August 11, 2015, 1:25 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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Harry McCracken / Fast Company:
The Invention Of Alphabet Is The Ultimate Larry Page Move  —  When a coworker shared the news that Google was creating a new holding company called Alphabet and splitting off all its non-core activities from the Google brand, I reacted in the only rational way: I wondered for a nanosecond if it was a wonderfully wacky hoax.
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 …
Mark Gurman / 9to5Mac:
Sources explain how Force Touch on iPhone 6S will be different from Watch or MacBook, and they say it will work with the upcoming 12.9" iPad stylus  —  Force Touch on iPhone 6S revealed: expect shortcuts, faster actions across iOS  —  While Force Touch on the Apple Watch allowed Apple …
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.
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 …
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...]

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