Techmeme
June 21, 2018, 9:00 AM

Top News

Josh Constine / TechCrunch:
Instagram debuts IGTV, a hub for high-profile creators, and says it will begin letting users upload videos up to an hour long, up from previous one-minute limit  —  Instagram is ready to compete head on with YouTube.  Today at a flashy event in San Francisco, the company announced …
Juli Clover / MacRumors:
Car consortium that includes Apple, Samsung, BMW, and others announces Digital Key Release 1.0, a standard for NFC-enabled digital car keys for mobile devices  —  The Car Connectivity Consortium (CCC), an organization that includes Apple, today announced the publication of a new Digital Key …
Marrian Zhou / CNET:
Microsoft says it does not have any plans for VR or mixed reality support for Xbox consoles  —  Microsoft's plans to include virtual reality in Xbox game consoles are virtually over.  —  The software giant told GamesIndustry.biz it isn't working on VR support for its popular Xbox console …
Polina Marinova / Fortune:
Sources: nonprofit financial platform Stellar in talks to buy Chain, a startup building blockchain tech for the finance industry, for $500M in Stellar's Lumens  —  Stellar is in talks to acquire Chain, the San Francisco-based startup building blockchain technology for the financial industry, according to people familiar with the deal.
More: SludgeFeed
Taylor Soper / GeekWire:
Microsoft to acquire Bonsai, which had raised $13.6M and helps add AI capabilities to firms' systems; Bonsai's 42 staff to join Microsoft's AI and Research unit  —  Microsoft is adding more firepower to its artificial intelligence arm.  The tech giant has agreed to acquire Bonsai …
Katherine Krueger / Splinter:
Twitter temporarily suspended some accounts that simply linked to a Splinter post that shared a phone number for White House adviser Stephen Miller  —  This morning, Splinter published the personal cell phone number of White House adviser Stephen Miller, an official so monstrous …
Marguerite Reardon / CNET:
California lawmakers advance a net neutrality bill implementing some protections but not a proposed zero-rating ban that went beyond the FCC's 2015 regulations  —  California will not be the poster child for the nation's strongest set of net neutrality protections, as lawmakers …
Robert Ferris / CNBC:
Tesla sues former employee Martin Tripp for allegedly exporting gigabytes of confidential data, after Musk sent memo saying an ex-staffer committed sabotage  —  - Tesla is suing former process engineer Martin Tripp for allegedly illegally exporting data and making false claims to reporters.
Supraja Srinivasan / The Economic Times:
Indian food delivery service Swiggy raises $210M round led by DST Global and Naspers, sources say at a $1.2B+ valuation, bringing its total raised to $466M+  —  The additional capital will be used by Swiggy to ramp up its supply chain network and expand to new markets
Josh Constine / TechCrunch:
Facebook begins letting Group admins test a feature that charges members $4.99 to $29.99 per month for access to exclusive sub-groups  —  Facebook is starting to let Group admins charge $4.99 to $29.99 per month for access to special sub-Groups full of exclusive posts.
Joshua Brustein / Bloomberg:
Match Group, which runs dating services including Tinder and OKCupid, says it's bought a controlling stake in rival app Hinge, after first investing last year  —  - The company first invested in Hinge in September 2017  — As Facebook looks to enter industry, Match builds its brands
Patricia Zengerle / Reuters:
Bipartisan group of US lawmakers sends Google a letter questioning why it stopped Project Maven collaboration but continues to work with China's Huawei  —  WASHINGTON (Reuters) - A group of Republican and Democratic U.S. lawmakers asked Alphabet Inc's (GOOGL.O) Google on Wednesday to reconsider …
Rani Molla / Recode:
Dealogic data: US tech companies have issued $13.4B in convertible bonds in 2018 so far, up from $9B in 2017, as they seek to avoid dilution and issuing stock  —  Twitter is the latest in a long line of tech companies issuing record amounts of convertible bonds.

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