Techmeme: CYNK Technology, a dubious “social networking” company with no revenue, valued at $4B after 25,000% market rise in a few weeks (Myles Udland/Business Insider)

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July 10, 2014, 5:35 PM

Top News

Satya Nadella / Microsoft Corporation:

Nadella: “Microsoft is the productivity and platform company for the mobile-first and cloud-first world”, reaffirms commitment to Xbox — Satya Nadella's email to employees: Bold ambition and our core — Team, As we start FY15, I want to thank you for all of your contributions this past year.

Joshua Topolsky / The Verge:

A chat with Microsoft's CEO: why Apple and Google haven't won yet — “Guess what, you're just not a consumer.” — Satya Nadella has been CEO of Microsoft for five months, and he's made it clear he intends to change and re-focus the software behemoth as it navigates the next generations of technological change.

More: CNET and WMPoweruser

Nancy Gohring / CITEworld:

The three most important things in Satya Nadella's mega-memo — One thing we know about Microsoft CEO Satya Nadella — he's a fan of long memos. — Today's memo to employees, posted online, rambles through a tweak to Microsoft's mission, emphasizes a commitment to Xbox …

More: PC World, GeekWire and TechCrunch. Thanks:@citeworld

Federal Trade Commission:

FTC Alleges Amazon Unlawfully Billed Parents for Millions of Dollars in Children's Unauthorized In-App Charges — No Password or Other Indication of Parental Consent Was Required for Charges in Kids' Apps; Internal E-mail Referred to Situation as “House on Fire”—Amazon.com …

More: 9to5Google, PandoDaily, PC Magazine, The Next Web, VentureBeat, BBC, TechCrunch, Guardian, ABC News, Re/code, CNET, AppleInsider, Gigaom, Gizmodo, Fortune, The Verge, Ars Technica, Engadget, SiliconBeat, Forbes, MobileBurn.com, Washington Post, ZDNet, USA Today, GeekWire, Ubergizmo, TechnoBuffalo and HotHardware.com News

Tweets: @edithramirezftc, @edithramirezftc and @tonyromm

Ingrid Lunden / TechCrunch:

Amazon Goes After Box, Dropbox And Huddle, Launches Zocalo For Secure Enterprise Storage — E-Commerce giant Amazon has made huge competitive inroads into the cloud services market with Amazon Web Services, and today it's adding another feature that will put it into direct competition …

More: Gigaom, Data Center Knowledge, VentureBeat, The Register, Fortune, GeekWire, VentureBeat, Amazon.com, TechnoBuffalo, CITEworld, Gigaom Research, Forbes, ZDNet, CNET and GeekWire

Lorraine Luk / Wall Street Journal:

TSMC Starts Shipping Microprocessors to Apple — iPhone and iPad Maker Seeks to Diversify Suppliers After Samsung Dispute — Chip giant Taiwan Semiconductor Manufacturing has started filling orders for the brains in Apple's iPhones and iPads, a significant step in Apple's push to diversify its suppliers.

Ryan Lawler / TechCrunch:

Kent Goldman's New Seed-Stage Fund Is A Partnership Where Founders Share In The Upside — When Kent Goldman left First Round Capital earlier this year, he did so with plans to start his own investment firm. Now he's ready to talk about the firm, which is called Upside Partnership and just closed …

More: Upside Partnership, New York Times, StrictlyVC, CNET, PE Hub Blog, Wall Street Journal and VentureBeat. Tweets: @startupljackson. Thanks:@mayarahkonen

Harrison Weber / VentureBeat:

TaskRabbit pivots, launches on-demand service for cleaning, handiwork, moving, & errands — TaskRabbit just killed off its famous task bidding system for an new model: instantly bookable services in four of its most popular categories. — News of the change was shared last month to ease …

More: TechCrunch, TaskRabbit Blog and The Verge

Ryan Lawler / TechCrunch:

Restaurant Payments App Cover Raises $5.5 Million From Spark Capital — Cover wants to facilitate the process of paying your check at the end of the meal, removing friction and encouraging more restaurants to accept mobile payments. To get more restaurants — and users — signed up …

More: Re/code and Wall Street Journal

Mark Gurman / 9to5Mac:

Misfit teams up with Beddit to sell branded sleep tracking hardware, integrates with iOS app — Misfit, the creator of the popular shine fitness tracking wearable, and Beddit, the creator of sleep analysis hardware, today announced a partnership that brings sleep tracking to Misfit's iOS app.

More: Gigaom, Engadget, The Next Web, CNET, MacRumors, TechCrunch, TUAW and Electronista

Janko Roettgers / Gigaom:

Chromecast and Roku sold an estimated 3.8M units each in 2013 in the US, compared to 2M Apple TVs — Roku and Chromecast go head-to-head in streaming race, Apple TV falling behind — Roku and Chromecast were the two most successful streaming devices sold in the U.S. in 2013 …

More: DailyTech and The Mac Observer

Brooke Crothers / CNET:

PCs see surprising gain in US as global decline slows, but Apple slips — PCs are seeing surprising strength, especially in the US, according to IDC. Are some tablet models starting a slow fade? — HP EliteBook Folio 1040: HP gained, as business laptops are seeing strength. — Hewlett-Packard

More: IDC, Gartner, ZDNet, Engadget, InfoWorld, Tech Times, Fortune, USA Today, TIME, eWeek and SlashGear

