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June 13, 2017, 4:50 PM
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Eric Newcomer / Bloomberg:
As Travis Kalanick takes leave, the company will strip him of some duties and appoint an independent chair to limit his influence, according to Holder report  —  Travis Kalanick will hand off some duties to COO, chair  —  He plans to take a leave without disclosing return date
Covington & Burling:
Report on Uber recommends board oversight committee, reevaluated cultural values, reducing alcohol use at work events, prohibiting boss-employee relationships  —  On February 19, 2017, Susan Fowler, a former engineer at Uber Technologies, Inc. ("Uber"), published a blog post detailing allegations …
Katie Benner / New York Times:
When an Uber employee sells stock back to the company under a repurchase program, Travis Kalanick gets voting rights to all of that employee's shares
Bloomberg:
Sources: Russian cyberattack on US electoral system hit voter databases and software systems in total of 39 states, prompting direct message from Obama to Putin  —  Hackers said to take measure of voting systems, databases  —  A ‘red phone’ warning to the Kremlin from Obama White House
Janko Roettgers / Variety:
Sources: Google hires Manu Gulati, who led Apple's chip development for almost eight years, as Lead SoC Architect  —  Google has hired a veteran chip architect away from Apple and is now looking to build its own chips for future versions of its flagship Pixel phone, Variety has learned from sources familiar with the hire.
Zack Whittaker / ZDNet:
In wake of WannaCry, Microsoft fixes 3 flaws affecting unsupported OSes including Windows XP and Windows Server 2003 that it initially said it wouldn't patch  —  The company previously said it would not fix three outstanding exploits, but reversed course following the ransomware attack in May.
Bloomberg:
Tim Cook says Apple is focusing on autonomous systems, which he sees as “the mother of all AI projects” and can be used for developing self-driving cars  —  For the first time, CEO elaborates on Apple's car plans  —  The company's automotive program has experienced turmoil
Jacob Kastrenakes / The Verge:
Instagram launches out of beta its Archive feature that hides old posts without deleting them  —  Instagram is releasing its Archive feature to all users today, after testing it with a smaller group of people last month.  —  The feature lets anyone on Instagram hide their old posts without deleting them.
Bloomberg:
Verizon officially closes the $4.5B Yahoo deal; combined assets form a Verizon unit called Oath led by Tim Armstrong, and Marissa Mayer steps down  —  Combined assets form Verizon unit called Oath led by Armstrong  —  Yahoo is renamed Altaba with Thomas McInerney named CEO
Dieter Bohn / The Verge:
Microsoft Surface Laptop review: balances power and thinness well, has a beautiful touchscreen, but few apps on Windows 10 S, and Alcantara fabric requires care  —  Windows heir  —  Finally.  It's a word that's famously overused in tech, and it's understandable.

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From Mediagazer

Benjamin Mullin / New York Times:
Ben Sherwood and Joanna Coles take minority stakes in The Daily Beast; Sherwood will be CEO and publisher, and Coles will be chief creative and content officer

Jake Kanter / Deadline:
Sources: the BBC plans to stop automatic annual pay increases for its highest-paid employees and instead hand them raises based on their performance

Lucy Craymer / Reuters:
New Zealand's Stuff Group signs a deal with WBD to provide WBD's New Zealand TV channel with a 6PM daily news program; WBD plans to close Newshub on July 5

More News

Earlier Picks

Andy Greenberg / Wired:
Researchers say Crash Override, which took down Ukraine's power grid, is the only known malware to have attacked physical infrastructure other than Stuxnet
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