Techmeme
November 28, 2017, 12:50 PM

Top News

Dan Primack / Axios:
WeWork agrees to acquire Meetup, the New York-based social network that helps organize offline meetings; source says deal is valued at ~$200M  —  WeWork has agreed to acquire Meetup, a New York-based social network that helps organize offline meetings around common interests.
Eric Newcomer / Bloomberg:
Sources: SoftBank offers to buy secondary Uber shares at $48B valuation, 30% below Uber's recent $69B valuation, and will also invest $1B+ at $69B valuation  —  The price is 30% below Uber's last primary round, people say  —  A slate of investors has agreed to sell shares for the deal
Ingrid Lunden / TechCrunch:
Adobe: US Cyber Monday sales hit record-breaking $6.59B, with purchases on smartphones also breaking a record with $1.59B in sales  —  Cyber Monday is off to a flying start for online shopping in the US.  As of 7am Pacific, $840 million has been spent, up 16.9 percent on Cyber Monday 2016.
Danny Westneat / The Seattle Times:
A look at some of the plans submitted by 238 municipalities in Amazon's HQ2 contest, offering big tax breaks, free land, and special access to public resources  —  A review of some of the bids to woo Amazon's HQ2 to other cities and states shows it's not all about the money.
Canalys:
Canalys: VR headset shipments pass 1M for first time in Q3 with Sony, Oculus, and HTC taking the top three spots, shipping 490K+, 210K, and 160K respectively  —  Palo Alto, Shanghai, Singapore and Reading (UK) - Monday, 27 November 2017  —  Virtual reality headset shipments are showing no signs of slowing …
CNBC:
US district judge says Uber “withheld evidence from me” in trade secrets case brought by Waymo, delays the trial that was due to begin next week  —  - The judge granted a request from Alphabet's Waymo self-driving car unit to delay a trade secrets trial.
Fitz Tepper / TechCrunch:
Japan's largest cryptocurrency exchange, bitFlyer, is expanding to the US, with approval to operate in 41 states starting today  —  Japansese cryptocurrency exchange bitFlyer announced today it's expanding to the U.S, with approval to operate in 41 states starting today.
Josh Constine / TechCrunch:
Facebook confirms it's testing Messenger Broadcast, a tool that lets businesses send marketing messages to users  —  Facebook may soon be ready to squeeze more money out of its 1.3 billion user chat app.  The company has internally developed “Messenger Broadcast”, a self-serve mass-messaging interface …

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Earlier Picks

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