We’re going to shine the spotlight on the rollercoaster day for Big Tech, from US President Trump to Facebook. TechVisibility team highlights some of the top-tech journalism that we’ve been reading from across the web, as well as key quotes, news and features for this week. Here are eight tech news you need to know today, Friday.
Eight things happening this week in the tech industry
1. US President Donald Trump
President Trump issued two executive orders (EOs) for Chinese-owned apps. The EOs prevents US companies from doing business with ByteDance parent company TikTok and WeChat messaging app. The orders, set to come into effect in 45 days, claim that TikTok “continues to threaten the national security, foreign policy, and economy of the United States.”
2. Facebook • TikTok
Mark Zuckerberg expressed his concern to his Facebook employees over the possible ban on TikTok. “It’s a very terrible long-term precedent, and whatever the solution is, it needs to be done with absolute caution and seriousness,” Zuckerberg allegedly said.
3. Facebook • Zukerberg’s Net Worth
For the first time ever, Zuckerberg’s net worth ballooned past $100 billion. According to Bloomberg, Zuckerberg, Amazon CEO Jeff Bezos, and Microsoft co-founder Bill Gates are now the world’s only three people worth more than $100 billion.
4. COVID-19 Tracing App
The first app that uses US-based COVID-19 contact tracing app from Apple and Google is about to launch. Apple and Google released the touch tracing software in May. It had seen gradual growth after its release. However, the companies now say 20 states have expressed interest.
Twitter adds labels to the accounts of government officials and state-affiliated media. The labels may affect the Twitter accounts of US officials, including State Secretary Mike Pompeo. However, the new feature won’t affect the personal accounts of heads of state, such as President Donald Trump ‘s account.
TikTok is setting up a new data center in Ireland, worth $500 million. The data center will open by early 2022. It will hold user data from European TikTok users.
Google has deleted 2,500 YouTube accounts of China links to combat misinformation on the website as the 2020 election approaches. The news of the withdrawal comes as relations between China and the US become more strained.
The tech giant is also quietly destroying the Pixel 4 smartphone. Pixel 4 was released by Google released Pixel 4 less than a year ago. Google will sell two more smartphones: the Pixel 4a 5G and Pixel 5 in the fall.
According to an internal paper that has been leaked, Google’s first foldable Pixel phone is allegedly arriving late next year. Codenamed “passport” is the foldable unit.
8. Starling Bank
UK fintech firm Starling Bank has tripled its consumer deposits in 9 months. It claims that given the COVID-19 pandemic, it expects to break even by 2021. Starling, who shunned VC funding famously after it was founded in 2014, increased customer deposits from £1.01 billion ($1.33 billion) in November 2019 to over £3 billion ($3.9 billionn) July.