July 2, 2014, 12:55 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.
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 …
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 …
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:
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.
Kaylene Hong / The Next Web:
Facebook's new type of ad in India lets users place a ‘missed call’ for more information  —  Facebook faces several challenges in emerging markets.  The company has to find ways for people to access its platform by maneuvering around limitations which include a widespread use of feature phones …
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 …
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.
Soma Somasegar / MSDN Blogs:
Microsoft acquires SyntaxTree, creator of UnityVS plugin for Visual Studio  —  Game developers build the apps that hundreds of millions of users play every day across a wide variety of devices, from Xbox and Windows to iOS, Android and the Web.  Games are the most popular application type …
Mike Masnick / Techdirt:
Austrian Tor Exit Node Operator Found Guilty As An Accomplice Because Someone Used His Node To Commit A crime  —  Three years ago we wrote about how Austrian police had seized computers from someone running a Tor exit node.  This kind of thing happens from time to time …

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