Techmeme
July 7, 2014, 7:35 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, 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 …
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 …
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.
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
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 …
Jason Del Rey / Re/code:
Google sets aside as much as $500M to expand Shopping Express nationwide, fend off Amazon  —  Inside Google's Big Plan to Race Amazon to Your Door  —  Google is the undisputed king of search in all but one lucrative and vital category: Product searches.  —  Over the past decade …
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 …
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.
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:
Teachers use Bing home page lesson plans to encourage critical thinking skills  —  Find out how free lesson plans based on images like this Siberian tiger from Bing's home page encourage students to explore subjects in creative and thought-provoking ways.
Intel:
Disrupting the Data Center to Create the Digital Services Economy  —  I had the pleasure of joining Tom Krazit on stage at the Gigaom Structure'14 conference to share Intel's vision of the data center in support of the growth of the digital services economy.
VMware:
Why Run Your Exchange Environment In A Hybrid Cloud Model?  —  VMware vSphere has always been a premier destination for virtualizing packaged applications like Microsoft SharePoint and Exchange.
Zoho:
Zoho on Zoho: How we use Zoho apps to run the show at Zoholics  —  Our goal for each Zoholics user event is to make it perfect for attendees - our customers who travel from all over the world to learn and make the most of Zoho apps for their business.
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