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May 26, 2016, 4:10 PM
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Andrew Ross Sorkin / New York Times:
Peter Thiel acknowledges he spent around $10M to fund a team of lawyers to help Gawker “victims” like Hulk Hogan sue the company, in act of “deterrence”  —  A billionaire Silicon Valley entrepreneur was outed as being gay by a media organization.
Kara Swisher / Recode:
As Facebook courts publishers, the company and some of its directors decline to comment on board member Peter Thiel's funding of lawsuit against Gawker  —  And there will also likely be no action, either.  —  Here's a very good question swirling around Silicon Valley and the media universe today …
TechCrunch:
Filing: Snapchat raised $1.8B in Series F round; leaked deck reveals $59M revenue in 2015, 110M DAUs in December  —  May 26, 2016, 2:59 amMay 26, 2016, 8:36 am  —  Earlier this week, we reported that the messaging app startup Snapchat was raising more money.  Now we have more updates for you.
Financial Times:
Sources: Apple had preliminary discussions about buying Time Warner last year as spending on original content set to increase  —  A top Apple executive raised the prospect of the iPhone maker buying Time Warner at a meeting with the owner of HBO, CNN and Warner Brothers, according to three people who were briefed on it.
Ken Yeung / VentureBeat:
Twilio publicly files for IPO, seeks listing on NYSE under ticker symbol TWLO; filing reveals $166.92M in revenue and $35.5M net loss in 2015  —  Twilio has filed paperwork with the Securities and Exchange Commission (SEC) to go public.  The telecommunications platform seeks to raise …
Devindra Hardawar / Engadget:
HP goes big on gaming with new Omen laptops and desktop  —  HP gave us a brief taste of the legendary Voodoo PC gaming brand with its Omen laptop over nearly two years ago.  Now, the company is bringing the Omen name to all of its gaming hardware — a new lineup of laptops and desktops, as well as a 32-inch quad-HD monitor.
Deborah Gage / Wall Street Journal:
Intel Capital restructures its investment team, opts not to sell part of portfolio that could have been worth $1B  —  The venture capital arm of Intel Corp. says it isn't planning any major changes to its portfolio  —  Intel Capital is restructuring its investment team …
Alex Kantrowitz / BuzzFeed:
Source: Twitter curtails development of Buy button and product pages, moves commerce team to other projects
Wall Street Journal:
Lenovo Q4 profit up 80% to $180M but revenue falls 24% to $9.13B YoY as PC demand slows  —  First-quarter profit up drastically, helped by cost cuts  —  HONG KONG—A year and a half ago, Lenovo Group Ltd. spent $5 billion to buy itself into growth sectors as the personal-computer market slowed.
Sarah Perez / TechCrunch:
Twitch launches Clips so gamers can quickly share short videos of their favorite moments  —  Live streaming platform and gamer community Twitch is today launching a new feature that it hopes will help spread its content further afield.  The company has now debuted Clips …

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From Mediagazer

Lili Loofbourow / Washington Post:
A look at Amazon Prime Video's election night show, with former NBC News anchor Brian Williams, a wide array of news team members and guests, and a surreal set

Sara Fischer / Axios:
How Trump and his allies could go after the media in his second term through harassment campaigns and lawsuits, draining the companies of time, money, and trust

Jennifer Maas / Variety:
Nexstar report Q3 revenue up 20.7% YoY to $1.37B, net income of $180M, up from $8M in Q3 2023, and record political ad revenue of $154M, up 16% from Q3 2020

More News

Roger Cheng / CNET:
HTC confirms it has stopped manufacturing Google's flagship tablet, the Nexus 9

Earlier Picks

Chris Welch / The Verge:
PayPal to discontinue mobile apps for Windows Phone, BlackBerry, and Amazon Fire on June 30
Barb Darrow / Fortune:
Salesforce to spend $400M on Amazon Web Services over next four years according to 10Q statement and sources
Jordan Crook / TechCrunch:
Uber and Foursquare sign global, multi-year agreement to license Places data, meaning customers will no longer have to know the exact address of venues
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