Techmeme
June 13, 2017, 7:35 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 …
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.
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.”
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 and Engadget

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