Techmeme
July 7, 2014, 8:25 PM

Top News

Wall Street Journal:
Box raises $150M more from TPG and Coatue Management at $2.4B valuation, expects IPO after labor day  —  Web-Storage Startup Box Raises $150 Million as It Awaits IPO  —  Box Inc. has bought itself some breathing room as it waits for a more suitable time to hold an initial public offering.
Arik Hesseldahl / Re/code:
Box's updated S1 shows Q1 sales up 94% and losses up just 11% year-on-year  —  Pace Quickens Toward Box's IPO as Q2 Sales Nearly Double  —  Cloud storage and collaboration firm Box nearly doubled in size and revenue in the last quarter, but it did so as losses deepened, albeit at a slower rate than in earlier periods.
Andrew Wallenstein / Variety:
Twitter Replaces Media Chief Chloe Sladden with Katie Stanton (Exclusive)  —  Less than a month after the departure of Twitter Media chief Chloe Sladden, the social media giant has found her replacement.  —  Katie Stanton, previously vice president of international market development …
Chris Welch / The Verge:
Isis mobile wallet will rebrand to avoid sharing name with violent militant group  —  Isis is facing an identity crisis.  The company behind the mobile wallet app has announced it will rebrand to avoid sharing its name with the extremist militant group ISIS, or the Islamic State of Iraq and the Levant.
Darrell Etherington / TechCrunch:
Oculus Debuts Oculus Connect Developer Conference, Acquires RakNet And Open Sources Its Tech  —  Oculus made a couple of announcements today, including the acquisition of middleware game-network technology provider RakNet, which powers cross-platform voice chat, SQL logging …
Kevin Poulsen / Wired:
How malicious community edits on Google Maps can destroy a business  —  How Google Map Hackers Can Destroy a Business at Will  —  Rene Bertagna blames Google for the death of his restaurant, Serbian Crown.  Courtesy Rene Bertagna  —  Washington DC-area residents with a hankering …
More: Business InsiderTweets: @dangillmor
Parmy Olson / Forbes:
Waze trades aggregate anonymous user data to local governments for sensor and camera data; Moovit and Strava make similar deals  —  Why Google's Waze Is Helping Local Governments Track Users  —  In Rio de Janeiro most eyes are on the final, nail-biting matches of the World Cup.
Kim-Mai Cutler / TechCrunch:
Keith Rabois' Homebuying Startup OpenDoor Raises $9.95M From Everyone  —  Well.  —  It seems like a lot of Valley investors want to see the process of buying homes become a lot more efficient.  —  After Khosla Ventures VC and former Square COO Keith Rabois teased that he was working …
More: VentureBeat and Re/code
Jungah Lee / Bloomberg:
Samsung Profit Misses Estimates as Cheap Phones Struggle  —  Samsung Electronics Co. (005930) posted second-quarter profit that missed analysts' estimates as the world's biggest smartphone maker loses market share to Apple Inc. (AAPL) and less expensive devices from Chinese manufacturers.
More: Re/code and Reuters
Mark Gurman / 9to5Mac:
Tim Cook ‘actively’ seeking to add new directors to Board  —  The Wall Street Journal today published a brief profile on Apple CEO Tim Cook as the Cupertino-based company continues to be shaped in the image of Cook rather than co-founder Steve Jobs.  The profile has some interested tidbits …
Joe Rossignol / 9to5Google:
YouTube approaches 300M viewing hrs per day, fell short of estimates w/ $3.5B revenue in 2013  —  YouTube has established itself as a mainstream platform for streaming video content online, but its ambitious goal of reaching 1 billion “watch time” hours per day through 2016 is reportedly lagging behind expectations.
Ingrid Lunden / TechCrunch:
Gartner: Device Shipments Break 2.4B Units In 2014, Tablets To Overtake PC Sales In 2015  —  The gradual decline of the PC industry, spurred on by the rapid rise of mobile computing, continues apace.  Today the analysts at Gartner have published their latest forecasts for global PC, tablet …
Gary Wong / Skype Blogs:
Skype 5.2 for iPhone: Voice Messaging Support and Profiles Are Back!  —  We have been reading and listening to your feedback ever since we launched the new remastered Skype for iPhone and have been hard at work incorporating your suggestions.  With Skype 5.1 for iPhone we included the ability …
Tammy Parker / FierceWirelessTech:
Free Wi-Fi provider Gowex confirms faked results for four years, files for bankruptcy protection  —  Madrid-based Wi-Fi service provider Gowex filed for bankruptcy protection upon the resignation of its CEO and president, Jenaro Garcia Martin, who acknowledged he has been cooking the firm's books for four years.

Sponsor Posts

Microsoft:
The new MSN arrives  —  Over the next 72 hours Microsoft will roll out the new MSN to the more than 425 million people in over 50 countries who come to the site each month.  In addition, people using Windows …
Amazon Web Services:
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Silicon Valley Bank:
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