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7:05 AM ET, July 20, 2007


 Top Items: 
Justin Smith / Inside Facebook:
Breaking: Facebook Acquires Parakey  —  Just received word from Facebook that the company has made its first acquisition: Parakey, a startup founded by Blake Ross and Joe Hewitt, co-founders of Mozilla Firefox.  Ross and Hewitt will join Facebook immediately to work on the Facebook Platform.
Michael Arrington / TechCrunch:
FaceBook's First Acquisition: Parakey  —  Their first acquisition: Facebook has bought Parakey, the yet-to-launch "web operating system" created by Firefox co-founders Blake Ross and Joe Hewitt.  The price isn't being disclosed, but Facebook should be issuing a press release this afternoon.
Dave McClure / Master of 500 Hats:
Kottke is wrong — Facebook isn't AOL; it's Visual Basic.  —  For about a year or two, i've been meaning to do a followup piece on how Google, Microsoft, & Yahoo all screwed the pooch by not building out a REAL web application OS worth developing apps for, but i'm too late.  —  GYM is Old & Busted.
Duncan Riley / TechCrunch:
Could Facebook Become The Next Microsoft?  —  Amongst all the noise today over Facebook's acquisition of Parakey, little has been said on what the acquisition means for Facebook in the broader sense.  Robert Scoble says that Facebook is the new data black hole, noting that many of his favorite apps are now appearing on Facebook.
Robert Scoble / Scobleizer:
Facebook: the new data black hole  —  Oh, my.  —  I added the Wordpress Facebook Application a few days ago.  Now my blog, and your comments, are showing up on my Facebook Profile Page.  Along with my Twitters.  My Flickr photos.  My Google Reader items.  My Kyte videos.  And a bunch of other things.
Matt Marshall / VentureBeat:
Facebook's first acquisition: secretive start-up Parakey  —  Facebook has acquired Parakey, a Mountain View, Calif., startup that had been working on a new way for people to work seamlessly on applications while online and offline.  —  Founded by former Mozilla Firefox browser developers Blake Ross …
Discussion: ParisLemon
Blake Ross:   Facebook Goes Public (withnewsaboutitsrecentacquisitionofPar akey, Inc.)
Emre Sokullu / Read/WriteWeb:
The Impact of Facebook's Platform
Discussion: and VentureWoods
Google Announces Second Quarter 2007 Results  —  Google Inc. (NASDAQ: GOOG) today announced financial results for the quarter ended June 30, 2007.  —  "Our performance once again demonstrates the strength of our core search and ads business.  The growth in our global traffic combined …
Internet Stocks on Seeking Alpha:
Google Q2 2007 Earnings Call Transcript  —  Executives  —  Sergey Brin - Founder and President of Technology  —  Larry Page - Founder and President of Products  —  Jonathan Rosenberg - SVP of Product Management  —  Omid Kordestani - SVP of Global Sales and Operations  —  Analysts
Discussion: SeekingAlpha and GigaOM
Saul Hansell / New York Times:
The Food Line at the Googleplex Did Seem Rather Long
Discussion: CNET
Miguel Helft / New York Times:
Google Earnings Up 28% but Miss Expectations
Microsoft's Annual Revenue Surpasses $50 Billion  —  Double-digit revenue and EPS growth fueled by Windows Vista and the 2007 Microsoft Office system  —  Segment Revenue/Operating Income(Loss)  —  Microsoft Corp. today announced revenue of $13.37 billion for the quarter ended June 30 …
Mary Jo Foley / All about Microsoft:
New hires, datacenter investments evident in Microsoft earnings
Discussion: InsideMicrosoft to Give People Unmatched Privacy Control  —, a leading search engine and wholly-owned business of IAC (Nasdaq: IACI), today announced it will soon be implementing a new product called AskEraser that will offer its searchers unmatched control over their privacy when searching for information on the Web.
Barry Schwartz / Search Engine Land: To Launch AskEraser To Erase Search History & New Data Retention Policy  — announced that they will be launching "AskEraser" in the near future, a feature to allow you to erase your search history.  Ask also said it will be implementing a new 18 month data retention policy …
Duncan Riley / TechCrunch:
YouTube Launches Custom Player Feature  —  YouTube has launched a new "custom player" feature that allows users to customize embedded YouTube videos.  —  Users are able to customize player features including the name of the player, color theme, layout (a standard layout or one with related videos to the right), and content.
Discussion: Beet.TV
Aoife White / Associated Press:
EU OKs German online search-engine grant  —  BRUSSELS, Belgium - The European Union on Thursday authorized Germany to give $165 million for research on Internet search-engine technologies that could someday challenge U.S. search giant Google Inc.  —  The Theseus research project …
Discussion: and TechCrunch
RELATED:   State aid: Commission endorses €120 million aid for German R&D project THESEUS
Stephen Lawson / InfoWorld:
Verizon-Broadcom deal allows continued imports  —  San Francisco (IDGNS) - Broadcom and Verizon Wireless have reached a deal that will allow Verizon to continue importing and selling phones that are the subject of continuing litigation between Broadcom and Qualcomm.
Discussion: Phone Scoop
Marguerite Reardon / CNET
Broadcom, Verizon Wireless reach 3G phone deal
Discussion: The Register and TechSpot News
Paul McDougall / InformationWeek:
Microsoft Hit With A Second Xbox 360 Class Action Suit  —  The suit alleges that the Xbox 360 console scratches expensive game discs, making them impossible to use.  —  Microsoft has been hit with a new class action lawsuit alleging that the company's Xbox 360 console damages game discs.
Ross Mayfield / Ross Mayfield's Weblog:
CEO 2.0  —  As a company founder, as I've written before, it is inevitable and necessary that your role evolves for the best interest of the company and what you own of it.  Today I'm invoking the most powerful inflection point I can for Socialtext.  We've grown to 3,000 customers, 50 people …
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 More Items: 
Phil Butler / Read/WriteWeb:
Powerset and hakia - Quest For The Semantic Web
Ryan Singel / Threat Level:
Nearly Ten Percent of Companies Have Fired Bloggers, Survey Claims
Discussion: MediaVidea
Kelly Hill / RCR Wireless News:
Sprint Nextel, Clearwire in mobile WiMAX tie-up
Jack Ewing / Business Week:
Why Nokia Is Leaving Moto in the Dust
RSnake / web application security lab:
Firefox Implements httpOnly And is Vulnerable to XMLHTTPRequest
Simon Carless / Gamasutra:
Breaking: Silicon Knights Files Lawsuit Against Epic
Richard Mitchell / Xbox 360 Fanboy:
OXM rumor: MGS4 on 360 a few months after PS3
Discussion: CrunchGear, Kotaku, Joystiq and digg
 Earlier Items: 
iDefense Public Vulnerability Disclosures:
Opera Software Opera Web Browser BitTorrent Dangling Pointer Vulnerability
Nick Gonzalez / TechCrunch:
Velvet Puffin Finds Another Way to Bridge the Web and Desktop
Discussion: Social Media
Seth Godin / Seth's Blog:
Jobs of the future, #1: Online Community Organizer
Discussion: Bokardo
Vidura Panditaratne / Press Esc:
Multi-gigabit wireless "within three years"
Discussion: Ars Technica
Cade Metz / The Register:
Sprint boots 200 American patriots for using their phones
Discussion: SMS Text News
Dan Fost / The Technology Chronicles:
The rebirth of advertising  —  To hear my buddy Barry Soicher tell it …
Discussion: Beet.TV