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August 27, 2020, 3:25 PM
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| 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 …
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New York Times, CNBC, CNN, Wall Street Journal, The Verge, Wall Street Journal, TechCrunch, Bloomberg, Windows Central, Social Media Today, AppleInsider, dexerto.com, Reuters, Fortune, Android Headlines, The Hill, Adweek, MSPoweruser, Protocol, Newser, Hollywood Reporter, TechNode, PYMNTS.com, ZDNet, Micky, MediaNama, The Guardian, Washington Post, Input, Digital Trends, Silicon Republic, The Next Web, CNET, and Engadget
Tweets: @cnbcnow, @neilcybart, @v_ness, @loudmouthjulia, @loudmouthjulia, @hawleymo, @panzer, @esaagar, @amlewis4, @colinmort, @neilcybart, @newley, @taralach, @refsrc, @niubi, @kylebrussell, @nongaap, @wongmjane, @sub8u, @thekenyeung, @taylorlorenz, @caseynewton, @_harshilshah, @martinsfp, @karaswisher, @thekenyeung, @sal19, @carnage4life, @joshconstine, @jason, @loudmouthjulia, @loudmouthjulia, and @kurtwagner8
| 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.
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Ars Technica, The Hill, Engadget, CNET, 9to5Mac, Windows Central, Variety, Tubefilter, PYMNTS.com, PingWest, MacDailyNews, MSPoweruser, Mashable, OnMSFT.com, iDownloadBlog.com, Neowin, Tech News, and Fortune
Tweets: @sherman4949, @mattrosoff, @pkafka, @sharonwaxman, @mehedih_, @mattrosoff, @jessicalessin, @qhardy, and @zeanes
| The Wrap: |
Sources: 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 — Oracle, the technology giant led by Larry Ellison, has taken the lead position to acquire the Chinese-owned social app TikTok …
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Protocol. More:
Bloomberg, TechCrunch, Thurrott, Android Headlines, The Information, MSPoweruser, Digital Trends, Investor's Business Daily, TheStreet, and OnMSFT.com
Tweets: @hshaban, @storagezilla, @caseynewton, @yoda, @mgsiegler, @kantrowitz, @jaycuthrell, @jchu, @teddyschleifer, @alexdevkar, and @llsethj
| 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 …
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Amazon.com, Inc., Engadget, CNN, CNBC, The Amazon Blog, TechCrunch, International Business Times, Gizmodo, Financial Times, Ars Technica, ZDNet, AppleInsider, Android Authority, Macworld, Android Police, Tom's Guide, iPhone in Canada Blog, GeekWire, MacRumors, The Irish Times, iPhone Hacks, Thurrott, Windows Central, SlashGear, Computer Business Review, Protocol, Business Insider, iDownloadBlog.com, Neowin, and 9to5Toys
Tweets: @chrissyfarr, @backlon, @jjvincent, @chuckwendig, @c_davies, @cloudcomplices, @sapna, @rosiegray, @kate_mckean, @mer__edith, @hallstephenj, @345triangle, @b_fung, @backlon, @brianroemmele, @willoremus, @shiraovide, @karaswisher, @backlon, @bigblackjacobin, @chrissyfarr, @backlon, @tomwarren, @laurengoode, and @pippedtodeath
| 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| 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.
Tweets: @waxy, @chr1sa, @ckrewson, @ruudwjanssen, @robpegoraro, @rashmi, @joshsternberg, @tolles, and @narendra
| Jeff John Roberts / Fortune: |
Digital Currency Group to invest $100M in its subsidiary Foundry, which was quietly formed in 2019 to mine bitcoin and other cryptocurrencies in N. America — In the early days of Bitcoin, people could mine the cryptocurrency in their homes using cell phones or laptops.
