At the hearing, Bezos, Cook, Zuckerberg, and Pichai will argue their businesses are relatively small, exist in competitive environments, and benefit consumers
The C.E.O.s are likely to argue before Congress that their companies aren't anticompetitive. Here are the facts.
Bezos statement to US House underscores Amazon's job creation, investments in social causes, and its role in supporting small and medium-sized businesses
Testimony before the Subcommittee on Antitrust, Commercial, and Administrative Law — Statement by Jeffrey P. Bezos Founder & Chief …
Tim Cook will tell US lawmakers that App Store has opened the “gate wider” for developers, Apple isn't anticompetitive, and doesn't have “dominant market share”
and who include two of the world's richest individuals — primed to argue that their businesses are not really that powerful after all.” https://www.nytimes.com/... Nilay Patel / @reckless : I understa...
Livestream of the House Antitrust Subcommittee hearing on online platforms and market power with the CEOs of Amazon, Facebook, Google, and Apple
TW: @HouseJudiciary | FB: HouseJudDems | IG: HouseJudDems | M: /HouseJudiciary Subcommittee on Antitrust, Commercial, and Administrative Law |
Facebook, YouTube, and Twitter work to pull versions of a video touting hydroxychloroquine as a COVID-19 cure, after it was shared by Trump and his allies
- A Breitbart video containing dangerous coronavirus misinformation went viral on Facebook before it was removed.
Sundar Pichai will tell lawmakers that Google operates in a “highly competitive” market and that its free products benefit the “average American”
- Ahead of a Wednesday House Judiciary hearing, Alphabet CEO Sundar Pichai released opening remarks that show …
TikTok's new CEO Kevin Mayer says it'll release code driving its content moderation algorithms, accuses Facebook of maligning attacks “disguised as patriotism”
In his first public statement as CEO of TikTok, f ormer Disney exec Kevin Mayer says the company will be releasing …
Mark Zuckerberg's prepared opening statement for the House hearing: “more to do” on fighting disinformation and “companies aren't bad just because they are big”
Betsy Woodruff Swan / Politico :
Big Tech's antitrust hearing is largely theater, producing soundbites with little bearing on rule-changing and law-making, but it's still a valuable spectacle
The heads of Apple, Facebook, Google, and Amazon are going to get grilled. But that won't lead — directly — to regulation.
Sources: Google and Samsung are in talks about giving Google products more prominence on Samsung phones, including more control over search
- Google Assistant, Play app store may gain more prominent roles — Samsung seeks other revenue sources as handset demand drops
AMC and Universal agree to shorten the theatrical window for films to 17 days, or 3 weekends, before Universal can release them onto premium on-demand platforms
Films only have to be in theaters for three weekends now before going to digital platforms — AMC Theaters and Universal …
Spotify reports Q2 revenue of €1.89B, up 13% YoY, with MAUs up 29% YoY to 299M, premium users up 27% to 138M, and ad-supported MAUs up 31% to 170M
In addition, ad revenue fell 21% — which Spotify blamed on the coronavirus pandemic — but the drop wasn't quite as bad as forecast.
US Treasury Secretary Steve Mnuchin says TikTok is being reviewed by CFIUS, which will make a recommendation to Trump
WASHINGTON (Reuters) - U.S. Treasury Secretary Steve Mnuchin said on Wednesday that TikTok was under a national security review and that his agency would make a recommendation …
Ahead of the antitrust hearing, a confidential GOP memo suggests lawmakers should focus on alleged “political bias in Big Tech”, not competition issues
Bloomberg : Tweets: @alibreland , @caseynewton , @jessekblum , @bgov , and @ericnewcomer Tweets: Ali Breland / @alibreland : wow, they're doing the same thing that they do literally every hearing abo...
Turkey passes law extending sweeping powers over social media platforms, ordering those with 1M+ DAU to open offices in the country and store user data locally
The legislation extends control over social media platforms like Facebook, Twitter and YouTube.
Twitter temporarily locks Donald Trump Jr's account for posting a “misleading and potentially harmful” video about COVID-19 that argued against wearing masks
Andrew Griffin / The Independent : Tweets: @twittercomms and @kaitlancollins Tweets: @twittercomms : This account has not been permanently suspended. Per the screenshot, the Tweet requires deletion b...
Sources: some US investors in ByteDance, seeking to take over TikTok, are valuing the social media app at ~$50B, 50x its projected ~$1B revenue in 2020
NEW YORK/HONG KONG (Reuters) - Some investors of TikTok's parent company ByteDance seeking to take over the popular social media app …
Federal judge in NY ruled that the state must promptly begin paying Uber and Lyft drivers unemployment benefits, after “an avoidable and inexcusable delay”
A federal judge's decision in New York is a key victory in efforts to secure the protections extended to other workers.
