Techmeme
July 19, 2012, 3:25 PM

Top News

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.
More: ZDNet and The Verge
Robin Wauters / The Next Web:
BuzzFeed:
The Original iPad Was Gigantic  —  Revealed in court filings (which were first noticed by NetworkWorld) is a prototype/mock up ("035") for an Apple tablet created between 2002 and 2004 — years before the iPad came out.  It still looks like an iPad, but crossed with an old iBook.  And man oh man it is FAT.
Rebecca Greenfield / The Atlantic Wire:
Rich Kids of Instagram Epitomize Everything Wrong with Instagram  —  While the Internet has had a good time making fun of these rich kid Instagram photos, haters should be careful.  These postings are emblematic of the entire medium we all use.  To be certain, these wealthy kid pix are particularly funny …
Dean Takahashi / VentureBeat:
K9 Ventures raises $40M micro-VC fund  —  K9 Ventures has raised $40 million for its second fund, a tech-focused micro-VC fund.  The K9 Ventures II fund will be run by Manu Kumar, who headed the earlier fund.  —  K9 Ventures started invested its first fund of $6.25 million in 2009.
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.
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: Macgasm, TUAW and MacNNTweets: @ldignan
Georg Szalai / Hollywood Reporter:
Dish Network Lost 10,000 Subs in Second Quarter  —  Analysts had expected the satellite TV firm to lose more customers.  —  Satellite TV giant Dish Network on Thursday said it lost approximately 10,000 net subscribers in the second quarter, well below the 135,000 it had lost in the year-ago period.
Brad Sams / Neowin:
Firefox mobile OS breaks cover, coming in 2013  —  Mozilla, the creators of Firefox, are about to enter a crowded marketplace with a new mobile OS.  The OS is based on Linux and Gecko and contains everything you would expect from a modern day platform.  —  Mozilla claims that the OS …
Jennifer Van Grove / VentureBeat:
Trapit for iPad aims to fix mobile browsing with artificial intelligence  —  Browsing is flawed — on the Web, but even more so on mobile.  That's the message Trapit co-founder Hank Nothhaft conveyed to me as he demoed his solution to the problem: a Trapit iPad application that uses artificial intelligence …
Stacey Higginbotham / GigaOM:
How fast is your ISP?  A new report tells all.  —  Cablevision and Verizon FiOS are the mostly likely to deliver better than advertised download speeds, while any provider offering DSL — AT&T, Frontier, Windstream and CenturyLink- struggle to deliver on their promises.
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 …
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.
Nathan Ingraham / The Verge:
Verizon Q2 2012 financial results: 888K new wireless subscribers, half of customers using smartphones  —  Verizon just announced its financial results for Q2 2012 and the wireless business had yet another strong quarter.  The nation's biggest wireless carrier added 888,000 new postpaid subscribers …
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.
Sarah Perez / TechCrunch:
Firespotter Labs, Makers Of UberConference, Raise $15 Million From Andreessen Horowitz, Google Ventures  —  Although it was only a month ago that Firespotter Labs CEO Craig Walker was telling us how his company (the folks behind UberConference, Nosh, NoshList and Jotly) wasn't in urgent need of funding …
Matthew Panzarino / The Next Web:
Pocket gets $5m from Google Ventures and others to expand its read-it-later service to new platforms  —  The incredibly popular ‘save for later’ service Pocket is now clocking some 1M items saved per day and has announced a new $5M round of funding.  Participating in this round is Foundation Capital …
Spencer Ackerman / Wired:
Newest U.S. Counterterrorism Strategy: Trolling  —  In the decade since 9/11, the U.S. government has used a wide variety of tactics against terrorists.  It's invaded countries where they operated (and ones where they didn't).  It's tried to win the backing of foreign populations in which the terrorists hide.
More: TechEye

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