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May 6, 2015, 2:10 PM
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Douglas MacMillan / Wall Street Journal:
Zenefits raises $500M round led by Fidelity Management and TPG, attains $4.5B valuation after just two years  —  Zenefits Tagged With $4.5 Billion Valuation After Just Two Years  —  The latest software company valued at over $1 billion doesn't make a dime selling software.
Ryan Mac / Forbes:
A profile of Frank Wang Tao, founder of the world's biggest drone company DJI, who is worth $4.5B  —  Bow To Your Billionaire Drone Overlord: Frank Wang's Quest To Put DJI Robots Into The Sky  —  Frank Wang Tao has never been arrested.  He pays his taxes on time.  And he rarely drinks.
Thanks:@bupbin
Steve Lohr / New York Times:
Paypal co-founder Max Levchin's lending startup Affirm raises $275M  —  Lending Start-Up Affirm Raises $275 Million  —  Affirm, a San Francisco-based consumer lending start-up, is adding $275 million in debt and equity to accelerate its growth plans.  —  The big Series B funding round …
Ben Popper / The Verge:
Reddit launches a video division to create original content  —  The social news service Reddit has grown to a truly massive size, garnering 170 million monthly visitors and 6.7 billion pages view this January, while maintaining a fairly bare-bones service.  It helps elevate obscure material …
Stuart Dredge / Guardian:
First consumer version of Facebook's Oculus Rift VR headset to ship Q1 2016, pre-orders to start later in 2015  —  Facebook's Oculus Rift virtual reality headset will ship in early 2016  —  After months of rumours that the first commercial model of VR headset would slip beyond 2015, company confirms the news
Antonio Regalado / MIT Technology Review:
Sources: Apple working with US researchers to offer DNA testing via ResearchKit  —  Apple Has Plans for Your DNA  —  The iPhone could become a new tool in genetic studies.  —  Of all the rumors ever to swirl around the world's most valuable company, this may be the first that could involve spitting in a plastic cup.
Greg Bensinger / Wall Street Journal:
Ex-Apple retail boss Ron Johnson launches Enjoy e-commerce site, with personal delivery and in-home setup service at no cost  —  Former Apple Retail Boss Ron Johnson Unwraps New Web Startup ‘Enjoy’  —  Ron Johnson, the former Apple retail chief who was ousted as J.C. Penney's boss two years ago …
POLITICO:
EU's digital single market initiative doesn't take a strong stand on some essential issues, such as the need for a single telecom and digital regulator
Frederic Lardinois / TechCrunch:
Google Launches Cloud Bigtable, A Very Fast NoSQL Database For The Enterprise  —  With Cloud Bigtable, Google is launching a new NoSQL database service today that, as the name implies, is powered by the company's Bigtable data storage system.  —  The added twist here is that the new service …
Ryan Lawler / TechCrunch:
Automated Savings Startup Digit Raises $11.3M From General Catalyst  —  It's only been a few short months since automated savings startup Digit opened to the public, but it's already garnered serious interest from consumers who want more money in their bank accounts, as well as investors …
More: iamWire and Fortune.  Tweets: @adamnash and @bonatsos
Shalini Ramachandran / Wall Street Journal:
As part of a $300M multi-year plan, Comcast will hire 5,500 new customer service employees, credit customers $20 if technicians are late for appointments  —  Comcast to Pay Customers $20 If Technicians Are Late as Part of Customer Service Revamp  —  Comcast is going to pay you $20 …
New York Times:
Google Ventures' Bill Maris likens the $6M cash-out by founders of portfolio company Secret to a “bank heist” in interview  —  The Lessons Google Ventures Learned From Secret  —  For many in Silicon Valley, the rapid rise and precipitous fall of Secret, the prominent start …
BBC:
EU court rules Skype's name is too similar to Britain's Sky broadcasting, preventing Microsoft from registering trademark  —  Court says Skype's name is too similar to Sky's  —  The court said Skype's logo resembled a cloud  —  Video chat software Skype's name is so similar …
AppleInsider:
Apple details new ‘AppleBot’ web crawler used by Siri and Spotlight  —  Apple has confirmed the existence of a long-rumored web crawling service — first noticed last November — and provided some details of its operations in a recently-updated support document.
Rachel King / ZDNet:
NetSuite launches new e-commerce platform, inks cloud deal with Microsoft  —  Summary:NetSuite is making considerable use of Microsoft's cloud portfolio, both internally with its workforce and externally with its developer community.  —  Building off years of development and millions …
More: Fortune
Natasha Lomas / TechCrunch:
Peruse launches natural language search tool, works with all file types, but only available for Dropbox and Box for now  —  Peruse Reads Your Spreadsheets So You Don't Have To  —  The time-consuming tedium of file search is San Francisco-based startup Peruse's jumping-off point.
Tim Ring / SC Magazine UK:
Privilege escalation flaws and a signature validation vulnerability found in Lenovo's System Update service; Lenovo issues patch  —  Updated: PC maker Lenovo exposes users to “massive security risk”  —  World number one PC maker Lenovo has been accused of running a “massive security risk” …
Chris Welch / The Verge:
Mophie's H2PRO, a $130 battery case for iPhone, protects in shallow water for up to 30 minutes  —  Mophie's latest iPhone battery case is also waterproof  —  Battery cases can prove to be a must-have for iPhone 6 owners, and the same goes for ruggedized cases that protect Apple's smartphone against the elements.
More: Engadget and mophie

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From Mediagazer

The Wrap:
The FCC votes to repeal the national broadcast ownership cap and replace it with a case-by-case review, approving the measure by a 2-1 margin

Upmanyu Trivedi / Bloomberg:
The UK Competition and Markets Authority clears Paramount's takeover of WBD, saying “after the merger, Paramount will continue to face sufficient competition”

Jaspreet Singh / Reuters:
Fox reports Q4 revenue up 28% YoY to $4.21B, above $3.64B est., ad revenue up 78% to $1.92B, driven by its World Cup broadcast and growth at Tubi; FOX jumps 5%+

More News

Alissa J. Rubin / New York Times:
French parliament advances bill to give the government broad domestic surveillance powers with little judicial oversight

Earlier Picks

Bloomberg Business:
Microsoft evaluates possible bid for Salesforce though companies are not in talks
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