Good morning! Here is the tech news you need to know this Friday.
1. Uber employees are conflicted over Travis Kalanick’s resignation. Over 1,000 have petitioned for his return.
2. Tesla is planning on creating its own proprietary music-streaming service, Recode first reported. Tesla CEO Elon Musk is in talks with major labels about creating a streaming service that would come bundled in all Tesla vehicles, according to the report.
3. Imagination Technologies has put itself up for sale. The move comes less than three months after Apple said it no longer wants to use its chip designs.
4. Facebook is fighting hate speech with the husband of murdered MP Jo Cox. It’s launched the “Online Civil Courage Initiative” (OCCI) in the UK and enlisted the help of Brendan Cox.
5. Online luxury fashion retailer Farfetch has raised close to $US400 million (£315.5 million). The money came from online Chinese mall JD.com, which is one of China’s biggest e-commerce companies.
6. Facebook is trying to stop scammers from stealing users’ profile pictures. The social network has developed new tools designed to protect people’s images from theft.
7. A leaked guestlist shows Snapchat sent 48 employees to court advertisers at the Cannes Lions Festival. Snapchat CEO Evan Spiegel was among them.
8. Tech billionaire Sean Parker has stepped down from Spotify’s board of directors as the company prepares to IPO. He has been on the board for seven years.
9. Elon Musk was the reason one of Apple’s most famous developers left Tesla after only six months. Chris Lattner and Tesla CEO Elon Musk didn’t get along.
10. Apple is planning to renegotiate the terms with music labels to reduce their revenue cut from its streaming service, according to a Bloomberg report. The deal Apple has with record labels is due to the expire at the end of the month.
Business Insider Emails & Alerts
Site highlights each day to your inbox.