Techmeme
October 9, 2015, 11:55 PM

Top News

Kurt Wagner / Re/code:
Twitter Is Planning Company-Wide Layoffs for Next Week  —  Jack Dorsey was named permanent CEO of Twitter on Monday, and a big reason he got the job was that as a co-founder, Dorsey isn't afraid to make the tough, necessary decisions.  He isn't wasting much time.
Dan Primack / Fortune:
“Last call!” — Valuations for later-stage tech companies are finally receding, say Silicon Valley dealmakers  —  Fear and sadness in Silicon Valley  —  Every couple of months I leave my small Massachusetts town — where most people still shop for their own groceries …
Mark Bergen / Re/code:
Google promotes Neal Mohan to SVP for ads and Hiroshi Lockheimer to SVP for Android, Chrome OS and Chromecast  —  New Google CEO Sundar Pichai Makes First Major Executive Picks  —  Sundar Pichai, Google's new CEO under the company's Alphabet restructuring, has made his first major wave …
Nitasha Tiku / BuzzFeed:
A breakdown of October 2014 fundraising documents from WeWork, which raised $400M in June 2015 at a $10B valuation  —  How WeWork Convinced Investors It's Worth Billions  —  Startups don't turn into unicorns — the buzzword for companies valued at a billion dollars or more — without a good story attached.
Sarah Perez / TechCrunch:
LogMeIn acquires LastPass for $110M in cash and another $15M in cash contingent on LastPass meeting certain milestone and retention targets  —  LogMeIn Acquires Password Management Software LastPass For $110 Million  —  With an increasing number of data breaches putting users' personal information at risk …

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