Shopify reports Q2 revenue of $714.3M, up 97% YoY, with net income of $36M compared with net loss of $28.7M in Q2 2019
Shopify's second quarter results highlight how the company is critical to SMBs going digital. — Shopify's second quarter results benefited from a surge in small businesses …
Wearable devices with sensors that continuously gather your temperature, heart rate, and blood oxygen may become personal warning systems for COVID-19
Wearable devices with sensors that continuously gather your temperature, heart rate and blood oxygen could become personal warning systems for the coronavirus Tweets: @jennhobby , @joannastern , and @...
Tempo, which sells a $2,000 AI-powered home weight training system, raises $60M Series B led by Norwest Venture Partners and General Catalyst
Home fitness startup Tempo today closed a $60 million round to ramp up manufacturing of its $1,995 AI-powered gym system.
After seeking to dismiss charges against two ex-Twitter employees and a Saudi national, DOJ files a superseding indictment with seven charges, up from two
The charges have expanded from two to seven. — Fresh off dismissing spying charges against two former Twitter employees …
TransferWise announces a new $319M secondary share sale round led by Lone Pine Capital and D1 Capital Partners at a $5B valuation
and Draper Esprit cashed in big Scoop : TransferWise Valuation Jumps To $5bn In $319m Secondary Share Sale Decrypt : Challenger bank TransferWise hits $5 billion valuation after $319 million round Ben...
Former moderators at Pinterest say they had inadequate resources and minimal mental health support as they fought to keep child abuse imagery off the platform
Moderators reported seeing child pornography content ‘every couple hours’ — a good day, Blake's job as a Pinterest moderator … Tweets: @ozm and @meganmorrone . Thanks: @mvzelenks Tweets: OneZero / @...
AMD reports Q2 revenue of $1.93B, up 26% YoY, Computing and Graphics segment revenue of $1.37B, up 45% YoY
Larry Dignan / ZDNet :
US prosecutors are seeking 27 months in prison for ex-Uber executive Anthony Levandowski, who pleaded guilty in March to taking sensitive documents from Google
(Reuters) - U.S. prosecutors are seeking 27 months of imprisonment for the former head of Uber's self-driving technology unit …
International money transfer service Remitly raises $85M led by PayU at a $1.5B valuation
Sophia Kunthara / Crunchbase News :
In a reversal, CES says its event planned for January 2021 will be going all-digital, using a virtual meeting format for vendors, attendees, and the press
Dean Takahashi / VentureBeat :
Health insurance company Humana partners with doctor-on-demand service Heal and invests $100M
Riley de León / CNBC :
Revel suspends its electric moped service in NYC after two people were killed in recent weeks; at least one was not wearing a helmet during the crash
Andrew J. Hawkins / The Verge :
At least three streamers banned or suspended from Twitch and Facebook following accusations of sexual harassment have moved to YouTube
Olga Kharif / Bloomberg : Tweets: @lucas_shaw Tweets: Lucas Shaw / @lucas_shaw : Live streamers accused of sexual harassment have been banned by Twitch and Facebook. But they've found a home on a sma...
Israeli cloud data protection startup Ermetic raises $17.25M Series A led by Accel, three months after emerging from stealth with $10M
Annie Musgrove / Tech.eu :
Q&A with the new CEO of NYT Meredith Levien on establishing the paper as a world-class digital product and technology company
and a tech company https://www.niemanlab.org/... by @kdoctor via @NiemanLab Jay Rosen / @jayrosen_nyu : “Reader revenue now accounts for six of every 10 dollars of the [New York] Times' revenue. That ...
Toppr, an e-learning service in India covering 17 subjects and preparing students for five dozen competitive exams, raises $46M led by Foundation Holdings
Manish Singh / TechCrunch :
In July, a H-1B software engineers' median salary at Google, Microsoft, and Apple was at least $142K, a substantial increase from at least $120K in October 2019
Nick Kolakowski / Dice Insights :
Microsoft launches a new Family Safety app for iOS and Android that lets users manage screen time and app usage
Tom Warren / The Verge :
Profile of Imint, a Swedish company that makes deep learning software for phone manufacturers like Huawei, Vivo, and Oppo to stabilize videos in real time
Rita Liao / TechCrunch : Tweets: @ritacyliao Tweets: Rita Liao / @ritacyliao : The deep learning company that helps Huawei, Vivo, Oppo & Xiaomi stabilize and sharpen videos is a tiny 40-people team b...
In a white paper about its plans for AI, WeChat-owner Tencent lists the societal benefits of deepfake technology and urges regulators to be lenient
Karen Hao / MIT Technology Review :
RangeForce raises $16M Series A led by Energy Impact Partners to help businesses train their cybersecurity teams
Mike Wheatley / SiliconANGLE :
Supply chain sales and invoicing startup Conexiom raises $40M in strategic growth financing from Iconiq Capital
Isabelle Kirkwood / BetaKit :
Shopify's new AI commerce stack
Their VP of Product digs into just-launched products to help entrepreneurs and developers build with the latest AI and tech.
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Protecting your Cloud Applications Data
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