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Techmeme
January 5, 2018, 3:00 PM
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Top News

Theodore Schleifer / Recode:
Sources: Benchmark Capital will sell $900M worth of Uber shares, or 14.5% of its stake, to SoftBank-led consortium; Benchmark tried to sell about 25%  —  The firm at the center of the Uber power struggle tried to part with 25 percent of its shares.  —  Benchmark Capital will end up selling …
Eric Newcomer / Bloomberg:
Sources: Kalanick plans to sell ~29% of his 10% Uber stake, worth about $1.4B, to SoftBank consortium after offering 50%, the maximum allowed for board members  —  Former Uber Technologies Inc. Chief Executive Officer Travis Kalanick, who has long boasted that he's never sold any shares …
TechCrunch:
Sources: GoPro is cutting 200-300 jobs, largely impacting its Karma drone division  —  GoPro is in the process of laying off around 200-300 employees this week, TechCrunch has learned from sources close to the company.  The hits to the company were largely concentrated in its aerial division …
Daniel Cooper / Engadget:
What to expect at CES 2018: from energy efficient laptops, high-end TVs, and self-driving car tech to AR/VR gaming, robots, and smart home tech  —  It's January, which means that Las Vegas, or the bit that pretends not to be Las Vegas for tax reasons, will play host to CES.
Billboard:
Sources: Jimmy Iovine to leave Apple Music in August, a time believed to coincide with the full vesting of his Apple stock  —  His planned departure is likely timed to his shares fully vesting, sources tell Billboard.  —  Look for Jimmy Iovine to leave Apple Music in August.
Tony Romm / Recode:
FCC releases final text of the order overturning net neutrality and statements from Pai, O'Rielly and Carr in support and Rosenworcel and Clyburn in opposition
Tony Romm / Recode:
Sources: FCC Chairman Ajit Pai canceled his scheduled appearance at CES after receiving death threats
Sarah Perez / TechCrunch:
Sensor Tower: Apple's App Store revenue was $38.5B in 2017, up 34.7% YoY, while Google Play's revenue was $20.1B, up 34.2% YoY  —  Global app revenue climbed 35 percent in 2017 to reach nearly $60 billion, according to a new report today from app intelligence firm Sensor Tower …
Apple:
App Store customers spent $300M worldwide on New Year's Day and spent over $890M in the week starting Dec. 24; developers earned $26.5B in 2017, up 30%+ YoY
Christina Farr / CNBC:
Fitbit invests $6M in Sano, a company that makes a coin-sized patch to track blood sugar; this is Fitbit's first startup investment  —  - Fitbit invested $6 million into Sano, a company with a patch for tracking people's blood sugar.  It's Fitbit's first start-up investment.
Ina Fried / Axios:
Apple says all Mac, iOS devices affected by Meltdown and Spectre; Meltdown defense added in iOS 11.2, macOS 10.13.2; Spectre patch for Safari coming within days  —  After more than a day of silence, Apple confirmed Thursday that the Mac, iPhone and iPad are all affected by the recently disclosed massive chip vulnerability.
Jeremy Horwitz / VentureBeat:
Intel begins issuing patches to combat Spectre and Meltdown flaws, with plans to release updates for 90% of chips from past five years this week

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From Mediagazer

Todd Spangler / Variety:
White House denied CNN, MS NOW, Politico staffers access on Saturday; CNN calls it an “illegal assault”; Politico says it will “vigorously defend” its 1A rights

Jessica Toonkel / Wall Street Journal:
Sources: Paramount is in advanced settlement talks with California Attorney General Rob Bonta over the company's deal to acquire WBD

Katie Kilkenny / The Hollywood Reporter:
Gov. Gavin Newsom signs a postproduction tax incentive into law, rewarding productions that locate scoring, editing, or other post work in California

More News

Steve Dent / Engadget:
TiVo's new cloud-based service lets TV providers add recommendations, voice control, more to set-top boxes; the service supports mobile and streaming devices

Earlier Picks

Will Oremus / Slate:
Calls for Twitter to ban President Trump are misguided and counterproductive; the biggest threat posed by @realDonaldTrump is to Trump's own presidency
Stephen Shankland / CNET:
Apple quietly joined the Alliance for Open Media, focused on video compression tech, which counts Google, Amazon, Microsoft, and Facebook as members
Evelyn Cheng / CNBC:
Ripple co-founder Chris Larsen reportedly owns 5.19B XRP tokens and a 17% stake in the company, valued at ~$59.9B after 36,000% increase in XRP value
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