Techmeme
September 17, 2012, 3:00 PM

Top News

Apple:
iPhone 5 Pre-Orders Top Two Million in First 24 Hours  —  Apple® today announced pre-orders of its iPhone® 5 topped two million in just 24 hours, more than double the previous record of one million held by iPhone 4S.  Demand for iPhone 5 exceeds the initial supply and while the majority …
Sam Byford / The Verge:
iPhone 5 breaks Apple and AT&T sales record in ‘most successful iPhone launch ever’ (update)  —  The iPhone 5 has set a new pre-order record for AT&T, the carrier announced today, selling faster than any previous iPhone.  The phone became available to order on September 17th and quickly sold …
Ellis Hamburger / The Verge:
Google takes on Instagram and Facebook by acquiring top iOS photo app Snapseed  —  Google has agreed to acquire Nik Software, the German developer of photography app Snapseed, for an undisclosed amount.  Sources close to the deal tell The Verge that while Nik Software produces all sorts …
Tricia Duryee / AllThingsD:
Square Finally Closes $200 Million Round at a $3.25 Billion Valuation  —  Square has finally closed its fourth round of funding, which values the three-year-old company at a jaw-dropping $3.25 billion.  —  The payments company is perhaps best known for allowing small businesses …
Mary Jo Foley / ZDNet:
Microsoft confirms October 25 launch for Windows 8  —  Summary: Microsoft officials are now confirming the Windows 8 — and Surface RT — launch will be on October 25 in New York City.  —  Mary Jo Foley  —  It's not a big surprise to readers of this blog, but Microsoft officials confirmed …
John Jannarone / Wall Street Journal:
Winklevoss Twins of Facebook Fame Return to Invest in SumZero  —  The Winklevoss twins lost the biggest social-network showdown ever when their rival, Mark Zuckerberg, walked away with Facebook.  Now they are trying again—with a social network for professional investors.
Tom Warren / The Verge:
Skype preparing to launch video messaging and ‘Metro’ design  —  Skype is preparing to update its range of clients to support a new video messaging option, The Verge has learned.  The feature will launch in time for the holidays, possibly as early as next month — according to sources familiar with Skype's plans.
Ellyne Phneah / ZDNet:
Samsung to unveil Galaxy S4 in Feb 2013  —  Summary: New handset expected to sport 5-inch screen, and will see some “external changes” but retain its rectangle shape with rounded corners concept; to be unveiled at Mobile World Congress (MWC) in Barcelona next year.  —  Ellyne Phneah
Ben Worthen / Wall Street Journal:
H-P Tries On a Sleeker Look  —  Taking a Cue From Apple, CEO Whitman Makes Better Design Central to Turnaround  —  When Meg Whitman took over as chief executive of Hewlett-Packard Co. a year ago, she got a company-issued laptop.  —  “They gave me a brick,” she said, referring to the device's weight and chunky appearance.
Scott Hanselman:
Everything's broken and nobody's upset  —  Software doesn't work.  I'm shocked at how often we put up with it.  Here's just a few issues - [literally] off the top of my head - that I personally dealt with last week.  — My iPhone 4s has 3 gigs of “OTHER” taking up space, according to iTunes.
Dan Goodin / Ars Technica:
Critical zero-day bug in Internet Explorer under active attack  —  Remotely triggered vuln can affect a wide variety of IE and Windows versions.  —  Researchers have uncovered active malware attacks that exploit a critical and previously unknown vulnerability in the latest versions of Microsoft's Internet Explorer browser.
Chris Dixon:
Facebook's embedded option  —  The best way to think of Facebook's stock is as the sum of two businesses: the existing display ad businesses, and a probability-weighted option on a new line of business.  This is how Wall Street views it.  For example, here is a section of a recent Goldman Sachs analyst report on Facebook:

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