Good morning! Here's the technology news you need to know this Tuesday.
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10 things in tech you need to know today (AAPL, MSFT, GOOG, FB, TSLA)
It's looking like Apple is ditching Touch ID for the new iPhone, a 500 Startups partner quite, and Microsoft is undergoing a reorganisation.
A bug showed that share prices including Apple were down over 80%.
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1. A reliable analyst said that the new iPhone 8 won't have an integrated fingerprint sensor on the front. Supply chain analyst Ming-Chi Kuo said in his latest note that Apple is likely to favour face scanning to unlock the new iPhone.
2. A 500 Startups partner quit, claiming leadership was untruthful about the Dave McClure situation. More allegations are being made public against the well-known technology investor.
3. Microsoft is undergoing a huge reorganisation to sell more cloud subscriptions and less software. Microsoft's internal memo announcing the change didn't mention layoffs.
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4. The UK's data protection watchdog ruled that Google DeepMind's first deal with the NHS was illegal. The regulator said in its ruling that the deal "failed to comply with data protection law."
5. Samsung is bringing back the Galaxy Note 7 with a new "Fan Edition." The battery has been tweaked to stop the phone exploding.
6. Amazon and Google share prices were reported down more than 80% after test data went live. Nasdaq is investigating how around 16 stocks showed the incorrect price.
7. A judge threw out a lawsuit alleging Facebook tracks logged out users because there was no "realistic" economic harm. The judge also said that the plaintiffs failed to show they had a reasonable expectation of privacy.
8. Elon Musk said Tesla will deliver its first Model 3 cars on July 28. Musk tweeted that 30 cars will be delivered.
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9. Softbank's £71 billion tech fund is reportedly going to invest in Deliveroo. The deal could value the meal delivery startup at around £1.1 billion.
10. Banking startup Tide raised $14 million (£10.8 million) to "give small businesses back their time." It's one of the largest Series A funding rounds for a UK startup this year.
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