Techmeme
July 2, 2014, 12:25 PM

Top News

R. Jai Krishna / Wall Street Journal:
Facebook's Sheryl Sandberg apologizes for poorly communicating controversial News Feed study: “We never meant to upset you”  —  Sandberg: Facebook Study Was ‘Poorly Communicated’  —  Facebook 's psychological experiment on nearly 700,000 unwitting users was communicated “poorly …
Jillian Ward / Bloomberg:
Cyrus Farivar / Ars Technica:
Investor Tim Draper wins auction for 29,655 bitcoins seized from Silk Road, partners with Vaurum to leverage the pool as a liquidity source in emerging markets  —  Famed investor Tim Draper wins auction of Silk Road's 29,655 bitcoins  —  Draper to partner with Vaurum, which offers “secure storage solutions” to banks.
Ben Sisario / New York Times:
Source: Google paid more than $39M for Songza  —  Google Buys Songza, a Playlist Service for Any Occasion  —  In a sign of growing consolidation in the digital music business, Google announced on Tuesday that it had bought Songza, a three-year-old app that competes with Pandora and others …
Jordan Crook / TechCrunch:
Mariella Moon / Engadget:
Chumby's smart alarm clock relaunches with 1,000 apps  —  Remember Chumby?  You probably haven't heard much about the snuggly tiny computer/smart alarm clock since its makers' company disbanded, but now it's back from its semi-retired state.  Its current owner, Blue Octy LLC …
Romain Dillet / TechCrunch:
BlaBlaCar Raises A Massive $100 Million Round To Create A Global Long Distance Ride-Sharing Network  —  In what is the largest VC round in a French startup of all time, BlaBlaCar just raised a $100 million round led by Index Ventures, with existing investors Accel Partners, ISAI and Lead Edge Capital also participating in the round.
Cindy Cohn / Electronic Frontier Foundation:
Flawed Oversight Board Report Endorses General Warrants  —  The Privacy and Civil Liberties Oversight Board (PCLOB) issued a legally flawed and factually incomplete report late Tuesday that endorses Section 702 surveillance.  Hiding behind the “complexity” of the technology …
Nicholas Stango / Gizmodo:
Inside the Secret Building That's Bringing Cell Service To NYC's Subway  —  As Hurricane Sandy revealed almost two years ago, New York's 100-year-old subway is not a modern and robust system.  In fact, compared to other cities, it's downright dirty, unpredictable and technologically behind.
More: ANIMAL
Ian Austen / New York Times:
Canadian antispam law goes into effect, resulting in a flurry of ‘please opt in’ emails  —  Canadian Antispam Law Whips Up a Storm of Last-Minute Messages  —  OTTAWA — The email has all the markings of malicious spam: an overwrought subject line screaming “Urgent Action Required …
Bloomberg:
Shutterfly Said to Hire Qatalyst to Seek Buyers for Site  —  Shutterfly Inc. (SFLY), which turns digital photos into printed albums, is working with boutique investment bank Qatalyst Partners to find buyers for the company, according to people familiar with the matter.
Dan Primack / Fortune:
Kleiner Perkins Caufield & Byers raises $1.2B: $450M for flagship early-stage fund, $750M for digital growth fund  —  Exclusive: Kleiner Perkins raises $1.2 billion  —  Kleiner Perkins has no trouble raising a pair of new venture capital funds.  Venerable venture capital firm Kleiner …

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