Techmeme
August 6, 2014, 12:35 AM

Top News

New York Times:
Russian gang holds 1.2B username/password combos, stolen from 420K vulnerable websites scanned via botnet, say security researchers  —  Russian Gang Said to Amass More Than a Billion Stolen Internet Credentials  —  A Russian crime ring has amassed the largest known collection …
Kashmir Hill / Forbes:
Firm That Exposed Breach Of ‘Billion Passwords’ Quickly Offered $120 Service To Find Out If You're Affected  —  The New York Times dropped the freakiest security story since Heartbleed Tuesday, warning people that a “Russian gang has amassed over a billion passwords.”
Tweets: @lorenzofbThanks:@aatilley
Ina Fried / Re/code:
Sprint to name Marcelo Claure, board member and head of Brightstar, as its new CEO  —  Exclusive: Sprint to Name Brightstar's Marcelo Claure as CEO  —  Sprint plans to name Marcelo Claure, one of its board members and head of wireless distributor Brightstar, as its new CEO, Re/code has learned from a number of sources.
Wall Street Journal:
Sprint Abandoning Pursuit of T-Mobile  —  Sprint Corp. is ending its pursuit of T-Mobile US Inc., according to people familiar with the matter.  The company and its parent, SoftBank Corp. decided it simply would be too difficult to win approval from regulators, the people said.
Alex Sherman / Bloomberg:
Sprint to replace CEO Dan Hesse as soon as tomorrow  —  Sprint Said to End T-Mobile Talks, Plans to Name New CEO  —  Sprint Corp. (S) has ended talks to acquire T-Mobile US Inc. (TMUS), a person with knowledge of the matter said, after talks reached an impasse amid disagreements over financing and a drop-dead date for a merger.
Kevin Poulsen / Wired:
With Operation Torpedo, FBI installs “drive-by” spyware on Tor web servers to identify visitors  —  Visit the Wrong Website, and the FBI Could End Up in Your Computer  —  Security experts call it a “drive-by download”: a hacker infiltrates a high-traffic website and then subverts …
Adam Satariano / Bloomberg:
Apple, Samsung Agree to End Patent Suits Outside U.S.  —  Apple Inc. (AAPL) and Samsung Electronics Co. (005930) are starting to wind down their global patent battle.  —  The companies said in a joint statement today that they have agreed to drop all suits against each other in countries outside …
John Paczkowski / Re/code:
Apple to hold iPhone event on Sept. 9  —  Code/red: Apple to Hold iPhone Event on Sept. 9  —  New iPhones to Suck All the Air Out of the Tech News Cycle on Sept. 9 Onstage at our inaugural Code conference earlier this summer, Apple SVP Eddy Cue described the company's fall product pipeline …
Euan Rocha / Reuters:
BlackBerry completes restructuring process, expects to start recruitment in “modest numbers”  —  BlackBerry closes chapter on restructuring process : internal memo  —  (Reuters) - BlackBerry Ltd has concluded a protracted and painful restructuring process and is back on a growth footing …
BBC:
Sony gives up on selling e-readers  —  Sony has given up selling its line of Reader devices for e-books after failing to find a big enough market.  —  “We do not have plans to develop a successor Reader model at this time,” the Japanese firm told the BBC.  —  The PRS-T3 was the last version …
Emil Protalinski / The Next Web:
Justin.tv shuts down after 7 years amid reports Google is acquiring Twitch  —  Twitch today announced that the Justin.tv website, mobile apps, and APIs are no longer in service.  A very simple explanation is given for the shutdown: since rebranding the company to Twitch Interactive in February 2014 …
Kim-Mai Cutler / TechCrunch:
Felicis Raises New $96M Fund, Pledges To Always Vote Shares With Founders  —  Five to ten years ago, the notion of a super-angel, or an angel backed with a notable but still small-sized fund, was relatively new concept.  —  There were players like Aydin Senkut, Jeff Clavier and Dave McClure.

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Big Technology Podcast:
How Shein and Temu Snuck Up On Amazon -- With Louise Matsakis
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Techmeme Ride Home:
Wed. 05/29 - Did The Secret Sauce Of Google Search Just Leak?
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Roberto Baldwin / The Next Web:
Rich Trenholm / CNET: