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June 12, 2018, 1:40 PM
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Dan Primack / Axios:
Sources: e-scooter company Bird is seeking to raise ~$200M in new funding at a $2B valuation; just three months ago the startup raised at a $300M valuation  —  E-scooter company Bird is seeking to raise around $200 million in new funding at a $2 billion valuation, according to multiple sources.
Richard Nieva / CNET:
Congress releases Facebook's written responses to follow-up questions from Mark Zuckerberg's April testimony; Facebook says it received 2,000+ questions  —  Facebook CEO Mark Zuckerberg answered a lot of questions when he testified before Congress in April.
Josef Adalian / Vulture:
Inside Netflix's original content efforts as it spends $8B this year: “It's 70 percent gut and 30 percent data”, says Ted Sarandos  —  “What do you think about gas in the tank for the long term?” asks Cindy Holland, Netflix's vice-president of original content.
Josh Constine / TechCrunch:
Uber unveils Uber Lite, a low-data app just 5MB in size for developing markets that shows maps only on request, coming to India first  —  “The next hundreds of millions of riders for us are going to come from outside of the United States", Uber's head of rider experience Peter Deng tells me.
Ben Thompson / Stratechery:
Large funding rounds for Bird and Lime suggest strong economics, which means the potential for building moats for dockless scooter startups are relatively weak  —  As I understand it, the proper way to open an article about electric scooters is to first state one's priors …
Taylor Hatmaker / TechCrunch:
Instagram adds shopping tags directly into Stories, so now users can tap a shopping bag icon to learn more about buying a particular item  —  Instagram's shoppable tags are about to pop up in Stories.  The company first started testing the feature back in 2016 with a limited set of 20 partners.
Siobhan Hughes / Wall Street Journal:
Bipartisan group of senators move to stop Trump's deal to give ZTE a lifeline amid US export ban, by adding ZTE export ban as amendment to defense spending bill  —  White House sent top official to Capitol Hill to lobby against bipartisan effort to reverse pact to revive the Chinese telecommunications company
Natasha Lomas / TechCrunch:
Swedish video-based call-a-doctor service Kry raises $66M Series B led by Index Ventures to finance further expansion in Europe  —  Swedish telehealth startup Kry has closed a $66 million Series B funding round led by Index Ventures, with participation from existing investors Accel, Creandum, and Project A.
Christina Rogers / Wall Street Journal:
Argo AI, which received $1B from Ford and works on automated driving, says it has ~330 staff, up from under 12 last year, by hiring from Apple, Uber, and others  —  Equity stakes in a fast-growing startup and a link to a big auto maker are helping recruit engineers and robotics researchers
Jon Russell / TechCrunch:
Vietnam's new cybersecurity law raises concerns about restricting free speech, also requires foreign internet companies to store user data locally  —  Big tech firms including Google, Facebook and Twitter have expressed major concern after Vietnam's government passed a law that promises …
Robert Triggs / Android Authority:
USB Type-C has become a mess of compatibility issues, conflicting proprietary standards, and lacks sufficient consumer information to guide purchasing decisions  —  6.6K  —  USB Type-C was billed as the solution for all our future cable needs, unifying power and data delivery with display …
Alex Sherman / CNBC:
A look at how the AT&T-Time Warner ruling might affect companies across the media and telecom industries, including Verizon, Comcast, Sprint, and T-Mobile  —  - Media companies will lose larger telecommunications companies as theoretical buyers if a deal isn't approved.
See also Mediagazer

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This is a Techmeme archive page. It shows how the site appeared at 1:40 PM ET, June 12, 2018.

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.

From Mediagazer

CNBC:
James Cameron blasts Netflix's proposed acquisition of WBD, in a letter to Senator Mike Lee, calling it “disastrous for the theatrical motion picture business”

Marina Adami / Nieman Lab:
Editors and freelance journalists say AI has brought more productivity, increased expectations of speed, a need for more vetting, and sometimes job-loss fears

Charlotte Klein / New York Magazine:
How Will Lewis grew isolated from the WaPo newsroom, business side, and Jeff Bezos as he outlined big ideas without clear strategies for their implementation

More News

Jon Russell / TechCrunch:
Coinbase announces plans to add support for Ethereum Classic, a fork of the Ethereum token, in the coming months
Jeff Grubb / VentureBeat:
Valve will bring Steam to China with help of Chinese publisher Perfect World; no launch date has been announced

Earlier Picks

Sean Lyngaas / Cyberscoop:
FBI announces arrest of 74 people, who allegedly hijacked bank transfers using email fraud, and recovery of ~$14M; 29 of the suspects were in Nigeria, 42 in US
Makena Kelly / The Verge:
A look at what happens now that net neutrality rules have been rolled back, including its immediate implications and legal pushback
Sarah Perez / TechCrunch:
Facebook launches a new section called Memories to highlight old content, similar to the On This Day feature but more extensive
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