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August 23, 2012, 11:20 AM
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Matthew Panzarino / The Next Web:
Tumblr becomes next property after Instagram to have Twitter friend-finding privileges revoked  —  Updated below with Tumblr's confirmation.  —  The enormous blogging platform Tumblr appears to have become the next property after Instagram to have its friend-finding privileges revoked.
Dustin Curtis / dcurt.is:
Black Widow  —  Twitter has an enormous advantage over Facebook in one key area: while people on Facebook tend to friend their friends, people on Twitter tend to follow their interests.  The following graph from Twitter is worth far more on a per-account basis because it is directly monetizable …
John Cook / GeekWire:
Dave McClure is ripping VCs again: They're f***ing arrogant and stupid a**holes  —  Dave McClure on his way to BC on “Geeks on a Train.”  Photo via Kyle Kesterson.  —  Dave McClure is not your typical venture capitalist.  He wears T-shirts and flip flops, and cusses like a sailor.
Rachel Metz / Technology Review:
Fred Wilson  —  The well-known investor behind the likes of Twitter and Foursquare says venture capital funds have gotten too big.  —  Fred Wilson, managing partner at Union Square Ventures, is a preëminent figure in venture capital.  He's been at it for 25 years …
Troy Wolverton / Mercury News:
OnLive owed $30 million to $40 million, was facing imminent shutdown  —  At the time of its insolvency last week, streaming game company OnLive was in far greater trouble than was publicly known.  —  The company owed $30 million to $40 million to various creditors and had little money to pay them.
Miyoung Kim / Reuters:
LG says started production of new screen, as Apple plans product launch  —  (Reuters) - Flat-screen maker LG Display has started mass production of a new and thinner display, widely speculated to be for use in Apple Inc's next iPhone, and the display's production schedule remains in line …
Charles Starrett / iLounge:
Purported next-gen iPhone charge/sync cable appears online  —  A single photo of a purported charge and sync cable for the next-generation iPhone has appeared online.  A representative of Veister.com alerted iLounge to the picture, which has been posted to Twitter.
Eric Slivka / MacRumors:
Video Comparison of ‘iPhone 5’ Front Panel and Flex Cables to iPhone 4S Parts [iOS Blog]  —  Repair firm SmartPhone Medic has just posted a new video comparing several parts from the next-generation iPhone to their counterparts from the iPhone 4S.  —  The parts shown include the front panel …
Ingrid Lunden / TechCrunch:
Sony Mobile To Lay Off 1,000 People, Move HQ To Tokyo From Sweden As Part of Restructuring  —  The crunch among handset makers who are not Samsung and Apple continues apace.  Today, Android OEM Sony announced that its loss-making mobile handset division Sony Mobile Communications would be laying …
Somini Sengupta / New York Times:
Techies Fight to Save Hacker Dojo, a Popular Silicon Valley Work Space  —  MOUNTAIN VIEW, Calif. — Hacker Dojo is equal parts shared office, lecture hall and after-hours salon for a variety of tinkerers, software coders and entrepreneurs who intend to reinvent the future.  The idea for Pinterest was cooked up here.
Dennis Fisher / threatpost:
Google Building Privacy Red Team  —  Google, which has come under fire for years for its privacy practices and recently settled a privacy related case with the Federal Trade Commission that resulted in a $22.5 million fine, is building out a privacy “red team”, a group of people charged …
Wall Street Journal:
When Freemium Fails  —  A growing number of new businesses are following in the footsteps of successful companies such as Dropbox Inc., LinkedIn Corp., and Skype Inc., by giving away their products and services free to build a customer base.  —  Yet for some, the “freemium” …
Matthew Panzarino / The Next Web:
The FTC has closed its investigation of the Facebook acquisition of Instagram, the deal goes ahead
Megan Geuss / Ars Technica:
California state legislature approves Location Privacy Act  —  California's state legislature passed the Location Privacy Act of 2012 (SB-1434) on Wednesday, which would make it mandatory for law enforcement agencies to obtain a warrant before gathering any GPS or other location-tracking data …
Kellex / Droid Life:
Verizon's Optimus Vu Dubbed LG Intuition, Priced at $199 on Contract  —  It's no secret that Verizon has plans to introduce LG's big ol' Optimus Vu here in the States.  After all, it already cruised through the FCC, showed up in the wild in an entire gallery of pictures, and was outed as arriving this quarter in an LG press release.
Tom Warren / The Verge:
Nokia set to unveil ‘Arrow’ and ‘Phi’ Windows Phone 8 handsets with AT&T as main carrier  —  Nokia is planning to unveil two new Windows Phone 8 devices at a joint event with Microsoft on September 5th.  Sources familiar with the two companies' plans have revealed that Nokia is working on an …
Claire Cain Miller / New York Times:
In Google's Inner Circle, a Falling Number of Women  —  MOUNTAIN VIEW, Calif. — At Google, data is king.  Now the company is using data to figure out if it can anoint a few queens.  —  The company hopes its famous algorithms can solve one of the most vexing problems facing Silicon Valley: how to recruit and retain more women.
Alex Williams / TechCrunch:
Mocana Raises $25 Million To Address Mobile App And Smart Device Security Market  —  Mocana has raised $25 million in new funding from Trident Capital for the provider's mobile app and smart security solutions.  The Series D round gives Mocana $47 million in total investment.
More: PandoDaily, GigaOM and VentureBeat.  Tweets: @spencerchen
Matt Brian / The Next Web:
Nokia, Samsung, Sony Mobile and others form In-Location Alliance, seek to boost indoor positioning technologies  —  Mobile giants Nokia, Samsung, Sony Mobile and nineteen other companies have combined to form the In-Location Alliance, a cooperative that seeks to drive forward innovation …
Josh Constine / TechCrunch:
How Big Is Facebook's Data?  2.5 Billion Pieces Of Content And 500+ Terabytes Ingested Every Day  —  Facebook revealed some big, big stats on big data to a few reporters at its HQ today, including that its system processes 2.5 billion pieces of content and 500+ terabytes of data each day.
Josh Constine / TechCrunch:
Facebook Officially Launches “Sponsored Results” Search Ads  —  While it hasn't been publicly announced, Facebook is now telling marketers the Sponsored Results search typeahead ad unit it began testing last month “launches today”.  It lets marketers target users searching for specific apps …

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This is a Techmeme archive page. It shows how the site appeared at 11:20 AM ET, August 23, 2012.

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From Mediagazer

Axios:
Sources: Paramount seeks a business-side counterpart to Bari Weiss, implying she would oversee editorial across CBS News and CNN if Paramount's WBD deal closes

Jeremy Fuster / The Wrap:
The Super Mario Galaxy Movie becomes the first release of 2026 to cross $1B in global grosses; Michael Jackson biopic Michael is on the verge of crossing $900M

Peter Chapman / Bloomberg:
The UK CMA launches a probe into Paramount's $110B acquisition of WBD, and sets an initial ruling deadline on August 7; the EU has already set a July 7 deadline

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