Techmeme
July 19, 2012, 5:55 PM

Top News

Kara Swisher / AllThingsD:
Mayer to Get $40 Million in Overall Compensation for Yahoo's Top Job  —  As I reported earlier today it would, Yahoo revealed in a regulatory filing that it was paying its new CEO Marissa Mayer a total of $40 million to turn the company around.  —  The amount, which is more almost quadruple …
More: Business Insider and BetaNewsTweets: @cnbc
U.S. Securities and Exchange Commission:
Employee Offer Letter  —  Yahoo! Inc. 701 First Avenue  —  Dear Marissa:  —  On behalf of Yahoo! Inc. ("Yahoo!" or the “Company"), I am pleased to offer you the position of President and Chief Executive Officer, reporting to the Company's Board of Directors (the “Board") …
More: Mashable!
Paul Sloan / CNET:
Yahoo's Marissa Mayer to earn $1M salary, plus giant bonus potential  —  If the ex-Googler can turnaround Yahoo, she'll become a business legend.  She'll also make bank.  —  Follow @paulsloan  —  In all the speculation about why Marissa Mayer left Google to take the job at Yahoo, no one has suggested she's doing it for the money.
More: AllThingsD
Frederic Lardinois / TechCrunch:
Microsoft Posts $492M Q4 2012 Loss Because Of $6.19B aQuantive Writedown, $18.06B Revenue  —  Microsoft just released its Q4 2012 earnings report, posting just $192M in operating income before taxes and its first ever loss ($492M) due to the writedown the company took because of its failed aQuantive acquisition.
Mario Aguilar / Gizmodo:
Microsoft Just Lost Money For the First Time Ever  —  Microsoft just posted its fourth quarter results, and for the first time since the tech giant was founded, it lost money.  But this isn't necessarly all doom and gloom the beginning of the end—not yet anyway.
More: GigaOM and GeekWireTweets: @davidgoldmancnn
John Paczkowski / AllThingsD:
Nokia's Bad News Not Completely Horrible — Shares Soar  —  Posting second-quarter earnings this morning, Nokia reported a loss of $1.74 billion and smartphone sales that fell 39 percent to 10.2 million.  Gruesome financials, to be sure.  But, remarkably, Nokia's stock has rallied on them.
Wall Street Journal:
Nokia's Bad Call on Smartphones  —  Frank Nuovo, the former chief designer at Nokia Corp., gave presentations more than a decade ago to wireless carriers and investors that divined the future of the mobile Internet.  —  More than seven years before Apple Inc. rolled out the iPhone …
Robin Wauters / The Next Web:
Kevin Weil / Twitter Advertising:
New targeting adds greater relevance to your Promoted Tweets  —  It's a fact — brands have been on Twitter since our earliest days.  They use the platform to connect with consumers in meaningful ways, offering everything from special discounts and exclusive content to new product information.
Jolie O'Dell / VentureBeat:
Google nabs $12B for Q2, including a tidy billion from new subsidiary Motorola  —  Google has just released the details of its second-quarter earnings: $12.21 billion in total consolidated revenue, around $1.25 billion of which came from Motorola Mobility, now officially owned by Google.
Brittany Darwell / Inside Facebook:
Facebook testing new Pinterest-inspired design for app stories in News Feed  —  Facebook appears to be testing a layout for Open Graph app stories that is similar in design to Pinterest, with boxes for individual items that allow Likes, comments and other app-specific actions.
Eric Slivka / MacRumors:
Apple Expands iTunes Movies in the Cloud to Over 35 New Countries [Updated]  —  In addition to today's iTunes Match expansion to Hungary and Poland, Apple has also undertaken a significant expansion of its iTunes in the Cloud feature, adding movies to the list of eligible items in the UK, Canada, Australia, and New Zealand.
Reuters:
Facebook, Wal-Mart chiefs meet to “deepen” relationship  —  (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg is about to add the biggest retail players to his list of friends.  —  Zuckerberg and his senior management team will spend two days at Wal-Mart Stores Inc's Bentonville …
Dean Takahashi / VentureBeat:
AMD reports weak second quarter earnings on PC market softness  —  Advanced Micro Devices reported relatively weak second-quarter earnings as it suffered more than its share of headaches from a softening personal computer market.  —  The chip maker, which is a perennial No. 2 to Intel …
Nathan Ingraham / The Verge:
Ben Jones / TorrentFreak:
Bat-Signal Heralds Launch of Internet Defense League  —  The Internet Defense League (IDL) launches today, looking to formalise the action that made such a statement 6 months ago.  Until recently, protests tended to be single-site activities, but opposition to SOPA and PIPA was so widespread …
Mike Isaac / AllThingsD:
Twitter Continues Legal Fight in Occupy Wall Street Protester Trial  —  Twitter announced on Thursday that it will appeal a recent ruling in an ongoing legal battle between the state of New York and a Twitter user, in which a judge ordered Twitter to hand over information on one of its users.
Neil Hughes / AppleInsider:
Made in America: Apple's supply chain increasing US production  —  Over the last year, some of Apple's key component suppliers have begun increasing their U.S.-based production, which could be a sign that more of the iPhone is already made in America than one might think.
More: PadGadget, Macgasm and TUAWTweets: @ldignan
Steven J. Vaughan-Nichols / ZDNet:
Ubuntu adds WebApps to its Linux desktop  —  Summary: After adding its own cloud service to its Linux desktop, Ubuntu is now integrating Web applications into its currently shipping desktop Linux.  —  Follow @sjvn  —  Portland, OR: At OSCon, Mark Shuttleworth, founder of Canonical …
Arik Hesseldahl / AllThingsD:
Oracle's Fifth Deal of 2012 Is for Skire  —  Enterprise software giant Oracle made its fifth acquisition of the year.  It announced that it will acquire the assets of Skire, a maker of cloud-based software used to manage capital projects, facilities and real estate.
Lisa Rapaport / Bloomberg:
Microsoft Hires Pollster Penn To Lead Consumer Initiatives  —  Microsoft Corp. (MSFT) has hired Mark Penn as corporate vice president for strategic and special projects, reporting to Chief Executive Officer Steve Ballmer as the company readies new offerings for the tablet-computer market.
Jennifer Van Grove / VentureBeat:
Microsoft completes $1.2B acquisition of Yammer  —  YammerSoft is a go, folks.  —  Less than one month after officially confirming numerous reports that it was going to buy enterprise social network Yammer, Microsoft today announced that the $1.2 billion deal is in the bag.

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