Techmeme
May 7, 2015, 6:05 PM

Top News

Dan Primack / Fortune:
Fitbit files for $100M IPO, revealing $132M net income in 2014, plans to trade on NYSE under symbol FIT  —  Fitbit files for $100 million IPO, shows big profits  —  Fitbit, a maker of fitness tracking devices that is being challenged by Apple's AAPL new watch product, has filed for a $100 million IPO.
Wall Street Journal:
Sources: Yelp is exploring a sale; shares soar over 18% after news  —  Yelp Is Exploring a Sale  —  Company has $2.9 billion market value  —  Business-reviews website Yelp Inc. is exploring a sale, according to people familiar with the matter.  —  The San Francisco-based company …
Wall Street Journal:
Spotify in talks with companies that make content for YouTube and traditional media firms for new web video service  —  Spotify Laying Plans to Enter Web Video Business  —  Closely-held streaming service has been reaching out to companies that make content for YouTube
Casey Newton / The Verge:
Flickr redesigns on web and mobile, launches auto-upload feature and unified search with image recognition  —  Flickr redesigns web and mobile apps to create a powerhouse in online photo storage  —  When Marissa Mayer became Yahoo's CEO in 2012, she was greeted with a viral internet campaign …
New York Times:
Sources: Uber has submitted a bid for Nokia's HERE mapping service, for as much as $3B  —  Uber Joins the Bidding for Here, Nokia's Digital Mapping Service  —  Uber is best known for allowing people to book a taxi through its smartphone application.  But the fast-growing company has far broader ambitions.
Jon Brodkin / Ars Technica:
AT&T customers with unlimited data using LTE now throttled only when network is congested, instead of when they go over 5GB/mo  —  AT&T finally ramps down throttling of unlimited LTE customers  —  Facing lawsuit, AT&T now throttles 4G customers only when network is congested.
Josh Constine / TechCrunch:
Zero-Fee Stock Trading App Robinhood Nabs $50M From NEA To Go Global  —  In case you thought paying $7 to $10 to trade a stock in the US was bad, it costs $65 in Australia.  So now that its zero-fee stock trading app is thriving stateside with hundreds of thousands of users …
Wall Street Journal:
US federal appeals court rules NSA's bulk collection of telephone metadata is not authorized by Patriot Act  —  Appeals Court Rules NSA Phone Program Not Authorized by Patriot Act  —  ACLU lawsuit argued the data collection should be stopped because it violates Americans' privacy rights
Ginny Marvin / Marketing Land:
Google study finds 5.5% of unique visitors to Google sites had some form of injected ads, affecting more than 3000 advertisers  —  Google Study Exposes “Tangled Web” Of Companies Profiting From Ad Injection  —  Ad injector network makes victims of millions of users and more than 3,000 advertisers, including major brands, study finds.
Craig Hockenberry / furbo.org:
Apple hasn't fixed or even acknowledged widely-reported networking issues on OS X Yosemite and iOS 8 related to discoveryd  —  discoveryd Clusterf**k  —  I usually keep things fairly clean on this site.  I have a simple metric: would I be embarrassed if my Mom read this post?
Carmel DeAmicis / Re/code:
Accel and DJI Will Partner on Special Fund Focused on Drones  —  The deal to fund drone company DJI's recent $75 million investment round, which valued it at $8 billion according to a Re/code source, was competitive.  Startup investment firm Accel, best known for its early call on Facebook, ultimately led the round.
Chris Welch / The Verge:
T-Mobile and BlackBerry end awkward feud with launch of BlackBerry Classic  —  After a contentious year that temporarily splintered their business relationship, T-Mobile and BlackBerry are on solid ground once again.  The Uncarrier plans to launch the BlackBerry Classic later this month …
Adi Robertson / The Verge:
Facebook study: our News Feed algorithm makes you just 5-8% less likely to see news from the opposing political side  —  Facebook says its algorithms aren't responsible for your online echo chamber  —  In 2011, progressive activist and author Eli Pariser told an unsettling story …

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