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Techmeme
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 …
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From Mediagazer

New York Times:
Sources: the White House directed FBI Director Kash Patel to personally oversee the probe into NYT reporting about Air Force One, before subpoenas were issued

Brooks Barnes / New York Times:
Lionsgate's Michael crosses $1B at the global box office, its first film to reach the milestone, per Rentrak, reviving Hollywood's last major independent studio

Joe Mandese / MediaPost:
The Media Rating Council's quarterly accreditation status updates show VideoAmp and Nielsen One have pulled out of the accreditation process

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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