Techmeme
November 28, 2017, 10:50 AM

Top News

Eric Newcomer / Bloomberg:
Sources: SoftBank offers to buy secondary Uber shares at $48B valuation, 30% lower than Uber's recent $69B valuation, 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
Gabriela Barkho / Crunchbase News:
WeWork to acquire community platform Meetup, according to an internal announcement from Meetup CEO Scott Heiferman  —  WeWork's acquisition spree continues.  —  WeWork will acquire Meetup, Crunchbase News has learned, adding another purchase to the rapidly expanding rental startup's roster.
Ingrid Lunden / TechCrunch:
Adobe: Cyber Monday US 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.
Bryan Menegus / Gizmodo:
Tumblr founder David Karp announces resignation from the company in email to staff, said decision came “after months of reflection on my personal ambitions”  —  After 11 years, Tumblr's founder and public face David Karp announced his resignation from the company in a staff email this afternoon.
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 …

Sponsor Posts

Microsoft:
Winning hackathon project now helping millions read and write  —  Teacher Merlyne Graves used to spend hours recording for her students who struggled with reading.  Not any more.
IBM:
IBM will give $200,000 to a team that can come up with a solution for natural disaster preparedness  —  Call for Code, The initiative for developers to use their mastery of the latest technologies, to build solutions that can change the world.
eero:
Another day, another cyber security threat. eero keeps your network protected.  —  VPNFilter is the latest router-based malware and is estimated to affect over 500,000 consumer routers.
Zoho:
Planned maintenance of our US Data Center: July 7th, 2018 - 7:30 PM to 10:30 PM PST  —  We have planned a network infrastructure upgrade on our primary data center in the USA on July 7th, 2018 from 7:30 PM to 10:30 PM PST.

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Noah Kulwin / VICE News:

Earlier Picks

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