Techmeme
June 29, 2018, 12:55 PM

Top News

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.
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.
Colin Lecher / The Verge:
The California Consumer Privacy Act, one of the toughest data privacy bills in the US, has been signed into law and will go into effect in 2020  —  California lawmakers passed one of the toughest data privacy laws in the United States today, as they faced pressure from an even stronger ballot measure in the state.
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 …
CNBC:
ZTE replaces its board to satisfy the conditions of the deal to get the US ban lifted  —  - The management overhaul was among the conditions laid out in the settlement deal to have the ban lifted.  —  Chinese telecoms giant ZTE announced a new board on Friday in a radical management shakeup …
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.

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