Techmeme
November 28, 2017, 11:55 AM

Top News

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
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.
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 …
Noah Kulwin / VICE News:
YouTube says it has terminated 270+ accounts, taken down 150K+ videos, removed ads from ~2M videos over past week as it purges content that endangers children  —  For the second time in less than a year, major advertisers are fleeing YouTube after finding their ads were paired with offensive content — this time, directed at children.
Yimian Wu / China Money Network:
China's top on-demand trucking apps Huochebang and Yunmanman, both valued at $1B, have agreed to merge  —  After years of explosive growth, China's vast sharing economy is entering consolidation mode.  The latest merger news comes from Chinese Uber-like truck logistics leaders Yumanman and Huochebang …
More: Bloomberg

Sponsor Posts

Smartsheet:
Is productivity technology making you less productive?  —  Watch Smartsheet customers from PayPal, Adobe, and Nordstrom discuss how they are driving a seismic shift in their productivity.
Talla:
5 Ways to Stop Wasting Support Resources  —  Support can be challenging, time-consuming, and costly, but it doesn't have to be.  Use AI to make your team more efficient.
Zoho:
Hold real time meetings from Zoho CRM with the new Zoho Meeting integration  —  Developing effective sales pitches and closing deals require clear communication with your leads, contacts, and team.

Listen to Techmeme's Podcast:

Techmeme Ride Home: Fri. 11/16 - How Much Money Does Airbnb Make? Subscribe via Apple Podcasts, Google Play, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 11:55 AM ET, November 28, 2017.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Earlier Picks

Bryan Menegus / Gizmodo:
Josh Constine / TechCrunch: