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7:50 PM ET, April 15, 2011

Techmeme

 Top Items: 
Michael Arrington / TechCrunch:
LivingSocial Financials Exposed: $2.9 Billion Valuation, $50 Million In Revenue Per Month  —  There's nothing like full disclosure during the negotiating process in an acquisition deal.  LivingSocial acquired SocialMedia for just $3 million in stock, we reported earlier today.
Discussion: Fortune
RELATED:
Michael Arrington / TechCrunch:
LivingSocial Acquires SocialMedia For $3 Million  —  Fast growing daily deal service LivingSocial, which just raised $400 million, has acquired long suffering social advertising network SocialMedia, we've confirmed.  The price was just $3 million, all in LivingSocial stock.
Biz Stone:
The Trouble Bubble  —  We founded Twitter, Inc. in March of 2007 and while we have long said it's about the users, not the service, we have nevertheless enjoyed favorable media coverage.  What took so long for somebody to write the article that says we are falling apart?
RELATED:
Nicholas Carlson / SAI:
These People Sold Twitter For Just $5 Million Back In 2006
Discussion: BaltTech and The Business Insider
Nicholas Carlson / SAI:
The Truth About Twitter's Troubles
Peter Farago / Flurry:
Apple and Google Capture U.S. Video Game Market Share in 2010  —  Last year, Flurry reported that iPhone and iPod touch game sales surged from 2008 to 2009.  From a standing start, and in just one year, iPhone games captured 5% of the mature U.S. video game market.
RELATED:
Kim-Mai Cutler / Inside Mobile Apps:
Could Smartphones Kill The Portable Gaming Star?
Discussion: MediaPost
MG Siegler / TechCrunch:
Shawn Fanning And Sean Parker Are Back With An Ambitious New Project; Investors Abound  —  Longtime collaborators Shawn Fanning and Sean Parker are back together working on an ambitious new project, we've learned.  —  In 1999, Fanning and Parker introduced the world to Napster.
Peter Kafka / MediaMemo:
Google Music Label Talks “Going Backwards”  —  Google has spent a year trying to build a music service that could compete with Apple's iTunes.  But those efforts seem to have stalled again.  —  Google's negotiations with the big music labels are “broken,” says a source familiar …
Chad Bray / Wall Street Journal:
Poker Websites Targeted in Federal Crackdown  —  NEW YORK—Eleven people, including the founders of three of the largest online poker companies doing business in the U.S., have been charged in the latest crack down on Internet gambling by U.S. authorities.  —  Federal prosecutors …
RELATED:
Paul Toohey / CourierMail:
Web king's life on the line
Discussion: SAI
Joe Light / Wall Street Journal:
Mobile App Talent Pool Is Shallow  —  Companies Scramble for Engineers Who Can Write Software for Smartphones  —  This year, magazine publisher Hearst Corp. intends to add five software engineers to its mobile development staff.  Social-networking company Ning Inc. plans to nearly double its mobile development team.
Paul McIntyre / AdNews:
Google: we want iPhone to grow  —  Google's Android platform might be in a fierce battle with Apple to dominate smartphone handsets and apps, but the search giant's APAC boss says iPhone is delivering so much mobile search traffic they want their rival competitor to keep growing.
Adrian Asher / Skype Security:
Privacy vulnerability in Skype for Android  —  It has been brought to our attention that, were you to install a malicious third-party application onto your Android device, then it could access the locally stored Skype for Android files.  —  These files include cached profile information and instant messages.
RELATED:
Justin Case / Android Police:
[Updated] Exclusive: Vulnerability In Skype For Android Is Exposing Your Name, Phone Number, Chat Logs, And A Lot More
Fred Vogelstein / Wired:
The Android Explosion: How Google's Freewheeling Ecosytem Threatens the iPhone  —  ndy Rubin needed a hit.  It was January 2009, three years since Google had bought the company he cofounded, a little startup called Android.  —  Rubin had created a slick operating system for mobile phones …
Discussion: @johnacook and @bill_gross
Steven J. Vaughan-Nichols / Networking Blog:
It's official: Asia's just run out of IPv4 Addresses  —  Well, that was fast.  The Asia Pacific Network Information Centre (APNIC) has just released the last block of Internet Protocol version 4 (IPv4) addresses in its available pool.  We knew this was coming when the Internet Corporation …
Mary Pilon / Wall Street Journal:
T. Rowe Price Invests in Facebook  —  Mutual-fund company T. Rowe Price has invested in Facebook Inc., according to recently released filings, underscoring traditional investment vehicles' growing interest in hot technology companies.  —  T. Rowe said it invested a total of $55.4 million …
Peter Kafka / MediaMemo:
Wired's Newest iPad Issue Boasts Its Best Feature Yet: Free  —  Remember when iPad magazine apps-and Wired's app in particular-were big news?  That was a year ago.  —  Now Wired would like to remind you that it's still publishing on the iPad, and the Conde Nast title is offering a pretty …
Bloomberg:
RIM Said Weighing Bid to Top Google Offer for Nortel Patents  —  Research In Motion Ltd. (RIMM) is considering a bid for Nortel Networks Corp. (NRTLQ)'s portfolio of wireless technology patents that would top Google Inc. (GOOG)'s $900 million offer, two people familiar with the plans said.
Neil Hughes / AppleInsider:
Apple hit with class-action suit over iPhone in-app game currency purchases  —  A new class-action lawsuit takes issue with free iPhone games that feature in-app purchases, alleging that Apple's App Store makes it easy for children to rack up credit card charges without realizing they are spending real-world money.
Sarah Lacy / TechCrunch:
The Betrayal of Bnter  —  We filmed this week's Ask a VC on Tuesday, and I started out by asking Bijan Sabet of Spark Capital about the danger of venture capitalists investing in competitors.  There was no ulterior motive on my part.  It's just a question I've seen coming up increasingly …
Zak Stambor / Internet Retailer:
Facebook wants to make daily deals more social  —  The social network hopes to leverage its news feed to help consumers discover their friends' interactions with Facebook Deals.  The move is designed to distinguish Facebook's offering from competitors such as Groupon and LivingSocial.
Electronista:
Android 3.0 tablets allegedly delayed due to low hopes  —  Companies building Android 3.0 tablets are supposedly holding back on launches based on concerns of low sales and support from Google.  Results for the Motorola Xoom were “lower than expected,” according to rumors.
Brett Wiltshire / Blogger Buzz:
An important note about legacy accounts  —  There was a time early on in Blogger's life where we had our own, custom account system for handling login authentication.  Starting in 2006 all new Blogger accounts were created using the official Google accounts system, and then in 2007 we started …
Discussion: BloggingPro
Grant Gross / PC World:
White House Releases Trusted Internet ID Plan  —  The U.S. government will coordinate private-sector efforts to create trusted identification systems for the Internet, with the goal of giving consumers and businesses multiple options for authenticating identity online, according to a plan released …
Leena Rao / TechCrunch:
Online Education Startup Instructure Raises $8M From Eric Schmidt's Tomorrow Ventures, Tim Draper  —  Instructure, a startup that develops and open-source online learning management system, has raised $8 million in Series B funding led by OpenView Venture Partners, EPIC Ventures …
Discussion: PR Newswire and VentureBeat
 
