Consumer Tech: Latest News and Analysis

Inc
Biden Urged to Grant ByteDance 90-Day Wait on Law Requiring TikTok Sale
Two Senators, a Republican and a Democrat, would like the president to push the deadline back, citing free speech concerns.
Bloomberg
Uber Investors Are Calling for More Transparency Into Driver Pay
A group of investors in Uber Technologies Inc. is calling on the ride-hailing service to disclose more information on how it pays drivers, saying a clearer breakdown is critical to assessing the ...
CNBC
Stocks on the Move: Uber, Carmax, Novo Nordisk, Eli Lilly, Merck, Crown Castle and Accenture
Stocks on the Move: Uber, Carmax, Novo Nordisk, Eli Lilly, Merck, Crown Castle and Accenture Justice Kyra Harris Bolden already was the first Black woman to serve on the Michigan Supreme Court. Now, ...
ARPU
Tesla Explores Austin for Driverless Fleet Launch, as Early as Next Year

Tesla is in preliminary discussions with the city of Austin regarding the deployment of its autonomous vehicle technology, potentially bringing driverless fleets to Texas roads as early as 2024, reports Bloomberg.

Emails obtained by Bloomberg through public records requests reveal that a Tesla employee has been communicating with Austin'

ARPU
Putin Blames YouTube for Slowdowns in Russia

Russian President Vladimir Putin has accused Alphabet's YouTube of deliberately slowing down its video hosting service in Russia, reports Reuters. Putin, speaking on Thursday, claimed that Google, YouTube's parent company, must comply with Russian law to continue operating within the country.

Critics in Russia allege that

Reuters
Senators urge Biden to grant ByteDance 90-day reprieve from law requiring sale
Democratic Senator Ed Markey and Republican Senator Rand Paul on Thursday urged President Joe Biden to extend by 90 days a Jan. 19 deadline for China-based ByteDance to sell the U.S. assets of its ...
Wall Street Journal
FDA Revises ‘Healthy’ Claim Guidelines for Food Packaging
Federal regulators issued a final rule updating the definition of the claim “healthy” on food packaging, part of a revamp of outdated guidelines amid stubbornly high incidences of diet-related chronic ...
TechCrunch
In just 4 months AI coding assistant Cursor raised another $100M at a $2.5B valuation led by Thrive, sources say
Anysphere, the developer of AI-powered coding assistant Cursor, raised $100 million Series B at a post-money valuation of $2.6 billion, according to sources with knowledge of the deal. The round is ...
SCMP
TikTok parent ByteDance intensifies China AI rivalry with 85% price cut for visual model
ByteDance’s ultra-low pricing underscores growing rivalry in the Chinese market, where Big Tech firms and start-ups have locked horns in a brutal price war.
ARPU
Trump Meets with TikTok CEO Amidst Impending US Ban

President-elect Donald Trump met with TikTok CEO Shou Chew at Mar-a-Lago on Monday, just weeks before the popular video app is set to be banned in the US over national security concerns, reports Bloomberg. The meeting comes just hours after Trump suggested he would try to reverse the ban, highlighting

ARPU
Senators Urge Biden to Grant TikTok 90-Day Reprieve Amidst Looming Ban

Democratic Senator Ed Markey and Republican Senator Rand Paul have urged President Joe Biden to extend the January 19 deadline for ByteDance to sell TikTok's US assets, reports Reuters. The senators' request comes as the Supreme Court prepares to hear TikTok's legal challenge to the

CNBC
Reddit co-founder Alexis Ohanian: I regret not developing this soft skill in my 20s—'I would have been 10 times more productive'
Reddit co-founder and successful entrepreneur Alexis Ohanian reflects on "the one thing" he'd go back and say to his 20-year-old self if he could.
Reuters
Netflix inks broadcast deal with FIFA for 2027 and 2031 women's World Cups
Dec 20 (Reuters) - FIFA and Netflix (NFLX.O), opens new tab have signed a deal to broadcast the 2027 and 2031 editions of the women's World Cup in the United States, world soccer's governing body said on Friday. "As a marquee brand and FIFA's new long-term ...
Reuters
Soccer-Netflix inks US broadcast deal with FIFA for 2027 and 2031 women's World Cups
FIFA and Netflix have signed a deal to broadcast the 2027 and 2031 editions of the Women's World Cup in the United States, world soccer's governing body said on Friday. FIFA said the Women's World Cup ...
The Verge
Netflix will stream the Women’s World Cup in 2027 and 2031
Today the streamer announced that it has acquired US streaming rights for the FIFA Women’s World Cup in both 2027 and 2031. FIFA is calling the deal “a landmark announcement for women’s football.” The ...
Reuters
Netflix inks U.S. broadcast deal with FIFA for 2027 and 2031 women's World Cups
FIFA and Netflix have signed a deal to broadcast the 2027 and 2031 editions of the women's World Cup in the United States, world soccer's governing body said on Friday.
ARPU
Meta Settles Australian Cambridge Analytica Lawsuit for Record $31.85 Million

Meta Platforms, the parent company of Facebook, has agreed to pay a record A$50 million ($31.85 million) settlement to Australia's privacy watchdog, bringing to a close lengthy and costly legal proceedings related to the Cambridge Analytica scandal, reports Reuters.

