Techmeme
June 17, 2017, 2:25 AM

Top News

Amazon.com:
Amazon to buy Whole Foods Market for $13.7B in all-cash deal; John Mackey will remain CEO of Whole Foods Market, which will continue to operate stores  —  Whole Foods Market ranked #28 and Amazon ranked #2 on Fortune's 2017 list of World's Most Admired Companies
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Brad Stone / Bloomberg:
Amazon has been laying groundwork to acquire a grocery chain, and Whole Foods has a strong brand and high-income demographic that lines up with its own  —  Amazon has been laying groundwork to take over a grocery chain  —  Whole Foods has a strong brand and high-income demographic
Sarah Perez / TechCrunch:
Amazon wants to become Walmart before Walmart can become Amazon  —  The future of retail will be a combination of both online e-commerce and a brick-and-mortar retail presence - as recent moves from both Walmart and Amazon have shown, including today's back-to-back announcements from the two rivals …
Paul Sawers / VentureBeat:
Robert Frank / New York Times:
A look at Jeff Bezos' charitable donations, after he asks for ideas on philanthropy focused on “the right now”, for causes with “urgent need and lasting impact”  —  Jeff Bezos, the founder and chief executive of Amazon, is well on his way to becoming the richest person in the world …
Andy Greenberg / Wired:
North Korea's cyberattack strategy may seem erratic, but experts warn it can be effective at raising funds, creating chaos, and extending military aggression  —  NORTH KOREA IS arguably the least-understood nation on the planet.  And that also applies to its state-sponsored hackers whose global cyberattacks …
Olivia Solon / The Guardian:
Last year a Facebook bug exposed the personal profiles of 1,000+ content moderators to administrators of the groups with removed terrorist content  —  A security lapse that affected more than 1,000 workers forced one moderator into hiding - and he still lives in constant fear for his safety
Lizette Chapman / Bloomberg:
Sources: Reddit is raising funding at a valuation of around $1.7B  —  The link-sharing website bulks up with venture capital  —  Snoop Dogg, Marc Andreessen, Peter Thiel among earlier backers  —  Reddit is one of the few relics of the mid-2000s internet that has not only survived but thrived in recent years.
Tweets: @mattbors and @hkanji
Dean Takahashi / VentureBeat:
After teasing Ataribox, Atari CEO confirms company is working on a game console  —  EXCLUSIVE:  —  Atari CEO Fred Chesnais told GamesBeat in an exclusive interview that his fabled video game company is working on a new game console.  —  In doing so, the New York company might be cashing …
Michael J. de la Merced / New York Times:
Walmart to buy menswear company Bonobos for $310M; Bonobos' CEO Andy Dunn will oversee Walmart's digital brands  —  Walmart has agreed to acquire the men's clothing company Bonobos for $310 million.  —  The purchase is part of a sweeping effort by the world's largest retailer to revamp …
Benjamin Romano / Xconomy:
Intellectual Ventures spin-out Pivotal Commware, developing antenna from metamaterials for software defined radios, raises $17M Series A from Bill Gates, others  —  Pivotal Commware, a year-old metamaterials startup built inside patent licensing and invention business Intellectual Ventures …
Thanks:@bromano
 

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