Techmeme

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Dan Levine / Reuters:
Oculus founder Palmer Lucky sued by former employer Total Recall Technologies for allegedly using confidential info from 2011-2012 job to build Oculus Rift   —  Founder of Facebook's Oculus hit with lawsuit  —  The founder of virtual reality glasses maker Oculus VR Inc …
May 22, 2015, 11:30 PMIn context
Joseph Menn / Reuters:
US proposes tighter export controls limiting sales of zero-day flaw information outside US without special license   —  U.S. aims to limit exports of undisclosed software flaws  —  The U.S. Commerce Department proposed new export controls Wednesday that would treat unknown software flaws …
May 21, 2015, 10:55 AMIn context
Reuters:
Ancestry.com explores sale; with 2.1M paying subscribers, accounting for 83% of its $620M revenue last year, could fetch up to $3B   —  Exclusive: Genealogy website Ancestry.com explores sale: sources  —  Ancestry.com LLC, the world's largest family history website helping users trace their heritage …
May 20, 2015, 10:25 PMIn context
Neha Dimri / Reuters:
Shopify prices IPO at $17 per share, sells 7.7M class A shares raising about $131M, valuing the company at about $1.27B   —  Canadian software maker Shopify valued at $1.27 billion at IPO price  —  Canadian e-commerce software maker Shopify Inc (SHOP.N) (SH.TO) said its U.S. initial public offering …
May 20, 2015, 9:15 PMIn context
Emily Stephenson / Reuters:
US Consumer Financial Protection Bureau orders PayPal to pay $25M in fines and refunds for signing users up for its online credit service without permission   —  US regulator says PayPal to pay $25 mln over credit product problems  —  The U.S. consumer financial watchdog on Tuesday accused PayPal …
May 20, 2015, 12:40 AMIn context
Reuters:
Apple renews contract with TomTom for digital maps, TomTom's shares rise   —  TomTom shares jump after Apple renews digital maps contract  —  Dutch navigation systems company TomTom NV said Apple Inc would continue to buy its digital maps, giving a vote confidence that sent the Dutch company's shares …
May 19, 2015, 3:55 PMIn context
Andrew Chung / Reuters:
Appeals court reverses part of Apple's $930M win against Samsung, upholds patent infringements, not trade dress dilution; $382M in damages to be reconsidered   —  US appeals court reverses part of Apple's $930 mln verdict vs Samsung  —  A U.S. appeals court on Monday reversed part …
May 18, 2015, 11:05 AMIn context
Nate Raymond / Reuters:
Alibaba sued in US by Kering, owner of Gucci and other luxury brands, over counterfeit goods   —  Alibaba sued in U.S. by luxury brands over counterfeit goods  —  A group of luxury goods makers sued Alibaba Group Holding Ltd (BABA.N) on Friday, contending the Chinese online shopping giant …
May 16, 2015, 2:25 PMIn context
Nandita Bose / Reuters:
Wal-Mart to take on Amazon Prime this summer with $50/year service that delivers select products in 3 days, invitation only for now   —  Wal-Mart challenges Amazon with unlimited shipping service for $50 per year  —  Wal-Mart Stores Inc is planning to test a new unlimited online shipping service …
May 13, 2015, 10:15 PMIn context
Teppei Kasai / Reuters:
SoftBank names Nikesh Arora president and Son's likely successor   —  Japan's SoftBank Corp unveiled a management reshuffle on Monday, appointing investments head Nikesh Arora as president and naming him as a potential successor to CEO Masayoshi Son, as the telecoms conglomerate steps up its overseas expansion.
May 11, 2015, 12:15 PMIn context

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