Techmeme
June 18, 2016, 2:30 PM

Top News

Nathaniel Popper / New York Times:
Hacker siphoned $50M+ worth of Ether from The DAO project; the funds are frozen as Ethereum project leaders debate code change to recover the lost Ether  —  A hacker appears to have moved digital money worth more than $50 million from an experimental virtual currency project that recently raised …
Matt Levine / Bloomberg:
The “theft” of Ethereum from the DAO violated the DAO's intent, but not its smart contract, exposing tensions between blockchain idealism and real world systems  —  There's a fairly incredible trial going on in London right now.  The Libyan Investment Authority is suing Goldman Sachs …
Eva Dou / Wall Street Journal:
Apple ordered to stop iPhone 6, iPhone 6 Plus sales in Beijing, as regulator finds it violated design patent; Apple says devices are still on sale during appeal  —  Intellectual property regulator rules the design is too similar to a Chinese phone  —  BEIJING—Beijing's intellectual property regulator …
Seth Fiegerman / Mashable:
Behind the scenes at Tumblr after the Yahoo acquisition: new competition, a $240M writedown in February, and an uncertain future  —  After Marissa Mayer promised ‘not to screw it up’  —  Marissa Mayer was running late.  This time, it wasn't for a dinner with skeptical advertisers nor …
Douglas MacMillan / Wall Street Journal:
How Marissa Mayer's spending at Yahoo to spur growth, in defiance of deals with activist investors to cut costs, led to auction of core assets, board shakeup  —  Embattled CEO failed to produce pledged savings, plunged deeper into turnaround; more room in the parking lot
Charlie Warzel / BuzzFeed:
Sources: Due to objections from Apple and others, Unicode did not approve a suggested rifle emoji in the latest Unicode 9 update coming this June  —  You can currently purchase a semi-automatic rifle in a major U.S. city in just seven minutes, but don't expect to text someone a rifle emoji anytime soon.
Nathan Donato-Weinstein / Silicon Valley Business …:
Yahoo sells 48.6-acre Santa Clara site for $250M to LeEco, a Chinese company planning US video streaming service and smartphone launches later this year  —  Chinese tech company LeEco has completed the acquisition of Yahoo's nearly 50-acre development site in Santa Clara …
Jordan Novet / VentureBeat:
Snapchat is launching Real Life, a post-per-day digital publication about living with technology, on June 27, with Nathan Jurgenson as editor in chief  —  Snapchat doesn't just care about video.  —  The company is behind a new online magazine called Real Life, which will publish roughly …
Andy Chalk / PC Gamer:
Twitch files lawsuit against seven makers of “view-bots, follow-bots, chat-impersonation bots” designed to artificially inflate the viewer and follower counts  —  The legal hammer is being dropped on seven of the most prolific bot-makers.  —  Twitch has filed a lawsuit …

Sponsor Posts

Microsoft:
Showcasing Industrial IoT innovations at Hannover Messe 2018  —  This week at the world's largest industrial fair, customers and partners display how they're betting on Microsoft, from cloud to edge devices.
eero:
eero: your first line of defense against security breaches.  —  Thanks to our automatic and regular software updates as well as a number of other security measures built into our devices and software …
Internet Association:
Here They Come: A Look At The Future Of Cities In The Internet Age  —  The purpose of the report is to highlight and draw lessons from cities that are actively pursuing a greater integration of technology into their economies, environments, and policymaking.
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Katherine Noyes / PCWorld: