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June 12, 2018, 12:00 PM
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Top News

Dan Primack / Axios:
Sources: e-scooter company Bird is seeking to raise ~$200M in new funding at a $2B valuation; just three months ago the startup raised at a $300M valuation  —  E-scooter company Bird is seeking to raise around $200 million in new funding at a $2 billion valuation, according to multiple sources.
Richard Nieva / CNET:
Congress releases Facebook's written responses to follow-up questions from Mark Zuckerberg's April testimony; Facebook says it received 2,000+ questions  —  Facebook CEO Mark Zuckerberg answered a lot of questions when he testified before Congress in April.
Josef Adalian / Vulture:
Inside Netflix's original content efforts as it spends $8B this year: “It's 70 percent gut and 30 percent data”, says Ted Sarandos  —  “What do you think about gas in the tank for the long term?” asks Cindy Holland, Netflix's vice-president of original content.
Josh Constine / TechCrunch:
Uber unveils Uber Lite, a low-data app just 5MB in size for developing markets that shows maps only on request, coming to India first  —  “The next hundreds of millions of riders for us are going to come from outside of the United States", Uber's head of rider experience Peter Deng tells me.
Natasha Lomas / TechCrunch:
Swedish video-based call-a-doctor service Kry raises $66M Series B led by Index Ventures to finance further expansion in Europe  —  Swedish telehealth startup Kry has closed a $66 million Series B funding round led by Index Ventures, with participation from existing investors Accel, Creandum, and Project A.
Taylor Hatmaker / TechCrunch:
Instagram adds shopping tags directly into Stories, so now users can tap a shopping bag icon to learn more about buying a particular item  —  Instagram's shoppable tags are about to pop up in Stories.  The company first started testing the feature back in 2016 with a limited set of 20 partners.
More: CNBC and Engadget
Robert Triggs / Android Authority:
USB Type-C has become a mess of compatibility issues, conflicting proprietary standards, and lacks sufficient consumer information to guide purchasing decisions  —  6.6K  —  USB Type-C was billed as the solution for all our future cable needs, unifying power and data delivery with display …
Jon Russell / TechCrunch:
Coinbase announces plans to add support for Ethereum Classic, a fork of the Ethereum token, in the coming months  —  Coinbase may be one of the most-lauded crypto exchanges, but it supports just four coins right now which is far fewer than most others.  That's about to change a little …
Mitchel Broussard / MacRumors:
Snapchat unveils Clear Chats, a feature that lets users delete Snapchat messages even after sending them, whether in individual or group chat

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The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Amy Graff / SFGATE:
KQED, a Bay Area NPR and PBS affiliate, is initiating buyouts, and may have layoffs or a hiring freeze; in 2023, revenue hit $90.4M and expenses $100.9M

Elle Griffin / The Elysian:
Penguin vs. DOJ transcripts: top publishing houses spend most of their money on book advances for big celebrities like Britney Spears and franchise authors

Isabela Raygoza / Billboard:
RIAA: Latin music revenue in the US grew 16% YoY to $1.4B in 2023, with total streaming revenue up 17% to $1.3B and paid subscription revenue up 21% to $915M

More News

Jeff Grubb / VentureBeat:
Valve will bring Steam to China with help of Chinese publisher Perfect World; no launch date has been announced

Earlier Picks

Sean Lyngaas / Cyberscoop:
FBI announces arrest of 74 people, who allegedly hijacked bank transfers using email fraud, and recovery of ~$14M; 29 of the suspects were in Nigeria, 42 in US
Makena Kelly / The Verge:
A look at what happens now that net neutrality rules have been rolled back, including its immediate implications and legal pushback
Sarah Perez / TechCrunch:
Facebook launches a new section called Memories to highlight old content, similar to the On This Day feature but more extensive
Doina Chiacu / Reuters:
US Treasury sanctions three Russian individuals and five firms, saying they helped Russia conduct cyberattacks, including NotPetya, against US and its allies
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