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May 15, 2012, 8:25 PM
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Chris Dixon:
Facebook's business model  —  Startups usually succeed because of a single major product or business innovation.  Google is unusual in that they succeeded because of two major innovations: their core search product, and their keyword advertising business model.
More: Slate.  Tweets: @mattrosoff
CNBC:
As Investors Fawn Over Facebook, Poll Finds User Distrust, Apathy  —  Facebook's initial public offering will be the largest and perhaps the most highly anticipated Internet deal in history.  —  Faced with great expectations, however, Facebook is staring down some unnerving obstacles …
Robin Wauters / The Next Web:
Facebook offers 50.6m extra shares, confirms new $34-$38 price range, may raise up to $14.7 billion
Matt Galligan:
Socialcam's Shady Secret  —  I had a hunch that Socialcam was doing some really shady tactics to get more of a bump in engagement at the detriment of user experience.  Looks like my hunch was right.  The app has been on quite the tear lately with how much it's growing and getting insane engagement.
Amir Efrati / Wall Street Journal:
Google Changes Tack on Android  —  Google Inc. is shifting its strategy for its Android mobile operating system, in a bid to create a united front with smartphone and tablet makers to take on rivals like Apple Inc. and prevent wireless carriers from controlling the devices.
Wall Street Journal:
GM to Stop Advertising on Facebook  —  General Motors Co. GM -1.04% plans to stop advertising on Facebook after the company's marketing executives determined their paid ads had little impact on consumers, people familiar with the matter said, a move that comes as more companies question …
Mat Honan / Gizmodo:
How Yahoo Killed Flickr and Lost the Internet  —  Web startups are made out of two things: people and code.  The people make the code, and the code makes the people rich.  Code is like a poem; it has to follow certain structural requirements, and yet out of that structure can come art.
Chris Ziegler / The Verge:
T-Mobile USA's Philipp Humm announces restructuring, ‘difficult decisions’ to staff  —  T-Mobile USA CEO Philipp Humm had previously announced a round of layoffs with a net loss of some 1,000 jobs back in March, and the company's restructuring continues today with another memo sent to employees.
Jay Yarow / Business Insider:
Google's Chrome Browser Is Coming For iOS, Says Macquarie  —  Macquarie analyst Ben Schacter has a surprising report out this morning.  —  He writes, “Google Chrome browser for iOS is coming.”  —  He adds, “Apple may already be reviewing Google's submitted code for a Chrome browser for iOS.”
Mark Gurman / 9to5Mac:
Apple also working on MacBook Airs and iMacs with Retina Displays  —  Mockup showing Retina Display 11 and 13 inch MacBook Airs  —  On Monday we broke the news that Apple is readying a brand-new 15-inch MacBook Pro with cornerstone features like an ultra-thin design and USB 3 ports for incredibly fast data transfers.
Bryan Bishop / The Verge:
Oracle makes 11th-hour proposal to keep big payday hopes alive  —  If there's one thing the Oracle vs. Google trial hasn't been short of, it's plot twists and turns.  The trend continued today courtesy of Oracle counsel David Boies, who made a principled plea to Judge Alsup over what he felt Oracle …
More: CNET
Nitasha Tiku / Betabeat:
Kevin Ryan Asks Jetsetter CEO Drew Patterson to Step Down After ‘Mutiny’ From Staffers  —  Gilt Groupe founder Kevin Ryan and Gilt Groupe chairman Susan Lyne spent Monday in meetings at the offices of Jetsetter, an independent deals site for luxury travel bookings under the Gilt umbrella.
More: Tnooz
Jack Purcher / Patently Apple:
Apple introduces the Steering Wheel Remote Control  —  The US Patent and Trademark Office officially published a series of twenty-one newly granted patents for Apple Inc. today.  The most surprising one of them all is one that snuck through the patent system until today.
Sharif Sakr / Engadget:
Those suave Google glasses are now patent-protected  —  Google has successfully patented the “ornamental design” of its augmented reality eyewear.  To you, me and Aunty Dee they might look almost like regular Ray-Bans, but there's a lot of secret technology concealed within those sleek lines …
Matt McGee / Search Engine Land:
Bing's New Social-Friendly Search Interface Now Live  —  The new Bing interface, with a healthy dose of social connections and discovery, is now live for all users.  —  Bing's announcement today says that anyone can access the new interface at www.bing.com/new, but you should also see a new message atop …
Nicholas Carlson / Business Insider:
EXCLUSIVE: How Mark Zuckerberg Booted His Co-Founder Out Of The Company  —  Ahead of Facebook's $15 billion IPO later this week, Billionaire Facebook co-founder Eduardo Saverin has renounced his US citizenship in order to avoid a boatload of taxes.  —  One reason this is possible: Saverin no longer works at Facebook.
More: CNET, WebProNews and Gizmodo

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From Mediagazer

Benjamin Mullin / New York Times:
Arkansas PBS severs ties with the PBS network, the first state public TV system to do so since Congress cut CPB funds, citing the annual $2M+ membership cost

Pamela McClintock / The Hollywood Reporter:
Disney's Zootopia 2 surpasses $1B at the global box office, the fastest PG-rated film to do so after just 17 days in release

Trip Gabriel / New York Times:
R. Bruce Dold, a Pulitzer Prize-winning journalist at the Chicago Tribune, where he became editor-in-chief and publisher, is dead at 70

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