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Mobile Minutes: IPO chill; CNN?s video play; Apple Music; Facebook?s Instant Articles

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

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. 

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.?

Four months after its debut, Facebook Paper was apparently losing eyeballs.?