10 things in tech you need to know today (FB, AAPL, NFLX, SNAP, GOOG)

evan spiegel snapchat snap

Good morning! Here’s the technology news you need to know this Friday morning.

1. Facebook is reportedly planning a much cheaper virtual reality headset for 2018. The rumoured headset won’t need to be connected to a phone or computer to work.

2. Fantasy sports sites FanDuel and Draft Kings have dropped their plans to merge. They abandoned the plan after a challenge by US antitrust authorities.

3. Uber is merging its ride-sharing business with search giant Yandex in Russia. It’s another instance of Uber pulling back from its global expansion plans, just like it did in China.

4. The iPhone 8’s biggest change will not be a “must have” feature, analysts say. The rumoured OLED screen may not be a big enough difference and customers may “struggle to see the incremental benefits,” according to Barclays.

5. Netflix dominated the Emmy nominations in the two top categories. It received three nominations in the best drama series category and two in best comedy series.

6. A Stifel analyst said that investors should buy Snap stock because it’s what people want Twitter to be. Scott Devitt described Snapchat as “a thriving communications platform for hundreds of millions of high-value consumers whose nimble product innovation can drive engagement / monetization.”

7. An Airbnb host hit was hit with a $5,000 (£3,858) fine for cancelling on an Asian guest over her race. The host cancelled on Dyne Suh, who had driven through a snowstorm with friends and her two dogs in February.

8. Volkswagen is looking to China to help it sell electric cars. It has a target to sell 1 million electric cars annually by 2025 — and mainland China is a key focus for the carmaker.

9. Google has made a major post-Brexit investment in the UK by opening new data centres. This is Google’s second batch of cloud data centres in the EU after Belgium, with three “availability zones” in London.

10. LG is going to introduce its next flagship smartphone next month. The next version of LG’s V-series smartphones will be revealed at IFA next month.

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