Techmeme
June 20, 2019, 5:50 PM

Top News

Lauren Feiner / CNBC:
Slack closes at $38.62, up 48.5% from its $26 reference price, on its first day of trading, valuing the company at about $20B  —  KEY POINTS  — Slack surged 48.5% in its first day of trading on the New York Stock Exchange.  It opened at a share price of $38.50, above the $26 reference price set by the exchange.
Alex Konrad / Forbes:
Slack's IPO is a boon for several high profile tech CEOs, including Jeff Weiner and Biz Stone, who made early angel investments, and saw returns of up to 1,600x  —  Even by Silicon Valley standards, Slack CEO Stewart Butterfield is a master of fundraising.  The cofounder of tech's buzziest …
Chance Miller / 9to5Mac:
Apple says in a letter to US trade representative that tariffs on its products would make it less competitive and reduce its contribution to the US economy  —  Amid trade tensions between the United States and China, Apple this week sent a letter to United States Trade Representative Robert Lighthizer.
Wall Street Journal:
Sources: Apple is asking suppliers to study feasibility of shifting final assembly of some products out of China amid trade tensions  —  iPhone maker is asking suppliers to study moving final assembly of some products out of the country  —  Apple Inc. AAPL -.29% is asking suppliers …
JR Raphael / Computerworld:
Google confirms it is getting out of the tablet business, canceling two unreleased smaller-sized tablets, but remains committed to Pixel phones and laptops  —  Here's an interesting little nugget of info to chew on: Google's decided to step away from its self-made tablets and focus instead on the laptop form.
Chance Miller / 9to5Mac:
Apple launches a voluntary recall and replacement program for 15" MacBook Pro units sold between September 2015 and February 2017 due to battery safety concerns  —  Apple today said that it is launching a voluntary recall and replacement program for the 15-inch MacBook Pro.
Hugh Son / CNBC:
The CEO of online bank Current claims Facebook's Calibra subsidiary “ripped off” his company's logo; Facebook seems to have used the same design firm as Current  —  KEY POINTS  — Facebook used the same San Francisco-based design firm for its crypto project unveiled this week …
Wall Street Journal:
A look at the proliferation of fake business listings and con artists on Google Maps, which experts estimate carries ~11M false listings on any given day  —  Millions of pushpins on Google Maps point to false business addresses created by firms pretending to be nearby
David Ingram / NBC News:
Inside Facebook's new Strategic Response team, tasked with quickly reacting to geopolitical events, as it grapples with Facebook's role in Myanmar and elsewhere  —  The Strategic Response team's job is to find and help put in place concrete changes to Facebook's products that could prevent violence in conflict-torn countries.
Alan Ohnsman / Forbes:
Waymo partners with Renault and Nissan to explore creating driverless mobility services in France and Japan  —  Waymo, Alphabet Inc.'s self-driving vehicle unit, is preparing to expand the scope of its autonomous tech efforts beyond the U.S. in a new partnership with the Renault-Nissan Alliance aimed …
Terry Spencer / Associated Press:
A Florida city council votes to pay $600K ransom to hackers who, over three weeks ago, encrypted city records, disabled its email system, and more  —  FORT LAUDERDALE, Fla. (AP) — A Florida city agreed to pay $600,000 in ransom to hackers who took over its computer system …

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