Techmeme
June 12, 2018, 12:00 PM

Top News

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.
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.
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.
More: CNBC and Engadget
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 …
Jon Russell / TechCrunch:
Coinbase announces plans to add support for Ethereum Classic, a fork of the Ethereum token, in the coming months  —  Coinbase may be one of the most-lauded crypto exchanges, but it supports just four coins right now which is far fewer than most others.  That's about to change a little …
Mitchel Broussard / MacRumors:

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More News

Jeff Grubb / VentureBeat:

Earlier Picks

Sean Lyngaas / Cyberscoop:
Makena Kelly / The Verge:
Sarah Perez / TechCrunch:
Doina Chiacu / Reuters: