Techmeme
June 29, 2018, 10:05 AM

Top News

Crystal Tse / Bloomberg:
Source: Xiaomi raises $4.7B after pricing IPO at the low end of the range at HK$17 each, valuing Xiaomi at about $54B, roughly half the company's initial goal  —  Xiaomi Corp. and some existing investors raised $4.7 billion after pricing a Hong Kong initial public offering at the low end of a marketed range …
Chloe Aiello / CNBC:
Twitter is reorganizing its teams into groups, like engineering, instead of individual products; Kayvon Beykpour, former Periscope CEO, named head of product  —  - Ed Ho, who has been on leave since May, explained in a series of tweets his decision was based largely on an unexpected family loss.
Josh Constine / TechCrunch:
Instagram adds the ability to add licensed songs as background music for Stories starting today in 7 countries and says it has 400M daily Stories users  —  The right music can make a boring photo or video epic, so Instagram is equipping users with a way to add popular songs to their Stories.
Sahil Patel / Digiday:
Verizon is shutting down go90; sources say it will be discontinued by July 31 and that shows and all content rights will be returned to production partners  —  Verizon is finally calling it quits on its expensive mobile video bet, Go90.  —  The wireless communications giant is shutting …
Inti De Ceukelaire:
Researcher: Facebook quiz maker NameTests exposed personal info of ~120M users for years, in a data leak that was fixed after the Cambridge Analytica scandal  —  Ever took a personality test on Facebook?  For years, anyone could have accessed your private information, friends, posts and photos.
Nick Statt / The Verge:
Niantic Labs, which helped develop Pokémon Go, says it will open the underlying AR platform, called Real World Engine, to third-party developers  —  Niantic Labs, the San Francisco-based game developer responsible for creating the massively successful augmented reality game Pokémon Go …
Gertrude Chavez-Dreyfuss / Reuters:
Report: ICOs raised $13.7B in the first five months of 2018, up from $7B in 2017; only 30% of the 3,470 ICOs since 2013 closed successfully  —  NEW YORK (Reuters) - Digital currency sales jumped to $13.7 billion in the first five months of the year, nearly double the amount raised for the whole of 2017 …
More: PYMNTS.com
Anthony Ha / TechCrunch:
Twitter makes its Ad Transparency Center, announced before Congressional hearings in October, available to all users  —  Twitter is unveiling the Ads Transparency Center that it announced back in October.  —  This comes as Twitter and other online platforms have faced growing political scrutiny around …
Anna Hensel / VentureBeat:
Facebook rolls out a button users can click to see the ads a Page is running, even if not targeted to the user, across Facebook, Instagram, and Messenger  —  Facebook today released a new tool that will allow users to see what advertisements a Page is running — whether or not all of those advertisements …

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