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May 17, 2012, 12:45 PM
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AllThingsD:
Exclusive: Japan's Rakuten Wins the Heart of Pinterest in $100M Funding Race With $1.5B Valuation  —  Rakuten, the largest e-commerce site in Japan, is expected to be the lead investor in the much-contested next round of funding for Silicon Valley's hottest start-up, Pinterest.
Tim Bradshaw / FT Tech Blog:
Rakuten CEO on why Pinterest is worth $1.5bn  —  Rakuten has led a $100m funding round into Pinterest, which values the online “curation” community at around $1.5bn.  —  The Japanese ecommerce giant won out over major US venture capital firms who were vying for a piece of Silicon Valley's new sweetheart …
Sunlen Miller / ABCNEWS:
Senators to Unveil the ‘Ex-Patriot Act’ to Respond to Facebook's Saverin's Tax ‘Scheme’  —  Sen. Chuck Schumer, D-N.Y., has a status update for Facebook co-founder Eduardo Saverin: Stop attempting to dodge your taxes by renouncing your U.S. citizenship or never come to back to the U.S. again.
Quentin Hardy / New York Times:
A Facebook Co-Founder Reflects on the Path Forward  —  Eduardo Saverin can escape the United States, but he can't slip Facebook.  —  “Everything I do in my personal life, in my professional life, it's completely there,” said Mr. Saverin, a Facebook co-founder, in his first major interview.
Alex Wilhelm / The Next Web:
US-citizenship renouncing Facebook cofounder Saverin may be effectively banned from the country  —  Oh dear, I don't think that too many people saw this coming.  I do hope that Eduardo Saverin did, however, as his move to renounce his US citizenship may carry a penalty …
Business Week:
How Mark Zuckerberg Hacked the Valley  —  In 2006, when he was 22, Mark Zuckerberg gave up writing computer code to focus on managing his rapidly growing startup.  Like Jim Brown retiring from football at 29 or E.M. Forster abandoning the novel in his forties, the prodigy who programmed …
Don Reisinger / CNET:
Facebook's latest filing: Insiders are cashing in
Nilay Patel / The Verge:
HTC shipping custom Android builds on US devices to avoid Apple patents  —  The HTC One X for AT&T and Evo 4G LTE for Sprint already bear the distinction of being the first Android devices to face an import block at US Customs for potentially infringing an Apple patent, but the ignominy may be fleeting …
Matthew Braga / Ars Technica:
Say hello to the real real-time Web  —  It's not just a buzzword, but a technological shift—the instantly accessible Web.  —  Real-time technologies are making Web apps faster—and in some cases, indistinguishable from desktop apps.  —  Garret Voight  —  It started with a simple idea …
Janko Roettgers / GigaOM:
Netflix launches sexy new web-based video player  —  Netflix just rolled out a completely revamped video player for browser-based viewing, and I gotta say, it's pretty slick: Not only does it come with lightbox-like text overlays while a video is paused, users can also preview entire seasons …
Sinead Carew / Reuters:
FCC chooses spectrum for wireless medical devices  —  (Reuters) - The U.S. telecommunications regulator is expected to announce plans on Thursday to set aside spectrum to connect wireless medical devices for more convenient health monitoring.  —  The Federal Communications Commission …
Antony Savvas / Computerworld UK Public Sector:
Met Police uses ‘quick’ mobile data extraction system against suspects  —  Police will have immediate access to data on handset  —  The Metropolitan Police has rolled out a mobile device data extraction system to allow officers to extract data “within minutes” from suspects' phones while they are in custody.
Ellen Nakashima / Washington Post:
White House's cybersecurity official retiring  —  The White House's cybersecurity coordinator said Thursday that he is stepping down at the end of this month after a 2 1 / 2-year tenure in which the administration has increased its focus on cyber issues but struggled to reach agreement …
Josh Lowensohn / CNET:
Flashback makers missed out on their payday, Symantec says  —  The high-profile Flashback Trojan that is estimated to have infected more than 600,000 Macs at its peak earlier this year would have earned its creators $14,000 in the course of three weeks.  —  The only hitch is that the money isn't going anywhere.
Evelyn M. Rusli / DealBook:
Spotify Is Raising Millions in a Deal That Would Value It at $4 Billion  —  The mega funding rounds are back.  —  Spotify, the social music service, is in the process of raising hundreds of millions of dollars in a deal that would value the company at as much as $4 billion …
Ellis Hamburger / The Verge:
Pipe: file sharing in the Facebook age is about to get real  —  The appeal of Pipe can't be witnessed on paper, but is instead evident in its visual simplicity.  You drag a file from your desktop onto a Super Mario-esque green pipe on your screen and the file disappears …
Jon Fingas / Engadget:
Plastic Logic shutters US offices, gets out of making its own e-readers  —  Plastic Logic has something of a rollercoaster history, having had to drop the QUE proReader before it even shipped and getting a $700 million cash injection that ultimately swung its attention to Russian schoolchildren.
More: GigaOM
Emil Protalinski / ZDNet:
Wikileaks has been under DDoS attack for the last three days  —  Summary: The Pirate Bay is down.  Wikileaks is down.  Visa was down.  Are all these Distributed Denial of Service (DDoS) attacks a coincidence?  Right now it's not clear, but something is definitely happening.
Kim-Mai Cutler / TechCrunch:
Eduardo Saverin Backs Mobile Wallet Contender Crowdmob  —  Eduardo Saverin may no longer be a U.S. citizen.  But that's not stopping him from investing in American companies.  —  In fact, he just closed a deal.  He's backing Crowdmob, a startup that's blending app promotion with discounts from local merchants.
Paul Sawers / The Next Web:
The Weather Channel launches redesigned iOS app, with new social, local and personal features  —  The Weather Channel has rolled out a new version of its iOS app which sees a massive interface overhaul and a number of key new features introduced.  —  Launched in the UK in July 2001 …
Sean Gallagher / Ars Technica:
Google's bots learn to read interactive webpages more like humans  —  Google can now index parts of the Web that weren't indexable before  —  Google feeds its search engine's index with site data from a virtual army of “bots”—Web-crawling applications that scour sites for content.
Mike Beasley / 9to5Mac:
Facebook rolling out new “Pages Manager” app for iPhone  —  Facebook has just broken out another feature of their main app and released Pages Manager for the iPhone.  The app appears to function just like the main Facebook app, but with all of the features dedicated to fan pages.

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From Mediagazer

Michael Sisak / Associated Press:
A US appeals court overturns Harvey Weinstein's 2020 conviction, finding the trial judge let women testify about allegations that were not part of the case

Eli Stokols / Politico:
Interviews with 24 people reveal the tense relationship between President Biden and the New York Times, beset by misunderstandings, grudges, and a lack of trust

Laura Kukkonen / Columbia Journalism Review:
After a reporter for Aamulehti, Finland's second-largest daily, acknowledged in his autobiography that he fabricated stories, the paper removes 551 articles

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