The timing of Intel CEO Brian Krzanich’s large sale of shares in November is raising questions because a Securities and Exchange Commission filing appeared to show that the transactions were planned after the company was informed about the Meltdown and Spectre bugs, but before they were made public. Read More
05
Jan
2018
After Meltdown and Spectre revelation, questions arise about timing of Intel CEO’s stock sales
The timing of Intel CEO Brian Krzanich’s large sale of shares in November is raising questions because a Securities and Exchange Commission filing appeared to show that the transactions were planned after the company was informed about the Meltdown and Spectre bugs, but before they were made public. Read More
Google has added Chinese mobile game livestreaming platform Chushou to its list of investments in Asia. The Beijing-based startup announced today that it has closed a Series D round, which Google joined as a new investor, that brings its total funding so far to over $120 million. Chushou’s previous investors Qiming Venture, Shunwei Capital and Alpha X Capital, also returned for this round. 
Uber founder and former CEO Travis Kalanick plans to sell nearly a third of his shares in the company, reports Bloomberg. The transaction would be part of the tender offer in which SoftBank Group agreed to buy shares in Uber valuing it at $48 billion, a huge discount from its last fundraising valuation. According to Bloomberg’s sources, Kalanick wants to sell 29% of his stake and would… 
GoPro is in the process of laying off around 200-300 employees this week, TechCrunch has learned from sources close to the company. The hits to the company were largely concentrated in its aerial division, the segment of the company responsible for its Karma drone. In a letter to impacted employees GoPro explained these cuts are part of a larger restructuring “to better align our… 
Short-form content from CBS’ late-night shows “The Late Show with Stephen Colbert” and “The Late Late Show with James Corden” will now appear on Facebook Watch, according to multiple reports. It’s the latest effort by Facebook to make Watch a thing. Clips of the Late Show with Stephen Colbert, now the most popular late-night talk show, will begin appearing… 
Apple isn’t immune to Meltdown and Spectre, the major bugs in basic computing architecture that were announced yesterday to widespread amazement and horror. In an announcement, the company said that “all Mac systems and iOS devices are affected,” which sounds right, but that mitigations are either already in place or on the way. 
Spotify just announced it’s killing it on the subscriber front. As of today, Spotify has 70 million subscribers compared to Apple Music’s 30 million. Last July, Spotify had more than 60 million paid listeners and over 140 million active users. There’s essentially no better time than one day after news leaks about Spotify’s confidential filing to go public to announce a… 
Winter isn’t coming any time soon. Today HBO broke it to dedicated fans the world over that Game of Thrones won’t be returning until 2019. Game of Thrones star actress Sophie Turner gave as much away in an interview with Variety last month, though many fans were still awaiting an official confirmation of their darkest fears. 
Jimmy Iovine, the music mogul who sold Beats to Apple in 2014, is reportedly leaving Apple later this year (in August), Billboard reports. Word on the street is that Iovine’s departure is timed with his Apple shares fully vesting, according to Billboard.
Back in May 2014, Apple paid $3 billion for the headphone maker and streaming music service. As part of the deal, Iovine and Beats…