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May 26, 2016, 5:40 PM
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Joe Mullin / Ars Technica:
Jury in Oracle suit unanimously finds Google's use of Java APIs in Android was fair use; Oracle vows to appeal  —  Oracle has spent many millions trying to get a chunk of Android, to no avail.  —  SAN FRANCISCO—Following a two-week trial, a jury has found that Google's Android operating system does …
TechCrunch:
Filing: Snapchat raised $1.8B in Series F round; leaked deck reveals $59M revenue in 2015, 110M DAUs in December  —  Earlier this week, we reported that the messaging app startup Snapchat was raising more money.  Now we have more updates for you.  An SEC filing has been made today …
Andrew Ross Sorkin / New York Times:
Peter Thiel acknowledges he spent around $10M to fund a team of lawyers to help Gawker “victims” like Hulk Hogan sue the company, in act of “deterrence”  —  A billionaire Silicon Valley entrepreneur was outed as being gay by a media organization.
Kara Swisher / Recode:
As Facebook courts publishers, the company and some of its directors decline to comment on board member Peter Thiel's funding of lawsuit against Gawker  —  And there will also likely be no action, either.  —  Here's a very good question swirling around Silicon Valley and the media universe today …
Financial Times:
Sources: Apple had preliminary discussions about buying Time Warner last year as spending on original content set to increase  —  A top Apple executive raised the prospect of the iPhone maker buying Time Warner at a meeting with the owner of HBO, CNN and Warner Brothers, according to three people who were briefed on it.
Cade Metz / Wired:
Facebook and Microsoft partner to lay highest capacity transatlantic internet cable yet, connecting Virginia and Spain with a bandwidth of 160Tbps  —  Facebook and Microsoft are laying a massive Internet cable across the middle of the Atlantic.  —  Dubbed MAREA—Spanish for “tide” …
Ken Yeung / VentureBeat:
Twilio publicly files for IPO, seeks listing on NYSE under ticker symbol TWLO; filing reveals $166.92M in revenue and $35.5M net loss in 2015  —  Twilio has filed paperwork with the Securities and Exchange Commission (SEC) to go public.  The telecommunications platform seeks to raise …
Devindra Hardawar / Engadget:
HP goes big on gaming with new Omen laptops and desktop  —  HP gave us a brief taste of the legendary Voodoo PC gaming brand with its Omen laptop over nearly two years ago.  Now, the company is bringing the Omen name to all of its gaming hardware — a new lineup of laptops and desktops, as well as a 32-inch quad-HD monitor.
Kurt Wagner / Recode:
Twitter execs Jana Messerschmidt, head of business development, and Nathan Hubbard, head of media and commerce, are planning to leave the company  —  Jana Messerschmidt (business development) and Nathan Hubbard (media) are exiting.  —  Two top Twitter executives — Jana Messerschmidt …
Wall Street Journal:
Lenovo Q4 profit up 80% to $180M but revenue falls 24% to $9.13B YoY as PC demand slows  —  First-quarter profit up drastically, helped by cost cuts  —  HONG KONG—A year and a half ago, Lenovo Group Ltd. spent $5 billion to buy itself into growth sectors as the personal-computer market slowed.

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From Mediagazer

Mark Sweney / The Guardian:
Ampere Analysis: UK streaming subscribers on ad-supported tiers will reach 26.5M by the end of 2025, surpassing the 23.1M ad-free subscribers for the first time

The Guardian:
The UK has spent more than £500K since 2024, including £350K by the Department for Education, on 215 influencers to promote government campaigns

Daniel Thomas / Financial Times:
As the BBC fights Trump's $10B lawsuit and ITV plans to combine its broadcasting business with Sky in 2026, a look at the slow death of the UK's TV channels

More News

Earlier Picks

Roger Cheng / CNET:
HTC confirms it has stopped manufacturing Google's flagship tablet, the Nexus 9
Chris Welch / The Verge:
PayPal to discontinue mobile apps for Windows Phone, BlackBerry, and Amazon Fire on June 30
Barb Darrow / Fortune:
Salesforce to spend $400M on Amazon Web Services over next four years according to 10Q statement and sources
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