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Techmeme
May 26, 2016, 12:20 PM
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Top News

Andrew Ross Sorkin / New York Times:
Peter Thiel acknowledges he spent around $10M to fund a team of lawyers to help Gawker “victims” like Hulk Hogan sue the company, in act of “deterrence”  —  A billionaire Silicon Valley entrepreneur was outed as being gay by a media organization.
Financial Times:
Sources: Apple had preliminary discussions about buying Time Warner last year as spending on original content set to increase  —  A top Apple executive raised the prospect of the iPhone maker buying Time Warner at a meeting with the owner of HBO, CNN and Warner Brothers, according to three people who were briefed on it.
Devindra Hardawar / Engadget:
HP goes big on gaming with new Omen laptops and desktop  —  HP gave us a brief taste of the legendary Voodoo PC gaming brand with its Omen laptop over nearly two years ago.  Now, the company is bringing the Omen name to all of its gaming hardware — a new lineup of laptops and desktops, as well as a 32-inch quad-HD monitor.
Wall Street Journal:
Lenovo Q4 profit up 80% to $180M but revenue falls 24% to $9.13B YoY as PC demand slows  —  First-quarter profit up drastically, helped by cost cuts  —  HONG KONG—A year and a half ago, Lenovo Group Ltd. spent $5 billion to buy itself into growth sectors as the personal-computer market slowed.
Josh Constine / TechCrunch:
Reddit launches image uploads, ditching alliance with Imgur  —  Reddit never let you upload images, until now.  That could dismantle Reddit's informal alliance with image-sharing community Imgur.  That's where Redditors would typically post their images or GIFs and then share the links on Reddit.
Barb Darrow / Fortune:
Salesforce to spend $400M on Amazon Web Services over next four years according to 10Q statement and sources  —  We knew Salesforce and Amazon Web Services were getting cozy, ever since Salesforce's recent earnings call when its chief executive, Marc Benioff, effusively praised Amazon's cloud unit.
Alex Kantrowitz / BuzzFeed:
Source: Twitter curtails development of Buy button and product pages, moves commerce team to other projects  —  Jack Dorsey puts Dick Costolo-era project on backburner as Twitter refocuses on core product.  —  Twitter has curtailed product development on its ‘Buy’ button and product pages …
BBC:
Foxconn replaces 60K factory workers with robots, denies that it means long-term job losses  —  Apple and Samsung supplier Foxconn has reportedly replaced 60,000 factory workers with robots.  —  One factory has “reduced employee strength from 110,000 to 50,000 thanks to the introduction of robots” …

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From Mediagazer

The Wrap:
The FCC votes to repeal the national broadcast ownership cap and replace it with a case-by-case review, approving the measure by a 2-1 margin

Lucas Manfredi / The Wrap:
Paramount commits to keep UK linear channels separate from streaming, maintain news and kids' networks' editorial independence, and boost Channel 5 funding

Jaspreet Singh / Reuters:
Fox reports Q4 revenue up 28% YoY to $4.21B, above $3.64B est., ad revenue up 78% to $1.92B, driven by its World Cup broadcast and growth at Tubi; FOX jumps 5%+

More News

Roger Cheng / CNET:
HTC confirms it has stopped manufacturing Google's flagship tablet, the Nexus 9
Chris Welch / The Verge:
PayPal to discontinue mobile apps for Windows Phone, BlackBerry, and Amazon Fire on June 30

Earlier Picks

Reuters:
Senior Indian government official says Apple must oblige by foreign retailer rules and sell 30% locally-sourced goods if it intends to open stores in India
Jordan Crook / TechCrunch:
Uber and Foursquare sign global, multi-year agreement to license Places data, meaning customers will no longer have to know the exact address of venues
Bloomberg:
Sources: Google is aiming to reduce Android fragmentation by pressuring carriers, OEMs into pushing out updates more quickly
Tom Warren / The Verge:
Report: Microsoft to announce a basic Chromecast-like Xbox streaming device and a more advanced option at E3
Ingrid Lunden / TechCrunch:
Microsoft is laying off 1,850 to “streamline” its smartphone business, takes $950M charge
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