Techmeme
May 26, 2016, 8:50 PM

Top News

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 …
Alexei Oreskovic / Business Insider:
Report: Snapchat's share price did not increase from last year in latest fundraising round  —  The price of Snapchat's shares were flat compared to last year in a recent fundraising round, according to a report in The Information.  —  Snapchat raised $1.81 billion in funding, the company disclosed in a filing on Thursday.
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” …
Nick Denton / Gawker:
Nick Denton challenges Peter Thiel to a public debate in open letter, says decade-long campaign by Thiel is out of proportion, asks about ultimate intent  —  Nearly a decade ago, after you had opened up to friends and colleagues, a gay writer for Gawker shared an item with the readers of Valleywag …
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 …
Andrew Ross Sorkin / New York Times:
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.
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 …
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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Earlier Picks

Devindra Hardawar / Engadget:
Barb Darrow / Fortune: