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5:55 PM ET, September 29, 2008

Techmeme

 Top Items: 
Bobbie Johnson / Guardian:
Cloud computing is a trap, warns GNU founder Richard Stallman  —  Web-based programs like Google's Gmail will force people to buy into locked, proprietary systems that will cost more and more over time, according to the free software campaigner  —  The concept of using web-based programs …
RELATED:
Eric Krangel / Silicon Alley Insider:
Open Source Guru Richard Stallman: Cloud Computing “Worse Than Stupidity”
Discussion: eWeek
Nick / Rough Type:
Shooting at clouds  —  Free software activist Richard Stallman …
Discussion: WebGuild
Eric Savitz / Tech Trader Daily:
Apple Falls Sharply; RBC, Morgan Stanley Cut Ratings  —  Apple (AAPL) shares are down sharply Monday morning after analysts at RBC Capital and Morgan Stanley cut their ratings on the stock.  — RBC Capital's Mike Abramsky cut his rating on the stock to Sector Perform from Outperform …
RELATED:
Philip Elmer-DeWitt / Apple 2.0:
Why Apple shares took a nosedive  —  Apple shares suffered their sharpest fall in eight years Monday morning on the word of two analysts — including one whose record predicting the company's performance is mixed at best.  —  By 10:10 a.m ET the stock had dropped 16%, wiping out more than $18 billion …
MG Siegler / VentureBeat:
Apple stock plunging, Google stock diving, Yahoo stock melting  —  It appears as if the bad overall economy is nailing some key tech stocks this morning.  Apple, Google and Yahoo are all down significantly right now in early afternoon trading on the stock market.
Dan Frommer / Silicon Alley Insider:
Apple Plunges After Downgrades: Slowing Demand, Crappy Economy  —  Apple (AAPL) shares are down 14% to around $110 — their lowest since May, 2007 — after Morgan Stanley and RBC both downgraded the stock this morning.  Why?  Mostly slowing demand and lousy economic conditions.
Ina Fried / Beyond Binary:   Tech stocks hammered as bailout fails in House
Marshall Kirkpatrick / ReadWriteWeb:
AP: The Modern Newsroom Looks Like a Little RSS Reader  —  The 20th century news and stock ticker used to be one of the most archetypal images of newsrooms all around the world.  It was timely and exciting, if a bit impersonal, for editors to watch the wires for breaking news …
RELATED:
ap.org:   More than 500 newspapers sign up for AP Member Marketplace
David Kaplan / paidContent.org:   AP Signs Up 500 Papers For Online News Sharing Service
XOHM™ WiMAX:
XOHM WIMAX BROADBAND SERVICE DEBUTS IN BALTIMORE  — New 4G wireless era dawns as unique business model revolutionizes mobile Internet access  — Service-plan innovation includes $50 “Pick 2 for Life” offer without usage limitations  —  A next-generation 4G wireless network based …
RELATED:
Dan Frommer / Silicon Alley Insider:
Sprint's WiMax: Comcast Who? We'll Choke BitTorrent If We Want To
Discussion: Gizmodo and MobileCrunch
Brad Burnham / Union Square Ventures:
Why The Flow Of Innovation Has Reversed  —  I had a beer recently with Dave McClure of 500 Hats.  As is always the case when I get together with Dave, we had a long, rambling and enjoyable conversation about how the Web is changing the way businesses get built.  —  At some point, I said that the vector of innovation has changed.
Discussion: Startup Chatter
Office of Attorney General Rob McKenna:
Fright Fight: Washington Attorney General leading battle against scareware with Microsoft  —  New lawsuits announced today under state's improved anti-spyware law  —  SEATTLE - Attorney General Rob McKenna stood at the frontlines with Microsoft Corp. in the war against spyware in 2006.
RELATED:
Sam Oliver / AppleInsider:
Apple updates App Store to address developer misuse  —  Apple over the weekend instated a series of changes to the way its App Store operates in an effort to knock out loopholes that were being exploited by some developers seeking an unfair advantage.  —  Reviews
RELATED:
Chris Foresman / Ars Technica:
Apple's App Store schizophrenia driving developers crazy
Discussion: Lifehacker, OSNews and Digg
Business Week:
The 25 Most Influential People on the Web  —  Each year, we turn to readers and BusinessWeek staff for the Best of the Web list, asking them to contribute names for a list of the Internet's movers and shakers.  Take a look at the slide show to see which people have the most impact on the Web these days.
Discussion: Loic Le Meur Blog
Kip Kniskern / LiveSide:
What happened to Hotmail?  —  Last week, after receiving a “tip” from Microsoft's PR firm Waggener Edstrom, we posted on the coming rollout of a new version of Hotmail.  Our readers were quick to try and catch the new version in the wild, checking out different Bay numbers like the junior sneaky geniuses we know you are.
Discussion: One Microsoft Way and ReadWriteWeb
Google Mac Blog:
Introducing Top Draw  —  Top Draw is an image generation program just launched in the Google Mac Playground.  By using simple text scripts, based on JavaScript, Top Draw can create surprisingly complex and interesting images.  Even cooler is that the program has built-in support for installing any image of yours as your desktop image.
Discussion: Cult of Mac, MacUser and Lifehacker
Jessica Guynn / L.A. Times Tech Blog:
Facebook hires general counsel as it continues to grow  —  Young upstart Facebook is growing up at Internet speed.  —  The latest sign: Its freshly installed management team has hired a legal gun with a loaded resume that includes serving as a White House lawyer who helped coordinate …
Charlie Sorrel / Gadget Lab:
LG Teaser Shows 3G Netbook: The Momo  —  LG is planning the release of a new netbook with 3G internet inside.  The X110 Momo is listed on LG's site as “coming soon”, and includes the standard netbook features: 1.6GHz Atom processor, 1.3MP webcam, a 10" screen, optional Bluetooth, an SD card reader and Windows XP Home Basic.
Kris Pigna / PC Magazine:
New ‘Grand Theft Auto’ Makes Cocaine Sales a Game  —  Earlier this week, news broke that Grand Theft Auto: Chinatown Wars — the forthcoming DS rendition of Rockstar's immensely popular crime series — would feature a drug-selling mini-game, where players could earn money peddling six different kinds of narcotics around town.
Discussion: Reuters, Negative Approach, GMSV and Joystiq
Fred Aun / ClickZ:
High Online Video Ad Costs Could Drop  —  Online video ads cost advertisers substantially more than display or text advertising, but prices might drop as its novelty fades, says a new report by eMarketer.  —  Citing research by Bain and Company for the Interactive Advertising Bureau (IAB) …
Discussion: HipMojo.com, Portfolio and Lost Remote
Philip Elmer-DeWitt / Apple 2.0:
Rumor: An iPhone for Verizon in 2009  —  Chalk this one up to wishful thinking.  —  A leading Apple blog posted a rumor Sunday that the iPhone — which is currently available in the United States only through AT&T Wireless — could be coming to Verizon, perhaps as early as January 2009.
Matthew Hines / eWeek Security Watch:
Malware Attacks Posing in Campaign Videos  —  Apparently Saturday Night Live isn't the only constituency seeking to profit by tying its fortunes to presidential-themed video clips these days.  —  In addition to the highly-publicized skits that SNL has produced in the last several weeks …
Don Reisinger / TechCrunch:
YouTube Gets More Competitive With Upload Redesign, Larger File Sizes  —  YouTube has been criticized in the past for not offering the experience already being offered on services like Viddler or Vimeo where users can upload large file sizes and input video information while it's being uploaded.
Robert Vamosi / Defense in Depth:
How ‘carders’ trade your stolen personal info  —  Debit cards and PINs are hot subjects on the criminal underground forums these days, Tom Rusin said on a recent visit to CNET.  Rusin is president of North American operations at Affinion Group, a company that monitors the criminal underground …
Matthew Lasar / Ars Technica:
Bill would force satellite radio units to go digital  —  The Federal Communications Commission is asking for public comment on whether to require satellite radio receivers to pick up digital radio signals.  But Rep. Edward Markey (D-MA) said the answer should be yes, and he's not waiting for the FCC to make the call.
Discussion: Electronista and Orbitcast
 
