Techmeme
July 12, 2012, 11:45 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.
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:
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 …
Business Week:
The Education of Groupon CEO Andrew Mason  —  There's an excellent Japanese restaurant in Chicago's Wicker Park neighborhood.  The place has been around for years and still draws a crowd, a trendy mix of tattooed hipsters and business-casual professionals.  Black-clad waiters …
More: Wired
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.
Reuters:
Google CEO Page recovering, was in office this week  —  (Reuters) - Google Inc CEO Larry Page, absent from the Internet company's biggest public events for weeks, is recovering from an unspecified ailment that caused him to lose his voice and was in the office on Monday, Executive Chairman Eric Schmidt said.
More: Digits, CNET and MediaFile
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 …
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 …
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.
Dan Levine / Reuters:
LG to pay $380 million to settle display panel price-fixing case  —  (Reuters) - South Korea's LG Electronics Inc (066570.KS) has agreed to pay $380 million to resolve a civil lawsuit over price fixing in the liquid crystal display market, the largest amount paid among the ten companies …
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.
Jordan Kahn / 9to5Google:
Google releases migration tool for Google+ circles and connections  —  In a blog post on his Google+ page, Google+ Product Manager Ronald Ho announced a new tool to transfer circles from one account to another that is now available through Google Takeout.  In an overview of the long-requested feature …
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 …
Connie Guglielmo / Forbes:
Apple, Challenged By Greenpeace, Says It Has A Plan To Run Greener Data Centers  —  Greenpeace International gave Apple a mixed review over its clean energy plans for its data centers, the huge servers farms that power its iCloud and its other online services like iTunes …
Bloomberg:
Diller Says Aereo Will Expand To Most Large U.S. Cities  —  Aereo Inc., the online television service backed by Barry Diller, will expand from New York to other large U.S. cities following a favorable court ruling, the 70-year-old billionaire said.  —  “We're going to really start marketing …
More: CNET and The Verge
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 …
John Cook / GeekWire:
E-signature company DocuSign raises $47.5 million, names Mary Meeker to board  —  DocuSign, the maker of electronic signature technology, has raised $47.5 million in equity financing, according to a SEC filing released today.  Terms of the deal and investment firms were not listed in the filing …
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 …

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