Techmeme
June 13, 2017, 3:10 AM

Top News

Bloomberg:
Sources: Emil Michael believes a weak board and lax legal team at Uber, plus his friendship with Travis Kalanick, led to his ouster, not scandals  —  Emil Michael is replaced by David Richter as business head  —  CEO Travis Kalanick may take leave after series of scandals
Mike Isaac / New York Times:
Emil Michael, Uber's senior vice president for business and second in command at the ride-hailing company, announces his departure in email to employees  —  SAN FRANCISCO — Emil Michael, Uber's senior vice president for business and second in command at the ride-hailing company …
Eric Newcomer / Bloomberg:
Sources: Uber adds Nestlé executive and Alibaba board member Wan Ling Martello to its board, after Holder probe recommended more independent directors  —  Company adds Martello, a Nestle exec and Alibaba board member  —  Independent probe recommended more independent directors
Andy Greenberg / Wired:
Researchers say Crash Override, which took down Ukraine's power grid, is the only known malware to have attacked physical infrastructure other than Stuxnet  —  AT MIDNIGHT, A week before last Christmas, hackers struck an electric transmission station north of the city of Kiev …
Ryan Lawler / TechCrunch:
Online finance startup SoFi has applied for a new-bank charter under the name of SoFi Bank to offer FDIC-insured account and credit-card product  —  In May, SoFi CEO Michael Cagney told TechCrunch the company would be applying for a bank charter “in the next month.”
Sarah Perez / TechCrunch:
Zelle, the real-time Venmo competitor backed by 30+ US banks, arrives this month embedded in apps of participating banks; standalone app coming later this year  —  The U.S. banking industry's answer to Venmo has now arrived.  Starting this month, a new, person-to-person payments network called Zelle …
Stan Higgins / CoinDesk:
Bancor, a platform for launching blockchain tokens, raises ~$150M in largest-ever ICO  —  An initial coin offering (ICO) for a blockchain project called Bancor has set a new industry record, raising approximately $153m in ether, the native currency on the ethereum blockchain, as part of a crowdsale that concluded today.
Todd Bishop / GeekWire:
Amazon rolling out update to Alexa app that allows users of its voice-calling feature to block specific contacts  —  Amazon is rolling out an update to its Alexa app that lets users of its voice-calling feature block specific people from calling them using the company's voice-activated assistant.
More: The Verge
Josh Constine / TechCrunch:
Snapchat officially launches self-serve Ad Manager tool to make buying ads easier and a Certified Partners program that gives extra training to ad tech partners  —  To beat Facebook and Google's duopoly, Snapchat needs advertisers to build and buy campaigns with confidence.
Dieter Bohn / The Verge:
iPad Pro 10.5-inch review: incredible screen and powerful processor, but it's expensive, especially with accessories like the Smart Keyboard and Apple Pencil  —  Apple extends its tablet lead, but iOS 11 might end up being a bigger deal  —  A little more than a year after Apple released …
Andrew Cunningham / Ars Technica:

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Edward C. Baig / USA Today:
Tom Warren / The Verge: