Techmeme
July 12, 2012, 7:55 PM

Top News

Wall Street Journal:
Betaworks to Pay $500,000 for Fallen Social Media Star Digg  —  New York technology development firm Betaworks has agreed to buy news-sharing website Digg, in an attempt to revive a company that was early to social media but outmaneuvered by rivals like Facebook Inc. and Twitter Inc.
Matt Williams / Digg Blog:
Digg and Betaworks  —  Today marks the next stage in Digg's future.  —  Believe it or not, it's been seven years since Digg launched.  To date, we've had over 350M Diggs, 28M Story Submissions and 40M Comments.  We're extremely proud to have helped pioneer social voting on the web.
Ingrid Lunden / TechCrunch:
Yahoo Confirms, Apologizes For The Email Hack, Says Still Fixing.  Plus, Check If You Were Impacted (Non-Yahoo Accounts Apply)  —  There are still a lot of questions about this alleged Yahoo Voices data breach — including whether there was a reason behind the breach in the first place …
Nielsen Blog:
Two Thirds of New Mobile Buyers Now Opting For Smartphones  —  During Q2 2012 smartphone penetration continued to grow, with 54.9 percent of U.S. mobile subscribers owning smartphones as of June 2012.  This growth is driven by increasing smartphone purchases: 2 out of 3 Americans who acquired …
Ben Kuchera / Penny Arcade Report:
The reality of the OUYA console doesn't match the hype: why you should be skeptical  —  There is a reason that the press around the newly-announced OUYA game console is based almost exclusively around the amount of money being raised by the product's Kickstarter, and that reason is simple: There is very little else to report on.
Jenna Wortham / Bits:
Brewster, a Mobile App, Wants to Transform Your Address Book  —  On average, how many contacts do you have in your phone?  How about on Facebook?  On Twitter?  —  Steve Greenwood, an entrepreneur in New York, is willing to bet that the average person is juggling at least a thousand contacts and could use a little help.
Chris Welch / The Verge:
Nexus 7 arrives: here's where you can buy it right now (update: Google asks retailers to halt sales)  —  Google says it's “still on track” for a mid-July release of the Nexus 7 — the company told us it still isn't officially on sale — but the Asus-manufactured device is already starting to crop up at resellers.
Dylan Tweney / VentureBeat:
Microsoft's Bing Fund will give online startups cash, advice, and discounts  —  After playing coy and dropping hints for weeks, Microsoft has finally announced its newest incubator, the Bing Fund.  —  The Bing Fund will invest $50,000-$100,000 in early-stage startups, through standard convertible notes …
Christina Chaey / Fast Company:
LevelUp Will End Your Business' Credit Card Processing Fees.  Really.  —  Merchants shell out $50 billion a year to the companies that process your credit card payments.  One company, LevelUp, is dropping its fees altogether.  Here's how they're getting away with it.
Donna Tam / CNET:
NBC Olympics to stream games live on mobile devices  —  NBC Sports and Adobe Systems have teamed up to give fans two apps that stream the Olympics live on mobile devices, record footage for playback, and share the experience through social media.  —  The apps — a live-streaming app …
Neil Hughes / AppleInsider:
20 million iPad sales projected for Apple's June quarter  —  Apple is poised to report record breaking sales of 20 million iPads in the just-concluded June quarter, one analyst believes.  —  Charlie Wolf with Needham & Company issued a note to investors on Thursday in which he increased …
Darrell Etherington / BetaKit:
FuzeBox Grabs $20M for Online Meetings Tool That Counted Steve Jobs As a User  —  FuzeBox, the online meetings company that found favor with Steve Jobs, among many other influential figures in tech and business, today announced that it has raised a $20 million Series A round from venture sources …
Tim Farrar / TMF Associates MSS blog:
Spectrum crisis or capex crisis?  —  As others have pointed out recently, the supposed spectrum crunch is really more of an infrastructure crunch, because if wireless data traffic is going to grow by 10 or 20 times, how can 20% more spectrum possibly solve that problem?
More: BuzzFeed
John Cook / GeekWire:
After the writedown: How Microsoft squandered its $6.3B buy of ad giant aQuantive  —  Big expectations for aQuantive: In this 2007 file photo, then-Microsoft executive Kevin Johnson, left, talks with aQuantive co-founder Nick Hanauer, center, and former aQuantive CEO Brian McAndrews.
More: The Next WebThanks:@toddbishop
Colleen Taylor / TechCrunch:
InMobi Acquires MMTG Labs, The Startup Behind AppBistro And AppGalleries  —  We're hearing that mobile ad network InMobi has acquired MMTG Labs, a San Francisco startup that operates AppBistro, an application marketplace for Facebook pages, and AppGalleries, which is a white-label app store platform …
Greg Bensinger / Digits:
Netflix Users' Taste for Movie Streaming Continues to Fall  —  Netflix Inc., which built its business on mailed movie DVDs, is increasingly the destination of choice for television viewing.  —  Netflix users were less interested in streaming movies titles than a year earlier …
Matt Brian / The Next Web:
Moving beyond Angry Birds, Rovio launches Amazing Alex for iOS and Android  —  Rovio has proved there is life beyond Angry Birds by today launching its new puzzle-based games series Amazing Alex on iOS and Android devices, challenging gamers to complete 100 levels using 35 fully interactive objects.
Mark Gurman / 9to5Mac:
New Food and Drink category goes live in the App Store  —  Earlier this month, Apple promised that a new Food and Drink section would be going live in the App Store in the coming weeks.  Like clockwork, Apple's new App Store section has gone live.  The new section currently holds nearly 3000 apps …
Ingrid Lunden / TechCrunch:
Square Issues Cease And Desist On Mobile Payment Competitor mPowa: Hands Off Our Hands Picture  —  They say imitation is the sincerest form of flattery, but Square is definitely feeling insulted right now.  The well-funded and popular mobile-payments startup has issued a cease and desist letter …

Sponsor Posts

Microsoft:
Children's Mercy app brings doctors home with babies born with heart disease  —  An app conceived by a pediatric cardiologist at Children's Mercy hospital has saved babies and made life easier for their worried parents …
eero:
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Brookings Institution:
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