Techmeme
June 8, 2017, 1:40 PM

Top News

Tim Hardwick / MacRumors:
Teardown of new 4K 21.5-inch iMac reveals removable RAM and a modular CPU, a Kaby Lake processor that's not soldered onto the logic board  —  iFixit has published a teardown of the new 4K 21.5-inch iMac, which reveals that - surprisingly - Apple's smallest all-in-one desktop machine …
Tripp Mickle / Wall Street Journal:
Former Apple employees on how Siri's progress was crippled by lack of ambitious goals, shifting strategies, and insufficient usage data  —  Nimble competitors developed new voice-powered products for the home while Apple remained focused on its phone  —  In a 2.5-hour keynote …
Ingrid Lunden / TechCrunch:
Microsoft to acquire Israel-based cybersecurity company Hexadite, sources say for $100M, to bolster its advanced threat detection services  —  Yet more activity in the world of cybersecurity.  Microsoft today confirmed that it has acquired Hexadite, an Israeli startup that uses AI to identify and protect against attacks.
Matt Weinberger / Business Insider:
Yahoo shareholders officially approve $4.48B sale to Verizon; deal will close on June 13th  —  Yahoo's shareholders have officially approved the company's sale to Verizon for $4.48 billion.  The deal will close on June 13, 2017.  —  Once the deal closes, Yahoo and AOL will be merged into a combined entity called “Oath.”
Natasha Lomas / TechCrunch:
Sources: Verizon will cut about 15% of AOL-Yahoo staff, or as many as 2.1K jobs, after merger closes  —  The proportion of jobs being made redundant across AOL and Yahoo is around 15 percent globally, we have confirmed with our sources.  —  This shakes out to as many as 2,100 jobs being lost as part of the corporate merger.
James Vincent / The Verge:
Amazon ends its unlimited data storage plan for Amazon Drive, now offers up to 100GB for $11.99 a year or up to 1TB for $60  —  Time to check you don't have auto-renew turned on  —  Amazon has killed off its generous unlimited cloud storage deal for Amazon Drive.
Rani Molla / Recode:
Akamai: US ranks 28th in the world in mobile internet speeds with an average of 10.7 Mbps; UK takes top spot with average of 26 Mbps  —  We have slower mobile internet than Greece.  Greece!  —  The U.S. lags behind much of the rest of the developed world in mobile internet speeds, ranking 28th.
Lulu Yilun Chen / Bloomberg:
Alibaba forecasts 45% to 49% revenue growth in fiscal year 2018 compared to 35% in average analyst estimates  —  The internet titan is predicting a rise of up to 49% this year  —  Cloud, media and marketing will drive revenue expansion  —  Alibaba Group Holding Ltd. shares rose …
FinSMEs:
Yubico, maker of YubiKey hardware authentication device, raises $30M from NEA, others  —  Yubico, a provider of authentication and encryption hardware for the modern web, raised $30M in in combined secondary and new issue funding.  —  Backers included New Enterprise Associates (NEA), the Valley Fund, and Bure.
More: TechCrunch and Yubico

Sponsor Posts

Microsoft:
Ariela Suster expands her mission of violence prevention  —  Entrepreneur takes tech to the next level giving men in El Salvador an alternative to gangs.
eero:
eero data report  —  Read about trends in connected device adoption, usage patterns and behaviors from 10 major metropolitan areas.
Intercom:
From signed up to satisfied  —  Getting new users is easy; keeping them is hard.  Join Intercom co-founder Des Traynor as he explains how to bridge the gap between a company's initial traction and sustained success.
Zoho:
Zoho Docs — better documentation for enhanced patient care  —  “A hospital in Rhode Island performed three brain surgeries on the wrong side of the brain in less than a year.”  -NBC News
Worldpay:
Join us at the Web Executive Forum on Nov 8th  —  We're moderating an awesome panel on the future of web payments.  See the full event agenda and register here.
 

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Kara Swisher / Recode: