August 11, 2015, 2:05 PM

Top News

Larry Page / Google:
Google creates holding company called Alphabet with Larry Page as CEO; Sundar Pichai now CEO of Google, other subsidiaries will have own CEOs  —  Google Announces Plans for New Operating Structure  —  G is for Google.  —  As Sergey and I wrote in the original founders letter 11 years ago, “Google is not a conventional company.
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Steven Levy / Backchannel:
Buried in the Wordplay: Life Sciences Graduates From Google X  —  Buried in the Alphabet announcement was a significant piece of news: one of the new portfolio companies in Larry Page's Scrabble game is Life Sciences.  Until yesterday, the medical research operation had been one of the major …
Danny Sullivan / Marketing Land:
Jordan Novet / VentureBeat:
Source: StumbleUpon to lay off about 70 of its 100 employees this week after failing to raise new round  —  StumbleUpon lays off dozens after failing to raise new round, source says  —  Content discovery company StumbleUpon was unable to secure additional venture capital funding …
Biz Carson / Business Insider:
Zirtual, a virtual assistant startup that raised $5.5M, dissolved overnight and laid off its 400 employees via email with no warning  —  A startup blew up overnight and laid off its 400 employees via email with no warning  —  In the middle of the night, a startup that had raised $5.5 million dissolved and disappeared.
Zac Hall / 9to5Mac:
CurrentC-backer Rite Aid to reverse its stance, start accepting Apple Pay, as well as Google Wallet and Android Pay  —  CurrentC backer Rite Aid will soon start accepting Apple Pay after initially blocking it  —  [Update: Statement from CVS below the fold...]
Eriq Gardner / Hollywood Reporter:
Google, Yahoo, Facebook, Twitter, and Tumblr ask to file amicus brief in movie studio suit against MovieTube, which seeks broad site-blocking SOPA-like power  —  Tech Giants to Hollywood: Stop Trying to Resurrect SOPA  —  Google, Yahoo, Facebook, Twitter and Tumblr file a brief with the MPAA …
Dan Primack / Fortune:
E-commerce startup to seek $2B valuation in Series B next month  —  E-commerce startup to seek $2 billion valuation  —  Jet, the online e-commerce startup led by co-founder Marc Lore, is preparing to speak with prospective investors on a new Series B funding round …
Brett Howse / AnandTech:
Lenovo announces laptops with new mobile Xeon processors starting at $1599, available Q4 2015  —  Lenovo Launches New P50 And P70 Mobile Workstations With First Mobile Xeon Chips  —  Today at the SIGGRAPH 2015 Conference and Exhibition, Lenovo unveiled some new mobile workstations.

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Mark Gurman / 9to5Mac: