July 2, 2014, 3:30 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 …
Ron Amadeo / Ars Technica:
Developer preview test for Android L's Project Volta shows promise, 2 hours or 35% more battery life on Nexus 5  —  Examining Project Volta: We put Android L through our battery test  —  For each Android release, Google likes to have a “Project” that picks an area of weakness and focuses on tuning the whole OS to fix it.
Josh Constine / TechCrunch:
Facebook Acquires LiveRail To Serve Video Ads Everywhere, Improve Its Own  —  Facebook has just bought video ad tech startup LiveRail, which connects marketers to publishers on web and mobile to target 7 billion video ads to visitors per month.  A source tells us Facebook paid between $400 million …
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.
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 …
Cindy Cohn / Electronic Frontier Foundation:
David Katzmaier / CNET:
Samsung to end plasma TV production this year  —  Following in the footsteps of Panasonic, Samsung says it will end production of plasma display panels by the end of this year.  —  The Samsung PNF8500 is the last great plasma TV.  —  Sarah Tew/CNET  —  Samsung SDI has announced …
Greg Bensinger / Wall Street Journal:
Amazon resists FTC request to tighten in-app purchase policy for children  —  Amazon Resisting FTC on Policy Change for In-App Purchases  —  Amazon-FTC Dispute Is Over Limiting Children's Purchases  — Inc. is bucking a request from the Federal Trade Commission that it tighten …
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 …
Greg Kumparak / TechCrunch:
First 10K units of Oculus Rift DK2 should be arriving week of July 14  —  With 45,000 Pre-Orders, The New Oculus Rift Will Start Arriving Around July 14th  —  Back in March, the second generation of Oculus' work-in-progress virtual reality headset went up for pre-order for $350.
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.
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 …
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.

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