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January 5, 2018, 6:10 AM
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Top News

Billboard:
Sources: Jimmy Iovine to leave Apple Music in August, a time believed to coincide with the full vesting of his Apple stock  —  His planned departure is likely timed to his shares fully vesting, sources tell Billboard.  —  Look for Jimmy Iovine to leave Apple Music in August.
Jeremy Horwitz / VentureBeat:
Intel begins issuing patches to combat Spectre and Meltdown flaws, with plans to release updates for 90% of chips from past five years this week  —  Following up on yesterday's confirmation that security exploits can compromise computers with Intel processors, Intel today announced a timetable …
Ina Fried / Axios:
Apple says all Mac, iOS devices affected by Meltdown and Spectre; Meltdown defense added in iOS 11.2, macOS 10.13.2; Spectre patch for Safari coming within days  —  After more than a day of silence, Apple confirmed Thursday that the Mac, iPhone and iPad are all affected by the recently disclosed massive chip vulnerability.
Tony Romm / Recode:
Sources: FCC Chairman Ajit Pai canceled his scheduled appearance at CES after receiving death threats  —  The threats have intensified following an FCC vote to repeal net neutrality rules.  —  Federal Communications Commission Chairman Ajit Pai canceled his scheduled appearance …
Tony Romm / Recode:
FCC releases final text of the order overturning net neutrality and statements from Pai, O'Rielly and Carr in support and Rosenworcel and Clyburn in opposition
Eric Newcomer / Bloomberg:
Sources: Kalanick plans to sell ~29% of his 10% Uber stake, worth about $1.4B, to SoftBank consortium after offering 50%, the maximum allowed for board members  —  Former Uber Technologies Inc. Chief Executive Officer Travis Kalanick, who has long boasted that he's never sold any shares …
Apple:
App Store customers spent $300M worldwide on New Year's Day and spent over $890M in the week starting Dec. 24; developers earned $26.5B in 2017, up 30%+ YoY  —  New Year's Day Sets Record With $300 Million in Purchases  —  Cupertino, California — App Store customers around the world …
Michelle Castillo / CNBC:
Mark Zuckerberg says his 2018 personal challenge will be addressing issues like interference by nation states, abuse, quality of time spent on platform  —  Facebook CEO Mark Zuckerberg's mission in 2018 is to fix Facebook's mounting issues from last year, including state interference and harassment on its platforms.
TechCrunch:
Sources: GoPro is cutting 200-300 jobs, largely impacting its Karma drone division  —  Jan 5, 2018, 1:31 amJan 5, 2018, 3:08 am  —  GoPro is in the process of laying off around 200-300 employees this week, TechCrunch has learned from sources close to the company.
More: Seeking Alpha.  Tweets: @johnmccrea.  Thanks:@mjburnsy
Stephen Shankland / CNET:
Apple quietly joined the Alliance for Open Media, focused on video compression tech, which counts Google, Amazon, Microsoft, and Facebook as members  —  For months, powerful companies including Google, Amazon, Microsoft and Facebook have been working to shrink online video sizes.
Evelyn Cheng / CNBC:
Ripple co-founder Chris Larsen reportedly owns 5.19B XRP tokens and a 17% stake in the company, valued at ~$59.9B after 36,000% increase in XRP value  —  - With Ripple's XRP coin hitting a high of $3.84, the company's co-founder and executive chairman, Chris Larsen, is now worth about $59.9 billion on paper.
Juli Clover / MacRumors:
Spotify says it has 70M paying subscribers, up from 60M in late July 2017, as the company prepares for an IPO  —  Spotify today announced on Twitter that it has hit a new milestone, with the streaming music service reaching a total of 70 million paid subscribers.

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This is a Techmeme archive page. It shows how the site appeared at 6:10 AM ET, January 5, 2018.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Caitlin Huston / The Hollywood Reporter:
Internal memo: Hearst Magazines president announces layoffs as part of a decision to “reallocate resources” to “continue our focus on digital innovation”

Jon Brodkin / Ars Technica:
FCC Chairwoman Jessica Rosenworcel announced she will leave the agency on January 20; she was the first woman to be confirmed to lead the agency

Lachlan Cartwright / The Ankler:
Sources: MSNBC renewed Rachel Maddow's contract early this fall, but with a pay cut; MSNBC bosses' plan to shake up daytime and weekend programming

More News

Steve Dent / Engadget:
TiVo's new cloud-based service lets TV providers add recommendations, voice control, more to set-top boxes; the service supports mobile and streaming devices
Will Oremus / Slate:
Calls for Twitter to ban President Trump are misguided and counterproductive; the biggest threat posed by @realDonaldTrump is to Trump's own presidency
Ingrid Lunden / TechCrunch:
Instagram confirms it's testing a feature that allows cross-posting of Stories to WhatsApp as a Status

Earlier Picks

Angelique Chrisafis / The Guardian:
French president proposes law to let authorities remove content or block sites publishing fake news during elections, improve sponsored content transparency
Tom Warren / The Verge:
Johnson Controls unveils $319 Cortana-powered thermostat called GLAS, which runs Windows 10 IoT Core; available now for preorder, ships in March
Pranav Dixit / BuzzFeed:
Reports suggest India's Aadhaar national ID database was breached, exposing information of ~1.2B Indians and allowing creation of admin accounts by other admins
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