Techmeme
October 9, 2015, 5:40 PM

Top News

Dan Primack / Fortune:
“Last call!” — Valuations for later-stage tech companies are finally receding, say Silicon Valley dealmakers  —  Fear and sadness in Silicon Valley  —  Every couple of months I leave my small Massachusetts town — where most people still shop for their own groceries …
Abhimanyu Ghoshal / The Next Web:
Remote computing firm LogMeIn to acquire password management service LastPass for $125M  —  LogMeIn just acquired LastPass to build one password platform to rule them all  —  Remote computing company LogMeIn announced today that it's agreed to acquire password management service LastPass …
Drew Olanoff / TechCrunch:
Google Drive and Docs are down  —  The Dog Ate Our Homework, Google Drive Is Down  —  OMG OMG OMG OMG OMG.  —  If you've noticed that Google Drive and all of the apps that save to it are acting a bit shaky today, you're not alone.  Google updated their Apps status page to show that the company is looking into reported issues.
Nitasha Tiku / BuzzFeed:
A breakdown of October 2014 fundraising documents from WeWork, which raised $400M in June 2015 at a $10B valuation  —  How WeWork Convinced Investors It's Worth Billions  —  Startups don't turn into unicorns — the buzzword for companies valued at a billion dollars or more — without a good story attached.
Kurt Wagner / Re/code:
Twitter Is Planning Company-Wide Layoffs for Next Week  —  Kimberly White / Getty Images Entertainment  —  Jack Dorsey was named permanent CEO of Twitter on Monday, and a big reason he got the job was that as a co-founder, Dorsey isn't afraid to make the tough, necessary decisions.
Andrew Chung / Reuters:
US ITC: Samsung does not infringe Nvidia graphics chip patents, another Nvidia patent is invalid  —  Samsung did not infringe Nvidia graphics chip patents: U.S. ITC  —  Samsung Electronics Co Ltd has been cleared on its use of graphics chip technology owned by Nvidia Corp without permission …
Washington Post:
Obama administration decides not to seek legislation forcing companies to decrypt data for law enforcement but doesn't disavow a legislative mandate  —  Obama administration opts not to force firms to decrypt data — for now  —  After months of deliberation, the Obama administration …

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Rene Ritchie / iMore:
Juli Clover / MacRumors: