Techmeme
May 16, 2016, 1:55 PM

Top News

Luke Wroblewski / Official Google Blog:
Google announces Spaces, a new app for small group sharing around any topic, for Android, iOS, and web  —  Group sharing isn't easy.  From book clubs to house hunts to weekend trips and more, getting friends into the same app can be challenging.  Sharing things typically involves hopping between apps to copy and paste links.
Lauren Pollock / Wall Street Journal:
Filing: Warren Buffett's Berkshire Hathaway owned 9.81M Apple shares on March 31, valued at $1.07B  —  Legendary investor, who previously avoided technology stocks, also slightly increases position in IBM  —  Warren Buffett's Berkshire Hathaway Inc. took a new position in Apple Inc. in the first quarter …
Greg Bensinger / Wall Street Journal:
Source: Amazon to debut new lines of private label products, including perishable foods and household items, for Prime members only in coming weeks  —  The first of the brands could appear on the company's website in coming weeks  —  Amazon.com Inc. in the coming weeks is set to roll …
Emil Protalinski / VentureBeat:
Google plans to make Flash plugin click-to-play by default in Chrome in Q4'16, rendering HTML5 instead when available, except for 10 top sites relying on Flash  —  Google has outlined a plan to push HTML5 by default in Chrome, instead of Flash.  In Q4 2016, the company plans to only serve Flash …
Patrick Foster / Telegraph:
Sources: BBC working on subscription streaming service to rival Netflix, dubbed Britflix, delivered via iPlayer; ITV and NBC Universal are involved  —  The BBC is to push ahead with plans to launch a British rival to Netflix, after getting the go-ahead from the government to develop a new subscription streaming service.
Ellen Huet / Bloomberg:
On-demand startups increasingly touting forms of “profitability” that exclude key expenses  —  Facing a tougher fundraising environment, on-demand companies are touting financial metrics to show the health of their businesses—using whichever definition looks rosiest.
Jon Russell / TechCrunch:
Didi Chuxing, China's largest taxi on-demand firm, denies plan for U.S. IPO in 2017  —  Didi Chuxing, the ride-sharing firm that leads Uber in China, has denied a report that it plans to go public in the U.S. next year.  —  Just days after Didi announced a landmark $1 billion investment from Apple …

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