Techmeme
May 25, 2017, 12:15 AM

Top News

Jessica Toonkel / Reuters:
Sources: Facebook signs deals with Vox, BuzzFeed, others for video content, paying up to $250K/episode for longer shows it will own, $10-35K for shorter shows  —  Facebook Inc (FB.O) has signed deals with millennial-focused news and entertainment creators Vox Media, BuzzFeed, ATTN …
Brian Heater / TechCrunch:
DJI debuts Spark, a drone with a palm-sized body for taking pictures and video, controllable via smartphone; preorders open today, shipping next month for $499  —  The big news at DJI's “huge Seize the Moment” event in New York City is, as expected, pretty small.
Brian Barrett / Wired:
Intel to offer Thunderbolt 3 protocol specification to chipmakers royalty free next year and integrate Thunderbolt into its CPUs  —  Nearly two years ago, Intel gave a major boost to Thunderbolt, its zippy hardware interface, by embracing USB-C, the do-it-all port that will eventually eat the world.
Natalie Gagliordi / ZDNet:
Google, IBM, and Lyft debut Istio, an open source tool for managing microservices from different vendors on cloud platforms  —  Istio gives developers a vendor-neutral way to connect, secure, manage, and monitor networks of different microservices on cloud platforms.
Facebook:
Facebook redesigns Trending Topics pages to make it easier for users to discover alternate news sources, rolling out first to iPhone users in US  —  Redesigned Trending Results Page  —  Starting today, we're introducing a redesigned Trending results page, which is the page you see when you click …
Connie Loizos / TechCrunch:
A Q&A on the process and legality of ICOs, and what they might mean for VCs  —  Over the last month, it's been hard to miss talk in the media and on social channels about initial coin offerings, or ICOs.  What are they?  Where did they suddenly come from?  Who's investing in them?
Kia Kokalitcheva / Axios:
Imzy, a “nicer Reddit” founded in 2016 by former Reddit employees, to shut down on June 23, having raised $11M  —  Imzy, a Utah-based startup that wanted to create a friendlier online community—a “nice Reddit”—said on Wednesday that it's shutting down just two years after its founding …
Charlie Savage / New York Times:
Draft legislation from the White House, which has circulated among several congressional committees, would allow US to track and destroy domestic drones  —  The Trump administration is asking Congress to give the federal government sweeping powers to track, hack and destroy any type of drone …
Frederic Lardinois / TechCrunch:
Rackspace appoints Joe Eazor, former EarthLink CEO, as its CEO, replacing interim CEO Jeff Cotten  —  Rackspace today announced that its board has appointed Joe Eazor as its new CEO, effective June 12.  Eazor will replace Rackspace president Jeff Cotten, who stepped in as the company's interim CEO …
Ian King / Bloomberg:
Sources: SoftBank has taken a $4B stake in Nvidia, representing an equity holding of 4.9%, which is just under the amount requiring a regulatory disclosure  —  Stake represents 4.9 percent of total outstanding shares  —  Holding seen moving into SoftBank's $93 Billion Vision Fund

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