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July 29, 2022, 2:30 PM
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WeSmirchTop News
| Leah Nylen / Bloomberg: |
Sources: Lina Khan overruled FTC staff to sue Meta over its Within acquisition; the FTC didn't take sworn interviews of company execs in the nine-month inquiry — Federal Trade Commission Chair Lina Khan led her fellow Democrats in the agency's majority vote to sue Meta Platforms Inc. this week …
More:
Meta, PYMNTS.com, GamesIndustry.biz, and The Verge
Tweets: @scottlincicome, @carlszabo, @tedfrank, @dwcaprio, @ericjackson, @amir, @adamkovac, and @gregstohr
| Cecilia Kang / New York Times: |
FTC chair Lina Khan's attempt to block Meta's Within acquisition upends decades of antitrust standards and may shift how DC enforces competition in nascent tech — Lina Khan may set off a shift in how Washington regulates competition by filing cases in tech areas before they mature.
More:
BIG by Matt Stoller, Financial Times, Dave Lee, Truth on the Market, and MarketWatch
Tweets: @jimprosser, @moonalice, @enbrown, @enbrown, @blakereid, @enbrown, @liroyleshed, @anshelsag, @daveleeft, @binarybits, @glenweyl, @kevinakwok, @enbrown, @ctbeiser, @gpanger, @benz145, @binarybits, @enbrown, @choo_hehimlvl3, @julieinannap, @enbrown, @enbrown, @onekade, @johnnyryan, @adamkovac, @karlbode, @veenadubal, @karlbode, @kerrymflynn, @ronmknox, and @ftc
| Richard Lawler / The Verge: |
A Delaware judge rules that Twitter's case against Elon Musk for attempting to exit his $44B takeover will go to trial from October 17 to October 21, 2022 — Everybody's going to the Court of Chancery — We have a schedule for the Delaware Court of Chancery trial over T witter's lawsuit …
More:
Bloomberg, Washington Post, CNN, TechCrunch, CNBC, Reuters, MobileSyrup, Barron's Online, International Business Times, Engadget, Neowin, and Tech Xplore
Tweets: @mims, @thecityofjules, and @seldo
| Amanda Seitz / Associated Press: |
Twitter says it fielded nearly 60K legal demands globally in H2 2021 and complied fully with ~40%; the US accounted for 20% of account information requests — WASHINGTON (AP) — Twitter warned Thursday that governments around the globe are asking the company to remove content or snoop … | Joseph Cox / VICE: |
Canadian coffee chain Tim Hortons proposes offering customers a free hot drink and baked good as settlement for tracking their location data for over a year — The wholesome Canadian chain caused a scandal when its privacy violation was revealed, and now it's proposing a free coffee and a baked good as restitution.
Tweets: @taylor_owen, @kantrowitz, @rahulmehrotraa, @martinsfp, @jason_koebler, @kenwattana, and @josephfcox
| Olivia Solon / Bloomberg: |
Sources: a Chinese government PR unit asked for a stealth TikTok account targeting Western audiences with propaganda; TikTok declined the “sensitive” request — A Chinese government entity responsible for public relations attempted to open a stealth account on TikTok targeting Western audiences …
More:
Insider, The Guardian, and PCMag
Tweets: @oliviasolon, @zoeschiffer, @mikeelgan, @lmatsakis, @byron_wan, @oliviasolon, and @martinsfp
| Apple: |
Apple reports record Q3 revenue of $83B, up 2% YoY, vs $82.8B est., net income down 11% to $19.4B, iPhone revenue up 3% to $40.7B, Mac revenue down 10% to $7.4B — iPhone and Services drive June quarter record revenue — Active installed base of devices reaches all-time high for all major product categories| Kif Leswing / CNBC: |
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TechCrunch, Philip Elmer‑DeWitt, Six Colors, MacStories, 9to5Mac, Coinspeaker, Silicon Republic, iThinkDifferent, Gizchina, Patently Apple, AppleInsider, Neowin, BGR India, Daring Fireball, TheStreet, WRAL TechWire, Apple Must, PYMNTS.com, MacRumors, Reuters, and iThinkDifferent
Tweets: @patrickmcgee_, @joannastern, @benbajarin, @jason_kint, @trengriffin, @divestech, @munster_gene, @neilcybart, @neilcybart, @jimcramer, @neilcybart, @neilcybart, @trungtphan, @lapcatsoftware, @stroughtonsmith, @divestech, @divestech, @neilcybart, @neilcybart, @neilcybart, @samifathi_, @neilcybart, @mingchikuo, @ron_miller, @epro, and @anthony
| Richard Lawler / The Verge: |
In an email to Twitter Blue subscribers, Twitter says it is increasing the price of the service; in the US, the price will jump from $2.99 to $4.99 per month — Who would pay for Twitter? — People frequently express their amazement that Twitter is free, but for some people, it isn't …
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TechCrunch, Gizmodo, Android Police, Thurrott, 9to5Mac, Digital Trends, The Shortcut, MSPoweruser, XDA Developers, Droid Life, Neowin, PCMag, KnowTechie, Engadget, BetaNews, Phandroid, Mashable, and Pocket-lint
| Abner Li / 9to5Google: |
Amazon plans to shut down Drive, its cloud storage service launched in March 2011, at the end of 2023 to focus “on photos and video storage with Amazon Photos” — In an email to customers this morning, Amazon announced that its “Drive” cloud storage service is shutting down at the end of 2023.
