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Techmeme
August 4, 2016, 1:00 PM
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Top News

Rolfe Winkler / Wall Street Journal:
Sources: mobile marketplace OfferUp to raise $120M at a $1.2B valuation in round led by Warburg Pincus  —  OfferUp valuation to jump on investment from Warburg Pincus as new apps score among smartphone users  —  An arms race is heating up to replace Craigslist, the dominant force in online classifieds the past two decades.
Elizabeth Dwoskin / Washington Post:
Apple says 27% of new hires in US last year were underrepresented minorities, up 6% since 2013, wage gap closed for females and minorities; progress still slow  —  Cupertino, Calif — Faculty and students from historically black colleges crowded onto Apple's campus this week …
Ingrid Lunden / TechCrunch:
VIPKID raises $100M Series C from Jack Ma's Yunfeng, Sequoia, and others for its platform helping to link Chinese kids with native speakers to learn English  —  As interest and investment continue to pour into the online education market, startups building platforms with a lot of traction are reaping the rewards.
Dave Teare / AgileBits Blog:
1Password debuts $2.99/month personal subscription for its hosted password sync service, previously just for teams and families  —  Today is a very exciting day in the world of passwords!  We have not one, not two, but three(!) incredible things to announce:
Gordon Mah Ung / PCWorld:
Intel recalls Basis Peak fitness watches due to overheating in its continuous heart monitor that poses a burn hazard, will turn off Basis Peak service Dec. 31  —  The serious recall leaves Intel's wearables strategy up in the air.  —  Executive Editor, PCWorld
Wall Street Journal:
Sources: Wal-Mart is in talks to buy online retailer Jet.com; one source says Jet.com could be valued at up to $3B in private markets  —  Jet.com launched one year ago and raised more than $500 million  —  Wal-Mart Stores Inc. is in talks to buy online discount retailer Jet.com Inc. …

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From Mediagazer

Fox News:
Sources: Bari Weiss faced “significant resistance” from CBS News staff after calling Alaska ballot controversy a “scandal”; staff said it was routine politics

Alex Weprin / The Hollywood Reporter:
Filing: Byron Allen sold his 10.7% Starz stake over August and September, netting a bit less than $45M; he acquired it from Steve Mnuchin's Liberty 77 for $25M

Wall Street Journal:
MGM Resorts says talks with People Incorporated are over, after each weighed buying the other; MGM amended its voting deal with People, which owns ~27% of MGM

More News

Ben Thompson / Stratechery:
Instagram Stories is copying done right: cloning the result of years of iteration, while leveraging Instagram's 500M users

Earlier Picks

Cliff Kuang / Co.Design:
Airbnb's in-house innovation lab “Samara” for experimental hospitality projects launches with a “community center” to attract tourists to little-traveled towns
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