July 30, 2014, 11:25 PM

Top News

Snapchat Said in Funding Talks With Alibaba at $10 Billion  —  Snapchat Inc., the company that makes a mobile application for disappearing photo messages, is in talks with investors including Alibaba Group Holding Ltd. (BABA) for a round of financing that may value the company at $10 billion, people with knowledge of the situation said.
Mark Gurman / 9to5Mac:
Heads rolling at Beats as Apple eliminating redundant positions, Ian Rogers & Trent Reznor to stay on  —  As Apple's acquisition of Beats Electronics and Beats Music nears completion this financial quarter, the Cupertino and Santa Monica, California-based companies have begun work …
Ryan Knutson / Wall Street Journal:
Virgin Mobile intros customizable prepaid smartphone plans with options for unlimited data on certain services like Facebook, Twitter, Instagram, and Pinterest  —  Sprint Will Sell a $12 Wireless Plan that Only Connects to Facebook or Twitter  —  For about $12, Sprint will soon let subscribers buy …
Maria Kiselyova / Reuters:
Russia wants access to Apple and SAP source code to see if their products are used for spying  —  Russia wants Apple, SAP to cooperate against foreign spying  —  * Apple, SAP guard their source code closely  —  * Russian, Western relations strained over Ukraine
European regulators training sights on Google's mobile software  —  (Reuters) - European regulators are preparing what could be a stern challenge to Google Inc's (GOOGL.O) (GOOG.O) mobile software business in the coming months after a nearly four-year investigation into the company's Web …
Chris Duckett / ZDNet:
Samsung mobile profit down by a third in 2Q 2014  —  Summary: A decline in profitability of Samsung's IT and mobile communications division has pulled overall profit for the Korean conglomerate lower.  —  Chris Duckett  —  Samsung has announced an overall 15 percent fall in operating profit …
Sam Gustin / Motherboard:
FCC Chairman: Verizon Uses a ‘Disturbing’ Loophole to Throttle Unlimited Data  —  Federal Communication Commission Chairman Tom Wheeler is “deeply troubled” about Verizon Wireless's recently-announced plan to begin slowing down data speeds for some customers, he wrote in a strongly-worded letter to the company's CEO on Wednesday.
Mike Futter / Game Informer:
Sony: EA Access Doesn't ‘Represent Good Value To The PlayStation Gamer’  —  Following EA's announcement of the company's new subscription program, Access, we were curious about it being tied only to Xbox One.  We reached out to Sony for clarification, and it seems like PlayStation 4 owners shouldn't hold their breath for the program.
Eduard Kovacs / SecurityWeek:
Tor Warns of Attack Attempting to Deanonymize Users  —  The Tor Project has disclosed details of an attack which appeared to be an attempt to deanonymize users of the popular anonymity network.  —  According to Tor Project Leader Roger Dingledine, the attack was detected on July 4 …
Ryan Whitwam / Android Police:
Samsung's Milk Music Update Adds $3.99 Premium Subscription Option  —  Samsung pitched Milk Music this spring as a totally free music service exclusive to its devices, but slipped in at the end that it might not be free forever.  You can still stream tunes for free without ads …
Kara Swisher / Re/code:
Interim No More: Rob Glaser Named Permanent CEO of RealNetworks  —  Rob Glaser, who founded RealNetworks in 1994 and served as its CEO until 2010, has been named permanent CEO of the Seattle-based digital media company.  He has been interim CEO for the last two years, trying to turn around RealNetworks …
Eric Jackson / Forbes:
After several costly errors by CEO Marissa Mayer, Yahoo could use another activist investor  —  How Do You Solve A Problem Like Marissa?  —  [Disclosure: Author was long YHOO at time of writing.]  —  There's been a sharp response to the post I wrote last Wednesday in Forbes outlining …

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