Techmeme
September 23, 2019, 2:05 AM

Top News

Wall Street Journal:
Sources: several WeWork directors, including SoftBank members, plan to push for Adam Neumann to step down as CEO  —  SoftBank officials are among those expected to push for Neumann ouster  —  A bloc of WeWork directors is planning to push Adam Neumann to step down as chief executive …
Josh Constine / TechCrunch:
A look at Peloton, which may raise $1.2B in this week's IPO and sells $2.3K iPad-equipped stationary bikes and $40/mo. cycling video subscriptions to 510K+ subs  —  13 reasons this bike has a cult  —  It makes lazy people like me work out.  That's the genius of the Peloton bicycle.
Chris Welch / The Verge:
TiVo confirms it is planning to place pre-roll video ads before DVR recordings for all customers, even those with a lifetime subscription plan  —  Rolling out to TiVo's current devices over the next 90 days  —  So much for it being an early, experimental test.
James V. Grimaldi / Wall Street Journal:
Sources: anti-Amazon “grass roots” non-profit FFMI, which actively lobbies and influences media op-eds, is funded by Walmart, Oracle, other Amazon competitors  —  Walmart, Oracle and mall owner Simon Property Group are secret funders behind a nonprofit that has been highly critical of the e-commerce giant
Emily Stewart / Vox:
Polling of US adults shows that most, across party lines, support breaking up Big Tech, such as reversing Facebook's Instagram purchase, to improve competition  —  One hundred cardboard cutouts of Facebook founder and CEO Mark Zuckerberg stand outside the US Capitol in Washington, DC …
Connie Loizos / TechCrunch:
Legalist, which funds lawsuits for a cut of settlements based on algorithmically calculated chances of winning, raises a $100M legal fund, ~10x its first one  —  If you haven't heard much about litigation finance, that may change soon.  The practice dates back decades …
Joanna Glasner / Crunchbase News:
The number of $5M+ seed rounds in the US has risen steadily, from 45 in 2014 to 180 in 2018, but the trend may be cooling off, with 110 such rounds in 2019 YTD  —  Here at Crunchbase News, we've devoted a lot of coverage to the rise of supergiant rounds — our term for startup investments of $100 million and up.

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More News

William Foxley / CoinDesk:

Earlier Picks

Dr. Ian Cutress / AnandTech:
Erin Griffith / New York Times: