June 2, 2012, 7:00 PM

Top News

Colleen Taylor / TechCrunch:
The Instagram Effect?  Mobile Photo Sharing App PicPlz To Shut Down Permanently On July 3  —  PicPlz, the mobile photo sharing app that is perhaps known best for being an early and direct competitor with Instagram, will shut down permanently on July 3.  —  PicPlz delivered the news through …
Jacob Aron / New Scientist:
Over-55s pick passwords twice as secure as teenagers'  —  People over the age of 55 pick passwords double the strength of those chosen by people under 25 years old.  That's according to the largest ever study of password security, which also found that most of us choose passwords that are less secure than security experts recommend.
Tim Stevens is the nicest guy in tech  —  Not to mention one of the most powerful.  The editor in chief of Engadget plays a crucial — if not always acknowledged — role in the $190 billion consumer electronics industry.  And, in a cast of blowhards and rascals, he's a different sort of editor …
Ernesto / TorrentFreak: Reinvents Movie Torrents, With Style  —  Every year hundreds of new torrent sites are launched, but only a few manage to rise to the top. is one of these newcomers, and since it has something unique to offer it is likely to stick around.
Frank Sennett / Wall Street Journal:
Behind Groupon's $6 Billion Brushoff  —  If you believe the rumored numbers, it would have been the biggest acquisition in Internet history—and you definitely should believe the numbers.  In the fall of 2010, search giant Google GOOG -1.70% offered nearly $6 billion to buy Groupon …
Wailin Wong / Chicago Tribune:
Lock-up over, Groupon shares tumble 9%  —  Shares of Groupon Inc. tanked on Friday, reflecting heavy selling as restrictions on insider sales of stock were lifted.  —  The stock closed down nearly 9 percent, or 95 cents, at $9.69 per share.  Earlier in the session, it hit a 52-week low of $9.53.
Dante D'Orazio / The Verge:
Exclusive: new Verizon FiOS plans coming June 17th, 300Mbps service to cost $204.99 per month  —  Verizon offered up quite the tease last week when it revealed that it was boosting speeds on its FiOS internet plans while refusing to detail how much it was going to charge for each tier.
David Smith:
iAd's Hopefully Long Future  —  Following Tim Cook's appearance at the D10 conference I've heard murmors questioning the future of iAd.  Specifically Tim was asked by a Google exec about Apple's advertising business, he replied that it wasn't one of the legs of Apple's stool.
Cyrus Farivar / Ars Technica:
Stuxnet admission likely to have foreign policy consequences  —  Given the unofficial confirmation Friday that the United States was behind Stuxnet—the malware designed to sabotage the Iranian nuclear program—political and technical experts suggest that this may effectively put the United States …
Chris Ziegler / The Verge:
Samsung Galaxy S III for T-Mobile USA leaks with Euro-style home button  —  The Verge has just received pictures of T-Mobile USA's branded Galaxy S III from Samsung that's expected to be announced in the coming weeks.  The strangest thing about the leaked phone is what isn't different about it …

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