Techmeme

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Suzanne Woolley / Bloomberg:
Crowdfunding for medical expenses on sites like GoFundMe and YouCaring is on the rise and could grow even further if more Americans become uninsured   —  Sites such as GoFundMe and GiveForward are poised for a wave of medical appeals if Trumpcare leaves millions uninsured, and even if it doesn't.
Jun 17, 2017, 3:15 PMIn context
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.
Jun 16, 2017, 8:55 PMIn context
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
Jun 16, 2017, 7:40 PMIn context
Megan Murphy / Bloomberg:
Interview with Tim Cook on HomePod, AR, enterprise strategy, manufacturing products in the US, Donald Trump, US tax code, and more   —  Tim Cook, the CEO of Apple Inc., was interviewed in San Jose, California, on June 5 by Bloomberg Businessweek Editor Megan Murphy.
Jun 15, 2017, 6:05 AMIn context
Bloomberg:
Sources: Amazon expressed interest in acquiring Slack, in a deal that would value the company at $9B+   —  Chatroom company's value said to be at least $9 billion  —  Microsoft boosted competition with Teams chat platform  —  Corporate chatroom startup Slack Technologies Inc …
Jun 15, 2017, 2:00 AMIn context
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
Jun 13, 2017, 1:08 PMIn context
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
Jun 13, 2017, 11:20 AMIn context
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
Jun 13, 2017, 9:05 AMIn context
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
Jun 13, 2017, 7:15 AMIn context
Bloomberg:
Sources: Emil Michael believes a weak board and lax legal team at Uber, plus his friendship with Travis Kalanick, led to his ouster, not scandals   —  Emil Michael is replaced by David Richter as business head  —  CEO Travis Kalanick may take leave after series of scandals
Jun 12, 2017, 4:45 PMIn context

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