Techmeme
August 1, 2015, 3:51 AM

Top News

Wall Street Journal:
Sources: Uber closed round of nearly $1B with Microsoft participating, valuing the company at over $50B and bringing total funding to more than $5B  —  Uber Valued at More Than $50 Billion  —  Ride-sharing app, which just closed a funding round, reaches mark faster than Facebook
Dina Bass / Bloomberg Business:
Microsoft Said to Invest About $100 Million in Startup Uber  —  Microsoft Corp. has agreed to invest about $100 million in Uber Technologies Inc. at a valuation of approximately $50 billion, a person with knowledge of the matter said.  —  The deal was finalized earlier on Friday …
More: Forbes and Neowin
Anthony Ha / TechCrunch:
Yahoo Will Acquire Fashion Startup Polyvore  —  Yahoo just announced that it has reached an agreement to acquire style-focused community Polyvore.  —  In a blog post about the deal, Yahoo's senior vice president of publisher products Simon Khalaf highlighted “Polyvore's expertise …
Dan Seifert / The Verge:
YotaPhone cancels US launch of YotaPhone 2 despite successful Indiegogo campaign, citing complications with its manufacturing partners  —  YotaPhone 2 won't be coming to the US  —  Yota Devices revealed today that it is canceling its plans to launch the YotaPhone 2 in the US, citing complications with its manufacturing partners.
Kurt Wagner / Re/code:
Trevor O'Brien, the Product Lead Running All Twitter Apps, Is Departing  —  Another key product exec is leaving Twitter.  —  Trevor O'Brien, who joined Twitter a year and a half ago from YouTube and oversees product for Twitter's iOS and Android apps, is departing the company, according to multiple sources.
More: BuzzFeedTweets: @heyheyesj
Mike Masnick / Techdirt:
4th Amendment Lives: Court Tells US Government Get A Warrant If It Wants Mobile Phone Location Info  —  A potentially big ruling came out of the courtroom of Judge Lucy Koh yesterday, in which she affirmed a magistrate judge's decision to tell the government to get a warrant if it wants …
More: ZDNet
Heather Somerville / Mercury News:
Lyft forgoes global expansion in favor of U.S. market domination  —  SAN FRANCISCO — Lyft has walked back years of promises about a global expansion, and instead the car-booking company is doubling down on the U.S. market, hoping to beat its biggest foe here at home.
Tweets: @glennf
Whitepages:
Insurance and the Shift Towards API Automation and Cloud-Based Platforms  —  Similar to what has been seen in banking and e-commerce, the insurance industry is changing at a rapid rate.  In order to stay on top of these changes, it is crucial that all of us in the insurance industry …
Recent Sponsor Post
Owen Williams / The Next Web:
Kim Dotcom no longer involved with Mega, plans to create open-source, non-profit competitor  —  Kim Dotcom: 'I don't think your data is safe on Mega anymore'  —  In a Q&A session with Slashdot users this week, Kim Dotcom, the infamous former millionaire at the center of a US court case against Megaupload …
Biz Carson / Business Insider:
Frontback announces they will not shut down, after signing an agreement with a new partner  —  Frontback, the once-hot startup that rejected a $40 million Twitter acquisition, is back from the dead  —  The selfie app Frontback has found a new partner and narrowly avoided shutting down.
More: FrontbackThanks:@bizcarson
Sarah Perez / TechCrunch:
Dropbox Arrives On Roku With An App For Viewing Your Personal Photos And Movies  —  Dropbox has launched on the Roku, with an app that allows you to view the photos and videos you have stored in your account directly on your TV by way of Roku's streaming media player.

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Ian Paul / Greenbot:

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