The Office of the Australian Information Commissioner

Reuters
U.S. Supreme Court to hear bid by TikTok, ByteDance to block potential ban
The U.S. law intends to force a sale of the short-video app by Jan. 19 or face a ban on national security grounds ...
ARPU
Supreme Court to Hear TikTok Ban Challenge on Expedited Basis

The US Supreme Court has agreed to hear TikTok's challenge to a law that would ban the social media app if it isn't sold by its Chinese parent company, scheduling arguments for January 10, reports Bloomberg. This expedited hearing comes after a federal appeals court upheld

TechCrunch
Wing and DoorDash launch drone deliveries in Dallas-Fort Worth
Wing is expanding its partnership with DoorDash to bring drone delivery to customers in the the Dallas-Fort Worth Metroplex.
The Verge
The Nintendo Switch 2 and its dock, as described by the mystery Reddit leaker
The original Nintendo Switch had a tiny, easy-to-topple gumstick of a kickstand, and the Switch OLED had a wide, flat plate. But the Nintendo Switch 2 will feature a U-shaped rail of a kickstand, ...
ARPU
Apple and Meta Clash Over Interoperability Under EU's Digital Markets Act

Apple has criticized Meta Platforms for making numerous requests under the European Union's Digital Markets Act (DMA) to access iPhone software tools, arguing that these requests could compromise user privacy and security, reports Reuters. The tech giants' public dispute highlights the intensifying rivalry between the two companies

Reuters
Apple in talks with Tencent, ByteDance to roll out AI features in China, sources say
Apple talks with Tencent, ByteDance are at a very early stage-sources Tech firms and startups have launched dozens of AI models in China Apple needs local partner as ChatGPT not available in China The ...
SCMP
How Gen Z, Tinder and Spotify are disrupting clubbing capital Berlin’s rhythm
Berlin’s nightlife scene is under threat, with the number of clubs dropping by almost half in 10 years and many more considering closing.
Morningstar
Apple in Talks With Tencent, ByteDance for AI Features in China, Reuters Says, Citing Sources
Apple is in discussions with Tencent and ByteDance to integrate their artificial intelligence models into iPhones in China, Reuters reported, citing unnamed sources. -- The discussions with Tencent ...
Nikkei Asia
Apple said to be in talks with Tencent, ByteDance to roll out AI features in China
BEIJING (Reuters) - Apple is in talks with Tencent and TikTok owner ByteDance about integrating their artificial intelligence models into iPhones sold in China, according to three sources familiar ...
CNBC
Rep. Krishnamoorthi: Trump can engineer 'deal of the year' by encouraging ByteDance to sell TikTok
House Select Committee on China Ranking Member Rep. Raja Krishnamoorthi (D-Ill.) joins 'Squawk Box' to discuss the fate of House Speaker Johnson's stopgap spending bill following opposition from ...
SCMP
Apple in talks with Tencent, ByteDance to bring AI to iPhones in China, report says
The iPhone maker is reportedly in early talks with the tech giants to launch Apple Intelligence on the mainland after talks stalled with Baidu.
Reuters
Uber and its CEO donate $1 million each to Trump's inaugural fund
Uber Technologies and its CEO Dara Khosrowshahi each donated $1 million to U.S. President-elect Donald Trump's inaugural fund, a company spokesperson told Reuters on Tuesday.
ARPU
Meta Fined €251 Million by Ireland Over 2018 Cyberattack

Meta Platforms Inc. has been fined €251 million ($263 million) by Ireland's Data Protection Commission (DPC) for a 2018 data breach that compromised the data of millions of users, as reported by SiliconANGLE.

