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12:40 PM ET, May 26, 2011

Techmeme

 Top Items: 
The Official Google Blog:
Coming soon: make your phone your wallet  —  (Cross-posted on the Google Commerce Blog and Google Mobile Blog)  —  Today in our New York City office, along with Citi, MasterCard, First Data and Sprint, we gave a demo of Google Wallet, an app that will make your phone your wallet.
Discussion: VentureBeat, The Next Web and @triciad
RELATED:
Tim Stevens / Engadget:
Live from the Google Wallet press event!  —  12:02PM in 1998 70% of consumers wouldn't pay online.  Today, over 70% do.  180 degree transaction.  —  12:02PM “Virtually every retail brand has invested in building an ecommerce website... you're literally seeing every retail brand, every consumer brand offline come online.”
Reuters:
Hedge fund star calls for Microsoft CEO to go  —  (Reuters) - Influential hedge fund manager David Einhorn called for Microsoft Corp Chief Executive Steve Ballmer to step down, saying the software company's long-time chief was stuck in the past.  —  Einhorn, speaking at the annual Ira Sohn …
RELATED:
Peter Parkes / Heartbeat:
[UPDATED] Problems signing into Skype and making calls for a small number of users  —  A small number of you may have had problems signing in to Skype.  This predominantly affects people using Skype for Windows.  We have identified the problem and will issue a fix in the next few hours.
Matthew Panzarino / The Next Web:
Square's name and design were changed by a lunch at Apple  —  According to Jack Dorsey, payment service Square was almost called ‘Squirrel’ and the card reader dongle was made of wood and shaped like an acorn.  Until he had lunch at Apple.  Update below.  —  Dorsey, Twitters co-founder …
Lee Hower / Fortune:
How LinkedIn first raised money (and endured rejection)  —  LinkedIn went public last week, with investors falling over each other to buy shares at a market cap that now exceeds $9 billion.  But it wasn't always so easy for the social network to raise money.
Discussion: SAI
Stefan Constantinescu / IntoMobile:
Samsung Galaxy S outsells the iPhone in Japan during Q1 2011  —  The Japanese mobile industry is one that's filled with ridiculous devices made by handset vendors that almost never sell their creations overseas.  It's why many call Japan the Galápagos Islands of mobile.
Discussion: eWeek and 9to5 Google
Guardian:
China using prisoners in lucrative internet gaming scam  —  Labour camp detainees endure hard labour by day, online ‘gold farming’ by night  —  As a prisoner at the Jixi labour camp, Liu Dali would slog through tough days breaking rocks and digging trenches in the open cast coalmines of north-east China.
Electricpig.co.uk:
iPhone 4S to be revealed at WWDC?  Invites appear to confirm it...  If you believe the rumours currently fizzing down Britain's broadband pipes, Apple has pretty much put the kibosh on iPhone 5 - at least for 2011.  —  But if that's the case, why is Apple's public relations department …
Christian Zibreg / 9 to 5 Mac:
Rumor: Apple courting Samsung to build AMOLED displays for iPad 3?  —  File this one under the highly improbable drawer because there's little chance Samsung will let Apple get their hands on its active-matrix organic LED technology, better known as AMOLED, which is an important differentiating …
Peter / The Mac Security Blog:
INTEGO SECURITY MEMO - New Mac Defender Variant, MacGuard, Doesn't Require Password for Installation  —  Malware: OSX/MacDefender.F and OSX/MacDefender.G  —  Risk: Medium; effective SEO poisoning has led many Mac users to this type of malware, and no administrator password is required to install this new variant.
RELATED:
Rich Mogull / Macworld:
Mac Defender: Pay attention but don't panic
Discussion: Edible Apple and TUAW
Mike Butcher / TechCrunch Europe:
No Spotify inside Facebook, two record labels still needed for US launch  —  There has been some interesting speculation regarding the relationship between hot (at least in Europe) music streaming service Spotify and gargantuan social platform Facebook.  Now Forbes is reporting that Facebook …
Robin Wauters / TechCrunch:
Amazon Repeats $0.99 Deal On Lady Gaga Album, Says Servers Won't Melt This Time  —  Earlier this week, Amazon offered the new album from superstar Lady Gaga, ‘Born This Way’, for a mere $0.99 in an effort to get people to discover its recently launched Cloud Drive / Player service.
