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Techmeme
April 3, 2018, 3:35 PM
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Top News

VentureBeat:
Spotify opens at $165.90/share, up ~25% from its reference price, in its NYSE direct listing, valuing the company at ~$29.5B  —  Spotify's stock soared today after making its hotly-anticipated and highly-unusual debut on the public markets.  The $165.90 opening price of the stock valued Spotify …
Theodore Schleifer / Recode:
Spotify's direct listing is an inflection point in the push-and-pull power struggle between Silicon Valley and Wall Street  —  You should care what happens on Tuesday — even if you don't care about Spotify.  —  Tuesday will be an abnormal day in the history of the IPO.  —  “Normally, companies ring bells.
Peter Kafka / Recode:
Spotify, which posted operating loss of $461M in 2017, thinks its reliance on labels will ease; sources: hope is more artists will work directly with Spotify
Ian Cutress / AnandTech:
Intel debuts new 8th Gen CPUs: i9 and i7 chips with 6 cores at 45W for laptops, U-Series chips with Iris Plus graphics at 28W, 17 desktop Coffee Lake CPUs, more  —  The march from Intel for everything to be under the ‘8th Gen Intel Core’ branding is now at its climax: today is the official launch …
Adrian Kingsley-Hughes / ZDNet:
Dell debuts a new range of lower-priced G Series gaming laptops and refreshes XPS, Alienware, and Inspiron lines, some with new 6-core Intel chips  —  Dell unveils a huge refresh of the Inspiron PC line, as well as the XPS and Alienware line, as well as introducing a new, lower-priced G series gaming laptops.
Thuy Ong / The Verge:
Snapchat introduces group video chat for up to 16 people, group audio chat for up to 32 people, and “Mentions” in Stories that allow users to tag friends  —  You can video chat with up to 16 friends or 32 with just voice  —  Snapchat is introducing several new features this week …
Sean White / The Mozilla Blog:
Mozilla says it is building Firefox Reality, a new cross-platform web browser designed from the ground up to work on standalone VR and AR headsets  —  Today, we primarily access the Internet through our phones, tablets and computers.  But how will the world access the web in five years …
Forbes:
36 female VCs launch All Raise, an initiative to increase funding for women from 15% to 25% in 5 years and double the percentage in partner roles in 10 years  —  AILEEN LEE STARED at the email in her drafts folder for nearly a month, unsure what to do.  The summer of 2017 had been brutal for venture capital.
Facebook:
Facebook Messenger gets support for sending 360-degree photos and HD video  —  Visuals are the best way to add delightful expression and meaningful emotions to your chats.  Earlier this year we shared that the ability to send photos, videos, stickers and GIFs in Messenger is extremely popular …
Gabriel Sherman / Vanity Fair:
Sources: Trump wants USPS to increase Amazon's shipping costs as advisers encourage the president to cancel Amazon's cloud computing contract with the Pentagon  —  With the West Wing finally calm, Trump is contemplating a multi-front campaign against Jeff Bezos.
Zac Hall / 9to5Mac:
Instagram abandons its Apple Watch app, as Apple begins requiring native apps in updates starting this week  —  Despite dramatic improvements to Apple Watch speed, some high profile apps have been actively pulled from watchOS over the last several months.  Instagram is the latest major app …
Brian Krebs / Krebs on Security:
Sources: Panerabread.com leaked customer records with names, emails, last four digits of CCs; flaw reported 8+ months ago, may affect 7M+; Panera says now fixed  —  Panerabread.com, the Web site for the American chain of bakery-cafe fast casual restaurants by the same name …
Ina Fried / Axios:
Grindr's security chief Bryce Case says company has been unfairly singled out and that it has stopped sharing users' HIV status with its third-party vendors  —  Grindr has stopped sharing users' HIV status with its third-party vendors, the company's head of security told Axios.
CNBC:
Sources: Snap in advanced talks to open office in Saudi Arabia; source: content deal with MiSK Foundation is in works to teach Saudi youth how to use Snapchat  —  - The company is also developing a content deal MiSK Foundation to teach Saudi youth how to use Snapchat, according to a source.
Thanks:@mattrosoff

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This is a Techmeme archive page. It shows how the site appeared at 3:35 PM ET, April 3, 2018.

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From Mediagazer

Matthew Belloni / Puck:
Sources: David Ellison told execs he will move Paramount out of California if AG Rob Bonta doesn't negotiate a settlement of the WBD antitrust case by October 1

Wall Street Journal:
Ari Emanuel's Mari agrees to buy British theater group ATG Entertainment from PE firm Providence, sources say in a deal valuing ATG at ~£4.5B including debt

Reuters:
RTL reports H1 revenue up 4% YoY to €2.9B and raises its FY revenue forecast to between €7.1B and €7.2B, accounting for the June acquisition of Sky Deutschland

More News

Earlier Picks

CoinDesk:
SEC charges Centra Tech co-founders with fraud following last year's ICO, which raised $32M+ and received endorsements from Floyd Mayweather Jr. and DJ Khaled
Bloomberg:
Sources: Apple is planning to use its own processors in Macs from 2020, replacing Intel; Intel stock closed down 6.07% yesterday
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