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November 19, 2015, 10:00 PM
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Leena Rao / Fortune:
Square Closes At $13.07 Per Share, Up 45% From IPO Price  —  Square's shares pop in first day of trading.  Shares of Square, the payment technology company founded and led by Twitter TWTR 1.60% CEO Jack Dorsey, closed at $13.07 per share, up 45% from its initial pricing of $9 per share Square …
Matt Levine / Bloomberg View:
Lessons from Square's IPO: all investors made at least a 20% return, the ratchet worked perfectly, and valuing companies is hard  —  Square Turns the IPO Corner  —  The initial public offering of Square was supposed to be a sign of doom for unicorns, a proof that you can't make money investing in pre-IPO tech companies any more.
Wall Street Journal:
Square pays $93M penalty to investors like Rizvi Traverse, J.P. Morgan, and others, thanks to ratchet clause in its 2014 round
Kelly Winters / Facebook:
Facebook tests tools that offer to hide ex-partners from you and limit the content they can see after breakup  —  Improving the Experience When Relationships End  —  Community Support FYI is a new series of blog posts about how we work to keep the Facebook community safe, supported and connected.
Steve Lohr / New York Times:
Google appoints Diane Greene, co-founder and former CEO of VMWare, as head of all cloud businesses as it acquires her company, Bebop  —  Google Picks Diane Greene to Expand Its Cloud Business  —  Google is playing catch-up in the booming cloud computing market, well behind the early leader, Amazon.
David Ruddock / Android Police:
LG cancels rollout of Urbane 2nd Edition LTE smartwatch due to hardware issues, says uncertain if it will launch at all  —  LG Cancels The Watch Urbane 2nd Edition LTE Indefinitely Because Of Unspecified, Complex “Hardware Issue”  —  LG reached out to us moments ago with news …
Ben Sisario / New York Times:
Sources: Adele's new album, 25, won't be available on streaming services when it's released on Friday; Adele involved in decision  —  Adele Is Said to Reject Streaming for ‘25’  —  For weeks, the music industry has been awaiting the release of Adele's new album, “25,” with a mixture of excitement and anxiety.
Patrick Wynn / Official Google for Work Blog:
Google Hangouts rolls out ability to add users without a Google account to video calls by sending an invitation link  —  Meetings made simple with guest access  —  Joining a meeting should be as easy as walking into a room.  That should be the case whether you're meeting in person, or face-to-face over video.
Jon Russell / TechCrunch:
LG partners with local banks to launch its own mobile payment service in South Korea, no word on international plans yet  —  LG Is Developing Its Own Mobile Payment Service  —  Apple Pay, Android Pay, Samsung Pay... there'll one more to add to the list soon.
Michael Gaiman / Official Android Blog:
Google Fit now tracks runs and rides, collects data from 3rd party nutrition and sleep apps like MyFitnessPal  —  Google Fit: Step up your fitness  —  When it comes to fitness, every effort counts: each step, sit-up, snack, and good night's sleep.  That's why
Ben Lovejoy / 9to5Mac:
iFixit Apple Pencil teardown reveals twin emitters to measure angle & orientation, logic board folded in half  —  No new Apple tech survives long without being taken apart by iFixit, and the Apple Pencil is no exception.  Apple didn't make it easy, however, with iFixit having to resort …
Wall Street Journal:
Activist investor Starboard asks Yahoo to sell core business instead of Alibaba stake because of concerns over large shareholder tax bill  —  Starboard Urges Yahoo to Drop Alibaba Spinoff Plan  —  Firm says risk of tax hit from spinoff too high, pushes company to sell core business

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From Mediagazer

Sara Fischer / Axios:
Source: Bari Weiss is planning to create a masthead for CBS News as part of a broader overhaul of standards and procedures

Todd Spangler / Variety:
Comcast extends Mike Cavanagh's contract through January 1, 2029, and grants a ~$35M performance-based stock package; he's set to become co-CEO in January 2026

Alex Weprin / The Hollywood Reporter:
WBD's board says it will “carefully review and consider” Paramount's revised offer, which includes a full backstop personally guaranteed by Larry Ellison

More News

Cecilia Kang / New York Times:
YouTube to pay legal fees for a few video creators who are targets of unfair DMCA takedown demands
Cleve R. Wootson Jr / The Charlotte Observer:
Operator of two sites specializing in pirated music, RockDizMusic.com and RockDizFile.com, gets three years in prison and must pay $48K restitution

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