The DPC, responsible for overseeing Meta's privacy practices in the European Union,

ARPU
EU Opens TikTok Probe Over Romanian Election Interference Fears

The European Commission has launched a formal investigation into TikTok, alleging that the video-sharing platform may have facilitated foreign interference in Romania's recent presidential elections, reports the Wall Street Journal. The probe, announced Tuesday, focuses on TikTok's recommender systems and its handling of political advertisements, as

Wall Street Journal
Exclusive: Uber and Its CEO Khosrowshahi Each Give $1 Million to Trump Inauguration
Add Uber Technologies and its CEO, Dara Khosrowshahi, to the list of tech companies pouring money into President-elect Donald Trump's inauguration fund. Uber and Khosrowshahi don't ...
Reuters
Dutch watchdog fines Netflix for not properly informing customers about data use
The Dutch Data Protection Authority (DPA) said on Wednesday it fined Netflix 4.75 million euros ($4.98 million) for not properly informing customers about its use of their personal data between 2018 ...
Bloomberg
Netflix Fined by Dutch Watchdog Over Personal Data Violations
Netflix Inc. was fined €4.75 million ($5 million) by the Dutch privacy watchdog over customer data violations. The investigation “shows that Netflix did not inform customers clearly enough in its ...
Fortune
Netflix capitalizes on anxiety-driven millennial nostalgia with Christmas movie formula that’s reviving the careers of former teen stars
Netflix holiday movies often follow a well-trodden path, laid in place decades before streaming even existed. It typically involves a small town, a city-dwelling fish-out-of-water lead, a love interest that knows Santa,
SCMP
Fund of ByteDance founder Zhang Yiming gets Hong Kong asset management licence
The investment fund started by the founder of the Chinese owner of TikTok now has regulatory approval to provide services to professional investors.
The Verge
Alphabet’s Wing will deliver DoorDash by drone in Dallas-Fort Worth
Wing says the company has now completed more than 400,000 commercial deliveries worldwide following its first US pilot in 2019. The Alphabet drone service trialed similar DoorDash partnerships in ...
ARPU
Tesla Faces $100 Billion Tax Bill in Musk Pay Package Battle

Tesla is facing a potential tax and accounting nightmare in its ongoing legal battle to reinstate Elon Musk's massive compensation package, reports the Financial Times. The company and its CEO could face over $100 billion in tax and accounting charges if the electric vehicle maker fails to successfully

ARPU
TikTok Seeks Supreme Court Intervention to Avert US Ban

TikTok is making a last-ditch effort to prevent a US ban, asking the Supreme Court to temporarily block a law that could force its Chinese parent company, ByteDance, to divest the short-video app by January 19, reports Reuters.

The Department of Justice, which has deemed TikTok a national security threat

Reuters
Trump to meet Netflix co-CEO Ted Sarandos, source says
U.S. President-elect Donald Trump is scheduled to meet with Netflix co-CEO Ted Sarandos on Tuesday at Trump's Mar-a-Lago resort, a source familiar with the matter told Reuters on Monday.
Fortune
Uber’s stock has had a volatile 2024 but it could go gangbusters next year, analysts say
The ride-hailing and delivery app company was recently showcased as a top pick in the large-cap category in two notes looking ahead to 2025, one from Evercore ISI and one from Goldman Sachs, both of ...
ARPU
Toyota Races to Catch Up in "Smartphone on Wheels" Revolution

Toyota and other Japanese automakers are scrambling to partner with telecom giants and tech companies to develop the next generation of software-heavy vehicles, aiming to close the gap with Chinese and US competitors in the burgeoning "smartphone on wheels" market, reports Nikkei Asia.

Toyota President Koji Sato, at

Fortune
Uber, Lyft, and new ride-sharing apps are replacing the iconic yellow school bus as no one wants the job anymore
Reliance on school buses has been waning for years as districts struggle to find drivers and more students attend schools far outside their neighborhoods. © 2024 ...
SCMP
ByteDance to expand popular chatbot but sees AI video as more important market
ByteDance sees AI chatbots as a slower growth opportunity and instead has prioritised AI video generators, according to local media.
Financial Times
TikTok loses bid for emergency halt to looming US ‘divest or ban’ law
TikTok has lost an emergency bid to temporarily halt a fast-approaching deadline under a US “divest or ban” law, leaving the fate of the popular video app owned by China’s ByteDance in the country ...
Wired
Former ByteDance Intern Accused of Sabotage Among Winners of Prestigious AI Award
Keyu Tian and his coauthors won the Best Paper Award at the annual NeurIPS machine-learning conference for their work on a new technique for generating images. Some have objected to the decision.
Reuters
TikTok's parent ByteDance seeks Supreme Court intervention to avoid January divestment deadline
TikTok and ByteDance on Monday had filed the emergency motion with the U.S. Court of Appeals for the District of Columbia, asking for more time to make their case to the U.S. Supreme Court ...
The Verge
Airbnb’s anti-party tech is cracking down on ‘unauthorized’ get togethers
Airbnb describes its anti-party technology as machine learning tools to identify and block risky bookings. The tech will be rolled out globally, but Airbnb specifically called out ...
CNBC
Final Trades: Cisco, KKR & Co, Dominion Energy and Uber
The Investment Committee give you their top stocks to watch for the second half. Biden commutes 1,500 sentences and issues 39 pardons in biggest single-day act of clemency in history ...