Techmeme
May 25, 2014, 9:25 PM

Top News

Bloomberg:
U.S. Companies Hacked by Chinese Didn't Tell Investors  —  Three U.S. public companies identified as Chinese hacking victims didn't report the theft of trade secrets and other data to investors, despite rules designed to disclose significant events.  —  Two of the companies …
More: TechdirtTweets: @jasonh and @taosecurity
Reuters:
Dieter Bohn / The Verge:
Evelyn M. Rusli / Wall Street Journal:
Investor Talk on Uber's Valuation Hits as High as $17 Billion  —  The bids for Uber's funding round rolled in this past week, and the price for the on-demand car service seems poised to steeply rise.  —  Several investors have stepped up during the bidding process, offering valuations near or above $17 billion, two people said.
More: bizjournalsTweets: @semil and @jmcdulingThanks:@evelynrusli
Ellis Hamburger / The Verge:
Spotify lands another hot integration, this time with mixing app Djay  —  Could Made For Spotify be the new Made For iPod?  —  Spotify isn't profitable quite yet, but with 10 million paid subscribers, the company is likely closer than anyone else in the on-demand music space to breaking even.
Kim Zetter / Wired:
Government Seeks Seven-Month Sentence for LulzSec Leader ‘Sabu’  —  As a reward for his extensive cooperation helping prosecutors hunt down his fellow hackers, the government is seeking time served for the long-awaited sentencing of top LulzSec leader Hector Xavier Monsegur, also known as “Sabu.”

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