Techmeme
July 25, 2018, 1:30 PM

Top News

Marc Vartabedian / Wall Street Journal:
Facebook's General Counsel Colin Stretch, who led the company's investigation into Russian election interference, is leaving at the end of the year  —  Colin Stretch's announced exit marks the second high-level departure in recent weeks  —  Facebook Inc.'s FB 1.78% top lawyer …
BuzzFeed News:
Facebook CSO Alex Stamos told peers in memo about his departure to “intentionally not collect data where possible” and be willing to pick sides on moral issues  —  In March, days after confirming his plans to leave the company, Facebook's highest-ranking security official implored …
Phil LeBeau / CNBC:
Waymo partners with Walmart, AutoNation, Avis, and others to ferry their customers to various locations in Phoenix, Arizona  —  Waymo, the Alphabet company that spun out of Google's former self-driving car division, is partnering with some of the country's largest companies to expand how many people ride in its self-driving vehicles.
Edgar Alvarez / Engadget:
Facebook rolls out Watch Party, a feature that lets users simultaneously watch, comment, and react to Facebook videos together, to all users  —  Facebook has made it clear that it wants to make video a crucial part of its business, as it looks to compete with the likes of YouTube, Amazon and Netflix.
Paul Mozur / New York Times:
Source: Chinese government has withdrawn its approval for Facebook's new subsidiary in the country  —  SHANGHAI — For Facebook, success in China was brief.  Very brief.  —  For several hours, a Chinese government database showed that Facebook had gained approval to open a subsidiary in the eastern province of Zhejiang.
Anthony Ha / TechCrunch:
Grubhub to acquire Boston-based LevelUp, which offers a platform to manage digital ordering, payments and loyalty, for $390M in cash  —  Grubhub announced this morning that it's agreed to acquire LevelUp for $390 million cash.  —  Founder and CEO Matt Maloney told me that while previous Grubhub acquisitions …
More: The Verge and CNBC
Frederic Lardinois / TechCrunch:
Google now offers businesses a stand-alone version of Google Drive, apart from G Suite, that costs $8 per month per active user and $0.04 per GB  —  If you are a business and want to use Google Drive, then your only option until now was to buy a full G Suite subscription …
More: ZDNetTweets: @alex
Connie Loizos / TechCrunch:
Equidate, a San Francisco-based marketplace that makes privately held shares available to accredited investors wanting to buy them, raises $50M Series B  —  Equidate, a 4.5-year-old, San Francisco-based marketplace that makes privately held shares available to accredited investors wanting to buy them …
Jordan Crook / TechCrunch:
Gym membership startup ClassPass raises $85M Series D led by Temasek, bringing the total funding raised to $255M  —  ClassPass today announced the close of an $85 million Series D financing round led by Temasek, the same firm that led the startup's Series C financing.
Dan Ackerman / CNET:
Nick Statt / The Verge:
Steam is rolling out Steam Chat, with new text and voice features to compete with gaming chat app Discord, to all users  —  In a bid to keep Discord from dominating the social space around PC gaming  —  Steam has begun rolling out its new text and voice features, as well as its updated friends list, to all users beginning today.
Dean Takahashi / VentureBeat:
Line Corp. acquires a majority stake in Korean game developer NextFloor and sets up Line Games as new publisher of mobile games  —  Japanese mobile messaging firm Line Corp. has acquired a majority stake in game developer NextFloor and it has set up Line Games as a new publisher of mobile games.

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More News

Nick Statt / The Verge:

Earlier Picks

Stephen Shankland / CNET: