Techmeme
August 8, 2016, 1:45 PM

Top News

Mark Gurman / Bloomberg:
Sources: new iPhones to be unveiled next month with haptic feedback on the home button, no headphone jack, and a dual-camera system on the larger model  —  Apple shifts from two-year redesign cycle for latest models  —  New camera on larger phone sharpens low-light photographs
Walmart:
Walmart to buy Jet.com for $3B in cash and $300M in stock  —  Deal Positions Walmart for Expanded e-Commerce Growth and Customer Reach  —  Wal-Mart Stores, Inc. and Jet.com, Inc. today announced they have entered into a definitive agreement for Walmart to acquire Jet for approximately $3 billion in cash …
Jason Del Rey / Recode:
Sources: Jet CEO Marc Lore will run Walmart's US e-commerce operations after the acquisition closes  —  Jet.com CEO Marc Lore will also run Walmart.com  —  Walmart, the world's largest retailer, announced it will acquire two-year-old online retailer Jet.com for $3.3 billion in cash and stock …
Todd Spangler / Variety:
Hulu phases out its own free streaming service, inks deal with Yahoo to provide TV episodes to Yahoo View, Yahoo's new ad-supported TV streaming site  —  Hulu inks deal with Yahoo to provide free, ad-supported episodes of TV shows  —  Hulu is moving to an all-subscription model …
Zack Whittaker / ZDNet:
Researchers disclose four Qualcomm chipset driver flaws dubbed “Quadrooter” allowing malicious apps to gain root access on Android phones with Qualcomm chipsets  —  All versions of Android are vulnerable to these flaws, which won't be fully patched until the September security release next month.
Sam Byford / The Verge:
Nikkei:
Sources: Amazon Japan raided by Japan's Fair Trade Commission on anti-trust grounds, suspected of having forced price-fixing on partners  —  TOKYO — Amazon Japan's offices were raided by Japan's anti-monopoly watchdog agency on suspicion of having unfairly forced retailers to favor …
More: USA Today and Reuters
Paul Sawers / VentureBeat:
Open-source video platform Kaltura raises $50M from Goldman Sachs, confirms plans to IPO  —  Open-source video platform Kaltura has raised $50 million from Goldman Sachs, as the New York-based technology company finally confirmed its plans to go public.  —  Founded in 2006 …
Rich / Securosis Highlights:
Apple's bug bounty program is a good start, focuses on finding high-quality exploits in a few key areas on iOS and iCloud, will grow and evolve over time  —  It should surprise no one that Apple is writing their own playbook for bug bounties.  Both bigger, with the largest potential payout I'm aware of …

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eero:
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TechCrunch Disrupt SF:
Catch the founder & CEO of Revolut at Disrupt SF  —  Nikolay Storonsky took his company from a $350 million valuation to a $1.7 billion valuation in under six months.  Hear how he did it at Disrupt SF this September.

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