Techmeme
August 14, 2016, 11:05 AM

Top News

Amir Efrati / The Information:
Sources: Lyft recently rebuffed acquisition approach from General Motors after consulting with other potential acquirers, will raise a new funding round instead  —  General Motors in recent weeks told Lyft it was interested in acquiring the company, according to a person briefed on the situation.
Nathaniel Popper / New York Times:
World Economic Forum report envisions blockchains as the “beating heart” of global finance, estimates 80% of banks will start using the technology in 2017  —  A new report from the World Economic Forum predicts that the underlying technology introduced by the virtual currency Bitcoin …
Lucia Maffei / TechCrunch:
You don't need a Google+ profile to post reviews on Play Store anymore  —  The Google Play Store will not require you to have a Google+ account to write reviews anymore.  —  In an email to TechCrunch, Google confirmed the news that “a G+ profile is no longer needed to post a review.”
Ruth Reader / Fast Company:
Crowdfunding app Tilt launches peer-to-peer payments to serve international markets neglected by Venmo  —  With $62 million in funding, Tilt may be poised to establish itself as the social payment app for a global audience.  —  James Beshara, CEO of the crowdfunding platform Tilt …
More: BetaKit and TechCrunch
Josh Constine / TechCrunch:
Facebook rolls out new code to nullify adblock workaround introduced by Adblock Plus  —  Adblock Plus launched a workaround to Facebook's ad block bypass today that ham-handedly removes posts from friends and Pages, not just ads, according to a statement provided by Facebook to TechCrunch.
Bloomberg:
The era of steeply discounted on-demand services in China is waning due to consolidation and a deepening investment drought  —  Ridiculously cheap everything-on-demand is great ... while it lasts  —  For the past year, Li Weiling has been living large on the cheap in Beijing, courtesy of deep-pocketed investors from around the world.
Mark Bergen / Recode:
Former co-workers of GV's new chief David Krane describe him as energetic and politically savvy  —  The company swapped the dreamer for the networker.  —  At the helm of its venture arm, Google swapped the dreamer for the networker.  —  Friday is the final day for Bill Maris at Google Ventures …

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