Techmeme
July 25, 2018, 12:15 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 …
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Source: Chinese government has withdrawn its approval for Facebook's new subsidiary in the country  —  SHANGHAI — For Facebook, success in China was brief.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
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.
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.
Patrick Howell O'Neill / Cyberscoop:
Google unveils Titan Security Key, a Yubico-like phishing resistant 2FA device, currently available to Google Cloud customers and soon to everyone, pricing TBA  —  Google says its workforce has been phish-proof for more than a year.  The impressive security stat is due to small USB security keys issued …
More: TechCrunch and YubicoThanks:@howelloneill
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 …
Janko Roettgers / Variety:
BitTorrent confirms it has been acquired by blockchain startup Tron; filings suggest about $126M in cash was paid for the company  —  File sharing veteran BitTorrent has finally confirmed that it has a new owner: “We are excited to announce that Tron has officially closed its acquisition of BitTorrent …
Nick Statt / The Verge:
Washington AG says Facebook signed legal agreement to change ad platform so third parties can't discriminate based on ethnicity, religion, or sexual orientation  —  The agreement with Washington state forces Facebook to make nationwide changes  —  Facebook has signed a new …
Dan Ackerman / CNET:
Apple issues a fix for 2018 MacBook Pro CPU throttling/thermal management issues via macOS High Sierra 10.13.6 Supplemental Update  —  Apple has been catching heat over the performance of its new MacBook Pro laptops, but the company hopes a new software update will cool off outraged power users.
Fei-Fei Li / The Keyword:
Google announces new Cloud AutoML offerings: Vision, Natural Language, and Translation, available in beta, also announces Contact Center AI, available in alpha  —  AI has evolved dramatically in the last two decades.  Technologies like image recognition and machine translation are now a part of everyday life for millions.

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Stephen Shankland / CNET: