#SocialStocks: European Commission delves into Kustomer acquisition proposal » 15:4908/0408/04/21
FB, ZM, TWTR, GOOG, GOOGL, MSFT, ZIP
Google terminated dozens of workers for data misuse, Vice reports » 11:2608/0408/04/21
Google terminated dozens…
Google terminated dozens of workers for abusing access to the company's tools and data between 2018 and 2020, with some staff facing possible allegations of accessing user or employee data, Vice Motherboard's Joseph Cox reports, citing an internal Google document. The tech giant fired 36 workers in 2020 for security related issues with 86% of all security-related allegations against staff including mishandling of confidential data and 10% of all allegations concerning misuse of systems. The company also fired 26 people in 2019 and 18 in 2018 over security incidents. Reference Link
Google using own chips 'financial immaterial' for Qualcomm, says Bernstein » 07:1408/0308/03/21
QCOM, GOOG, GOOGL
Bernstein analyst Stacy…
Bernstein analyst Stacy Rasgon notes that Google (GOOGL) announced an in-house SoC set to power the company's upcoming Pixel smartphones, debuting in the Pixel 6 and 6 Pro in the fall. The news sent Qualcomm's (QCOM) stock down a bit, the analyst points out. However, Rasgon argues that Google is a very small player in the smartphone market, shipping in the ballpark of about 5M units annually and holding well under half a point of market share. Hence, Rasgon would see this news more as a sentiment headwind versus anything financially material.
Okta names Sagnik Nandy as president of Technology and CTO » 14:0708/0208/02/21
Okta (OKTA) said it is…
Okta (OKTA) said it is welcoming Sagnik Nandy as President of Technology and CTO. Nandy will join Okta's executive management team and report directly to Todd McKinnon, CEO and co-founder. As President and CTO, Nandy will lead Okta's engineering and business technology functions and be responsible for the strategic planning of product development activities. He joins Okta after more than 15 successful years at Google (GOOGL), most recently as Vice President of Engineering overseeing several components of Google's core advertising business.
Qualcomm to continue to work closely with Google, CNBC reports » 13:0508/0208/02/21
GOOGL, GOOG, QCOM, AAPL, INTC
Google (GOOGL) announced…
Google (GOOGL) announced Monday it will build its own smartphone processor, called Google Tensor, that will power its new Pixel 6 and Pixel 6 Pro phones this fall, therefore ditching Qualcomm (QCOM), CNBC's Todd Haselton reports. The move to build its own chips follows Apple (AAPL), which is using its own processors in its new computers instead of Intel (INTC) chips, the author notes. Nonetheless, Qualcomm said it will continue to work closely with Google on current and future products based on its Snapdragon platform, the publication adds. Reference Link
Google unveils Tensor, a custom-built System on a Chip for Pixel 6, Pixel 6 Pro » 12:2808/0208/02/21
GOOG, GOOGL, QCOM
Alphabet's (GOOGL) Google announced Tensor, the company's first custom-built System on a Chip specifically for Pixel phones, and it will power the Pixel 6 and Pixel 6 Pro later this fall. "Tensor was built for how people use their phones today and how people will use them in the future," the company said in a blog post. "As more and more features are powered by AI and ML it's not simply about adding more computing resources, it's about using that ML to unlock specific experiences for our Pixel users. The team that designed our silicon wanted to make Pixel even more capable. For example, with Tensor we thought about every piece of the chip and customized it to run Google's computational photography models. For users, this means entirely new features, plus improvements to existing ones. Tensor enables us to make the Google phones we've always envisioned - phones that keep getting better, while tapping the most powerful parts of Google, all in a highly personalized experience. And with Tensor's new security core and Titan M2, Pixel 6 will have the most layers of hardware security in any phone." CNBC's Todd Haselton noted that Google will be moving on from Qualcomm's (QCOM) chips with the Tensor announcement. Reference Link
ContextLogic appoints Tarun Jain formerly of Google to Chief Product Officer » 09:1008/0208/02/21
ContextLogic (WISH) announced the appointment of Tarun Jain, former product leader from Google, to the newly created position of Chief Product Officer. Mr. Jain will report directly to Wish Founder and CEO, Piotr Szulczewski, effective immediately. Most recently, Mr. Jain was Director of Product Management at Google (GOOG) since 2017 where he incubated and led the development of Discovery Ads, bringing inspirational and engaging commercial ad experiences to YouTube, Gmail and Discover.
Pulmonx appoints Alissa Hsu Lynch, Tiffany Sullivan to board of directors » 08:4608/0208/02/21
LUNG, GOOG, GOOGL
Pulmonx Corporation (LUNG) welcomes Alissa Hsu Lynch and Tiffany Sullivan to its Board of Directors. Ms. Lynch will serve as a member of the Audit Committee and Ms. Sullivan will serve as a member of the Nominating and Corporate Governance Committee. Their appointments to the Board were effective as of July 29th. Alissa Hsu Lynch is the Global Lead of MedTech Strategy and Solutions for Google Cloud (GOOG, GOOGL) where she works with Fortune 500 customers to transform healthcare through technology. Tiffany Sullivan is the Senior Vice President and Chief Operating Officer, Physician Services at New York-Presbyterian Hospital, one of the most comprehensive, integrated academic healthcare delivery systems in the U.S.
Study: Facebook, Twitter failed to act on anti-Semetic posts, Guardian reports » 06:0608/0208/02/21
FB, TWTR, GOOGL
Facebook (FB), Twitter…
Facebook (FB), Twitter (TWTR), Instagram, YouTube (GOOGL), and TikTok failed to act on 84% of posts spreading anti-Semitism reported via their own complaint systems, The Guardian's Maya Wolfe-Robinson reports, citing a study from the Center for Countering Digital Hate, a non-profit organization. Facebook was the worst offender, acting on just 10.9% of posts, despite introducing tougher guidelines on content last year, according to the study. Reference Link
Zoom reaches $85M settlement over user privacy, Reuters reports » 20:3408/0108/01/21
ZM, FB, GOOG, GOOGL, MSFT
Zoom Video (ZM) agreed to…
Zoom Video (ZM) agreed to pay $85 million and bolster its security practices to settle a lawsuit claiming it violated users' privacy rights by sharing personal data with Facebook (FB), Google (GOOGL) and LinkedIn (MSFT), and letting hackers disrupt Zoom meetings in a practice called Zoombombing, Reuters' Jonathan Stempel reports. A preliminary settlement filed on Saturday afternoon requires approval by U.S. District Judge Lucy Koh in San Jose, California, the report adds. Reference Link