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1:40 PM ET, July 29, 2011


 Top Items: 
Around The World and Back Again:
Airbnb Nightmare: No End In Sight  —  Somewhere around 1:00 am yesterday, my horror story was picked up by Hacker News; to say this story has gone viral in the past two days would be the understatement of my life.  I sit here now, taken aback and utterly astounded as I witness …
Airbnb Confirms Insurance for “in Case Your Pad Gets Trashed”
Josh Ong / AppleInsider:
Apple's $76B in cash reserves surpasses US government operating balance  —  New figures from the U.S. Treasury Department indicate that the government has a total operating cash balance of $73.768 billion, less than Apple's own war chest of $75.876 billion.  —  As noted by Matt Hartley …
Derek Thompson / The Atlantic Online:
Apple Now Has More Cash Than the U.S. Government  —  When Apple reported last week that it had $76 billion in cash, we speculated that it might be enough to buy Goldman Sachs or Facebook.  Today, Steve Jobs' reserves match up with the world's largest sovereign entity.  —  That's right.
Jennifer Van Grove / Mashable!:
Foursquare & Groupon Hook Up for Real-Time Deals [EXCLUSIVE]  —  Foursquare users in the U.S. and Canada will start to see Groupon's daily deals in the Explore tab of the application and on beginning Friday, Mashable has learned.  —  Groupon has become Foursquare's sixth and latest daily deals partner.
Zach Holman:
Steve Jobs Sometimes Lies to You  —  I love Apple.  I love Apple so much that if someone gave me a bulletproof vest made out of MacBook Airs, I'd strap it to my back and take a bullet to my chest to protect my precious aluminum friends.  —  But Steve's lying to us when it comes to FaceTime.
Discussion: The Business Insider and MacNN
Eric Slivka / MacRumors:
Apple Passes Nokia and Holds Off Samsung to Become World's Top Smartphone Vendor [Updated]  —  Just hours after research firm IDC released data showing Apple dramatically outpacing the overall mobile phone industry in year-over-year growth for the second quarter of 2011 …
Patrick May / Mercury News:
Online marketers hit hard by California's new online-sales tax  —  It wasn't the Great Recession that killed Nick Loper's business.  It was a flick of Jerry Brown's wrist.  —  When the governor signed the state's new online-sales tax law last month, Seattle-based Amazon …
Cleve Nettles / 9to5Mac:
AT&T to implement data throttling in early October, just in time for iPhone 5  —  A new change for AT&T Wireless' Unlimited Data subscribers will soon be taking place.  Rumored to be starting in the first week of October, we've heard that AT&T will start throttling the data speeds of the network's top data hogs.
Brian Womack / Bloomberg:
Google Buys Inventions From IBM as It Aims to Build Patent Hoard  —  Google Inc., facing a growing threat of intellectual-property lawsuits, acquired a batch of patents this month from International Business Machines Corp. to bolster its portfolio.  —  “Like many tech companies …
MG Siegler / TechCrunch:
Looking To Sink Their Teeth Into Some Tasty Northwest Startups, Google Takes A Bite Of PIE  —  If you haven't heard of PIE, it's probably because you don't live in the Pacific Northwest.  But the Portland Incubator Experiment has already amassed such an impressive roster of startups that everyone may know about them soon enough.
Discussion: GeekWire, Pulse2 and Silicon Florist
Horace Dediu / asymco:
Apple captured two thirds of available mobile phone profits in Q2  —  The major publicly traded phone vendors have all reported results for the second quarter.  Based on the data available so far we can begin putting together a picture of the market.  —  The first picture I'll draw is usually the last: profitability.
Samsung's Galaxy S II teaser page for the US goes live  —  Phone expected to ship next month  —  Samsung has given a strong indication that the company's popular new smartphone, the Galaxy S II, will be hitting US shores soon.  Samsung has posted a new live webpage for the phone.
Matt Rosoff / The Business Insider:
STUDY: Internet Explorer Users Are Dumber  —  A research firm posted an IQ test on its Web site and then compiled the results from more than 100,000 users.  —  It found that there was no substantial difference between users of Chrome, Firefox, Safari, and Opera.  —  But Internet Explorer users had IQs below average.
Katharine Q. Seelye / New York Times:
Seattle Places Police Calls on Twitter  —  SEATTLE — A flurry of Twitter messages that began early Tuesday morning from the Seattle Police Department puzzled many Twitter users.  Was there a sudden crime wave in Seattle?  Was the city under attack?  Had a computer gone haywire?
Discussion: MediaPost and Gizmodo
Declan McCullagh / CNET News:
Microsoft's Web map exposes phone, PC locations  —  caption: Examples of HTC device locations that CNET extracted from Microsoft's location database.  —  Microsoft has collected the locations of millions of laptops, cell phones, and other Wi-Fi devices around the world and makes …
Discussion: and LAPTOP Magazine
Martin Bryant / The Next Web:
Google starts to open up its cloud music service with user invites, still US only  —  We haven't heard much about Google Music, the company's cloud-based music locker service, since it launched back in May at the I/O developer conference.  Getting in to try it was tough …
Discussion: ReadWriteWeb, Electronista and Engadget
Dante Cesa / Engadget:
‘Official-looking’ pic of white Galaxy S II leaks, unicorns right around the corner  —  Albino Nexus S, meet your better specced, bleached out, dual-core nemesis — the mythical white Samsung Galaxy S II.  The leaked snap is certainly timely, coming in only one day after a UK retailer promised …
Christopher Trout / Engadget:
Acer Iconia Tab A100 finally available in August for $300  —  It's been a long and twisted road for Acer's 7-inch Honeycomb tablet, but after all the starts and stops, we've finally got an ETA for the Iconia Tab A100.  According to an email sent out to Acer retail partners today …
Olga Kharif / Bloomberg:
Verizon Wireless Approves $10 Billion Distribution to Co-Owners  —  Verizon Wireless, the largest U.S. wireless carrier, approved a $10 billion distribution to owners Verizon Communications Inc. and Vodafone Group Plc, the first payout of that kind in more than five years.
Discussion: Pulse2 and Wall Street Journal
New York Times:
In Baring Facts of Train Crash, Blogs Erode China Censorship  —  BEIJING — “After all the wind and storm, what's going on with the high-speed train?” read the prophetic message posted last Saturday evening on the Chinese microblog Sina Weibo.  “It's crawling slower than a snail.  I hope nothing happens to it.”
John Marzulli / NY Daily News:
Fugitive taunts cops on Facebook “catch me if you can” before they find him in Brooklyn apartment  —  A fugitive fool who taunted cops on his Facebook page, “Catch me if you can, I'm in Brooklyn” - has been captured by U.S. marshals.  —  And guess where.  —  Victor Burgos was sitting …
Phil Milford / Bloomberg:
Rovi Sues Hulu Over Patents for Interactive TV Functions  —  Rovi Corp. (ROVI), a provider of digital home-entertainment products, sued online video service Hulu LLC alleging infringement of patents for interactive television functions and seeking unspecified damages.
Discussion: Reuters
Richard Lai / Engadget:
Dell Streak 10 Pro tablet makes global debut in China, we go hands-on  —  There's a Chinese saying that will suit most of our Western readers here: “quenching thirst by gazing at plums.”  Oh yes, we're talking about Dell's Streak 10 Pro alright.  Just as promised, said US company has skipped …
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 More Items: 
Jordan Crook / TechCrunch:
HTC Reports Record Profits In Q2, 12.1 Million Handsets Shipped
Discussion: Electronista
Sunny Ye / TechRice:
485 Million Netizens Strong: The Demographics of China's Internet Rise [CNNIC Report]
Jon Mitchell / ReadWriteWeb:
Cancer Survivors Build Social Network For Social Good
Kim Zetter / Threat Level:
Document: FBI Surveillance Geeks Fear, Love New Gadgets
Justin Ellis / Nieman Journalism Lab:
Why The Atlantic joined up with Pulse — and what the app's usage stats can tell data-hungry publishers
Robert Andrews / paidContent:UK:
Virgin Will Price Spotify ‘Significantly Less’ Than Spotify Does
Discussion: thinq_ and Music Ally
 Earlier Items: 
Jack Purcher / Patently Apple:
Apple Reinvents How 3D Displays Could One Day Deliver Content
Robert X. Cringely / I, Cringely:
Bandwidth caps are rate hikes
Discussion: TechCrunch

From Mediagazer:

Jeremy Borden / Columbia Journalism Review:
How a little-known, Uber-driving freelancer brought the lawsuit that forced Chicago to release a police shooting video

Danny Sullivan / Marketing Land:
Google announces ad partner support for Accelerated Mobile Pages, its version of Facebook's Instant Articles, launching early next year

Alex Weprin / Politico:
CNN pivots HLN back toward news

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