Techmeme
May 29, 2016, 8:25 AM

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.
Reuters:
Sources: the Feinstein-Burr encryption bill has lost support in Congress, likely won't be introduced this year  —  After a rampage that left 14 people dead in San Bernardino, key U.S. lawmakers pledged to seek a law requiring technology companies to give law enforcement agencies a “back door” …
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 …
New York Times:
Some Silicon Valley luminaries, including Vinod Khosla and Jessica Livingston, express approval for Peter Thiel's tactics against Gawker  —  SAN FRANCISCO — After the news that one of Silicon Valley's stars secretly funded a lawsuit to bring down a gossip site, the overwhelming response …
Nick Denton / Gawker:
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 …
Nathaniel Popper / New York Times:
Researchers report vulnerabilities in Ethereum-based “VC fund” The DAO letting attackers freeze or steal cryptocurrency  —  A group of computer scientists released a paper on Friday describing a number of security vulnerabilities in a novel cryptocurrency crowdfunding project that has raised more than $100 million.
Pew Research Center:
Pew: 62% of US adults get news on social media; 66% of Facebook, 23% of Instagram, 21% of YouTube, 19% of LinkedIn users get news there  —  A majority of U.S. adults - 62% - get news on social media, and 18% do so often, according to a new survey by Pew Research Center …
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.

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