July 22, 2022
Image: Amazon, Sharon McCutcheon via Unsplash
Good morning! Amazon’s purchase of One Medical leaves a lot of questions unanswered, including, “Can it even do that?” The short answer is yes, but it’s not that simple.
Amazon announced yesterday that it’s buying its way into a huge slice of health care provision with the acquisition of One Medical for nearly $4 billion. It claims the deal will allow it to "reinvent" health care, and it’s raising some eyebrows.
One big concern with the deal: data. Health care companies hold a massive amount of information, especially in the age of telehealth. The deal gives Amazon new ways to glean data to help it build AI, Protocol Enterprise reporter Kate Kaye writes.
This deal also unlikely to face antitrust pushback despite its size, Protocol Policy editor Kate Cox told me.
Amazon already has its tentacles wrapped around a vast array of sectors, from entertainment to cloud software to groceries. But the deal shows the company’s intentions to be part of just about everything else, too.
— Nat Rubio-Licht
There was a time not so long ago when Facebook’s most important feature was the Friend — a time when a college kid could earnestly offer to find a new classmate on Facebook and not get looked at sideways.
The days of the Friend are long gone. If it wasn’t obvious already, Mark Zuckerberg made it abundantly clear yesterday when he announced that Facebook will begin relegating posts from Friends, as well as Pages and Groups that users follow, to their own tab called Feeds.
For Facebook, it’s a total about-face, and a quick one at that.
Facebook was already flailing when along came TikTok, a platform that is not so much the digital living room as it is a voyeuristic tour of strangers’ living rooms, where they apparently dance all day and drink balsamic vinegar for the entertainment of anonymous masses.
So long, Friends. We hardly knew you.
— Issie Lapowsky
Say I bought the song “Shake It Off” by Taylor Swift on Apple Music. Do I have the right to turn it into an NFT? The answer is absolutely not, but people are doing things like that anyway. And they’re getting sued.
NFTs are testing the limits of trademark law, Protocol Fintech reporter Tomio Geron writes. Lawsuits have started to crop up against those who try to mint digital assets off of items in their possession; those who own the IP rights argue that it violates trademark rules.
So when are people going to stop breaking the rules? Attorney Peter Willsey told Tomio that rules don’t need updating, but everyone’s going to need to get clearer on who gets to own NFTs.
So I’m not going to mint and sell an NFT of the song “You Need to Calm Down,” because the record labels are probably not going to just shake that one off. NFTs may be new, but copyright and trademark rules are old. And old often wins in court.
Read Tomio’s full story here.
— Sarah Roach
You're either real-time or out of time: Applications like this power our daily lives, and if they can’t access massive amounts of data stored in a database as well as stream data “in motion” instantaneously, you — and millions of customers — won’t have these in-the-moment experiences.
Jason Calacanis thinks VCs’ crypto investments will “blow up” in their faces:
AT&T's Pascal Desroches said customers tend to fall behind on monthly phone payments when costs rise:
Twitter reports earnings today. You can find the dates for other earnings calls (and other upcoming events) on our tech calendar.
Creators are staging an "Instarrection" protest tomorrow in front of Instagram's New York City headquarters.
Ron McKenzie replaced Jorge Fernandes as Rogers’ CTO. Fernandes left the company after a costly nationwide network failure.
Joe Gebbia is leaving his role at Airbnb but will stay on the company’s board. He’s the first of three co-founders to step back.
Will Ruben joined Uniswap Labs as VP of product. Ruben was previously the senior director of product management at Coinbase.
The SEC charged a former Coinbase manager, his brother and a friend with insider trading. The complaint claims that Ishan Wahi tipped his brother and friend on upcoming public listings.
Snap's the latest to slow hiring. Its stock dropped 25% after it reported disappointing second quarter earnings.
A16z is going remote-first, but it’s still adding new office spaces in Miami Beach, New York and Santa Monica.
Activision Blizzard workers staged a walkout yesterday over employee safety worries since Roe v. Wade was overturned.
WhatsApp users can now transfer their chat history from Android to iOS, and vice versa.
YouTube will start removing abortion-related misinformation, including false claims about safety and unsafe instructions for self-induced abortions.
Yik Yak, YOLO and LMK have all had their fair share of issues, but people aren’t ready to let go of anonymous messaging platforms just yet. The newest one is NGL, which lets people take anonymous questions on platforms like Facebook or Instagram. It’s getting pretty popular, but it hasn’t even created community guidelines yet. If history repeats itself, NGL could start seeing many of the same problems (harassment, bullying) that plague other platforms.
You're either real-time or out of time: Many of the challenges facing our world today are increasingly complex and critical, such as climate change, talent shortages and supply chain disruptions. Solving these problems requires analyzing large data sets, quickly. Additionally, organizations must use data to predict future issues and then determine the most effective solution.
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