Myles Udland / Business Insider:

CYNK Technology, a dubious “social networking” company with no revenue, valued at $4B after 25,000% market rise in a few weeks — A ‘Social Networking’ Stock Has Exploded 25,000% In A Few Days, And It's Not Even Clear If The Company Exists — This is a chart showing trading …

More: Wall Street Journal, BuzzFeed, PandoDaily, Zero Hedge, ValueWalk, Valleywag, Tech Trader Daily, New York Magazine and Daily Dot

Grant Gross / Computerworld:

Senate committee unanimously approves mobile phone unlocking bill — The legislation would overturn a Library of Congress decision to remove legal protections for unlocking — The U.S. Senate Judiciary Committee has voted to approve legislation that would allow mobile phone owners to unlock …

More: CNET

Jordan Kahn / 9to5Mac:

Apple brings iTunes Extras to Apple TV, HD Extras to Macs today & iOS 8 in fall — Apple today released iTunes version 11.3 and with it is making its iTunes Extras feature available for HD movies on Macs. Apple also announced today that the feature is now available for Apple TV with update 6.2 and will arrive on iOS 8 this fall.

More: BetaNews, Macworld, Variety, Hollywood Reporter, AppleInsider, App Advice and Cult of Mac

See also Mediagazer

Jon Brodkin / Ars Technica:

There's “no congestion,” Verizon says, despite continued Netflix problems — Verizon used this illustration to make its case against Netflix. — Verizon — It's been 10 weeks since Verizon and Netflix struck a deal in which Netflix will pay the ISP for a direct connection to its network.

More: Verizon Public Policy, The Verge, BGR, DSLreports and TIME. Tweets: @stevekovach

Reuters:

Access to Google services within China returns — (Reuters) - Users in China were able to access online services for Google Inc on Thursday, after more than a month of severe disruption that almost completely blocked people from using features such as its search, maps and e-mail functions.

More: 9to5Google

Janko Roettgers / Gigaom:

Sonos is finally adding SoundCloud support — It's been a long time coming, but Sonos has finally added SoundCloud to the list of music services officially supported by its internet-connected loudspeakers. SoundCloud music became available in beta through the Sonos app Thursday …

More: The Sonos Blog, Silicon Allee News, Ubergizmo, iMore and The Verge

David Meyer / Gigaom:

UK fast-tracks communications data retention law in attempt to expand powers overseas — As reported a few days ago, the U.K. is set to introduce emergency legislation to respond to a recent ruling by Europe's top court, which struck down an EU-wide law forcing communications firms to hang …

More: GOV.UK departments and policy, Guardian, PandoDaily, Guardian, BBC, The Register, Alec Muffett, CrackBerry.com, Bloomberg, TechCrunch, ComputerWeekly, The Next Web, The Register, Associated Press, Telegraph, ZDNet, PC World and Wall Street Journal

Tom Brewster / Guardian:

Silent Circle takes on Skype and Viber with global, encrypted phone calls — Secure comms firm promises ‘beautiful disruption’ with its new Silent Phone calling plans, but will businesses agree? — Silent Circle's Silent Phone service. — Secure communications firm Silent Circle is taking …

More: Engadget, PR Newswire, Gigaom and The Register

Frederic Lardinois / TechCrunch:

Google, Microsoft, IBM And Others Collaborate To Make Managing Docker Containers Easier — It's not often that you see this combination of backers, but today, Microsoft, Red Hat, IBM, Docker, Mesosphere, CoreOS and SaltStack all banded together to support Google's open-source Kubernetes project for managing Docker containers.

More: Google Cloud Platform Blog, Microsoft Azure Blog, InfoWorld, MS OpenTech, Data Center Knowledge and Gigaom

TechCrunch:

LinkedIn Steps Up Its AI Play, Turns Its Contacts App Into A New Connected App — With 40% of LinkedIn's 300 million users accessing the social network for professionals via mobile devices, the company has been stepping up a gear on its mobile business, adding new apps around specific experiences like job hunting.

More: Official LinkedIn Blog, The Next Web, VentureBeat, ReadWrite, 9to5Mac, ITworld.com, Business Insider and ZDNet

Emil Protalinski / The Next Web:

Airbnb revamps its review system: Hosts and guests see feedback simultaneously, review period cut to 14 days — Airbnb today announced it has revamped its review system to promote more and more honest feedback. Given that the accommodation service is completely built on trust …

More: The Airbnb Blog and CNET

Taylor Soper / GeekWire:

Ready for takeoff: Microsoft's iconic Flight Simulator revived, coming to Steam — Microsoft Flight Simulator is making a comeback — but Microsoft won't be doing any of the work to make it happen. Dovetail Games, makers of the Train Simulator franchise, has signed a global licensing deal …

More: Dovetail Games, PC Gamer, TIME, Neowin, Eurogamer.net, and Rock, Paper, Shotgun. Thanks:@toddbishop

Dawn Chmielewski / Re/code:

bop.fm, which lets you share playlists that work with multiple music services, raises $2M — Y Combinator Music Startup Bop.fm Raises $2 Million — At a time when digital music ventures are suddenly hot commodities, the Y Combinator-backed startup Bop.fm has raised $2 million from a group of investors led by Charles River Ventures.

More: VentureBeat, Gigaom, Wall Street Journal, hypebot and Forbes

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