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Techmeme
June 29, 2018, 12:55 PM
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Top News

Matthew Panzarino / TechCrunch:
Eddy Cue and Apple Maps team members describe how they are rebuilding the product from the ground up to eventually own the entire map stack, like Google does  —  The company is rolling out more detailed maps built from its own data for the first time  —  I'm not sure if you're aware, but the launch of Apple Maps went poorly.
Crystal Tse / Bloomberg:
Source: Xiaomi raises $4.7B after pricing IPO at the low end of the range at HK$17 each, valuing Xiaomi at about $54B, roughly half the company's initial goal  —  Xiaomi Corp. and some existing investors raised $4.7 billion after pricing a Hong Kong initial public offering at the low end of a marketed range …
Chloe Aiello / CNBC:
Twitter is reorganizing its teams into groups, like engineering, instead of individual products; Kayvon Beykpour, former Periscope CEO, named head of product  —  - Ed Ho, who has been on leave since May, explained in a series of tweets his decision was based largely on an unexpected family loss.
Colin Lecher / The Verge:
The California Consumer Privacy Act, one of the toughest data privacy bills in the US, has been signed into law and will go into effect in 2020  —  California lawmakers passed one of the toughest data privacy laws in the United States today, as they faced pressure from an even stronger ballot measure in the state.
Josh Constine / TechCrunch:
Instagram adds the ability to add licensed songs as background music for Stories starting today in 7 countries and says it has 400M daily Stories users  —  The right music can make a boring photo or video epic, so Instagram is equipping users with a way to add popular songs to their Stories.
Sahil Patel / Digiday:
Verizon is shutting down go90; sources say it will be discontinued by July 31 and that shows and all content rights will be returned to production partners  —  Verizon is finally calling it quits on its expensive mobile video bet, Go90.  —  The wireless communications giant is shutting …
CNBC:
ZTE replaces its board to satisfy the conditions of the deal to get the US ban lifted  —  - The management overhaul was among the conditions laid out in the settlement deal to have the ban lifted.  —  Chinese telecoms giant ZTE announced a new board on Friday in a radical management shakeup …
Inti De Ceukelaire:
Researcher: Facebook quiz maker NameTests exposed personal info of ~120M users for years, in a data leak that was fixed after the Cambridge Analytica scandal  —  Ever took a personality test on Facebook?  For years, anyone could have accessed your private information, friends, posts and photos.

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This is a Techmeme archive page. It shows how the site appeared at 12:55 PM ET, June 29, 2018.

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

Sara Fischer / Axios:
Source: Bari Weiss is planning to create a masthead for CBS News as part of a broader overhaul of standards and procedures

Todd Spangler / Variety:
Comcast extends Mike Cavanagh's contract through January 1, 2029, and grants a ~$35M performance-based stock package; he's set to become co-CEO in January 2026

Alex Weprin / The Hollywood Reporter:
WBD's board says it will “carefully review and consider” Paramount's revised offer, which includes a full backstop personally guaranteed by Larry Ellison

More News

Earlier Picks

Anthony Ha / TechCrunch:
Twitter makes its Ad Transparency Center, announced before Congressional hearings in October, available to all users
Anna Hensel / VentureBeat:
Facebook rolls out a button users can click to see the ads a Page is running, even if not targeted to the user, across Facebook, Instagram, and Messenger
Nick Statt / The Verge:
Niantic Labs, which helped develop Pokémon Go, says it will open the underlying AR platform, called Real World Engine, to third-party developers
Andrew J. Hawkins / The Verge:
Kroger, the US's largest supermarket chain, teams up with Nuro, a two-year-old self-driving startup, to launch driverless delivery service later this fall
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