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Tech Brew Ride Home

Thu. 06/25 – Amazon Has A Counterfeit Crimes Unit (Sounds Like An NBC TV Show)

Tech Brew Ride Home

Amalgamated Internets, LLC

Technology, News, Tech News

4.71K Ratings

🗓️ 25 June 2020

⏱️ 19 minutes

🧾️ Download transcript

Summary

Wirecard is wiped out. Amazon has its own Counterfeit Crimes Unit. Apple quietly made a change that will make things pretty tough on advertisers. Google won’t keep your data forever anymore and Hey basically wins. Sponsors: Tovala.com/ride TinyCapital.com Links: 'The money's gone': Wirecard collapses owing $4 billion (Reuters) Google will start paying publishers to license content (Axios) Google will now auto-delete location and search history by default for new users (The Verge) Amazon forms ‘Counterfeit Crimes Unit,’ under pressure to escalate fight against fake products (GeekWire) Apple Just Crippled IDFA, Sending An $80 Billion Industry Into Upheaval (Forbes) SoftBank’s Masayoshi Son and Alibaba’s Jack Ma Part Ways (Bloomberg) Amazon launches cloud service to help non-coders build apps (CNBC) Hey opens its email service to everyone as Apple approves its app for good (The Verge) Michael Hawley, Programmer, Professor and Pianist, Dies at 58 (NYTimes) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Tech Meme Ride Home for Thursday, June 25th, 2020. I'm Brian McCullough.

0:08.8

Today, Wirecard is wiped out. Amazon has its own counterfeit crimes unit, which sounds to me like a TV show from

0:17.1

NBC or something.

0:18.5

Apple quietly made a change that will make things pretty tough on advertisers.

0:21.8

Google won't keep your data forever anymore, and hey, basically wins.

0:26.0

Here's what you missed today in the world of tech.

0:32.0

Again, this would be a huge story if we were talking about a US tech company.

0:38.4

Wirecard has apparently for nearly 4 billion dollars, quoting Reuters.

0:54.0

Wirecard is the first member of Germany's prestigious Dax stock index to go bust,

1:00.0

barely two years after winning a spot among the country's biggest 30 listed companies with a market valuation of 28 billion dollars.

1:07.0

The Wirecard case damages corporate Germany.

1:10.0

It should be a wake-up call for reforms, said Voker Potoff, chairman of corporate government's think tank

1:16.0

Armid.

1:18.0

Creditors have scant hope of getting back the three and a half billion euros.

1:21.4

They are owed.

1:22.4

Sources familiar with the matter said, of that total,

1:24.7

Wirecard has borrowed 1.75 billion from 15 banks

1:29.5

and issued 500 million in bonds. The money's gone, said one banker. We may recoup a few euros in a couple

1:36.6

of years, but we'll write off the loan now, end quote. Google has announced a licensing program to pay publishers for content for a new news

1:52.2

product which it is apparently launching later this year as a part of the

1:55.3

Google News Initiative. This is quite a departure on Google's part, something it said it would never ever do quoting Axios.

2:04.0

Regulators around the world have been threatening Google with broad-based policies

...

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