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Techmeme
June 1, 2018, 11:35 AM
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Top News

SV Angel:
SV Angel no longer raising funds for seed rounds; Ron and Topher Conway will invest their personal money at $25K-$100K per company and co-manage existing funds  —  The investing ecosystem has gone through significant changes over the last 10 years.  When we started SV Angel, there were just a handful of funds investing in seed rounds.
Frederic Lardinois / TechCrunch:
Microsoft announces an update for Microsoft Launcher for Android letting parents track kids' location, and MSN Kids, a new curated news website for children  —  Microsoft is launching an update to its Android launcher today that gives parents the ability to track their kids' location.
Jaikumar Vijayan / eWeek:
Google says Pixel 2 encryption feature prevents even an attacker with highly-privileged access to the device from accessing data without the owner's cooperation  —  An encryption feature available with Google Pixel 2 smartphones ensures even an attacker with highly-privileged access to a mobile device won't be able to access data.
Wolfie Zhao / CoinDesk:
Binance announces $1B fund of funds which will also invest directly in blockchain firms, with ride-hailing initiative backed by Didi cofounder as first project  —  Binance, one of the world's largest cryptocurrency exchanges, has announced it is launching a $1 billion “Social Impact Fund” …
More: TechCrunch
Tom Simonite / Wired:
Interview with United States Digital Service head Matt Cutts, an ex-Googler, on the unit's work, and projects he highlights while working under Trump  —  THE TRUMP ADMINISTRATION doesn't hold much regard for asylum seekers or projects started by President Obama.
Ron Miller / TechCrunch:
Box acquires Redwood City-based workflow startup Progressly for an undisclosed amount, all twelve Progressly employees will join Box immediately  —  Box announced today that it has purchased Progressly, a Redwood City startup that focuses on workflow.  All 12 Progressly employees will be joining Box immediately.
Robert Triggs / Android Authority:
ARM announces next-generation CPUs and GPUs focused on efficient VR and AI; ARM Cortex-A76 is new flagship mobile chip, now with 35% better performance  —  You probably haven't complained about high-end smartphone performance for a while now, but processors can always be a bit faster and, more importantly, power efficient.
Byron Kaye / Reuters:
Amazon will require Australians to use its Australian site instead of its US site due to new 10% sales tax on imported goods effective July 1  —  SYDNEY (Reuters) - Amazon.com Inc said on Thursday it will force Australians to use its Australian website instead of its much larger U.S. site …
Makiko Yamazaki / Reuters:
Toshiba says it has concluded the $18B sale of its microchip unit to a consortium led by Bain Capital  —  TOKYO (Reuters) - Japan's Toshiba Corp said on Friday it had completed the $18 billion sale of its chip unit to a consortium led by U.S. private equity firm Bain Capital.
Barbara Ortutay / Associated Press:
Facebook is shutting down Trending after four years, tests new features, including a breaking news label that publishers can add to stories, Today In section  —  Facebook is shutting down its sometimes-problematic “trending” news section after four years.  —  This image provided by Facebook shows …

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From Mediagazer

Alex Weprin / The Hollywood Reporter:
Filing: Byron Allen sold his 10.7% Starz stake over August and September, netting a bit less than $45M; he acquired it from Steve Mnuchin's Liberty 77 for $25M

Wall Street Journal:
MGM Resorts says talks with People Incorporated are over, after each weighed buying the other; MGM amended its voting deal with People, which owns ~27% of MGM

Mark Stenberg / Adweek:
A source and internal figures: Condé Nast forecasts $130M in Q4 US advertising, $35M+ below its goal; Condé Nast says the figures are “materially inaccurate”

More News

Dani Deahl / The Verge:
Ticketfly goes offline and says it has been the target of a cyber incident after hacker defaces site and boasts of getting access to customer and employee info

Earlier Picks

Megan Farokhmanesh / The Verge:
Pew Research study of US teen internet usage finds 85% say they use YouTube, 72% use Instagram, 69% use Snapchat, while only 51% say they use Facebook
Bradley Chambers / 9to5Mac:
Telegram CEO Pavel Durov says Apple has been rejecting its app updates globally since Russia banned Telegram in April
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