Techmeme: Trading Program Ran Amok, With No ‘Off’ Switch (DealBook)

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August 4, 2012, 8:25 PM

Top News

Ian Sherr / Wall Street Journal:

Apple's Secrets Revealed at Trial — SAN JOSE, Calif.—Apple Inc., one of the world's most secretive companies, is finding there's a price in pushing its grievances against rival Samsung Electronics Co. in federal court: disclosure. — In just the first few days of its patent trial this week …

More: digitaltrends.com, GigaOM, Slashdot, CNET and AllThingsD

Ina Fried / AllThingsD:

Top Apple Executive Saw Market for 7-Inch Tablet in 2011, Said Company Should Do One — Apple executive Eddy Cue sent an e-mail in January 2011 to CEO Tim Cook and others recommending that the company build its own 7-inch tablet. — “I believe there will be a 7-inch market and we should do one …

More: CNET, SplatF, MacRumors, Engadget, marvin vista, Business Insider, App Advice, Neowin, PC Magazine, The Verge, 9to5Mac, The Next Web, The Verge, Gizmodo, Examiner, The Verge, Know Your Cell, GigaOM, VentureBeat, 9to5Mac, Gotta Be Mobile, Ars Technica, iClarified and AllThingsD. Tweets: @jonfortt

John Biggs / TechCrunch:

Grum: Inside The Takedown Of One Of The World's Biggest Spam Networks — As Spring cracked the Moscow frosts and March rains doused the streets, a computer in an innocuous server farm somewhere in the heart of the city winked to life. It was 2007, a year when many people became truly invested in online life.

DealBook:

Trading Program Ran Amok, With No ‘Off’ Switch — When computerized stock trading runs amok, as it did this week on Wall Street, the firm responsible typically can jump in and hit a kill switch. — But as a torrent of faulty trades spewed Wednesday morning from a Knight Capital Group trading program …

More: Business Insider, Slate and Reuters

Brad Reed / BGR:

RIM CEO says company ‘seriously’ considered switch to Android — RIM (RIMM) CEO Thorsten Heins's interview with the Telegraph on Thursday made headlines for his admission that the company can't keep up with Apple (AAPL) and Samsung (005930) without outside help.

More: Examiner, Redmond Pie, Android News, Rumours …, Geek.com, eWeek, Engadget, Pocketnow, BB Geeks, VentureBeat, Slashdot and Pulse2 Technology …

Mat Honan / Emptyage:

Yes, I was hacked. Hard. — So maybe you saw my Twitter going nuts tonight. Or you saw Gizmodo's Twitter account blow up. Or you saw this in AllThingsD. Or this in the DailyDot. Although embarrassing, Twitter was the least of it. In short, someone gained entry to my iCloud account …

More: Julie Ng, Gizmodo, TUAW, The Loop, AllThingsD, Daily Dot, Gotta Be Mobile, Red Sweater Blog, Thomas Hawk Digital Connection, Forbes, Softpedia News and rc3.org

Tweets: @theromit, @nblr, @leolaporte, @tim and @fmanjoo

Emil Protalinski / ZDNet:

Gizmodo's Twitter account hacked

More: CNET

Stephanie Bodoni / Bloomberg:

Facebook Faces Norway Probe Over Facial-Recognition Tags — Facebook Inc. (FB) is being probed by Norway's data-protection regulator over concerns a facial- recognition program that automatically suggests people's names to tag in pictures breaches privacy rights.

More: CNET and VentureBeat

Josh Lowensohn / CNET:

iPhone 5 event rumors pump eBay smartphone trade-ins — The online sales site says that more people than usual are trading in their smartphones on rumors that Apple has a new iPhone just around the corner. — Follow @Josh — iPhone 4's lined up at an Apple store when the product launched in 2010.

More: PC Magazine, Examiner, iPhone in Canada Blog, App Advice and WebProNews

Kevin Fitchard / GigaOM:

Look Ma, TV! First broadcast TV phone appears on MetroPCS — Starting now, MetroPCS is in the free-to-air TV business, but the sets it's selling are rather small, fitting not only into the palm of your hand but within the confines of a smartphone screen. MetroPCS on Friday began selling …

More: Terry Heaton's PoMo Blog, digitaltrends.com, Android News, Rumours …, PC World, Softpedia News, PC Magazine, Pocketnow, AllThingsD, Gizmodo, Know Your Cell, CNET, The Verge and 9to5Google. See also Mediagazer

Frederic Lardinois / TechCrunch:

Another Round Of Google Shutdowns: Google Apps For Teams, Google Listen & Google Video For Business — Google just announced yet another batch of services it plans to discontinue in the near future. Most of these are relatively obscure products that probably didn't have a large amount of traction.

More: VatorNews, Android News, Rumours …, Softpedia News, GigaOM, Neowin, The Official Google Blog, The Verge and AllThingsD

Leo Kelion / BBC:

US resists control of internet passing to UN agency — The UN's Dr Toure says any change to governance of the internet must be supported by all countries — The US has confirmed it would resist efforts to put the internet under the control of the United Nations.

More: US Department of State, Wired.co.uk, TechRadar.com, The Register, Mashable!, GamePolitics blogs, Hillicon Valley, The Verge and Slashdot

Marguerite Reardon / CNET:

Forty percent of eligible Kansas City homes qualify for Google Fiber in first week — Kansas Citians are hot for Google Fiber. Analysts say that more than 7,000 households have already pre-registered for the new broadband service and 40 percent of designated ‘fiberhoods’ have qualified to get the service.

More: Guardian, The PhoneBoy Blog and SiliconANGLE

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