More:
Thurrott, TechCrunch, GeekWire, The Verge, AppleInsider, Tom's Hardware, SlashGear, and AFTVnews
Tweets: @om, @davewiner, and @killedbygoogle
| David E. Sanger / New York Times: |
As Congress debated the $280B CHIPS Act for 13 months, China's semiconductor industry surged ahead, making a 7nm chip that may be based on, or stolen from, TSMC — While Congress argued over whether and how to support American chip makers and research in other technologies China was surging ahead.| Pete Schroeder / Reuters: |
US banking regulators order Voyager Digital to cease and desist from making “false and misleading” claims that its customers' funds were insured by the FDIC — U.S. banking regulators have ordered crypto firm Voyager Digital to cease and desist from making “false and misleading” …
More:
CoinDesk, Board of Governors …, PYMNTS.com, Protocol, Bloomberg, Bitcoin News, CryptoSlate, Cryptonews, Decrypt, Cointelegraph, Web3 is going just great, CoinGape, and Micky. Tweets: @claritytoast
| Manu P Toms / The Economic Times: |
Sources: Ola and Uber are discussing a possible merger, after a deal did not materialize four years ago, when common investor Softbank pushed for it — Both companies had held conversations four years ago as well, when common investor Softbank had pushed for a merger. A deal did not materialise back then.
More:
Reuters, Inc42 Media, and Gadgets 360
Tweets: @bhash, @manutoms, @anirbanblah, and @datta_arvind
| Amazon: |
Amazon reports Q2 revenue up 7% YoY to $121.2B, $2B net loss vs. $7.8B net income in Q2 2021, and AWS revenue up 33% YoY; stock jumps 12%+ — SEATTLE—(BUSINESS WIRE)—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2022.
More:
PYMNTS.com, TechCrunch, Protocol, CNBC, Fast Company, CNBC, Finbold, Coinspeaker, ComputerWeekly.com, The Economic Times, diginomica, SiliconANGLE, BigTechWire, and New York Times
Tweets: @carnage4life, @delrey, @jonathanvanian, @conorsen, @conorsen, @charliebilello, @parismartineau, @patrickmoorhead, and @chriskeall
| Paul Alcorn / Tom's Hardware: |
Intel is winding down its Optane memory business, incurring a $559M inventory impairment; Optane is the sixth non-core business Intel CEO Pat Gelsinger has sold — 3D XPoint at the last crossroad. — Intel's Q2 2022 earnings report today was uncharacteristically disappointing …
More:
CRN, DCD, PCWorld, The Register, AnandTech, TechRadar, Appuals.com, Neowin, and ServeTheHome. Tweets: @cscotta. Thanks:@paulyalcorn
| Jordan Novet / CNBC: |
More:
Intel, SemiAnalysis, Reuters, Tom's Hardware, Bloomberg, Windows Central, Tom's Hardware, Fabricated Knowledge, Computerworld, Silicon Republic, HotHardware, The Verge, TechSpot, TechCircle, Finbold, Coinspeaker, Fossbytes, Wall Street Journal, The Register, HPCwire, and PCMag
Tweets: @patrickmoorhead, @stevesi, @benbajarin, @dylan522p, @dylan522p, @tculpan, @jonmasters, @dylan522p, @markhachman, @niubi, @baldingsworld, @jonmasters, and @donal888
| Manish Singh / TechCrunch: |
Battle-royale game BGMI, with 16.5M MAUs in India, delisted from iOS and Android app stores after Indian government ban, two years after a ban of Krafton's PUBG — Google has pulled the popular battle royale game Battlegrounds Mobile India, more popularly known as BGMI …
More:
Reuters, The Indian Express, The Economic Times, Inc42 Media, BBC, Trak.in, MediaNama, Livemint, The Economic Times, Firstpost Tech, and GamesIndustry.biz
Tweets: @refsrc, @adityakalra, @gagan_arora1, and @adityakalra
| Amanda Silberling / TechCrunch: |
Instagram's Dual copies BeReal's front and back camera capture feature, but misses the point: people like BeReal because it's non-addictive by design — BeReal is all about friends and habits — not the algorithm — We know the drill: Snapchat adds the Stories feature, Instagram nabs it.
More:
The Verge, Protocol, The Information, The Hill, The Economic Times, VICE, and Livemint
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