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"While we are cautiously optimistic that these trends could sustain over time, we are also conscious that operating conditions may remain volatile, and that economic conditions could further deteriorate," Snap Chief Financial Officer Derek Andersen said in his prepared remarks. "For example, advertising demand in Q3 has historically been bolstered by factors that appear unlikely to materialize in the same way they have in prior years, including the back to school season, film release schedules, and the operations of various sports leagues."
-- Max A. Cherney, Barron's

It's been my contention all along that the "boycott Facebook" trend was more about reducing costs ahead of plummeting sales, than the altruistic reasons being fed to investors -- Scrib

Facebook, Google, and others will now have to operate within rules set by the Communist Party of China if they want to stay in Hong Kong. If they do that, they will likely face a backlash back at home among their employees and US lawmakers. If they don’t, they lose out on getting any foothold at all within the biggest online market in the world.
-- Charlotte Jee, MIT Technology Review

Today, we are announcing a licensing program to pay publishers for high-quality content for a new news experience launching later this year. This program will help participating publishers monetize their content through an enhanced storytelling experience that lets people go deeper into more complex stories, stay informed and be exposed to a world of different issues and interests. We will start with publishers in a number of countries around the globe, with more to come soon.
-- Brad Bender, VP Product Management, News

Unlike the Apple News $9.99 monthly subscription, it looks like the new Google service will be free to the public, being paid for via inline advertising.

-- Scrib

The letter, with the headline "No Police Contracts," began circulating last week and has been signed by more than 1,100 employees, who identify themselves as part of "Googlers Against Racism."
-- Jennifer Elias, CNBC

According to Alphabet's Google Diversity Report 2.4% of their workforce is "Black+" in 2020 vs. the U.S. population that was 13.4% "Black or African American" in 2019. Just the facts.
-- Scrib

California caught the world by surprise last year when it passed the nation’s strongest data privacy law, instantly making Sacramento one of the most important regulators of global tech. As members of the California legislature forged the deal on a defining challenge of the digital age, the internet companies were slow to awaken to the threat, and brought few of their considerable resources to bear.
-- Katy Murphy, Politico