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Tencent Leads $300 Million Funding Round for Reddit

Billboard reports: "Social media service Reddit Inc. says it has raised $300 million in a financing round led by Chinese internet giant Tencent. Reddit's...

Vice Media to Reorganize, Lay Off 10 Percent of Staff

The Hollywood Reporter reports: "The cuts, which will impact around 250 people, are part of new CEO Nancy Dubuc's strategic plan to tighten spending...

Yahoo breach settlement rejected by judge

The Verge reports: "Monday night, a federal judge rejected a settlement proposed by Yahoo in a class-action suit brought against the company after it...

Apple reportedly plans games subscription service akin to Netflix

Venture Beat reports: "Apple has a rough track record where games are concerned, frequently snatching defeat from the jaws of victory when it attempts new gaming...

Google asks U.S. Supreme Court to reverse Oracle’s Android copyright ruling

Venture Beat reports: "Alphabet’s Google on Thursday asked the U.S. Supreme Court to reverse a ruling that resurrected a billion-dollar copyright case brought by Oracle that...

HuffPost Lays Off At Least 15 Staffers Amid Verizon Media Cuts

The Hollywood Reporter reports: "At least 15 HuffPost employees were laid off on Thursday as part of 7 percent cross-company cuts made by parent...

BuzzFeed to Lay Off 15 Percent of Company Workforce

Billboard reports: "BuzzFeed is laying off 15 percent of its workforce, about 215 people, sources tell The Hollywood Reporter. CEO Jonah Peretti on Wednesday (Jan. 23)...

Google Fined $57M By French Regulators For Breaching New EU Privacy...

Billboard reports: "France’s data privacy watchdog fined Google €50 million ($57 million) on Monday, the first penalty for a U.S. tech giant under new European...

Amazon Emerges as Most Valuable US Company Amid Market Turmoil

Billboard reports: "Amazon has eclipsed Microsoft as the most valuable publicly traded company in the U.S. as a see-sawing stock market continues to reshuffle...

Apple Stock Price Plunges After Earnings Warning

Variety reports: "Apple shares sank about 9% at the start of trading Thursday, a day after the company issued a rare earnings warning that it...
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ChaCha Lands $7 Million for Mobile Answers Service

Indianapolis, Ind. - ChaCha, a text message-based search engine service, announced on Monday that it has raised $7 million in its fifth round of venture capital financing. ...

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