Techmeme
August 4, 2016, 2:50 PM

Top News

New York Times:
Facebook changes News Feed to automatically detect “clickbait” headlines, rank stories lower if they “withhold or distort information”  —  Facebook says it plans to marginalize what it considers to be “clickbait” news stories from publishers in its news feed …
Devin Coldewey / TechCrunch:
Speedtest Market Report: US average broadband speeds increase 42% YoY to 54.97 Mbps, exceeding 50 Mbps for first time ever; uploads are up 51% YoY to 18.88 Mbps  —  Speedtest has released its mid-year broadband speeds report, and there's actually quite a bit of good news in there.
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.
More: GeekWire
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.
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. …
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

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Dave Teare / AgileBits Blog:
Ben Thompson / Stratechery:

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