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All the coding ladies  —  Much has been said about women in technology this week as a result of Barbie once again, letting down the female population (or more appropriately, humankind as a whole) …
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 More Items: 
Alex Pham / L.A. Times Tech Blog:
Mattel says it will appeal Scrabulous ruling
Jason Palmer / BBC:
Alarm sounded on second-hand kit
Discussion: The Register and Digg
Vishesh Kumar / Wall Street Journal:
AT&T Switches Satellite-TV Provider
Matt Marshall / VentureBeat:
Stock market plunges badly as bailout stalls in House …
Discussion: TG Daily, CNNMoney.com and Gothamist
Ryan Paul / Ars Technica:
Classmate PC gets a boost with million-unit Venezuelan order
Discussion: TechSpot and dailywireless.org
Erick Schonfeld / TechCrunch:
VCs (And Startups) Won't Be Immune To The Credit Crunch
Discussion: GigaOM and Guardian
 Earlier Items: 
OPEN Forum:
Think Local, Act Conversational - It Just Might Save Your Business
Discussion: Screenwerk
Peter Kafka / Silicon Alley Insider:
eMusic CEO David Pakman Out
Discussion: CNET News and paidContent.org
Mike Butcher / TechCrunch UK:
DropSend sold - but how easy is it to flip a web app these days?
Discussion: paidContent
Joe Wilcox / Microsoft Watch:
The Great Windows-Mac Laptop War
Discussion: MacRumors, TechBlog and Technology Live
 

 
From Mediagazer:

First Look Media:
The team Matt Taibbi hired at First Look Media is being let go

Joe Pompeo / Capital New York:
NYT editor Dean Baquet's newsroom memo on the hiring of Kinsey Wilson

Alex Weprin / Capital New York:
BuzzFeed passes $100M in revenue for 2014, promises staff Apple Watches if traffic goals hit

 
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