month …
Kia Kokalitcheva / Axios:
SEC approves new NYSE rules that will let companies raise capital through direct listings, a technique that Spotify and Slack used  —  The U.S. Securities and Exchange Commission on Wednesday approved the New York Stock Exchange's rule change that will allow companies to raise new capital as part of a direct listing.
Bloomberg:
Counterpoint: Apple's AirPods are expected to sell 82M pairs this year, but their worldwide market share of true wireless earphones will drop from ~50% to 35%  —  - AirPods maker is projected to sell 82 million pairs this year  — Wider market growing even faster, driven by cheaper models
Ari Levy / CNBC:
Salesforce to cut ~1,000 jobs, 1.8% of its workforce, including some Tableau employees, and will give those affected 60 days to find a new role in the company  —  - The cuts amount to about 2% of Salesforce's workforce, but employees affected will have 60 days to find a new position at the company.
Daniel Cooper / Engadget:
Fairphone debuts modular €469 Fairphone 3+ with 40% recycled plastics, launching on September 14; Fairphone 3 users can upgrade camera module for €70  —  Fairphone is a Dutch social enterprise that's trying to improve supply chain and labor conditions in the tech industry.
Igor Bosilkovski / Forbes:
ChartHop, which provides charts to companies about their employees including data such as ethnicity and base compensation, raises $14M Series A led by a16z  —  Organizational platform ChartHop, which provides companies with visual charts that include various data points about their employees …
More: FinSMEs
Jonathan Shieber / TechCrunch:
CDN provider Fastly to acquire security monitoring and management company Signal Sciences for $775M  —  Los Angeles was always more than a one industry town, even when it comes to technology startups, but media and entertainment (and social networking) were always the big draws in tinseltown.
Jay Peters / The Verge:
Epic says Fortnite gamers on iOS and macOS will not be able to play the game's next season, arriving Thursday, and will lose cross-play with non-Apple platforms
Don Clark / New York Times:
Sources say problems at Intel are likely to delay the DoE's exascale supercomputer project, which was scheduled to be installed near Chicago in 2021  —  The chip maker was selected for an Energy Department project meant to show American tech independence.  But problems at Intel have thrown a wrench into the effort.
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About This Page

This is a Techmeme archive page. It shows how the site appeared at 1:10 PM ET, August 27, 2020.

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

The New York Times Company:
The New York Times names Dick Stevenson as Washington bureau chief; Stevenson has been at the paper for nearly 40 years and Washington editor since 2021

Ayodeji Rotinwa / Columbia Journalism Review:
A look at the Agora Center for Research, a Ugandan newsroom sitting between activism and investigative reporting, posting its work on various social media sites

Caitlin Huston / The Hollywood Reporter:
Internal memo: Hearst Magazines president announces layoffs as part of a decision to “reallocate resources” to “continue our focus on digital innovation”

More News

Substack Blog:
Substack to support paid subscriptions for writers based in India; the feature is in beta and Substack will waive its 10% fee during the beta period
David McLaughlin / Bloomberg:
Rep. David Cicilline says recommendations from House antitrust inquiry could come as soon as Sept. and a Glass-Steagall-like law for tech might be an option

Earlier Picks

Chaim Gartenberg / The Verge:
Sony opens registration for invite-only PlayStation 5 preorders, says supply will be limited and invitation program is aimed at existing PlayStation customers
Dan Primack / Axios:
Ten VC firms say they're adding “diversity riders” in term sheets, pledging startups and lead investors will try to include underrepresented investors in deals
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