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5:40 PM ET, July 1, 2011

Techmeme

 Top Items: 
Tricia Duryee / AllThingsD:
Zynga Finally Files for IPO to Raise $1 Billion  —  Zynga, a four-year-old company which has made its riches off selling virtual goods in social games, has filed to raise $1 billion in an IPO.  —  The IPO may potentially rank among the largest of the year, especially among tech companies.
RELATED:
Matt Rosoff / The Business Insider:
Zynga Gets “Substantially All” Its Revenue And Players From Facebook  —  The top risk factor mentioned in Zynga's IPO filing this morning is its dependence on Facebook.  —  The company admits that basically all of its revenue comes from its partnership with Facebook: “We generate substantially …
Discussion: BetaNews and @emilychangtv
Erick Schonfeld / TechCrunch:
A Snapshot Of Zynga's Financials: Revenues Grew 392 Percent Last Year To $600 Million  —  Zynga finally filed for its IPO today, and we now we get to take a look at its financials.  At a high level, the company made nearly $600 million in revenues last year, and $90 million in profits.
Dawn Chmielewski / Company Town:
Google Inc. in preliminary talks to buy Hulu  —  Google Inc. is in preliminary talks to buy online video pioneer Hulu, people familiar with the situation said.  —  Hulu has begun meeting with potential buyers including Google, Microsoft Corp. and Yahoo Inc. to drum up interest in a sale …
RELATED:
Todd Bishop / GeekWire:   Report: Microsoft in the mix as Hulu explores possible sale
Michael Arrington / TechCrunch:
Facebook Will Launch In-Browser Video Chat Next Week In Partnership With Skype  —  Earlier this week Facebook while visiting Seattle CEO Mark Zuckerberg tipped off Seattle press that the company would be launching an “awesome” new product next week that has been built by Facebook's Seattle team.
DigiTimes:
iPhone 5 and iPad 3 upstream suppliers begin to prepare materials  —  Taiwan-based companies included in the supply chain for iPhone 5 and iPad 3 have begun to prepare materials for the production of the two devices, which are likely to make their debuts in September and to hit the market in October, according to industry sources.
Jonathan S. Geller / BGR:
More letters to RIM; employees rally alongside anonymous exec  —  BGR published an open letter to Research In Motion yesterday from an anonymous high-level RIM executive who begged for senior management to take notice of all of the issues within RIM.  The exec explained how the company …
Sachin's Posterous:
Why Apple built Final Cut Pro X  —  I worked on Final Cut Pro from 2002 to 2008.  It was an amazing experience.  The Final Cut Pro X project was just getting started when I left Apple.  It was an ambitious and controversial move, but it made sense for Apple.  Here's why:  —  Apple doesn't care about the pro space
RELATED:
Leena Rao / TechCrunch:
Adobe Offers 50 Percent Discount For Final Cut Pro Users Who Switch To Premiere Pro
Sarah Perez / ReadWriteWeb:
Thanks to Google Plus, Picasa Gets Unlimited Storage for Photos & Videos, Also Better Tagging  —  With the launch of Google Plus, there may be some confusion as to how the photos uploaded to the social network (Google+) integrate with Google's online photo-sharing service (Picasa), especially in terms of storage limits.
Discussion: Technologizer and Liliputing
Richard Lawler / Engadget:
Consortium including Apple, EMC, Ericsson, Microsoft, RIM and Sony snags Nortel patents for $4.5 billion  —  News that Google had competition for a bundle of patents being sold by bankrupt Nortel Networks surfaced a week ago and now it's official; a consortium of companies including Apple …
RELATED:
Mark Gurman / 9to5Mac:
OS X Lion Golden Master seeded to developers ahead of July launch  —  Apple has seeded the golden master version of OS X Lion to developers ahead of its public release sometime this month (July).  The golden master download is available from Apple's Mac Developer website.  The build number is 11A511.
Dick Craddock / The Windows Blog:
Instant email: how we made Hotmail 10x faster  —  We announced last week a new version of SkyDrive, in which SkyDrive was redesigned from the ground up to have great performance on modern browsers.  Like the SkyDrive team, we've also been hard at work on ways to speed up Hotmail.
Rafe Needleman / CNET News:
Developer API for Google+: It's coming  —  Google's new social network, Google+, has only been public for two days, and developers are already interested in access to the service so they can roll out add-ons and improvements.  —  Fortunately for them, and ultimately for Google+ users, developer access is coming.
RELATED:
Twittereng / Twitter Engineering:
Fast Core Animation UI for the Mac  —  Starting today, Twitter is offering TwUI as an open-source framework (https://github.com/twitter/ twui) for developing interfaces on the Mac.  —  Until now, there was not a simple and effective way to design interactive, hardware-accelerated interfaces on the Mac.
Discussion: Daring Fireball
Leena Rao / TechCrunch:
LinkedIn Cuts Off API Access To BranchOut, Monster's BeKnown And Others For TOS Violations  —  Exclusive: Professional social network LinkedIn has shut down API access to a number of developers for terms of service violations, according to the company.  The six developers whose access …
Simon Mackie / GigaOM:
Chrome breaks 20 percent global browser market share  —  Google's Chrome browser is continuing to grow in popularity.  According to StatCounter, a website analytics company, Chrome is now used by a fifth of Internet users worldwide, taking 20.7 percent of the global browser market in June, up from just 2.8 percent in June 2009.
Phil Nickinson / Android Central Podcast:
Verizon Droid 3 specs revealed, show a 4-inch Gingerbread world phone  —  Hey, look at that.  It's the Verizon Droid 3 specs — and lined up next to the Droid 2 and Droid X2 for good measure.  Let's just give 'em the full rundown.  —  The Droid 3 looks like it'll launch with Android 2.3 Gingerbread.
CNNMoney.com:
Google braces for illegal drug ad fine  —  NEW YORK (CNN) — Internet search operator Google is bracing for a fine that could top $500 million, after a federal probe of illegal online pharmacy ads placed on the website over the past three years.  —  Law enforcement sources told CNN …
Discussion: The Next Web
Max Wang / DigiTimes:
Apple likely to dethrone HP as leading portable PC vendor  —  Apple is likely to replace Hewlett-Packard (HP) as the global number one notebook vendor in 2012 if tablet PCs are included in the calculation of global notebook shipments, according to industry sources.
Alistair Barr / Reuters:
Facebook set for $1 billion in social-gaming revenue  —  (Reuters) - Facebook Inc is on course to generate $1 billion in revenue this year from social gaming, according to Kevin Ryan, a leading Internet entrepreneur and former chief executive of online advertising giant DoubleClick.
Betina Chan-Martin / Hulu Blog:
TV Just Got A Whole Lot More Social  —  Do you remember when?  —  I knew Dwight's stint as manager of the Scranton office would end with hilarious results.  But did I see that coming?  Not in a million years.  But of course, the moment he strutted out with his holster (and gun!) …
Ina Fried / AllThingsD:
AT&T Opens the Bridge for BlackBerry-PlayBook Connection  —  AT&T, which had held off allowing BlackBerry users to connect their devices with the PlayBook tablet, said that it is enabling the Bridge software needed for such a pairing.  —  Users will be able to access basic information coming …
 