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Business Wire, CoinDesk, Decrypt, The Block, and BitcoinExchangeGuide
| 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 …
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The Register, Wall Street Journal, Facebook Audience Network, Facebook, Ars Technica, Threatpost, The Guardian, CNBC, BBC, Input, Adweek, Redmond Pie, KnowTechie, and Engadget
Tweets: @waltmossberg, @sarahfrier, @joannastern, @random_walker, @rjonesy, @hoofnagle, @shawndubravac, @emilystewartm, @sandofsky, @hotdogsladies, @caseynewton, @joannastern, @neilcybart, @matt_cagle, @jason_rubin, @jeffseibert, @deardara, @shiraovide, @film_girl, @benedictevans, @aripap, @kylealden, @mattlynley, and @sandofsky
| Annie Palmer / CNBC: |
Amazon opens its first Fresh grocery store in Los Angeles to select customers, equipped with Dash Carts and voice-activated Echo Show displays — - Amazon is opening the first location of its new chain of Fresh grocery stores. — The store, located in Los Angeles' Woodland Hills neighborhood …
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The Amazon Blog, Reuters, CNET, PYMNTS.com, CNN, TechCrunch, Mashable, The Verge, and Engadget
| 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.
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SiliconANGLE, Fastly, ZDNet, TheStreet, Dark Reading, and Signal Sciences
| 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
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iPhone in Canada Blog, The Mac Observer, AppleInsider, 9to5Mac, Gizchina, MacRumors, The Next Web, and iMore
Tweets: @neiltwitz, @neiltwitz, @vladsavov, @jainmayank_943, @vijayshekhar, and @rmantri
| 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.
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Wall Street Journal, Financial Times, and CoinDesk
| Scott Stein / CNET: |
Inside Facebook's Horizon, a VR massive multiplayer world, as it enters an invite-only beta, as questions remain about privacy and safety — We're standing in an escape room space, where one of us is trying to guide a block into a target and communicate to the other person, standing behind a wall at a control panel.
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About Facebook, MSPoweruser, and Engadget
| C. Scott Brown / Android Authority: |
Leaked video appears to show LG's forthcoming dual-screen Wing, which has a rumored 6.8-inch main display and a flip-out 4-inch second display — - The video gives us ideas of possible use cases for a phone with this design, and they are pretty compelling.| Shubham Agarwal / Digital Trends: |
Twitter says it “may limit the visibility” of “copypasta” tweets that feature text that has been copy and pasted without any modifications from the source — Twitter will now hide tweets that feature text that's been copy and pasted without any modifications from the source.| Bloomberg: |
Sources detail US antitrust investigations into Google, which are focusing on how the company bundles its ad tools in potentially anticompetitive ways — - Investigators ask rivals about Google bundling adtech tools — Probe has parallels to the U.S. case against Microsoft in 1998| 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.
Tweets: @donal888
| Sara Castellanos / Wall Street Journal: |
Visa says it has developed a more advanced AI system that can approve or decline credit and debit transactions on behalf of banks whose own networks are down — The deep-learning application makes more accurate decisions on behalf of banks experiencing network disruptions, Visa says
Tweets: @visanews
| Ingrid Lunden / TechCrunch: |
Restream, a service that helps creators stream to around 30 platforms simultaneously, raises $50M Series A co-led by Sapphire Ventures and Insight Partners — Live streaming of video has come into its own during the coronavirus pandemic, with services like Zoom, YouTube, Twitch … | Ryan Browne / CNBC: |
Swedish online payments startup Klarna reports a ~$59.8M net loss for H1 2020, a sevenfold increase YoY, as total net operating income rose 37% YoY to ~$528M — - Klarna racked up a net loss of 522 million Swedish krona ($59.8 million) between January and June, a sevenfold increase from the same period a year ago.
Tweets: @ryan_browne_
| 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.
More:
TechCrunch, XDA Developers, Silicon Canals, 9to5Google, Android Central, GSMArena.com, Neowin, Gizmodo, and The Verge
Tweets: @ripienaar and @techcrunch
| 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 …
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FinSMEs
| Jeremy Horwitz / VentureBeat: |
Opensignal report: US average 5G speeds (50.9 Mbps), just 1.8x 4G speeds (28.9 Mbps), lag behind the rest of the world; South Korea and Saudi Arabia lead — It's no surprise at this point that United States rollouts of 5G networks haven't delivered on the next-generation cellular standard's promise … | Lauren Feiner / CNBC: |
DC AG sues Instacart, claiming it deceived customers into thinking service fees would go to workers, after bringing a similar charge against DoorDash in Nov. — - District of Columbia Attorney General Karl Racine announced a lawsuit Thursday against Instacart, claiming the grocery delivery …
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