Welcome to the new workweek. Congratulations to Facebook CEO Mark Zuckerberg and his wife, pediatrician Priscilla Chan, who are expecting a baby girl. Polyvore co-founder Jess Lee is now working for her old boss, Marissa Mayer. Square could be a public company this fall, but there are some pretty good reasons for Zynga to go private again. Finally, Data Sheet is officially a one-year-old newsletter this week. Celebrate its birthday. Encourage a colleague to subscribe. Enjoy your Monday!
TOP OF MIND
Yahoo fancies fashionistas. It is paying an undisclosed sum for Polyvore, which has emerged as an influential search and discovery channel for many fashion and lifestyle brands. The deal reunites Polyvore CEO Jess Lee with her mentor, Yahoo CEO Marissa Mayer.
Faster than Facebook. It took Uber only five years to reach its $50 billion valuation.
Surprise, Square could go public this fall. The company may be growing quicker than you think—maybe even faster than PayPal—largely due to its expanding portfolio of financial management services for small businesses.
There’s a good case for taking Zynga private. At least four different investor groups have considered a buyout of the gaming company over the past 12 months. The return of co-founder Mark Pincus as CEO has complicated matters.
Another day, another $100 million security bet. Zscaler sells a service that scrubs a company’s Internet traffic without requiring an “appliance.” Its new round, led by TPG Growth, comes one month after CrowdStrike raised the same amount from Google Capital.
They drive a hard bargain. A consortium of German automakers including Audi, BMW and Daimler is paying $3 billion to buy Nokia’s digital maps division. The technology will be used to steer autonomous vehicles.
Meanwhile, Alcatel-Lucent’s CEO is stepping aside on Sept. 1, as its $16.6 billion sale to Nokia nears completion.
Drone roundtable: Cooling down the UAV hype
In the world of unmanned aerial vehicles—better known as UAVs or drones—it can be hard to tell up from down. The FAA is still developing rules, while everyone from giants like Amazon to startups like Matternet promise the sky. One of the Wall Street Journal’s lead technology stories this morning talks up using tethers to extend battery life, improve data connections, and keep drones from wandering away.
According to insiders, slow regulation has let imaginations run a little too wild. To help clear the air, Fortune gathered insiders from the business, policy, and technical sides of the developing industry to talk about recent progress—and some obstacles that may be larger than they appear.
Visit Fortune.com for insights from Gretchen West, a consultant who previously headed a UAV trade association; Lisa Ellman, a former policy advisor to the Obama administration; and James Grimsley, a researcher and drone-maker CEO.
ALSO WORTH SHARING
Search me. Does Facebook want a piece of Google’s core business?
Pinterest hires iconic designer. Susan Kare created many of the classic interface elements of the original Apple Macintosh.
Wall Street loves spies when it comes to improving cybersecurity defenses.
Meet the world’s third biggest mobile phone maker, after Apple and Samsung.
AT&T’s latest bundle. Would you like a wireless plan with your DirectTV service?
Qualcomm prevails in patent appeal. The wireless chipmaker dodged a $173 million fine in a case by chip developer ParkerVision. But it still faces another legal challenge.
MY FORTUNE BOOKMARKS
Why Pinterest’s new diversity hiring goals actually matter by Kristen Bellstrom
Google used patents in bad faith against Microsoft, appeals court confirms by Jeff John Roberts
This Windows 10 feature is causing a lot of controversy by Michal Addady
Meet the 86%: This is why most Etsy sellers are women by Valentina Zarya
ONE MORE THING
End of the road for HitchBOT. The hitchhiking robot was heading cross-country from Massachusetts to California. Apparently, its journey was permanently ended by vandals in the City of Brotherly Love.
MARK YOUR CALENDAR
LinuxCon North America: All about open source. (Aug. 17 – 19; Seattle)
SuccessConnect: Simplify the way the world works. (Aug. 10 – 12; Las Vegas)
VMworld: The virtualization ecosystem. (Aug. 30 – Sept. 3, 2015; San Francisco)
Gartner Customer 360 Summit: Strategies for digital engagement. (Sept. 9 – 11; San Diego)
Dreamforce: The Salesforce community. (Sept. 15 – 18; San Francisco)
.conf2015: “Get your data on” with Splunk. (Sept. 21 – 24; Las Vegas)
Cassandra Summit: Largest gathering of Cassandra database developers. (Sept. 22 – 24; San Francisco)
AppSec USA: Application security principles. (Sept. 22 – 25; San Francisco)
BoxWorks: Cloud collaboration solutions. (Sept. 28 – 30; San Francisco)
Workday Rising: Meet and share. (Sept. 28 – Oct. 1; Las Vegas)
Minds+Machines: GE’s annual industrial Internet event. (Sept. 29 – Oct. 1; San Francisco)
HP Engage: Big data, big engagement. (Oct. 4 – 6; San Diego)
Gartner Symposium ITxpo: CIOs and senior IT executives. (Oct. 4 – 8; Orlando, Florida)
AWS re:Invent: The global Amazon Web services community. (Oct. 6 – 9; Las Vegas)
I Love APIs: Apigee’s annual conference. (Oct. 12 – 14; San Jose, California)
Grace Hopper Celebration of Women in Computing: World’s largest gather of women technologists. (Oct. 14 – 16; Houston)
DevOps Enterprise Summit: Lean principles meet technology management. (Oct. 19 – 21; San Francisco)
Dell World: Global conference for customers and partners. (Oct. 20 – 22; Austin, Texas)
CX San Francisco: Forrester’s forum for customer experience professionals. (Oct. 22 – 23)
Oracle OpenWorld: Customer and partner conference. (Oct. 25 – 29; San Francisco)
TBM Conference: Manage IT like a business. (Oct. 26 – 29; Chicago)
eBusiness Chicago: eBusiness and channel strategy. (Oct. 29 – 30)
QuickBooks Connect: SMBs, entrepreneurs, accountants and developers. (Nov. 2 – 4; San Jose, California)
CMO+CIO: Forrester’s summit on strategy collaboration. (Nov. 2 – 4; Sarasota, Florida)
Oktane: Identity management trends. (Nov. 2 – 4; Las Vegas)
FutureStack: Define your future with New Relic. (Nov. 11 – 13; San Francisco)