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Techmeme
May 27, 2016, 9:35 PM
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Top News

Steve Kovach / Tech Insider:
Sources: Jawbone has stopped making UP fitness trackers, sold the remaining inventory to a reseller at a discount to raise cash  —  Jawbone has stopped making its UP fitness trackers and sold its remaining inventory to a third-party reseller, sources familiar with the matter told Tech Insider.
Leena Rao / Fortune:
Sources: Jawbone is trying to sell its wireless speaker business, will focus on health and wearables  —  Fitness tracker maker Jawbone has put its speaker business up for sale, according to multiple sources.  —  The company has been pitching potential buyers for its Jambox wireless speaker business …
Peter Bright / Ars Technica:
Investigation into SWIFT breach expands to 12 more banks; Symantec corroborates BAE's report that hackers used code similar to North Korean Sony hack  —  Symantec becomes the second firm to link the hack to the Sony Pictures attack.  —  The investigation into the attempted $1 billion electronic heist …
TechCrunch:
Facebook starts selling offsite ads targeting non-users too  —  Facebook's advertising network is already a colossal business — it helped the social network bring in over $5 billion in revenue in its most recent quarter alone — but it is about to take a step towards become …
Lorenzo Franceschi-Bicchierai / Motherboard:
Hacker behind LinkedIn's 117M e-mail database claims to have 360M Myspace user emails with passwords  —  There's an oft-repeated adage in the world of cybersecurity: There are two types of companies, those that have been hacked, and those that don't yet know they have been hacked.
Nick Denton / Gawker:
Nick Denton challenges Peter Thiel to a public debate in open letter, says decade-long campaign by Thiel is out of proportion, asks about ultimate intent  —  Nearly a decade ago, after you had opened up to friends and colleagues, a gay writer for Gawker shared an item with the readers of Valleywag …
Kara Swisher / Recode:
As Facebook courts publishers, the company and some of its directors decline to comment on board member Peter Thiel's funding of lawsuit against Gawker
Evan Blass / VentureBeat:
ZTE launches 5.5-inch Google Daydream-ready Axon 7 for $450 alongside its first VR headset  —  ZTE has launched its second Axon-branded flagship, the Axon 7, alongside a compatible virtual reality headset, known as ZTE VR.  The 5.5-inch, Android 6. Marshmallow-powered handset aims to deliver top …
Nick Summers / Engadget:
UK carrier Three to test 24 hour, opt-in, network level mobile ad blocking during the week of June 13  —  Three will soon trial network-level ad blocking in the UK.  Such a move was telegraphed back in February, when the carrier inked a deal with Shine, a company that specialises in the practice.
Barb Darrow / Fortune:
Intel buys computer vision company Itseez, co-founded by two former Intel researchers, in IoT and autonomous car push  —  Chip maker Intel, in its bid to expand from its core PC and server business to all manner of devices, is buying Itseez, a machine vision specialist co-founded by two former Intel techies.
Mike Masnick / Techdirt:
Big Win For Fair Use: Jury Says Google's Use Of Java API's Was Fair Use... On To The Appeal  —  This is somewhat surprising, but good: after a few days of deliberation, the jury in the redo of the Oracle v. Google case concerning Google's use of Java's APIs in Android has resulted …
More: eWeek
Joe Mullin / Ars Technica:
Jury in Oracle suit unanimously finds Google's use of Java APIs in Android was fair use; Oracle vows to appeal

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From Mediagazer

Upmanyu Trivedi / Bloomberg:
The UK Competition and Markets Authority clears Paramount's takeover of WBD, saying “after the merger, Paramount will continue to face sufficient competition”

Lucas Manfredi / The Wrap:
WBD reports Q2 revenue down 11% YoY to $8.72B, below $9.21B est., net income down 91%, ad revenue down 22%, content revenue down 26%, streaming revenue up 10%

Lillian Rizzo / CNBC:
Versant reports Q2 revenue down 4% to $1.64B, above $1.62B est., ad revenue down 1%, platforms revenue up 1%, and raises its 2026 guidance; VSNT jumps 11%+

Earlier Picks

Cade Metz / Wired:
Facebook and Microsoft partner to lay highest capacity transatlantic internet cable yet, connecting Virginia and Spain with a bandwidth of 160Tbps
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