Techmeme
August 22, 2016, 3:20 AM

Top News

Dave McClure / 500 Hats:
Expect more non-tech public companies to buy tech unicorns as a hedge against disruption  —  Yeah, There's a Bubble... But it Ain't in Tech … Everybody in the press loves to write stories about the next “Tech Bubble”.  —  Of course, they all think they've seen this movie before—twice in fact, in 2000 and in 2008.
Bloomberg:
How a Lending Club user mined the company's data to uncover shady loans made to Lending Club insiders and repeat borrowers  —  Photographer: Don Emmert/AFP via Getty Images  —  “You ready to see some crazy s**t?”  —  Bryan Sims and I were sitting in the dining room of his modest home in Portland …
TechCrunch:
Sources: seed-stage firm Rothenberg Ventures near collapse as executives depart; employees blame out-of-control spending by the firm's fame-seeking founder  —  Rothenberg Ventures, the four-year-old, San Francisco-based seed-stage venture firm, may be on the brink of implosion, say several sources close to the firm.
Takashi Mochizuki / Wall Street Journal:
Sources: Sony to debut a new PlayStation 4 standard model alongside a high-end version on September 7  —  Japanese tech company to introduce a standard and high-end version of the console next month  —  TOKYO— Sony Corp. plans to introduce a new PlayStation 4 standard model alongside …
Matt Weinberger / Business Insider:
Microsoft's Panos Panay on the evolution of Surface, from the failure of the first model with Windows RT to the trendsetting Surface Pro 4 tablet-laptop hybrid  —  On May 20, 2014, Satya Nadella — the recently appointed CEO of Microsoft — sat down next to Microsoft Surface boss Panos Panay in a packed New York City auditorium.
Tweets: @brianfagioli
Dennis K. Berman / Wall Street Journal:
Kobe Bryant and Jeff Stibel launch $100M venture capital fund based in Los Angeles, to invest in tech, media, and data companies  —  The retired NBA star and his partner today will unveil their vehicle for investing in technology, media and data companies  —  Meet Kobe Bryant, venture capitalist.
Tweets: @jasonnazar
Janko Roettgers / Variety:
Samsung to Close Milk Music on September 22  —  Samsung is finally pulling the plug on its Milk Music streaming service: The company started to notify users of Milk Music Friday that it will shut down the service on September 22.  Samsung told existing users to instead switch to Slacker, which has been powering Milk since its launch.
Wall Street Journal:
Sources: Chinese selfie app-maker Meitu files for IPO in Hong Kong, aims to raise between $500M and $1B  —  Offering will test market's competitiveness for coming Chinese startup IPOs  —  HONG KONG—One of China's most popular “selfie” app makers is preparing to raise up to $1 billion through …
More: Pocketnow
Robert McMillan / Wall Street Journal:
Ransomware attacks have quadrupled from a year ago, averaging 4K per day, and increasingly target entire networks, not just personal computers  —  Digital currency, better software help hackers hold data hostage  —  Dave Winston, crew chief with Circle Sport-Leavine Family Racing, fell victim to a ransomware attack.
More: PYMNTS.com

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