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 More Items: 
Ryan Lawler / GigaOM:
Hulu halts Facebook Connect after exposing user data
Rachel Chitra / Reuters:
Nokia to exit Japan cellphone market by August: report
Henry Blodget / The Business Insider:
Facebook Goddess Sheryl Sandberg On Short List To Replace Tim Geithner As Treasury Secretary
Discussion: James Pethokoukis
Greg Sandoval / CNET News:
Spotify, Facebook in talks on music service
Liz Gannes / AllThingsD:
Even as It Makes Credits Mandatory for Games, Facebook Downplays Its Payment Ambitions
Gautham Nagesh / Hillicon Valley:
Google hiring 12 lobbying firms as FTC readies antitrust probe
Discussion: paidContent, 9to5Google and Reuters, Thanks:gnagesh
 Earlier Items: 
Megan Garber / Nieman Journalism Lab:
A year after its big redesign, how Google News is thinking about the best ways to present news stories
Discussion: MediaPost
Connie Loizos / PE Hub Blog:
Kleiner Perkins and Andreessen Horowitz: Separated at Birth?
The New York Observer:
Steal This Start-Up! No Longer Content to Write Checks, VCs Are Giving Away Their Best Ideas
Mike Shields / digiday:DAILY:
Tumblr is Blowing Up — So When Will Its Business?
Discussion: Betabeat