Sky-high valuations are starting to backfire on some Silicon Valley companies that are trying to raise more money or go public.
Read more on The Wall Street Journal

CNN chases super positive cord-cutters with Facebook targeted video network Great Big Story
A prominent cable news channel is ditching the cord for its latest initiative and taking a deep dive into mobile and social. CNN, owned by Turner Broadcasting System Inc., has launched a new series called “Great Big Story” that will not air on television and instead be distributed first via CNN’s desktop site and mobile apps and also shared exclusively on Facebook, for now.
Read more on International Business Times

Apple Music hits 6.5 million paid users: Tim Cook
Apple Inc’s new music streaming service has netted more than 6.5 million paid users, the tech giant’s Chief Executive Officer Tim Cook said on Monday.
Read more on Reuters

How Facebook turned unloved Paper into Instant Articles
Four months after its debut, Facebook Paper was apparently losing eyeballs.
Read more on Wired