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9:05 AM ET, June 4, 2011

Techmeme

 Top Items: 
David Heinemeier Hansson / Short Logic:
Groupon IPO: Pass on this deal  —  Groupon has filed its S-1 and hopes to raise $750M in its initial public offering.  Given they're currently losing a staggering $117M per quarter, despite revenues of $644M, they'll be burning through that cash almost as soon as it hits their account.
RELATED:
David Sinsky / Yipit Blog:
Groupon S-1 Reveals Business Model Deteriorating in Oldest Markets  —  While no one has ever doubted Groupon's impressive topline growth - the question has always been around the defensibility of a business that has so few barriers to entry.  —  In its long awaited S-1, it's clear that Groupon has impressive topline growth.
Conor Sen / Minyanville:
Groupon is Effectively Insolvent  —  I'll start by tipping my hat to Andrew Mason.  He caught social mood just right, creating a coupon/local/flashmob hybrid business model at the perfect time, and has created the fastest-growing company on a revenue basis in American history.
Discussion: dan shipper and knewton.com
Pascal-Emmanuel Gobry / SAI:
That Queasy Feeling You Get Reading The Groupon S-1 Doesn't Come From One Thing But From Everything
Discussion: The Business Insider
Mathew Ingram / GigaOM:
Groupon: Doomed to Fail or Worth a Leap? A Twitter Debate
pastebin.com:
LulzSec versus FBI Affiliates + Whitehats  —  Dear Internets, It has come to our unfortunate attention that NATO and our good friend Barrack Osama-Llama 24th-century Obama have recently upped the stakes with regard to hacking.  They now treat hacking as an act of war.
RELATED:
Chloe Albanesius / PC Magazine:
Sony Pictures Confirms LulzSec Hack as Group Targets FBI  —  Sony Pictures on Friday confirmed that its Web sites were hacked by a group that identifies itself as LulzSec.  —  LulzSec, meanwhile, said tonight that it also hacked into FBI-affiliated Web sites.
Gizmodo:
Find Out if Your Sony Pictures Subscriber Information Was Leaked Right Here  —  Sony's been hacked again, with over a million SonyPictures.com accounts lifted, containing vital personal information like home addresses.  Is yours included?  We've got an exclusive, easy database to check.
Discussion: L.A. Times Tech Blog and PC World, Thanks:paulfallon
Arnold Kim / MacRumors:
iTunes Leaks ‘Automatic Download’ Over-the-Air Updates in iOS 5 [Updated]  —  In the days leading to WWDC, Apple's iTunes seems to have leaked a new feature that must be coming in iOS 5.  A MacRumors reader discovered (and we verified) that when asking iTunes to check your app library for updates …
Ilya Grigorik / PostRank Blog:
PostRank has been acquired by Google!  —  From the seed of an idea in late 2006, to the launch of PostRank in mid 2007, and an incredible four years of continuous learning, iteration, and developing and launching new products—what an amazing experience it has been.  And yet, the best is still yet to come.
RELATED:
Greg Kumparak / MobileCrunch:
Apple Hires The Guy Who Hacked Together A Better iOS Notifications System  —  Back in February, I wrote that MobileNotifier (a replacement notifications system for jailbroken iOS devices) would be the one thing that would make anyone want to jailbreak — and I stand by it.
Matthew Fraser / This Much I Know:
YOU DON'T SAY: WORDS “FACEBOOK” AND “TWITTER” ARE BANNED FROM FRENCH AIRWAVES  —  The French are notorious for their obsession with maddening, micro-meddling rules and regulations.  —  Anglo-Saxons who live in France, as I do, constantly struggle with the puzzling paradox in a society universally admired …
Naked Security / Sophos:
Sony Europe hacked by Lebanese hacker... Again  —  By my count this is unlucky hack number 13 for Sony.  A Lebanese hacker known as Idahc dumped another user database at Sony Europe containing approximately 120 usernames, passwords (plain text), mobile phone numbers, work emails and website addresses.
Ben Parr / Mashable!:
Twitter.com Adds Content From Amazon, Foursquare, Meetup & More  —  Amazon, AOL Video, Gowalla, Foursquare, Meetup and Plancast are the newest social tools to be integrated with Twitter.com, allowing users to access more multimedia content without leaving the site.
Discussion: Foursquare Blog
Michael Arrington / TechCrunch:
Facebook VP Chamath Palihapitiya Forms New Venture Fund, The Social+Capital Partnership  —  Facebook vice president Chamath Palihapitiya will leave the company as he launches a large new venture fund called The Social+Capital Partnership, with backing from some of the worlds leading business and technology leaders.
James Cowie / Renesys Blog:
Syrian Internet Shutdown  —  Starting at 3:35 UTC today (6:35am local time), approximately two-thirds of all Syrian networks became unreachable from the global Internet.  Over the course of roughly half an hour, the routes to 40 of 59 networks were withdrawn from the global routing table.
RELATED:
Elizabeth Flock / Washington Post:
Syria internet services shut down as protesters fill streets
Josh Phillips / The Windows Blog:
A tour of the new Music +Video Hub  —  From the beginning, the chief design principle for the Music+Videos Hub in Windows Phone was simple: make it easy to discover and consume the content you love.  —  In Mango, it only gets better.  —  The next release of Windows Phone introduces on-phone podcasts …
Susan Panico / PlayStation Blog:
UPDATED: Welcome Back Program Available Now - Details Inside … We're so excited to welcome you back to PlayStation Network.  With the PlayStation Store back online, we've been getting all caught up this week, having launched an abundance of amazing content for download on PlayStation 3 …
Erick Schonfeld / TechCrunch:
The Kno Textbook App And Store Hits The iPad  —  Last night, Kno quietly released its first digital textbook app for the iPad.  It includes its own store of “over 700,000 titles at 30% to 50% off list” price.  And the app is a full textbook reader.  —  Kno, whose CEO Osman Rashid previously …
Mary Jo Foley / All about Microsoft Blog:
Microsoft to launch Office 365 on June 28  —  Microsoft is holding its official launch of its cloud-hosted application suite, known as Office 365, on June 28.  —  CEO Steve Ballmer will be on hand at the New York launch event, according to an invitation I received.
Jacqui Cheng / Ars Technica:
Mac RSS champ NetNewsWire sold to Black Pixel, developer moving on  —  The name Brent Simmons has been joined with famed Mac (and now iOS) RSS app NetNewsWire for so long, it's hard to imagine them being put asunder.  That's exactly what's happening, though: Simmons has announced that NetNewsWire …
 
