Techmeme
November 21, 2016, 4:55 PM

Top News

Mark Gurman / Bloomberg:
Sources: Apple disbands division that develops AirPort wireless routers, which were last refreshed in 2013, and reassigns its engineers to other projects  —  Apple disbands its router division, reassigns engineers  —  Apple Inc. has disbanded its division that develops wireless routers …
Josh Constine / TechCrunch:
Instagram launches ephemeral live video that followers can watch only when it's streaming and Snapchat-style disappearing private messages  —  Instagram is combining the best of Snapchat and Periscope to help you get comfortable on camera.  Rather than overlap with Facebook Live and Messenger …
Ingrid Lunden / TechCrunch:
Oracle acquires DNS provider Dyn, the target of DDoS attacks that took many popular websites offline a month ago, for an undisclosed amount  —  A timely, if a little surprising, piece of M&A this morning from Oracle: the enterprise services company announced that it has acquired Dyn …
Sarah Perez / TechCrunch:
Google opens up Team Drives, its new product for business file sharing, to early adopters  —  Google is opening up applications to businesses interested in testing its new file-sharing product called Team Drives.  Announced earlier this fall, the focus of Team Drives is to offer companies …
Alex Kantrowitz / BuzzFeed:
How Facebook's fake news problem emerged as it emphasized real-time content, with the debut of its Share button in 2012 and hashtags and Trending in mid-2013  —  As Facebook attempted to capture the fast-moving energy of the news cycle from Twitter, and shied away from policing political content …
Jake Smith / ZDNet:
Symantec has agreed to acquire ID theft protection service LifeLock for $2.3B  —  Acquisition forms “world's largest digital safety platform for consumers and families.”  —  Symantec on Sunday agreed to acquire LifeLock, a consumer identity-theft protect service, for $2.3 billion to form the …
Anna Irrera / Reuters:
Source: blockchain startup R3 drops its fundraising goal by $50M to $150M amid news that Goldman Sachs is leaving its consortium  —  Blockchain company R3 CEV has reduced the amount it aims to raise from bank members in its first large round of equity funding to $150 million from $200 million …
Sruthi Shankar / Reuters:
Cybersecurity company Optiv filed for $100M IPO on Friday  —  Cybersecurity company Optiv Security Inc, majority owned by Blackstone Group LP (BX.N), filed with U.S. regulators for an initial public offering of its common stock on Friday.  —  The company set a nominal fundraising target …

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Mark Wilson / Co.Design: