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Travis Kalanick resigns as Uber CEO
Posted June 21, 2017 0:6 AM
Travis Kalanick resigns as Uber CEO

Travis Kalanick, cofounder and CEO of Uber, has stepped down as the ride-hailing company's top executive.

“I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors request to step aside so that Uber can go back to building rather than be distracted with another fight," Kalanick said in a statement obtained by The New York Times early Wednesday morning.

Kalanick will stay on Uber's board of directors.

Kalanick had taken a leave of absence amid a number of internal scandals that have plagued the company in recent months. He faced strong opposition from Uber shareholders, ultimately forcing him to step down, The Times' Mike Isaac reported.


10 things in tech you need to know today (AAPL, FB, SNAP)

Good morning! Here's the tech news you need to know midweek.

1. Travis Kalanick has resigned as CEO of Uber. The ride-hailing startup has been rocked by months of scandals.

2. Apple CEO Tim Cook talked to Donald Trump about immigration. Alongside other tech execs, Cook attended meetings at the White House on Monday.

3. Apple's global head of security says more leaks are now coming out of Apple headquarters than its Asian factories. A presentation of how Apple tries to stop leaks has leaked.

4.


The ex-Apple exec behind iOS tells the story of the time Steve Jobs saved his life (AAPL)

Steve Jobs, the late cofounder and CEO of Apple, was known as much for his difficult managerial style and confrontational attitude as he was for his unrivaled product vision.

In his first public appearance in five years, ex-Apple exec and iPhone co-inventor Scott Forstall said that there was a lot more to Jobs than met the eye. He says that any given random lunch with Jobs could be more stressful than a sit-down dinner with a world leader, sure — but there was a softer side to him, too.

"[Jobs] was really compassionate and dedicated to his friends and relatives," Forstall says.

Forstall's comments came at an event at the Computer History Museum in Mountain View, California.

Since his


Salon removes article calling Otto Warmbier 'America's idiot fratboy'

Left-leaning website Salon has removed a controversial 2016 article criticizing Otto Warmbier, the 22-year-old American student who died after being imprisoned for 17 months in North Korea for attempting to take a sign.

In a statement on Tuesday, Executive Editor Andrew O'Hehir told Business Insider that the site chose to remove the article, titled "This might be America’s biggest idiot frat boy: Meet the UVa student who thought he could pull a prank in North Korea," noting the article was a write-up of a segment on the Nightly Show, a late night talk show that ran on Comedy Central from 2015 to 2016.

 

O'Hehir said he wasn't aware of the article until Tuesday. 

"It was a 200-word post wrapped around the March 2016 Larry Wilmore clip about Warmbier, one of numerous late-night roundup pieces Salon and many other sites post over the weekend," O'Hehir said.


Cisco thinks it’s solved an “unsolvable” encryption security challenge (CSCO)

Cisco has come up with a whole new way to fight malware. 

On Tuesday, the company unveiled a new smart network system. Using machine learning, the network's Encrypted Traffic Analytics software can sort through internet data to look for telltale signs of malicious software.

The service is specifically designed to detect malware in encrypted traffic, and Cisco says it has a 99 percent accuracy rate doing so.  

“Cisco’s Encrypted Traffic Analytics solves a network security challenge previously thought to be unsolvable,” David Goeckeler, SVP and GM of networking and security, told the crowd today at a media event in San Francisco.

Malware sent through encrypted files is a major source of security breaches. Technologists have struggled to detect such malware without decrypting files, meaning they've faced a trade off between security and privacy.


The new Transformers movie is fun and insane, but way too long

With “Transformers: The Last Knight” (opening in theaters on Wednesday), we have arrived at the fifth movie in the series based on the legendary Hasbro toys — perhaps the franchise that’s most in on the joke that everything on the screen is just insane.

Director Michael Bay’s final time (or so he says) at the helm of the franchise is filled with a lot of fun and bizarre moments to counter the serious tone of the story, which includes Optimus Prime turning evil and the possibility that the world will come to an end.

But not even the unusual sight of Anthony Hopkins acting across a Transformer is worth a summer movie with a running time of over two hours, and that’s what you’ll have to go through if you decide to go see this movie. (But those who have watched the entire franchise, or many of Bay’s movies, know what they're getting into here.)


Banking startup Soldo gets $11million from Accel as it pivots to business accounts

LONDON — Banking startup Soldo has secured $11 million (£8.6 million) in funding for its new business service, which allows companies to manage and track employee spending via their app.

Soldo announced on Wednesday that it had closed a Series A funding round, led by tech investors Accel. Accel's previous investments include the likes of Facebook, Dropbox, and Deliveroo.

Soldo's app lets an unlimited number of people use a single bank account. This lets businesses minimise time-consuming and costly admin, streamline a company's spending, and ensure all transactions are transparent and trackable.


Atom Bank gets £30 million from the government as Philip Hammond pledges investment boost

LONDON — Startup bank Atom has received a £30 million funding boost from the state-owned British Business Bank (BBB).

British Business Bank Investments, the commercial arm of the BBB, announced it has agreed a £30 million Tier 2 capital facility with Atom, a digital-only bank founded in 2014. The facility, effectively a loan to Atom, will allow the Durham-based bank to lend out more money to small businesses.

Banks are required to maintain a certain amount of capital to secure their lending and other assets. This capital is given different classifications, based on how easily it can be liquidated and how reliably it can be priced. Tier 2 Capital, as you'd expect from the name, sits below Tier 1 Capital in the pecking order.


There could be a big deal in the software sector in the works (CA)

There could be a big deal in the software sector in the works. 

BMC Software and CA Inc. are considering a combination that would take publicly-listed CA Inc. private, according to Kiel Porter and Alex Sherman at Bloomberg

CA Inc.'s stock price jumped close to 8% on the news. The company is valued at around $13.3 billion. 

BMC creates software and services that assist businesses in moving to digital operations, and is owned by two private equity firms, Bain Capital and Golden Gate Capital.

CA Inc., which was once known as Computer Associates International, provides software solutions that help customers plan, develop, manage and secure applications.


Now is a great time to be a Nintendo fan
Posted June 20, 2017 4:34 PM
Now is a great time to be a Nintendo fan

It's a great time to be a Nintendo fan.

There are a lot of reasons that this is the case, but let's start with the most obvious: 2017 is the first year with main entries in both the "Super Mario" and "Legend of Zelda" series since 2002. No joke!

As Ars Technica's Kyle Orland succinctly put it:

Calendar years with a mainline Mario AND Zelda console game:* 1986* 2002* 2017So expect the stars to align again in 2032 or 2033.

— Kyle Orland (@KyleOrl) June 16, 2017

I'm of course talking about the excellent "Legend of Zelda: Breath of the Wild" and the upcoming (crazy looking!) "Super Mario Odyssey."

The former is already available (seen below), while the latter is