Techmeme
May 6, 2014, 7:50 PM

Top News

Jeffrey Hightower / Google LatLong:
Google Maps apps add lane directions, ability to save maps for offline use, Uber integration, more  —  Get on the road, go off the grid, or plan the perfect weekend with the Google Maps app  —  When your life is moving fast, you need tools to keep up with your pace.
Dalton Caldwell / App.net:
App.net is “profitable and self-sustaining”, but will no longer have any full-time employees  —  App.net State of the Union  —  As many are aware, the first major round of subscription renewals from the original App.net launch happened a few weeks ago.
Leslie Picker / Bloomberg:
Chinese e-commerce giant Alibaba files for US IPO, plans to sell 12% stake worth around $20B, say sources  —  Alibaba Files to Go Public in US IPO of E-Commerce Giant  —  Alibaba Group Holding Ltd., which rode China's emergence as an economic superpower over the past 15 years to become …
Sean Hollister / The Verge:
Microsoft will hold a ‘small’ Surface event on May 20th  —  Microsoft has reportedly been working on a miniature version of its Surface tablet for nearly two years, but the wait may be over.  The company has just sent out invitations to a Microsoft Surface event on May 20th, with the tagline “Join us for a small gathering.”
Jenna Wortham / New York Times:
VSCO, a Digital Photography Company, Raises $40 Million From Accel Partners  —  Chances are, if you have used Instagram, you have come across the hashtag #VSCO or #VSCOCam.  —  Both refer to a feature-rich camera application developed by a Bay Area start-up, Visual Supply Company …
Reuters:
Twitter shares fall over 17% to all-time low as lock-up period for 470M shares expires  —  Twitter shares plumb new lows as stock lock-up expires  —  (Reuters) - Shares of Twitter Inc slumped 15 percent to fresh lows in a flurry of trading on Tuesday after the expiration of a six-month …
Graham Cluley:
Dropbox fixes one of two vulnerabilities that allowed users to accidentally leak shared file URLs to third parties  —  Dropbox users leak tax returns, mortgage applications and more  —  If you are using file-sharing systems like Dropbox and Box without proper care and attention …
Romain Dillet / TechCrunch:
Oculus VR Created A Research Group To Advance Virtual Reality  —  Oculus VR was recently all over the news because it was acquired by Facebook for $2 billion.  But Oculus VR is still operating independently and trying to figure out the future of virtual reality.
Lily Hay Newman / Slate:
Arik Hesseldahl / Re/code:
FireEye to Acquire nPulse in Deal Valued at $70 Million  —  FireEye, the hot Internet security company that went public last year and then quickly set about acquiring other companies, has announced another deal.  —  The company says it will pay a combined $70 million in cash and stock …
Joel Rosenblatt / Bloomberg:
Samsung to Fight Apple Smartphone Trial Verdict: Lawyer  —  Samsung Electronics Co. (005930) will challenge a jury's $120 million award to Apple Inc. in a patent-infringement verdict that was “unsupported by evidence,” a lawyer for the Suwon, South Korea-based company said.
Ingrid Lunden / TechCrunch:
Flux Emerges From Google X And Nabs $8M To Help Build Eco-Friendly Buildings  —  Google X, the search giant's lab that has dedicated its work to new, unchartered moonshot concepts, has made a name for itself through its work on self-driving cars, smart contact lenses and dozens of other projects worthy of their own sci-fi novels.
Jeffrey Grubb / VentureBeat:
Electronic Arts' Q4 crushes Wall Street estimates  —  Giant walking robots that only last about two minutes in combat might not sound fiscally responsible, but it's working out well for Electronic Arts.  —  The Titanfall publisher reported earnings today that surpassed expectations for its fiscal fourth quarter, which ended March 31.
Jon Brodkin / Ars Technica:
FCC commissioner says FCC “invented” new authority to regulate Internet  —  FCC Commissioner Michael O'Rielly.  —  The FCC's Michael O'Rielly, one of two Republican commissioners since being sworn into office last November, today warned against the commission using what he called “newly invented authority to regulate the Internet.”
Alex Wilhelm / TechCrunch:
Groupon Beats In Q1 With $757.6M In Revenue, Non-GAAP EPS Of -$0.01  —  After the bell today Groupon reported its first quarter financial performance, including revenue of $757.60 million, and non-GAAP earnings per share of $0.01.  Analysts had expected for the company to earn $0.03 per share (non-GAAP) on revenue of $740 million.
Kia Kokalitcheva / VentureBeat:
GitHub's ‘Atom’ text editor is now public, free, and fully open source  —  Ten weeks ago, code-hosting giant GitHub introduced its latest creation: a text editor named Atom.  —  Now, the company is opening it up to the public after an apparently successful invite-only phase.
Frederic Lardinois / TechCrunch:
Instead of buying spectrum for Project Loon, Google will lease balloons to existing telcos  —  How Google Plans To Work With Telcos On Project Loon  —  During his appearance at TechCrunch Disrupt NY today, Google's “Captain of Moonshots” Astro Teller briefly talked about Project Loon …
Mary Jo Foley / ZDNet:
Microsoft kicks off Office Mix customer preview  —  Summary: Microsoft is opening up a customer preview of its newest Office app, a PowerPoint-based app known as Mix, to more testers.  —  Microsoft has opened the testing floodgates for its newest Office app, known as Office Mix.

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