Techmeme
June 1, 2018, 2:10 PM

Top News

Barbara Ortutay / Associated Press:
Facebook to shut down Trending after four years and tests new features, including a breaking news label that publishers can add to stories and Today In section  —  Facebook is shutting down its sometimes-problematic “trending” news section after four years.
Dan Rys / Billboard:
Spotify updates its hateful content and conduct policy, says it will no longer use the provision that led to removal of R. Kelly and XXXTentacion from playlists  —  Three weeks after Spotify announced a new policy regarding hate content and hateful conduct on its service …
The Information:
Sources: Lyft has agreed to acquire the bike-sharing startup Motivate, likely for $250M or more  —  Lyft has agreed to buy Motivate, which runs some of the biggest U.S. bike-share programs, according to two people briefed about the deal.  The acquisition, which is likely to be worth $250 million or more …
Patrick Collinson / The Guardian:
Visa says it is experiencing a service disruption preventing some Visa transactions in Europe from being processed  —  Card giant confirms it is suffering an outage and is investigating the cause  —  Visa's payment network has crashed across the UK and Europe, sparking chaos as transactions are failing or being denied.
SV Angel:
SV Angel no longer raising funds for seed rounds; Ron and Topher Conway will invest their personal money at $25K-$100K per company and co-manage existing funds  —  The investing ecosystem has gone through significant changes over the last 10 years.  When we started SV Angel, there were just a handful of funds investing in seed rounds.
Frederic Lardinois / TechCrunch:
Microsoft announces an update for Microsoft Launcher for Android letting parents track kids' location, and MSN Kids, a new curated news website for children  —  Microsoft is launching an update to its Android launcher today that gives parents the ability to track their kids' location.
Makiko Yamazaki / Reuters:
Toshiba says it has concluded the $18B sale of its microchip unit to a consortium led by Bain Capital  —  TOKYO (Reuters) - Japan's Toshiba Corp said on Friday it had completed the $18 billion sale of its chip unit to a consortium led by U.S. private equity firm Bain Capital.
Tom Simonite / Wired:
Interview with United States Digital Service head Matt Cutts, an ex-Googler, on the unit's work, and projects he highlights while working under Trump  —  THE TRUMP ADMINISTRATION doesn't hold much regard for asylum seekers or projects started by President Obama.

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Earlier Picks

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