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 More Items: 
Nick Bilton / Bits:
iPad Resellers Now Camp Overnight at Apple Stores
Derrick Harris / GigaOM:
Cisco Displays New Cloud Data Center, Touts Efficiency
Greg Sterling / Search Engine Land:
Google Intros New Privacy Controls For Mobile Consumers
Chris Richardson / WebProNews:
Oracle Turns OpenOffice Into A Community-Based Project
Discussion: The Register
Zach Epstein / BGR:
India bans Nokia's push email service
Discussion: Electronista
Mike Blumenthal / Understanding Google Maps …:
Google Discontinues Tags
 Earlier Items: 
Matt Marshall / VentureBeat:
Glam hits $100M revenue, plans to file IPO as early as fall
Slash Lane / AppleInsider:
Apple partner Cirrus Logic reports production problem with mystery audio device
Steven Levy / Fortune:
Inside Google's China misfortune
Discussion: SAI
Mike Snider / USA Today:
Interview: Nintendo sold 400,000 3DS systems in first week
Jun Yang / Bloomberg:
Google Faces Antitrust Complaints in South Korea on Popularity of Android
Josh Constine / Inside Facebook:
Facebook for iPhone Now Pulls the News Feed From m.facebook.com
Discussion: TUAW and App Advice
Hugo Miller / Bloomberg:
RIM Chiefs Defend PlayBook Tablet Against Critics as Debut Approaches