Techmeme
June 8, 2018, 5:35 PM

Top News

Patrick Lucas Austin / Gizmodo:
Airbnb cancels reservations and reportedly pulls ~80% of listings in Japan before June 15 deadline of home-sharing law, will create $10M fund to repay travelers  —  Heading to Japan next week?  You should probably double-check your Airbnb rental, because it might be cancelled.
Ingrid Lunden / TechCrunch:
Yahoo will shut down Yahoo Messenger on July 17, marking the end of an era that began with Yahoo Pager back in 1998  —  It's the end of an era for Yahoo Messenger, one of the first instant messaging apps on the market.  Today, Oath (which also owns TechCrunch) announced that it would be winding …
Kia Kokalitcheva / Axios:
After Lyft has reportedly agreed to acquire Motivate for $250M, source says Uber is considering its own bid for the bike-sharing startup  —  Uber is considering a takeover offer for Motivate, the bike-share company behind such programs as CitiBike in New York and Ford GoBike in San Francisco, Axios has learned.
Wall Street Journal:
Facebook let some partners to access users' friend data after it shut off access to most devs in 2015; sources: partners included Nissan and RBC Capital Markets  —  Special deals gave a small number of companies access to data after shutting off access for other developers
Verizon Communications Inc.:
Verizon names CTO Hans Vestberg CEO effective August 1, 2018, replacing current CEO Lowell McAdam  —  Hans Vestberg, Executive Vice President and President of Global Networks and Chief Technology Officer, named CEO, effective August 1, 2018  —  Lowell McAdam to serve as Executive Chairman …
Hannah Karp / Billboard:
Sources: Spotify offers several hundred thousand dollar advances and 50/50 per stream revenue share to music managers and indie acts for direct licensing  —  Spotify has offered advances to a number of managers and indie acts in exchange for licensing their music directly to the streaming service, sources tell Billboard.

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Lulu Yilun Chen / Bloomberg:
Mark Bergen / Bloomberg: