Techmeme
July 8, 2014, 12:25 AM

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.
More: eWeek, SiliconBeat, Quartz, bizjournals and TechCrunchTweets: @ahess247Thanks:@ahess247
Jungah Lee / Bloomberg:
Samsung Sees Phone Rebound After Earnings Miss Estimates  —  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.
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 …
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.
Juli Clover / MacRumors:
iPhone 6 Front Panel Subjected to Scratch Test, Significant Bending  —  Earlier today, we shared a video of what appeared to be the front panel of the 4.7-inch iPhone 6 subjected to a limited bending stress test, but YouTube user Marques Brownlee has now acquired the same front panel and subjected …
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
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 …
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.
Stan Higgins / CoinDesk:
Next Bitcoin Core Version to Include ‘Smarter’ Transaction Fees  —  Bitcoin Foundation chief scientist Gavin Andresen has outlined the details of new floating transaction fees to be included in the code of the next Bitcoin Core release.  —  In a new post on the official Bitcoin Foundation blog …

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