Techmeme: Snapchat has raised $537M in sale of common stock, at a valuation of $16B according to a source (Douglas MacMillan/Wall Street Journal)

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May 31, 2015, 4:00 AM

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Douglas MacMillan / Wall Street Journal:

Snapchat has raised $537M in sale of common stock, at a valuation of $16B according to a source — Snapchat Raises Another $500 Million From Investors — Investment from Alibaba, others values popular messaging service at $16 billion — The demand to own private shares in Snapchat Inc …

More: Business Insider, Seeking Alpha, CNET, Bloomberg Business, Fortune, Re/code, Forbes, CNBC and Los Angeles Times

Ryan Lawler / TechCrunch:

Uber Unveils Design Concept For Its New, 420,000 Square-Foot Headquarters In SF — Images detailing the design of Uber's giant new San Francisco corporate headquarters have emerged, showing what the new, two-building corporate campus should look like when it opens up in a few years.

More: San Francisco Chronicle, Dezeen, The Verge, SFist, bizjournals, SlashGear, Digital Trends and Business Insider

Drew FitzGerald / Wall Street Journal:

Level 3 now blocking traffic to servers believed to be controlled by criminals, encouraging other carriers to adopt its more aggressive stance — Level 3 Tries to Waylay Hackers — Internet carrier takes to blocking traffic to servers believed controlled by criminal gangs

Ed Bott / ZDNet:

Online reseller Newegg leaks Windows 10 OEM pricing and on-sale dates: Home package is $109.99, Pro package is $149.99, and release date is August 31 — Online reseller leaks OEM prices and on-sale dates for Windows 10 — Summary:A major software reseller in the U,S …

More: VentureBeat and Neowin

William Alden / BuzzFeed:

Leaked presentation details plans for $100M hardware startup fund Formation 8 is raising — Inside Formation 8's Secret Strategy To Invest In Hardware — The venture capital firm Formation 8 wants to raise $100 million to invest in hardware makers. BuzzFeed News obtained a confidential slide presentation about the new fund.

More: VentureBeat and Business Insider

John Brownlee / Co.Design:

Kindle gets a new font and layout engine with better text justification, kerning, drop caps, image positioning, and more — The Kindle Finally Gets Typography That Doesn't Suck — Amazon's Kindle e-reader is a lovely single-purpose gadget, with an industrial design ethos that …

Tweets: @mgsiegler

Emil Protalinski / VentureBeat:

Android Pay's debut means Google Wallet will live on as a P2P payments app — If you're not reaching, engaging, and monetizing customers on mobile, you're likely losing them to someone else. Register now for the 8th annual MobileBeat, July 13-14, where the best and brightest will be exploring …

More: New York Times, Google Wallet, Android Authority and PhoneDog.com

Brad Stone / Bloomberg Business:

Google partially automates launches of Project Loon balloons, expands range by reducing reliance on ground stations by relaying signals between balloons — Google Details New Project Loon Tech to Keep Its Internet Balloons Afloat — Google's Mike Cassidy describes two advancements …

More: PC Magazine, Tech Times, 9to5Google, Engadget and TIME

Janko Roettgers / Variety:

Google Sells 17 Million Chromecast Devices, Clocks 1.5 Billion Casts — Google has finally announced actual sales figures for its Chromecast streaming stick: Consumers have bought 17 million Chromecasts ever since the device got first introduced two years ago, announced Google's senior VP …

More: PC Magazine, TechnoBuffalo and Tech Times

Steven Max Patterson / CIO.com:

Google releases Polymer 1.0, a core library used to build and style Web components — Google's Polymer 1.0 brings reuse and better branding to Web development — Signaling Polymer's production readiness, Google announced release 1.0 at its annual I/O developer conference.

More: Softpedia News, theWHIR.com, The Next Web, AndroidHeadlines.com, VentureBeat and Network World

Robert Graham / Errata Security:

Proposed Wassenaar export restrictions on cyberweapons endanger security researchers, don't make the world any safer — Some notes about Wassenaar — So #wassenaar has infected your timeline for the past several days. I thought I'd explain what the big deal is. — What's a Wassenaar?

More: Fast Company and Engadget

Business Insider:

Founder of Silk Road drug marketplace Ross Ulbricht sentenced to life in prison, to forfeit $184M — The founder of the Silk Road drug marketplace has been sentenced to life in prison without parole — The convicted mastermind behind the world's largest online narcotics emporium …

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