Techmeme
August 17, 2012, 1:20 AM

Top News

Michael Sippey / Twitter Developers blogs:
Changes coming in Version 1.1 of the Twitter API  —  At the end of June, I wrote about how we're working to deliver a consistent Twitter experience, and how we would soon introduce stricter guidelines about how the Twitter API is used.  I'd like to give you more information about coming changes …
Marco Arment / Marco.org:
Interpreting some of Twitter's API changes  —  Twitter has posted some of their upcoming API-policy lockdowns and restrictions in this post from Michael Sippey, euphemistically titled “Changes coming in Version 1.1 of the Twitter API”.  —  First, from Twitter's Display Guidelines, which will become requirements for all apps:
Matt Jarzemsky / Wall Street Journal:
Facebook Shares Fall to New Lows as Lockup Ends  —  Facebook Inc. shares sank 6.3% to a record low on Thursday, falling below $20 a share on a day when some early investors were allowed to unload their stakes, adding further pressure on the beaten-down stock.
Jim Dalrymple / The Loop:
Apple boss tries to gut retail operation  —  One of the smartest decisions that Apple made over the last decade was to open retail stores worldwide, giving users a chance to get some hands on time with its products.  One of the worst decisions came recently when the new vice president …
Matt Brian / The Next Web:
Why Apple really bought AuthenTec: It wanted “new technology” for upcoming products, and quickly  —  On July 27, seemingly out of nowhere, security company AuthenTec announced in a regulatory filing that it had agreed to a $356 million acquisition offer from Apple, making it one of the Apple's biggest mergers in its 36 year history.
Leena Rao / TechCrunch:
Square Debuts Monthly Pricing Option For Small Businesses With Zero Swiping Fees  —  On the heels of announcing a mega-deal with Starbucks, mobile payments processing company Square is announcing another piece of key news—specialized, lower pricing per swipe for small businesses.
Michael Arrington / Uncrunched:
Why I Changed My Mind On Klout (And Invested)  —  Klout has been one of my go to punchlines for some time now.  For example - in May I wrote a post titled “My Detailed Thoughts On Klout” that contained a single word in the post itself: “Why?”  —  The problem I had with Klout …
Jenna Wortham / NYT Bits:
Braintree, a Payments Company, Buys Venmo for $26.2 Million  —  The mobile payments war continues to escalate.  —  Braintree, a payments company that supplies technology to process credit card transactions on a mobile phone, said it purchased Venmo, a start-up that lets people send and receive money to their friends.
Richard Lawler / Engadget:
TiVo Premiere 4 is official, brings four tuners and 500GB of storage for $250  —  The TiVo Premiere 4 DVR that broke cover a few days ago has been officially confirmed by the company, with exactly the specs indicated.  In case you're not familiar, it's a quad tuner DVR that ships …
Peter Kafka / AllThingsD:
Dude, Here's Your Series A: Ben Lerer's Thrillist Raises $13 Million  —  In 2008, Fred Harman and Oak Investment Partners bet big on Ken Lerer and the Huffington Post, and that worked out pretty well.  Now Harman is putting his money into another Lerer project.
Artem Russakovskii / Android Police:
Google Flips The Switch On Smart App Updates In The Play Store [Video]  —  There seems to be quite a lot of movement happening behind the scenes at the Play Store - yesterday we discovered that Google Play Store gift cards and wishlist are getting prepped for launch, and today Google seems …
Evan Rodgers / The Verge:
State Department withdraws $16.5m contract for Kindle ebook readers  —  The US State Department's $16.5 million contract with Amazon for Kindle ebook readers has been officially canceled.  The details of the contract were proposed back in June and would have netted the State Department 2,500 Kindles …
More: CNET and LJ INFOdocket
Jack Purcher / Patently Apple:
Boom!  Apple Invents Next-Gen Virtual Drawing App to Take on Adobe's Photoshop & Illustrator  —  In June, Macworld reported that Apple CEO Tim Cook confirmed in an email to an Apple customer that the company is working on “something really great” to address the professional market.
More: Macgasm and App Advice

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Ellis Hamburger / The Verge: