Techmeme
July 24, 2014, 1:30 PM

Top News

Ravi Somaiya / New York Times:
Joshua Topolsky, editor in chief of The Verge, joins Bloomberg as editor of a series of new online ventures, will be replaced by Nilay Patel  —  Josh Topolsky of The Verge Is Joining Bloomberg  —  Josh Topolsky, the co-founder of the technology website The Verge, will join Bloomberg …
Tracey Lien / Polygon:
Sony agrees to $15M settlement in 2011 data breach class action  —  Sony today agreed to a $15 million preliminary settlement in a class action lawsuit over its 2011 data breach, which led to the theft of names, addresses and possibly credit card data belonging to 77 million user accounts.
Arik Hesseldahl / Re/code:
HP Makes $50 Million Strategic Investment in Hortonworks  —  To the steadily growing list of big companies making strategic investments in the open source big data platform known as Hadoop, you can now add computing giant Hewlett-Packard.  —  Re/code has learned that HP today will announce …
Exodus Intelligence:
Security firm finds de-anonymizing zero-day vulnerability in Tails OS popularized by Snowden  —  Silver Bullets and Fairy Tails  —  Introduction  —  This week we made mention on Twitter of a zero-day vulnerability we've unearthed that affects the popular Tails operating system.
Richard Lawler / Engadget:
The new $350 Oculus Rift virtual reality headset is now shipping  —  We were expecting to see the new iteration of the Oculus Rift arrive on developer's doorsteps earlier this month, but unfortunately it hit a couple of delays.  Road to VR points out a Reddit thread where pre-orderers confirmed …
Deborah Gage / Wall Street Journal:
Digital Whiteboard Trello Spins Out of Fog Creek With $10.3M  —  For the second time, Fog Creek Software Inc. has spun out a company—Trello Inc., an internal project management tool that became so popular, according to the founders, it needed to exist on its own.
Sarah Frier / Bloomberg:
Facebook stock surges to a record high of $76 in early trading, doubling its IPO price  —  Facebook Shares Surge to Record as Mobile Ads Fuel Gains  —  Mark Zuckerberg is staring down naysayers who hammered Facebook Inc.'s stock after its debut two years ago, as shares surged to a record today.
Ina Fried / Re/code:
LG Shipped 14.5 Million Smartphones in Q2, up 20 Percent, As Phone Business Turned a Profit  —  Korea's LG Electronics said on Wednesday that its mobile unit turned profitable in the second quarter as the company shipped a record 14.5 million smartphones, up 20 percent year-over-year.
Josh Ong / The Next Web:
Google Maps challenges Foursquare with new Explore feature on Android and iOS  —  Google announced today the addition of an Explore Nearby button for Google Maps on iOS and Android.  The featuring is rolling out “starting this week.”  —  The new feature expands the Google Maps as more than just your go-to app for directions.
Mark Hearn / 9to5Google:
Google switching Chrome to its homemade BoringSSL to make its browser safer  —  Google has exhausted a lot of resources patching up OpenSSL, so much in fact, the company has elected to create its own fork aptly named BoringSSL.  Preparing to move the platform to Chrome …
Charlie Osborne / ZDNet:
European Central Bank suffers security breach, personal data stolen  —  Summary: The European Central Bank's website has been hacked and personal information has been stolen by a cybercriminal.  —  The European Central Bank (ECB) admitted Thursday that a security breach has led to the theft of personal data.
Janet Van Huysse / The Twitter Blog:
Twitter releases diversity report: global employees are 70% male; in US 59% white, 29% Asian  —  Building a Twitter we can be proud of  —  At Twitter, we have a goal to reach every person on the planet.  We believe that goal is more attainable with a team that understands and represents different cultures and backgrounds.
Karen Freifeld / Reuters:
Seven arrests made in $1.6 million StubHub cyberfraud case  —  (Reuters) - Police have arrested seven people on charges they were tied to an international ring that defrauded eBay Inc's StubHub online ticketing service of some $1.6 million, the latest in a string of high-profile cybercrime busts in recent months.

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Rackspace:
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