Techmeme
May 5, 2017, 12:50 AM

Top News

Reuters:
Sources: Justice Department opens criminal probe into Uber's use of Greyball software to evade regulators  —  The U.S. Department of Justice has begun a criminal investigation into Uber Technologies Inc's use of a software tool that helped its drivers evade local transportation regulators, two sources familiar with the situation said.
CB Insights:Uber
Janko Roettgers / Variety:
Facebook says it is closing Oculus VR film studio, canceling all on-going projects, will invest in VR content produced by outside partners  —  Oculus Story Studio, the award-winning studio behind virtual reality (VR) short films like “Dear Angelica” and “Henry,” is being shut down, Facebook announced Thursday afternoon.
Iain Thomson / The Register:
Hackers exploited SS7, a protocol used by cellphone providers, to intercept two-factor codes sent to online banking customers, letting them empty bank accounts  —  O2 in Germany confirms online thefts from sour krauts  —  Experts have been warning for years about security blunders …
Arjun Kharpal / CNBC:
SpaceX details plans to launch first of 4,425 high-speed internet satellites in 2019, following two years of tests starting in 2017  —  Elon Musk's SpaceX plans to start launching satellites into orbit in 2019 to provide high-speed internet to Earth.  —  In November, the company outlined plans …
Bloomberg:
Source: YouTube to fund more than 40 original shows and movies in the next year, is in talks to produce shows budgeted at $3M-$6M per hour for Red  —  Online service sees opportunity to lure big national sponsors  —  Paid Red service gets budgets matching HBO, Showtime programs
Ken Schwencke / ProPublica:
Cloudflare shares personal information of those who complain about hosted sites like Daily Stormer; Cloudflare GC says policy lets users “face their accusers”  —  Since its launch in 2013, the neo-Nazi website The Daily Stormer has quickly become the go-to spot for racists on the internet.
Anthony Ha / TechCrunch:
Heap raises $27M Series B led by Menlo Ventures and NEA to help businesses with data analytics  —  Heap, a startup that promises a uniquely comprehensive approach to analytics, has raised $27 million in Series B funding.  —  Co-founder and CEO Matin Movassate told me Heap's vision is to “make data useful for everyone.”
Kelly Fiveash / Ars Technica UK:
Imagination Technologies starts formal dispute process with Apple, plans to sell core MIPS and Ensigma business units to focus on graphics chip division  —  British chip design firm to sell-off MIPS group to shore up beleaguered business.  —  Imagination Technologies has placed its patents row …

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