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June 29, 2018, 11:27 AM
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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.
Matthew Panzarino / TechCrunch:
Eddy Cue and Apple Maps team members describe how they are rebuilding the product from the ground up to eventually own the entire map stack, like Google does  —  The company is rolling out more detailed maps built from its own data for the first time  —  I'm not sure if you're aware, but the launch of Apple Maps went poorly.
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 …
Amir Efrati / The Information:
Source: Uber plans to resume testing of self-driving cars by August, in Pittsburgh and possibly San Francisco  —  Uber plans to resume testing self-driving cars by August, in Pittsburgh and possibly San Francisco, said a person familiar with the decision, five months after an Uber car struck …
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.
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

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This is a Techmeme archive page. It shows how the site appeared at 11:27 AM ET, June 29, 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

Elle Griffin / The Elysian:
Penguin vs. DOJ transcripts: top publishing houses spend most of their money on book advances for big celebrities like Britney Spears and franchise authors

Sara Fischer / Axios:
Puck hires veteran journalist and TV commentator John Heilemann as its chief political columnist and partner, as the outlet expands its presence in Washington

Jennifer Schuessler / New York Times:
PEN America cancels its 2024 literary awards ceremony, set for April 29, after months of protests over the organization's response to the war in Gaza

More News

Anthony Ha / TechCrunch:
Twitter makes its Ad Transparency Center, announced before Congressional hearings in October, available to all users
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

Earlier Picks

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
Matthew Lynley / TechCrunch:
Bird officially announces $300M raise led by Sequoia Capital, its second raise in just a few months
Andrew J. Hawkins / The Verge:
Kroger, the US's largest supermarket chain, teams up with Nuro, a two-year-old self-driving startup, to launch driverless delivery service later this fall
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