Tech News

Alleged press render of completely redesigned Nest thermostat leaks, the first redesign since it launched in 2011 (Andrew Liptak/The Verge)

Techmeme -

Andrew Liptak / The Verge:
Alleged press render of completely redesigned Nest thermostat leaks, the first redesign since it launched in 2011  —  The company has been rumored to be working on a cheaper version  —  The Nest Learning Thermostat is now in its third generation, and aside from software updates …

The Daily Stormer is back online with free support from BitMitigate, whose founder says he believes in free speech, and wants to promote his company (Ken Schwencke/ProPublica)

Techmeme -

Ken Schwencke / ProPublica:
The Daily Stormer is back online with free support from BitMitigate, whose founder says he believes in free speech, and wants to promote his company  —  The neo-Nazi site The Daily Stormer was back online Friday with help from a small company whose founder said he wanted to defend free speech …

In interview, Netflix's Chief Content Officer Ted Sarandos says the streaming service will spend $7B on original content in 2018 (Ramin Setoodeh/Variety)

Techmeme -

Ramin Setoodeh / Variety:
In interview, Netflix's Chief Content Officer Ted Sarandos says the streaming service will spend $7B on original content in 2018  —  For a soft-spoken man, Ted Sarandos makes a lot of thunderous news.  Just consider the headlines he's generated over the last week alone with a succession of game-changing deals.

Former GE CEO Jeff Immelt close to becoming Uber’s CEO

TechCrunch -

 The long and dramatic process for naming a new Uber CEO may be coming closer to an end. First reported by Kara Swisher, our sources are also telling us that former General Electric CEO Jeff Immelt is still being seriously considered and the board vote is expected to happen soon. The talks were first reported several weeks ago. Co-founder and CEO Travis Kalanick was asked to resign in June… Read More

Bill Gates' stake in Microsoft dipped to around 1.3% after $4.6B stock gift to Bill & Melinda Gates Foundation in June, his largest stock donation since 2000 (Tom Metcalf/Bloomberg)

Techmeme -

Tom Metcalf / Bloomberg:
Bill Gates' stake in Microsoft dipped to around 1.3% after $4.6B stock gift to Bill & Melinda Gates Foundation in June, his largest stock donation since 2000  —  World's richest person reduces Microsoft stake to 1.3 percent  —  Value of his charitable donations surpasses $50 billion

Leaked image suggests a new Nest thermostat is on the way

TechCrunch -

 Alphabet-owned Nest has taken some pretty safe choices in the IoT space, building products that rely on a their Internet connectedness to function. Their most recognizable product, the Nest Learning Thermostat hasn’t gotten a cosmetic upgrade since it was released nearly six years ago, though it has received some hardware tweaks to make setup and connection more simple. A leaked image… Read More

Sources: former General Electric chairman Jeff Immelt is now favored by a majority of Uber's board to become CEO; a vote is likely in the next two weeks (Kara Swisher/Recode)

Techmeme -

Kara Swisher / Recode:
Sources: former General Electric chairman Jeff Immelt is now favored by a majority of Uber's board to become CEO; a vote is likely in the next two weeks  —  Sources said a board vote is expected within two weeks.  —  Former General Electric chairman Jeff Immelt has become the frontrunner candidate …

US court of appeals rules online ToS are binding irrespective of whether users read them, no matter how long or hard to read companies like Uber make them (Greg Bensinger/Wall Street Journal)

Techmeme -

Greg Bensinger / Wall Street Journal:
US court of appeals rules online ToS are binding irrespective of whether users read them, no matter how long or hard to read companies like Uber make them  —  Federal court finds online agreements are binding, regardless of whether customers read or understand them

Tencent reports $15.7B Q2 revenues and a record quarterly profit of $2.7B, up 70% YoY, as company's mobile game revenue tops PC, propelled by Honour of Kings (Jon Russell/TechCrunch)

Techmeme -

Jon Russell / TechCrunch:
Tencent reports $15.7B Q2 revenues and a record quarterly profit of $2.7B, up 70% YoY, as company's mobile game revenue tops PC, propelled by Honour of Kings  —  Tencent, Asia's highest valued technology company, posted a record quarterly profit of $2.7 billion (18.2 billion RMB) thanks to explosive growth from mobile games.

Sources: government review of AT&T's $85B takeover of Time Warner has reached an advanced stage, as AT&T lawyers discuss merger conditions with the DoJ (Wall Street Journal)

Techmeme -

Wall Street Journal:
Sources: government review of AT&T's $85B takeover of Time Warner has reached an advanced stage, as AT&T lawyers discuss merger conditions with the DoJ  —  Markets are also growing more optimistic about the $85 billion takeover deal's chances  —  The government review …

Following President Trump's Monday order, the United States Trade Representative formally launches probe into China's alleged theft of US intellectual property (Reuters)

Techmeme -

Reuters:
Following President Trump's Monday order, the United States Trade Representative formally launches probe into China's alleged theft of US intellectual property  —  WASHINGTON (Reuters) - The United States on Friday formally launched an investigation into China's alleged theft of U.S. intellectual property …

Google is testing new tools with NYT and FT to boost subscriptions for publishers; tools may include changes to "first click free", payment, targeting options (Mark Bergen/Bloomberg)

Techmeme -

Mark Bergen / Bloomberg:
Google is testing new tools with NYT and FT to boost subscriptions for publishers; tools may include changes to “first click free”, payment, targeting options  —  Changes coming around search results and potentially payments  —  New York Times and Financial Times are first early testers

New malware masquerades as a ride-sharing app

TechCrunch -

 An update to the venerable Faketoken.q Android malware has made it easier for the program to steal your credit card information from ride-sharing apps. Faketoken attacks Russian ride-sharing apps by overlaying text boxes on the credit card information pages that can capture your credit number and other important information. Kaspersky writes: After getting onto a smartphone (judging by the… Read More

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