July 12, 2012, 6:05 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.
Nicole Perlroth / Bits:
Yahoo Breach Extends Beyond Yahoo to Gmail, Hotmail, AOL Users  —  Yahoo confirmed Thursday that a file containing approximately 400,000 usernames and passwords to Yahoo and other companies was stolen Wednesday.  A group of hackers, known as the D33D Company, posted usernames and passwords …
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 …
Dave Kennedy / TrustedSec:
Anders Nilsson / Säkerhetsbloggen:
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.
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 …
Drew Olanoff / The Next Web:
Wedding and engagement news now get the birthday treatment on Facebook  —  If you're like me, you don't have the time to watch every single item flow through your News Feed on a daily basis.  Because of that, I miss out on some pretty awesome events like a wedding or engagement.
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.
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 …
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 …
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 …
Rich Karlgaard / Forbes:
Microsoft's Steve Ballmer Talks About Windows 8, Bill Gates and Steve Jobs — and Why Microsoft's Lost Decade Is A Myth.  —  On July 9th, I did an onstage interview with Microsoft CEO, Steve Ballmer, at Microsoft's annual Worldwide Partner Conference.  The venue was Toronto's Air Canada Centre …
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
Erin Bury / BetaKit:
Twitpic Founder Launches Helpmint to Simplify Customer Service  —  This week Twitpic founder Noah Everett launched his new startup, Charleston, SC-based Helpmint, to create simple conversation streams out of all a company's email, SMS and Twitter support requests.
Kara Swisher / AllThingsD:
Ross Still Not the Boss (Yet): Yahoo CEO Selection Now Likely to Take Longer Than Many Expect  —  According to multiple sources close to the situation, the selection of a CEO of Yahoo will not be announced today at its annual meeting, as many anticipate.  —  In fact, sources said …
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 …
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.
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 …
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

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