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Techmeme
October 6, 2014, 11:20 AM
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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 …
Frederic Lardinois / TechCrunch:
Adobe Launches Public Beta Of Its Creative SDK For iOS, Android Coming Soon  —  At its MAX conference in Los Angeles today, Adobe announced the public beta launch of its Creative SDK.  The Creative SDK, which the company first revealed a few months ago, brings some of Photoshop's editing features …
More: 9to5Mac and iMore
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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From Mediagazer

Rebecca Rubin / Variety:
Sony's Spider-Man: Brand New Day opened to a record-setting $360M in North America, beating Avengers: Endgame's $357M; globally, it hit $932M, second to Endgame

Rebecca Rubin / Variety:
Imax reaches its highest-grossing month ever with $257M globally in July, 47% above its previous record; The Odyssey has generated $221M globally in Imax so far

CNBC:
Snap reports Q2 revenue up 19% YoY to $1.6B, vs. $1.54B est., DAUs up 5% to 493M, vs. 487M est., forecasts Q3 revenue above est.; SNAP jumps 10%+ after hours

More News

Dawn Chmielewski / Re/code:
Beats headphones banned from appearing on camera as part of Bose sponsorship deal with the NFL

Earlier Picks

Wall Street Journal:
HP plans to split into two businesses, one for PCs and printers and the other for corporate hardware and services
Mediagazer memeorandum WeSmirch
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