Techmeme
July 1, 2016, 11:50 AM

Top News

Jordan Golson / The Verge:
US NHTSA opens investigation into fatal accident involving Tesla's Autopilot mode; Tesla says it's the first fatality in 130M+ miles driven with Autopilot  —  A Tesla Model S with the Autopilot system activated was involved in a fatal crash, the first known fatality in a Tesla where Autopilot was active.
Wall Street Journal:
Sources: Apple in exploratory talks to acquire Tidal, Jay Z's streaming music service; Tidal held similar talks with Rhapsody last year  —  Sources say talks are ongoing and may not result in a deal  —  Apple Inc. is in exploratory talks to acquire Tidal, a streaming-music service run by rap mogul Jay Z …
Dan Primack / Fortune:
Zenefits cuts its valuation from $4.5B to $2B, will let Series C investors increase stake from 11% to 25%  —  Zenefits, the HR software startup that has accused its founder and former CEO of regulatory impropriety, is slashing its valuation to $2 billion from $4.5 billion.
Ben Lang / Road to VR:
Google adds WebVR and VR Shell to beta and dev versions of Chrome on Android, potentially allowing all websites to be viewed in VR  —  Google is working to add fully immersive browsing capability to Chrome, allowing users to browse any part of the web in VR, not just those sites that are specially built for VR.
Don Clark / Wall Street Journal:
Jury awards HP Enterprise $3B in damages from Oracle over 2011 Itanium case; Oracle to appeal  —  Legal case focused on fate of ‘Itanium’ systems  —  A jury in Silicon Valley on Thursday delivered a resounding victory to Hewlett Packard Enterprise Co. , finding that Oracle Corp. should pay …
Jeb Blount / Reuters:
Brazilian judge freezes $6.07M in Facebook bank account after WhatsApp fails to turn over messages in drug case  —  A court in Brazil on Thursday blocked 19.5 million reais ($6.07 million) in Facebook Inc funds after the U.S-based social networking company's WhatsApp messaging service failed …
Jordan Novet / VentureBeat:
eBay starts using Google's AMP technology on its mobile site to load pages faster; around 8 million AMP pages are now live  —  Ecommerce company eBay today announced that it has started using the Google-led open source Accelerated Mobile Pages (AMP) technology for more quickly displaying webpages on end users' mobile devices.
Casey Newton / The Verge:
Facebook is shutting down its Paper newsreading app on July 29th  —  Facebook is shutting down Paper, a bold reimagining of the company's flagship app for iOS that impressed critics but failed to attract a large audience, the company said today.  The app transformed the core Facebook experience …
Queenie Wong / Mercury News:
New Facebook feature will allow US users to create fundraisers for nonprofits, available to some users Thursday, rolling out to all in coming weeks  —  MENLO PARK — Looking to strike an emotional chord with potential donors, some nonprofits are turning to Facebook users to help them raise money for worthy causes.
Business Insider:
Sources: self-driving car startup Zoox closes $200M round at a $1B valuation  —  Zoox, the super-stealth self-driving-car startup, has closed a $200 million round of funding, according to a source familiar with its fundraising plans.  —  In an SEC filing on June 6, the startup said that it had raised over $100 million in equity.
Alistair Barr / Bloomberg:
Some Alphabet's “Other Bets” divisions like Verily are creating new types of stock tied to division performance to compensate and motivate employees  —  Plan removes ‘safety blanket’ from employees of growth units  —  Some staff try to return to Google to avoid riskier stock

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More News

Agam Shah / PCWorld:

Earlier Picks

Bloomberg:
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