Techmeme
April 28, 2017, 7:40 PM

Top News

Charlie Savage / New York Times:
NSA halts “about the target” collection, which picked up Americans' messages to and from people overseas that mentioned foreigners targeted for surveillance  —  WASHINGTON — The National Security Agency is stopping one of the most disputed forms of its warrantless surveillance program …
Yik Yak Blog:
Yik Yak founders confirm they are shutting down the app, and a few staffers will join Square in Atlanta  —  We started Yik Yak in 2013 because we wanted to help you connect with the people right around you on campus, whether you knew them or not.  And from the University of North Florida couple who met …
Anya George Tharakan / Reuters:
Qualcomm lowers revenue and profit forecasts for the current quarter as Apple withholds royalty payments until the legal dispute between companies is resolved  —  Qualcomm Inc slashed its current-quarter profit and revenue forecasts on Friday, amid an escalating legal battle between the chipmaker and Apple Inc.
Jeff John Roberts / Fortune:
Google and Facebook were victims of a $100M phishing scam by a Lithuanian man arrested in March 2017; both companies say they have recouped the funds  —  When the Justice Department announced the arrest last month of a man who allegedly swindled more than $100 million from two U.S. tech giants, the news came wrapped in a mystery.
Kate Conger / TechCrunch:
Uber now lets users delete accounts without contacting support, adds new privacy features for notifications, location sharing  —  Uber announced today that it will make it easier for users to delete their accounts and access their privacy settings.  Now, the company will let users delete …
Mary Jo Foley / ZDNet:
Microsoft's Surface revenues lower than expected due to both lack of product refresh and competition from its OEM partners  —  Microsoft's Surface revenues came in lower than expected in the company's third fiscal 2017 quarter due to both lack of product refresh and competition from the company's PC-maker partners.
Larry Dignan / ZDNet:
Lulu Yilun Chen / Bloomberg:
Didi Chuxing raises $5.5B to expand beyond China; the round is the largest ever for a tech company and makes Didi the world's most valuable startup after Uber  —  Didi said to raise money from SoftBank, Silver Lake and others  —  Didi is said to have become most valuable startup in Asia
CB Insights:Didi Chuxing
Katie Roof / TechCrunch:
Cloudera closes up 20%+, with a market cap of $2.3B, in its stock market debut  —  After pricing its IPO at $15 per share, Cloudera, the enterprise big data company, closed the day up more than 20 percent, at $18.09.  This also is above the range of $12 to $14 for which Cloudera was preparing.

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