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Techmeme
May 26, 2016, 3:20 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.
TechCrunch:
Filing: Snapchat raised $1.8B in Series F round; leaked deck reveals $59M revenue in 2015, 110M DAUs in December  —  May 26, 2016, 2:59 amMay 26, 2016, 8:36 am  —  Earlier this week, we reported that the messaging app startup Snapchat was raising more money.  Now we have more updates for you.
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.
Sarah Perez / TechCrunch:
Twitch launches Clips so gamers can quickly share short videos of their favorite moments  —  Live streaming platform and gamer community Twitch is today launching a new feature that it hopes will help spread its content further afield.  The company has now debuted Clips …

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The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Katie Robertson / New York Times:
An Alabama jury finds the NYT defamed a college basketball player in a 2023 article that wrongly placed him at a deadly shooting and awards $9.25M in damages

Benjamin Mullin / New York Times:
A Seattle Times sports columnist quits, citing its repeated refusal to publish columns that went “against the grain”, including one on transgender athletes

Michael McCarthy / Front Office Sports:
OutKick founder Clay Travis launches Sport & State, offering live shows and podcasts; sources say it is valued at $100M, and Hard Rock Bet owns a 10% stake

More News

Roger Cheng / CNET:
HTC confirms it has stopped manufacturing Google's flagship tablet, the Nexus 9

Earlier Picks

Chris Welch / The Verge:
PayPal to discontinue mobile apps for Windows Phone, BlackBerry, and Amazon Fire on June 30
Barb Darrow / Fortune:
Salesforce to spend $400M on Amazon Web Services over next four years according to 10Q statement and sources
Alex Kantrowitz / BuzzFeed:
Source: Twitter curtails development of Buy button and product pages, moves commerce team to other projects
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
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