Nick Hughes / So Entrepreneurial:
Bubbles and Golden Ages  —  Update: This post has been republished on www.businessinsider.com.  —  I once watched an interview where angel investor Fred Wilson offhandedly noted reading a book which transformed the way he looked at markets and the web in general.
Discussion: The Business Insider
DigiTimes:
HTC to begin volume production of Puccini tablet PCs in June  —  HTC has entered the final stages of testing for its 10.1-inch Puccini tablet PCs, with volume production slated for June 2011.  The tablet will be powered by a Qualcomm MSM8660 1.5GHz processor and runs on Android 3.0.1, according to sources in the supply chain.
Eric Slivka / MacRumors:
Apple Files Lawsuit Against Teenager Who Sold White iPhone 4 Conversion Kits, Settlement Reached?  —  Last November, we highlighted the story of New York City teenager Fei Lam, who had managed to sell $130,000 worth of white iPhone 4 parts in just a few months to customers eager to get their hands …
Leena Rao / TechCrunch:
Online Shopping Startup ProjectSlice Raises $9.4 Million From Eric Schmidt, Michael Birch And Others  —  Stealthy startup ProjectSlice is launching to the public today and announcing a $9.4 million Series A funding round led by DCM and Lightspeed Venture Partners with Michael Birch …
Dean Takahashi / VentureBeat:
Kaboom!  Kabam raises $85M for hardcore social gaming business  —  Here's a “kaboom” for all those social game skeptics out there.  Kabam has raised $85 million in a fourth round of funding to fuel its business making hardcore games for social networks such as Facebook.
Fred / A VC:
Some Thoughts On InvestorRank  —  Chris Farmer, a VC with General Catalyst, presented some interesting data yesterday at Disrupt.  He ranked VC firms on the basis of what companies they invested in as the first VC investor.  If you invested in a highly successful company in the first round …
Discussion: SAI and Betabeat
Luis Sigal / Google Mobile Blog:
Check-ins and rating places get easier with Google Maps 5.5 for Android  —  We've made it easier to check in and out of places, rate various locations, and get transit information with Google Maps 5.5 for Android.  This release adds ‘check in’ and ‘rate and review’ buttons to Place pages …
Ryan Kim / GigaOm:
Raptr Shows How Social Networks Can Get More Personal  —  Raptr, a social networking service for gamers with 8.5 million users, isn't about to topple Facebook anytime soon.  But with its latest update today, it's showing some interesting ways in which it's using what it knows about its members …
Discussion: TechCrunch, Bits and VentureBeat
Adam DuVander / ProgrammableWeb:
Who Belongs to the API Billionaires Club?  —  We write a lot about the growth in the number of APIs on ProgrammableWeb.  But how about usage?  Some APIs see so many requests that they measure in billions.  We refer to these companies as the API Billionaires Club.
David Lazarus / Los Angeles Times:
Bank of America data leak destroys trust  —  The far-reaching fraud serves as a cautionary tale for all consumers who entrust virtually their entire financial lives to major companies.  —  Andrew Goldstein has been a Bank of America customer for more than four decades.
Discussion: Network World
 
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 More Items: 
Royal Pingdom:
Facebook gobbles up anti-Facebook domain names
Reuters:
LinkedIn eyes business opportunities in China
Noah Davis / SAI: Silicon Alley Insider:
Magazine Editors Are 100% Sure Tumblrs Are Driving Subscriptions, But They Can't Prove It
Teri Evans / Entrepreneur.com:
Lessons Learned: How Tumblr Recovered from a Business Crisis
Jason Kincaid / TechCrunch:
Absolute Must Watch: Office Hours With Paul Graham At TC Disrupt
Discussion: Steve Poland and Betabeat
 Earlier Items: 
Peter Murray / Singularity Hub:
Robots, Not Humans, Retrieve Your Books at $81 Million “Library of the Future” (video)
Discussion: TeleRead and CNET News
Greg Sandoval / CNET News:
Former Blockbuster CEO tells his side of Netflix story
 

 
From Mediagazer:

New York Times:
After Google suit, Mississippi Attorney General Jim Hood calls “time out”, says he'll try to make deal

Roy Greenslade / Guardian:
New York Times to set up digital hub in London

Joe Pompeo / Capital New York:
New York Magazine reporter who wrote about fake high school stock whiz won't move to Bloomberg

 
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