Techmeme
May 7, 2014, 8:15 PM

Top News

John Paczkowski / Re/code:
Apple's worldwide communications VP Katie Cotton retiring after nearly two decades at the company  —  Code/red: Apple PR Impresario Katie Cotton to Retire  —  Katie Cotton, Communications VP Who Helped Shape Apple's Story, Retiring  —  Big news out of Apple today.
Stacey Higginbotham / Gigaom:
Amazon, Netflix and tech giants defend net neutrality in letter to FCC  —  In a rare public stand for the internet retailer, Amazon has come out against the Federal Communications Commission's purported plan to bifurcate the internet into faster and slow lanes as part of its new network neutrality rules.
Alex Wilhelm / TechCrunch:
Marissa Mayer Explains Why Yahoo Is Undervalued  —  On stage today at TechCrunch Disrupt New York, Yahoo CEO Marissa Mayer pushed against the narrative that Yahoo is worth nothing.  The company has a market capitalization in the tens of billions, but it's been pointed out that if you add …
Clare O'Connor / Forbes:
Jeff Bezos quietly attacks the $7.2 trillion B2B wholesale market with AmazonSupply  —  Amazon's Wholesale Slaughter: Jeff Bezos' $8 Trillion B2B Bet  —  In recent months global Internet retail behemoth Amazon.com has green-lit six new original TV shows, announced an online streaming deal …
Neil MacFarquhar / New York Times:
Russia Quietly Tightens Reins on Web With ‘Bloggers Law’  —  MOSCOW — Russia has taken another major step toward restricting its once freewheeling Internet, as President Vladimir V. Putin quietly signed a new law requiring popular online voices to register with the government, a measure that lawyers …
Arik Hesseldahl / Re/code:
SAP Fires Cloud Chief Shawn Price and Realigns Company  —  SAP has fired the head of its cloud business unit Shawn Price, sources familiar with the move tell Re/code, in what appears to be a significant strategic realignment of the German business software giant.
Leena Rao / TechCrunch:
Layer Raises $14.5M From Homebrew, Jerry Yang To Be The Communications Platform For Mobile And Web Apps  —  Communications platform for mobile and web apps and Disrupt SF 2013 winner Layer has raised $14.5 million in Series A funding from Homebrew, AME Cloud Ventures (Jerry Yang's investment vehicle) …
Spencer Ackerman / Guardian:
USA Freedom Act unanimously clears House Judiciary Committee  —  Surveillance reform bill designed to prevent collection of US phone data in bulk and is first to proceed onto the House floor  —  Six months after it was written to restrain the National Security Agency's sweeping domestic surveillance …
Jay Yarow / Business Insider:
Shares in mobile ad network Millennial Media drop over 40% in after-hours trading following worse than expected earnings  —  A Once-Hot Mobile Ad Network Is Crashing After Horrible Earnings  —  This is an eye-popper: Millennial Media is down 45% in after-hours trading following an earnings report that was worse than expected.
Timothy Hay / Wall Street Journal:
Google Ventures Leads $130M Round For Big Data Medical Software Company Flatiron Health  —  Google Ventures has made its largest medical software investment yet, providing the bulk of a $130 million financing for Flatiron Health Inc., which aggregates cancer-patient data from a wide variety …
Thanks:@mkakav
George Avalos / Mercury News:
LinkedIn eyes major expansion in Mountain View that could add 10,000 workers  —  MOUNTAIN VIEW — LinkedIn and a developer have submitted proposals to city officials for multiple office buildings in Mountain View where the technology giant could employ at least 10,000 new workers, according to proposals submitted to city officials.
Bob Rosin / Official LinkedIn Blog:
LinkedIn partners with Evernote to scan business cards, will shut down its CardMunch app  —  Evernote + LinkedIn: Powering Professional Relationships  —  Business cards are one of the many ways people initiate professional relationships, so it is important to us that our members can quickly …
United Nations:
UN telecom agency predicts 3B Internet users, 2.3B mobile broadband subscriptions by end of 2014  —  Internet well on way to 3 billion users, UN telecom agency reports  —  Releasing new statistics today, the United Nations International Telecommunications Union (ITU) announced that by end 2014 …
John Cook / GeekWire:
Zillow posts record Q1 revenue of $66.2M, but net loss grows as ad spending increases  —  Zillow continues to invest heavily in its brand — part of an attempt to become the dominant player in online real estate.  But that investment is coming with a cost for the Seattle company.
Nicole Lee / Engadget:
TuneIn tries reinventing itself as a social network for audio  —  What do you do to improve a service with over 50 million active users?  Why, totally revamp it of course.  It sounds crazy, but that's exactly what TuneIn, an audio service that lets you listen to podcasts and radio stations from around the world, did.

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