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 Techmeme Sponsor Posts: 
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Microsoft to modernize Special Olympics, raise system to the cloud  —  “We're so excited.  This is going to change our world.” says Special Olympics Chief Executive Officer Janet Froetscher.
Zoho:
Announcing Zoho SalesIQ - Real-time sales intelligence platform with tight Zoho CRM integration.  —  You run an apparel store.  There's a visitor who walked in after seeing your weekly ad.
SAY Media / SAY Daily:
The First Brands Doing Cool Things with Beacons  —  The technology for beacons has been lingering out there since the launch of iOS 7, but it's only now that people are starting to notice.
AdExchanger:
GRP 2.0: How To Defibrillate An Old Metric With Fresh Data  —  The gross rating point (GRP) has time - and money, in the form of TV budgets - on its side, but a slew of new entrants in TV-to-digital measurement could disrupt what was once a Nielsen-run show.
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 More Items: 
Leander Kahney / Cult of Mac:
Woah! Apple Worth More Than Microsoft And Intel Combined
Kat Hannaford / Gizmodo:
MI6 Hacked Al Qaeda Website, Swapping Bomb Recipes With Cupcake Recipes
 Earlier Items: 
Sharif Sakr / Engadget:
Microsoft sells 55 million Xbox 360 consoles, claims that's console history
Tom Warren / WinRumors:
Xbox LIVE Diamond subscription TV service to debut at E3
Jay Yarow / SAI: Silicon Alley Insider:
Android Share Surges Again, Apple Gains A Bit, RIM Destroyed
Bloomberg:
Nokia Breakup Worth 52% Gain: Real M&A
Discussion: VentureBeat, FierceWireless and Adotas
 

 
From Mediagazer:

Ellis Hamburger / The Verge:
Flipboard debuts a big redesign and The Daily Edition, a morning news section

New York Times:
NYT Q3 results: $364.7M revenue, 1.3% increased circulation, operating loss of $9M, digital subs up 20% year-on-year

Ryan Chittum / Columbia Journalism Review:
The news business should refuse Facebook's deal

 
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