Techmeme
August 11, 2015, 4:55 PM

Top News

Larry Page / Official Google Blog:
Google creates holding company called Alphabet with Larry Page as CEO; Sundar Pichai now CEO of Google, other subsidiaries will have own CEOs  —  G is for Google  —  As Sergey and I wrote in the original founders letter 11 years ago, “Google is not a conventional company.  We do not intend to become one.”
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Farhad Manjoo / New York Times:
Josh Constine / TechCrunch:
Facebook Brings Auto-Play Video Ads To Apps In Its Mobile Ad Network  —  Facebook's making a killing with its native, in-feed, auto-play video ads, and now it's going to let other developers earn money off them too.  Today Facebook announced that it's opening up its own best-performing ad units …
Emil Protalinski / VentureBeat:
Firefox 40 arrives with Windows 10 support, expanded malware protection, and new Android navigation gestures  —  Mozilla today launched Firefox 40 for Windows, Mac, Linux, and Android.  Notable additions to the browser include official Windows 10 support, added protection against unwanted software downloads …
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  —  EXCLUSIVE:  —  Content discovery company StumbleUpon was unable to secure additional venture capital funding …
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...]
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.
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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