“We’re not going to just go back to the way things were. This is a tectonic shift that we expect to play out for years to come.” That was Zillow Group CEO Rich Barton (above), talking about the real estate industry after the Seattle company posted better than expected results for its second quarter. The U.S housing market has bounced back in recent months, driven in part by record-low mortgage rates and the shift to remote work as people look for new homes. Barton said this is the beginning of “The Great Reshuffling” as the pandemic changes the way we think about the home. Read the story.
Related: Redfin CEO says strength of housing market ‘almost feels eerie’ amid economic and health crisis
Trump’s latest TikTok threat: Ratcheting up the pressure on any possible acquisition of the social media app by Microsoft or another company, President Trump signed an executive order that would block all transactions with ByteDance, the China-based tech giant that owns TikTok, in 45 days. Trump cited a “national emergency with respect to the information and communications technology and services supply chain” and a shocked TikTok called the move “a dangerous precedent for the concept of free expression and open markets.” Read the story.
There’s no app for that: Microsoft and Apple are in a tiff over Apple’s App Store policies and Microsoft’s new cloud gaming service. Microsoft issued a statement saying that Apple is standing in the way of cloud gaming. It’s not the first time the company has called out Apple for the tight control it exercises over its App Store.
Tech Moves: Microsoft is reorganizing its Windows team again; Mike Ensing was named president and COO of RealNetworks; two former Amazon Web Services execs have moved on; and more notable personnel changes across the PNW tech industry.
Power move: Wireless charging for robots, drones and more got a big boost when the FCC gave approval to technology made by Seattle-based WiBotic. The startup’s high-power transmitters and receivers can provide up to 300 watts of wireless power to devices with larger batteries.
A robust tech economy: Washington state ranks at or near the top of the list in several categories in a new report detailing the importance of the high-tech industry in the U.S. For instance, a whopping 57% of all services exports are related to technology in the state, nearly twice as much as the second place and third place finishers.