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6:00 AM ET, June 20, 2011

Techmeme

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CircleID:
New Top-Level Domains Approved by ICANN  —  The Board of ICANN today gave final approval to the most dramatic change to the Internet in four decades — allowing the expansion of new Top-Level Domains (TLDs).  This monumental decision will allow companies and organizations to turn their own brands …
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Stephen Shankland / CNET News.com:
New Net addresses mean new trademark issues  —  ICANN announced new generic top-level domains (GTLDs) at a news conference in Singapore.  From left to right are outgoing Chairman Peter Dengate Thrush, Chief Executive Rod Beckstrom, and Senior Vice President of Services Kurt Pritz, who led the GTLD effort.
Lauren Weinstein / Lauren Weinstein's Blog:   The Shame on the Internet: ICANN Votes to Massively Enrich the Domain-Industrial Complex
Joseph Galante / Bloomberg:
Skype Fires Executives, Avoiding Payouts After Microsoft Buyout  —  Skype Technologies SA, the Internet- calling service being bought by Microsoft Corp., is firing senior executives before the deal closes, a move that reduces the value of their payout, according to three people familiar with the matter.
Om Malik / GigaOM:
Revealed: Facebook's music plans involve Spotify, others  —  For the past few months, I have been hearing about Facebook and Spotify getting a lot closer as companies, with a much tighter integration between the two services.  However, Facebook's musical ambitions go beyond Spotify and include other music services and applications.
Discussion: Shiny Shiny and The Next Web
Timothy B. Lee / Ars Technica:
Bitcoin prices plummet on hacked exchange  —  The Bitcoin community faced another crisis on Sunday afternoon as the price of the currency on the most popular exchange, Mt.Gox, fell from $17 to pennies in a matter of minutes.  Trading was quickly suspended and visitors to the home page …
RELATED:
Economist:   Bits and bob  —  Bitcoin has got geeks excited.  What about economists?
Miguel Helft / New York Times:
Tech Firms' Workers Sell Shares, Fearing a Bubble Will Burst  —  SAN FRANCISCO — While Silicon Valley and Wall Street debate whether a new technology bubble is in the making, some early Facebook employees are not taking any chances.  They're leaving the company to cash out on millions …
Verne G. Kopytoff / New York Times:
Japanese ‘K’ Computer Is Ranked Most Powerful  —  SAN FRANCISCO — In the rankings of the world's most powerful supercomputers, a Japanese machine has earned the top spot with a performance that essentially laps the competition.  —  The computer, known as “K Computer,” …
Josh Constine / Inside Facebook:
Facebook Users Want Professional Networking: BranchOut Nears a Million New Users Within a Week  —  After six months of testing different gamification and viral mechanics, professional social networking Facebook app BranchOut seems to have found the right design.
Evelyn M. Rusli / DealBook:
Crashing the Party in Silicon Valley  —  When others were questioning whether Facebook was really worth $10 billion in February 2010, two Wall Street investors were quietly buying chunks of its shares at a $15 billion valuation.  —  The investors, Frank Mazzola and Emilio DiSanluciano …
Edmund Lee / AdAge:
Display's New Kingpin: Facebook's No. 1  —  Social Network's $2.19 Billion Puts It at Top of the Digital Heap, Leaping Google, Yahoo — but It's Still a Bit Player When Compared to TV  —  Facebook doesn't really have to try to become the biggest player in digital media; it simply is.
Philip Elmer-DeWitt / Fortune:
The 3 most undervalued tech stocks: Google, Apple, IBM  —  By the same “PEG” measure, the 3 most overvalued are Amazon, Cisco and Netflix  —  Click to enlarge.  Date: NASDAQ.  Chart: PED  —  Here's a simple exercise suggested by one of my readers.  —  Take a stock you're interested …
 
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 Techmeme Sponsor Posts: 
Microsoft:
The quest for a quantum future  —  Decoding the secret language of the universe at Station Q, Microsoft's center for quantum computing research.
Freshdesk:
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VMware:
Why Your Organization Needs a Cloud-Based Disaster Recovery Plan  —  Businesses know they need to back up their data, their workloads and their applications in the event that disaster strikes.
Zoho:
The customer service lessons we must all learn from that Comcast call  —  By now, you've probably heard the call that hijacked the Internet last week.  If not, let me warn you.  It is painful - incredibly painful.
Pure Storage:
2014: Pure, EMC, HP, and Violin all Up Their Games  —  The past few months have seen bold announcements from EMC, HP, Violin, and of course Pure Storage, the net result of which is that the market has changed and moved forward appreciably.
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 More Items: 
Paul Sawers / The Next Web:
Google teams up with The British Library to bring vast collection online
Discussion: Telegraph, BBC and paidContent:UK
Ben Gilbert / Mumblings and other nonsense:
My experience (or lack thereof) with “The AOL Way”
Devindra Hardawar / VentureBeat:
Naratte's Zoosh enables NFC with just a speaker and microphone
 Earlier Items: 
Yoko Kubota / Reuters:
Sega says 1.3 million users affected by cyber attack
Ernesto / TorrentFreak:
uTorrent / BitTorrent Sued For Patent Infringement
 

 
From Mediagazer:

Ernesto Londoño / Washington Post:
Post reporter, other Americans appear to have been detained in Iran

CNN:
Journalist working for CNN abducted in Ukraine

Reuters:
Carey pressured from both sides of Fox Time Warner deal to stay in job

 
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