Techmeme
June 30, 2015, 9:55 AM

Top News

Wall Street Journal:
AOL to take over Microsoft ad sales for display, mobile, and video in US and 8 other markets; Bing to replace Google on AOL for search and search advertising  —  AOL Takes Over Majority of Microsoft's Ad Business, Swaps Google Search For Bing  —  Microsoft Corp. is stepping back from the advertising business in a big way.
Danny Sullivan / Marketing Land:
Microsoft exec says Bing is a multibillion dollar business that pays for itself  —  Search Beats Display: Microsoft Says Bing Is Sustainable & Standalone Multibillion Dollar Business  —  A rare reveal as Microsoft exit the display ads business highlights what a powerhouse Bing search apparently is.
Bloomberg Business:
Term sheet for Uber's convertible bond sale reveals the company saw 300% YoY growth and generated $470M in operating losses on $415M in revenue  —  Uber Bonds Term Sheet Reveals $470 Million in Operating Losses  —  Uber Technologies Inc. is telling prospective investors that it generates $470 million …
Walt Mossberg / Re/code:
Apple Music first look: rich in features, smooth iTunes integration with good curated suggestions, but has no lyrics and is complicated  —  Apple Music First Look: Rich, Robust — But Confusing  —  Paid streaming music has arrived on Planet Apple, where it was regarded as unworthy for years.
Glyn Moody / Ars Technica UK:
EU plans to destroy net neutrality by allowing Internet fast lanes  —  Potentially a big defeat for EU internet users, online startups and future innovation.  —  A two-tier Internet will be created in Europe as the result of a late-night “compromise” between the European Commission, European Parliament and the EU Council.
Natasha Lomas / TechCrunch:
Amazon Takes Prime Now Outside U.S., Opens One-Hour Delivery In London  —  Amazon has expanded its one-hour delivery service for Prime members to parts of central London.  An update to the Prime Now app notes the services is now “available in selected London postcodes”.
Klint Finley / Wired:
GitHub has become the go-to centralized repository for software, but its freemium model, like SourceForge's, is bound to come under pressure  —  The Problem With Putting All the World's Code in GitHub  —  The ancient Library of Alexandria may have been the largest collection of human knowledge in its time …
More: Liveblog
Sarah Perez / TechCrunch:
Shazam Takes On Apple Music Connect With New Social Features Aimed At Musicians And Their Fans  —  Music discovery platform Shazam is today rolling out a new feature in partnership with over two dozen artists that will allow Shazam users to see which songs their favorite musicians are listening to on the service.
Thomas Fox-Brewster / Forbes:
Inside China's thriving iPhone jailbreaking market  —  Of Ma And Malware: Inside China's iPhone Jailbreaking Industrial Complex  —  In late March a handful of the western world's best-known iPhone hackers were flown business class to Beijing.  They were put up in the five-star Park Hyatt …
Alex Wilhelm / TechCrunch:
Uber Acquires Part Of Bing's Mapping Assets, Will Absorb Around 100 Microsoft Employees  —  Uber will acquire assets from Microsoft Bing, including roughly 100 employees focused on the product's image collection activities.  In short, Uber is absorbing data-collection engineers from Microsoft to bolster its own mapping work.

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