Techmeme
September 2, 2020, 5:40 PM

Top News

Soumyarendra Barik / MediaNama:
India bans another 188 Chinese apps, including PUBG, Baidu, and Alipay, saying widespread concerns were flagged against the blocked apps  —  India on Wednesday banned 118 more apps, including popular gaming app PUBG, for allegedly being engaged in activities which are “prejudicial to sovereignty …
Chaim Gartenberg / The Verge:
Intel announces 11th-generation Tiger Lake CPUs for laptops, with integrated Xe graphics, Thunderbolt 4 support, Wi-Fi 6, and more, coming this fall  —  The ‘best processor for thin-&-light’ laptops  —  Intel has officially announced its first 11th Gen Tiger Lake processors for laptops …
James Vincent / The Verge:
In response to UK's “digital services tax”, Apple says it will raise UK developer fees by 2% and Amazon says it will increase third-party seller fees by 2%  —  Developers, ad buyers, and third-party sellers are all affected  —  For many years, Europe has been unhappy with the tax habits of US tech giants.
Alex Barker / Financial Times:
Wall Street Journal:
Sources: Robinhood is under SEC investigation for failing to fully disclose selling clients' orders to high-speed trading firms, with a potential $10M+ fine  —  Company could have to pay a fine exceeding $10 million if it agrees to settle  —  Robinhood Markets Inc. faces a civil fraud investigation …
Peter Rudegeair / Wall Street Journal:
Driven by the popularity of Cash App, Square's stock is up 28% in the past month and 166% in the past year; Cash App saw revenue double to $325M in Q2 2020  —  Users have flocked to Cash App, which made it easy for people to accept stimulus checks and unemployment benefits
Martin Brinkmann / gHacks Technology News:
Microsoft says it will bring its DirectStorage API from the Xbox to PCs, to reduce IO bottlenecks and improve game loading times and graphics details  —  When Microsoft announced the next Xbox console some time ago, it highlighted some features of the console's underlying architecture to demonstrate its power.
Donie O'Sullivan / CNN:
Facebook says, after an FBI tip, it took down several Pages and accounts pushing a fake left-wing news outlet made by people linked to Russian troll group IRA  —  New York (CNN Business)People associated with the infamous St. Petersburg troll group that was part of Russia's attempt to interfere …
Bryan Menegus / Gizmodo:
Amazon had job listings, now removed, for “intelligence analysts” who would assess “labor organizing threats” and contribute to filings like restraining orders  —  Jeff Bezos obviously doesn't want a union in his company.  Amazon's increasingly flippant statements …
Lauren Kaori Gurley / VICE:
Josh Gerstein / Politico:
Federal appeals court rules the NSA's mass surveillance program was possibly unconstitutional and the program's “bulk collection” of metadata was illegal  —  The National Security Agency program that swept up details on billions of Americans' phone calls was illegal and possibly unconstitutional …
Sarah Frier / Bloomberg:
Facebook updates its terms of service globally, effective Oct. 1, allowing it to block content amid proposed Australian law that would force it to pay for news  —  - Change will give Facebook powers to remove or block content  — Mark Zuckerberg has long publicly championed free speech
Apple:
Apple says the iOS app economy created 300,000 new US jobs since April 2019 and now supports 2.1M+ US jobs across all 50 states, up 15% YoY  —  App Store ecosystem now supports over 2.1 million jobs across all 50 states  —  The iOS app economy has created nearly 300,000 new jobs since April 2019 …
Kyle Wiggers / VentureBeat:
NHTSA launches an autonomous vehicle test tracking tool with data on 17 US cities in partnership with Fiat Chrysler, Toyota, Uber, Waymo, and others  —  In June, the U.S. National Highway Traffic Safety Administration (NHTSA) detailed the Automated Vehicle Transparency and Engagement for Safe Testing …
Christina Farr / CNBC:
Biofourmis, which uses medical wearables to test pharmaceutical drugs, raises $100M led by SoftBank's Vision Fund 2 with participation from Sequoia  —  - Softbank's Vision Fund just led a $100 million investment in Biofourmis.  — Biofourmis works with global pharma companies to help improve …
CNN:
Donald Trump, his campaign's “War Room” account, Steve Scalise, and Dan Scavino recently shared misleading videos; Twitter labeled three as “manipulated media”  —  (CNN Business)A series of deceptively edited and misleading videos shared by prominent Republicans …
Maria Armental / Wall Street Journal:
Patreon says it has raised $90M at a $1.2B+ pre-money valuation, nearly twice the $660M valuation it had after a funding round last year  —  New Enterprise Associates and Wellington Management led the $90 million funding round  —  Membership platform Patreon Inc., which enables musicians …

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