Techmeme
May 1, 2017, 6:25 PM

Top News

Tony Romm / Recode:
Trump is launching a new tech group, the American Technology Council, to “transform and modernize” the US government, led by ex-Microsoft exec Chris Liddell  —  He'll consult with executives — like the CEO of IBM — in June.  —  U.S. President Donald Trump intends to huddle …
Yahoo! Finance:
Rendering leaks of Fitbit's first smartwatch, coming fall; sources: it will have 1K-nit display, GPS, heart-rate tracking, touchless payments, Pandora streaming  —  Yahoo Finance has obtained photos of Fitbit's (FIT) first “proper” smartwatch and first-ever pair of bluetooth headphones due out this fall.
Kurt Wagner / Recode:
Alex Hardiman, formerly of the NYT, has been promoted internally to become Facebook's head of news products  —  Alex Hardiman, formerly of the New York Times, has been promoted internally to take the job.  —  Facebook made an important hire in its effort to curb false news.
Tripp Mickle / Wall Street Journal:
Apple's cash reserve has topped $250B, which is greater than Walmart or P&G's market value, and exceeds the foreign-currency reserves of UK and Canada combined  —  Tech giant's unequaled stash draws calls for buybacks, acquisitions as corporate tax shift looms
Kara Swisher / Recode:
Uber's Kalanick cancels Code Conference interview, cites delay on Eric Holder-led company culture report as reason; director Arianna Huffington will go instead  —  The embattled CEO says he has to stay at the office due to the delayed Holder report on Uber's troubled culture.
Lukas I. Alpert / Wall Street Journal:
Twitter partners with Bloomberg Media to create a 24/7 ad-supported Twitter-exclusive live video news channel, expected to start in fall  —  New Service Comes as Social-Media Firm Fights for Video Ad Dollars  —  Twitter Inc. TWTR -0.78% has found its first partner for its push into round-the-clock streaming television: Bloomberg.
Josh Constine / TechCrunch:
Facebook tests “Facebook Rewards” QR codes that appear in app and can be scanned at stores for discounts  —  Facebook wants to prove it drives brick-and-mortar foot traffic with its latest feature test.  TechCrunch has discovered a previously unreported Facebook feature where users …
More: Engadget
Joshua Jamerson / Wall Street Journal:
Sources: IAC plans to buy Angie's List in deal valuing the company at more than $500M  —  At $8.50 a share, the deal would value Angie's List at more than $500 million  —  IAC plans to buy Angie's List Inc., ANGI 0.17% combining the consumer-review site with IAC's HomeAdvisor and forming a new …
More: Seeking AlphaTweets: @scottmaustin

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Cho Mu-Hyun / ZDNet:
Josh Constine / TechCrunch: