Techmeme
May 8, 2014, 9:50 PM

Top News

Mark Gurman / 9to5Mac:
Apple in final talks to acquire Beats for $3.2b, deal could be announced next week  —  According to the Financial Times, Apple is in late-stage talks with Beats to acquire the music streaming and headphone maker for a deal worth $3.2 billion.  The deal could be announced as soon as next week, according to the report.
Peter Kafka / Re/code:
Why Apple Is Betting Big on Beats: Hardware for Now, Streaming for Later  —  Apple is set to make the biggest purchase in its history: A $3 billion-plus deal for Beats, the company that sells high-end headphones and recently launched a streaming music service.
Ben Popper / The Verge:
50 leading tech investors tells the FCC a pay-to-play internet would kill startups  —  Venture capitalist are anxiously awaiting the agency's new plan for an open internet  —  Would it be possible to build the next YouTube or the next Netflix if big ISPs like Comcast and Verizon were allowed …
Jon Brodkin / Ars Technica:
Comcast is the one who should pay for network connections, Cogent claims  —  Internet backbone operator Cogent has long expressed its displeasure with Comcast's demands for payment in exchange for accepting Netflix video and other traffic.Comcast has argued that the data Netflix sends …
Mark Josephson / bitly blog:
Bitly accounts compromised; change API key, reset password, and reconnect social accounts  —  Urgent Security Update Regarding Your Bitly Account  —  We have reason to believe that Bitly account credentials have been compromised.  We have no indication at this time that any accounts have been accessed without permission.
Jenna Wortham / New York Times:
Snapchat settles with FTC over misleading marketing, address book collection, security breach; no monetary penalty imposed  —  Snapchat Reaches Settlement With Federal Trade Commission  —  The disappearing act of messages on Snapchat, the mobile messaging service, has not been as foolproof as the company promised.
Tammy Parker / FierceWireless:
Sprint slams on the brakes for top 5% of data users in congested areas  —  Sprint's (NYSE: S) pledge of unlimited data is looking increasingly less sustainable, as the carrier maneuvers to rein in network traffic generated by its heaviest data users and ensure quality of service for the majority of its customers.
Sam Biddle / Valleywag:
Goodbye to Katie Cotton, the Queen of Evil Tech PR  —  After 18 years of spin, Katie Cotton, Apple's magnetically ruthless vice president of worldwide corporate communications, has left her job, and tributes from the tech press are pouring in.  What no one will admit is that we were all afraid of her.
Adam Lashinsky / Fortune:
Reporter offered pre-IPO shares by Arista Networks, considers it another sign of a tech bubble  —  Yes, we're in a tech bubble.  Here's how I know it  —  When tech startups are willing to offer almost anyone — even a journalist — shares ahead of an I.P.O., a burst isn't terribly far behind.
David Peisner / Rolling Stone:
Markus Persson, a.k.a. Notch, is gaming's biggest rock star.  But he may never make a second album  —  Markus Persson, a.k.a. Notch, is gaming's biggest rock star.  But he may never make a second album  —  It's a wet monday morning in Stockholm, and the door to Markus Persson's office is closed.
Tweets: @h4ryb and @sai
Miyoung Kim / Reuters:
Samsung's head of mobile design resigns amid lukewarm Galaxy S5 reception  —  Samsung Electronics replaces mobile design head  —  (Reuters) - Samsung Electronics Co Ltd, the world's biggest handset maker, has replaced the head of its mobile design team amid criticism of the latest Galaxy S smartphone.
William Alden / New York Times:
Science Inc. buys Delicious from YouTube co-founders' Avos Systems for an undisclosed sum  —  YouTube Founders to Sell Delicious, a Social Bookmarking Site  —  The social bookmarking service Delicious has changed hands twice over the last decade, while failing to attract a mainstream audience.
David Gelles / New York Times:
Omnicom-Publicis $35B mega-merger called off due to internal differences and regulatory issues  —  Ad Agency Giants Said to Call Off $35 Billion Merger  —  Omnicom Group and Publicis have called off their $35 billion merger, bringing a premature end to a deal that would have created …
Natasha Lomas / TechCrunch:
Online Learning Marketplace Udemy Raises $32M To Scale Up Internationally  —  Long time player in the online learning space, Udemy, which has built a skills-based marketplace where individual tutors can sell their skills and learners can get access to courses (both paid and free) …
Jonathan Shieber / TechCrunch:
Stock Investment And Wealth Management Service Motif Investing Raises $35 Million  —  Retail investors in the U.S. looking for ways to play the stock market have several startups offering them services, and now Motif Investing has raised $35 million in late-stage funding from new backers to take its services worldwide.
John Koetsier / VentureBeat:
OMsignal unveils ‘biometric smartwear’ T-shirts for fitness geeks, quantified selfers, and you  —  What's next in mobile?  Find out at MobileBeat, VentureBeat's 7th annual event on the future of mobile, on July 8-9 in San Francisco.  Register now and save $400!  —  Smart wearables are here, and they're huge.
Aaron Levie / The Box Blog:
Box strikes deal with GE to become the default file-sharing service of its 300,000+ employees  —  General Electric and User-Centric IT  —  I'm incredibly excited to share that General Electric has chosen Box as its corporate standard for content sharing and collaboration.
Richard Nieva / CNET News:
California Senate approves smartphone ‘kill-switch’ bill  —  After failing in the state Senate two weeks ago, a bill requiring that device makers include antitheft software on phones sold in the state passes muster.  —  State Sen. Mark Leno and San Francisco District Attorney George Gascon introducing the …

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Mike Beasley / 9to5Mac: