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Techmeme
April 16, 2012, 6:25 PM
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Brad McCarty / The Next Web:
Google Drive detailed: 5 GB for free, launching next week for Mac, Windows, Android and iOS  —  Sometimes we get lucky, and today is one of those days.  I got a draft release from a partner of Google's upcoming Google Drive service and it gives away a wealth of information about how Google plans to take on the incumbent Dropbox.
Liz Gannes / AllThingsD:
Confirmed: Redpoint Leads $40M Funding Round for Path  —  Path, the mobile social networking start-up, is planning to announce it has raised Series B funding as early as tomorrow, according to sources.  —  Redpoint Ventures led the $40 million round, which values Path at $250 million.
Om Malik / GigaOM:
Why Path is no Instagram  —  Ever since Facebook decided that Instagram was worth $1 billion, there has been recurring talk of Path, another social service being the next big buyout target.  And while I am happy for the Path team, I find the comparisons with Instagram unfounded and premature.
More: CNET
Serena Saitto / Bloomberg:
RIM Said to Discuss Hiring Bank to Help Weigh Strategy Options  —  Research In Motion Ltd. (RIM), the troubled maker of the BlackBerry smartphone, is in talks to hire a financial adviser that can help it weigh strategic options, according to three people with knowledge of the matter.
Eric Mack / CNET:
Raspberry Pi $35 mini system starts shipping  —  The credit card-sized Linux system is being delivered to first 10,000 customers worldwide this week.  Raspberry Pi, the $35 Linux system about the size of a credit card, is fully baked and ready to eat... er, ship.
Rachel King / Between the Lines Blog:
Oracle v. Google: What's at stake  —  Summary: Oracle and Google are finally going to trial after two years of litigation, but what's really at stake here for these two Silicon Valley giants?  —  Oracle's patent infringement lawsuit against Google is finally set to go to trial …
Chris Dary / Readability Blog:
Introducing Iris: A Big Leap Forward in Drawing Meaning from the Web  —  Today we're incredibly proud to be launching the next generation of our content normalization engine, codenamed Iris.  It's live right now and you'll start to see improved results as you use Readability over the next few weeks.
More: PandoDaily and The Verge.  Thanks:@steverubel
Michael Calderone / The Huffington Post:
Huffington Post Wins Pulitzer Prize  —  Huffington Post senior military correspondent David Wood has spent decades covering war, watching as wounded combat troops are loaded onto medical evacuation helicopters and, he said, “go off in a cloud of dust.”  But after their sacrifice on the battlefield …
Jay Yarow / Business Insider:
Mark Cuban Took A Big Stake In Vringo, The Company In The Middle Of A Massive Patent Attack On Google  —  Mark Cuban has invested in mobile ringtone company Vringo, which has a big patent lawsuit with Google, and other tech companies.  —  Cuban took a 7.4% stake in the company.
More: WebProNews
Dan Frommer / ReadWriteWeb:
Why Facebook Terrifies Google  —  Google is still the biggest, baddest online advertising company on the planet.  Its $2.9 billion profit last quarter, announced yesterday, was almost as much as Facebook's revenue for all of 2011.  —  But Facebook has something important that Google doesn't …
Devindra Hardawar / VentureBeat:
Foursquare confirms 20M users, 2 billion check-ins, on 4sqDay 2012  —  Today, the third annual 4sqDay (April 16, four-squared, get it?), check-in king Foursquare confirmed that it has reached new milestones of 20 million users and a whopping 2 billion check-ins.
Nick Hopkins / Guardian:
US and China engage in cyber war games  —  Exclusive: US and Chinese officials take part in war games in bid to prevent military escalation from cyber attacks  —  The US and China have been discreetly engaging in “war games” amid rising anger in Washington over the scale and audacity …
Kim-Mai Cutler / TechCrunch:
Mobile Gaming Startup Funzio Is Raising $50M At A $350M Valuation  —  In what will be a bellwether for the mobile gaming industry after Zynga's deal to buy OMGPOP, Funzio is looking to raise $50 million at a $350 million pre-money valuation, according to sources familiar with the talks.
Nathan Ingraham / The Verge:
Galaxy Nexus coming to Sprint on April 22nd for $199.99, includes a $40 Google Wallet credit  —  We've been waiting for a release date since CES, but it's finally official — the Galaxy Nexus is coming to Sprint on April 22nd for $199.99 when you sign a new two-year contract.
Matthew Panzarino / The Next Web:
Twitter acquires social analytics company Hotspots.io for its revenue engineering team  —  The social analytics company Hotspots.io has been acquired by Twitter, and its team will be joining the revenue engineering department there, according to a splash page on its website.
David Carr / New York Times:
The Media Equation: Amazon Low Prices Disguise a High Cost  —  The Justice Department finally took aim at the monopolistic monolith that threatened to dominate the book industry.  So imagine the shock when the bullet aimed at threats to competition went whizzing by Amazon …
Sean Ludwig / VentureBeat:
Rackspace launches OpenStack-powered next-gen public cloud  —  Rackspace, the top cloud infrastructure provider after Amazon, has significantly upgraded its core offerings with a new next-generation public cloud powered by OpenStack, the company said Monday.
Apple:
New iPad Arrives in South Korea & 11 Additional Countries This Week  —  CUPERTINO, California April 16, 2012 Apple® today announced the new iPad®, the third generation of its category defining mobile device, will arrive in South Korea and 11 additional countries on Friday, April 20.
Dante D'Orazio / The Verge:
Asus opens up registrations for Transformer Prime GPS dongle  —  It looks like the Asus Transformer Prime GPS saga is coming to a close.  After complaints about poor positioning performance, Asus has announced that it is going to give owners a free GPS dongle that should drastically improve the accuracy and speed of lock-ons.
Leena Rao / TechCrunch:
SEC Filing: First Round Capital Raising $135 Million For New Fund  —  From a recent SEC filing, it looks like early stage investment firm First Round Capital is raising $135 million for a new fund, First Round Capital IV, L.P. Managing partners Josh Kopelman, Chris Fralic …

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From Mediagazer

New York Times:
In an email to staff, Nick Bilton promises editorial independence for 60 Minutes and praises veteran staff members Lesley Stahl, Bill Whitaker, and Jon Wertheim

Charlotte Tobitt / Press Gazette:
The Guardian's EIC says digital reader revenue rose 17% YoY to £125M in the year to March 31 and over 40% of revenue is from outside the UK, up from 8% in 2016

Financial Times:
Court filings: Trump's legal team has refused to hand over financial documents requested by the BBC in his $10B defamation case despite claiming financial harm

More News

Earlier Picks

Matt Brian / The Next Web:
Samsung sends out event invites to “come and meet the next Galaxy” on May 3 in London.  Galaxy S III incoming?
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