Techmeme
June 10, 2016, 10:25 PM

Top News

Peter Kafka / Recode:
Gawker files for bankruptcy, sources say it already has a firm bid from Ziff Davis for under $100M, will fight Thiel/Hogan case and continue operations  —  Gawker and Nick Denton say they won't pay Hulk Hogan and Peter Thiel $140 million.  —  Peter Thiel is getting closer to his goal …
Julia Love / Reuters:
Sources: Amazon to launch $9.99/mo standalone streaming music service late summer/early fall  —  Amazon.com Inc is preparing to launch a standalone music streaming subscription service, placing it squarely in competition with rival offerings from Apple Inc and Spotify, according to two people with knowledge of the matter.
Tim Bradshaw / Financial Times:
Sony confirms plans to launch an upgraded PS4 with 4K support, says the console won't be unveiled next week at E3  —  Sony is developing an upgraded version of its PlayStation 4 gaming console that will offer ultra-high definition 4K resolution and richer graphics, according to the unit's chief executive …
Bloomberg:
Sources: Intel wins contract to supply modem chips for some iPhones  —  Qualcomm to remain provider of chips in China, Verizon phones  —  Qualcomm CEO had said he expected major customer to diversify  —  Apple Inc.'s next iPhone will use modems from Intel Corp., replacing Qualcomm Inc. chips …
Robert McMillan / Wall Street Journal:
Twitter notifies users of threat after millions of usernames and passwords appear online, says credentials were not stolen from Twitter computers  —  Social media service notifies users of threat after database with usernames, passwords leaked  —  Twitter Inc. has notified millions of users …
Andrew Cunningham / Ars Technica:
“Bluetooth 5” spec coming next week with 2x more range and 4x better speed  —  New standard also aims to expand usefulness of wireless beacons.  —  Bluetooth 5.0, the latest version of the ubiquitous wireless standard, is set to be announced on June 16 according to an e-mail sent by Bluetooth SIG Executive Directory Mark Powell.
Lora Kolodny / TechCrunch:
Facebook now lets users comment with a video  —  Facebook launched video comments today, a feature that acknowledges the meteoric rise and continued growth of online video creation and consumption.  —  By 2020, internet video traffic will represent 82% of all consumer internet traffic …
Jordan Novet / VentureBeat:
Yahoo will shut down its old Messenger on August 5, urges users to move to the new Messenger app they launched in 2015  —  Yahoo said today that it will be shutting down its old Messenger application on August 5.  Downloads of the old version are no longer available from Yahoo …

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Dan Seifert / The Verge: