Techmeme
October 6, 2014, 11:20 AM

Top News

New York Times:
Hewlett-Packard Announces Breakup Plan as Technology Landscape Shifts  —  Hewlett-Packard confirmed on Monday that it planned to break into two companies.  —  The company, considered a foundational institution of Silicon Valley, said in a news release that it intended to divide itself …
Wall Street Journal:
HP announces split, boosts number of expected layoffs by 5K to 55K  —  Hewlett-Packard Announces Plans to Break Up Company  —  H-P Would Separate PC, Printer Business from Corporate Hardware, Services; Expects More Layoffs  —  Tech company Hewlett-Packard has announced that it will separate …
Barb Darrow / Gigaom:
HP is better not together — company to split into enterprise and PC/printer businesses  —  It's true.  The HP IT giant is dividing into two smaller, but still large entities, one focusing on enterprise IT, the other on PCs and printers.  —  Hewlett-Packard is now forging ahead with plans …
Mike Isaac / New York Times:
Square closes its latest round, raising $150M at a $6B valuation, led by Singapore Investment Corporation  —  Square Raises $150 Million at a $6 Billion Valuation  —  It takes money to make money, or so the saying goes.  And Square, the e-commerce start-up, wants to make a lot more money.
Benjamin Mayo / 9to5Mac:
Apple sapphire crystal supplier GT Advanced files for bankruptcy  —  Apple sapphire supplier GT Advanced Tech has today released a statement announcing that it is filing for bankruptcy under Chapter 11.  Filing for Chapter 11 means the company will be able to continue normal operations until it can resolve issues with creditors.
Josh Constine / TechCrunch:
Hacked Screenshots Show Friend-To-Friend Payments Feature Hidden In Facebook Messenger  —  Facebook Messenger is all set up to allow friends to send each other money.  All Facebook has to do is turn on the feature, according to screenshots and video taken using iOS app exploration developer tool Cycript …
Mat Honan / Wired:
Adaptive Path's acquisition by Capital One feels like the end of the long-fading Web 2.0 era  —  Adaptive Path and the Death Rattle of the Web 2.0 Era  —  You may not have heard of them, but a little company in San Francisco called Adaptive Path has had an outsized effect on the Web we know.
Zachary M. Seward / Quartz:
The cloud DVR is going mainstream before anyone knows if it's legal  —  It's perfectly legal in the US to record television programs for personal use, but the situation gets murkier when those recordings touch the web.  American courts haven't really decided if cloud DVRs …

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