Techmeme
September 24, 2012, 6:35 PM

Top News

Apple:
iPhone 5 First Weekend Sales Top Five Million  —  Apple® today announced it has sold over five million of its new iPhone® 5, just three days after its launch on September 21, and more than 100 million iOS devices have been updated with iOS 6, the world's most advanced mobile operating system. iPhone 5 …
Philip Elmer-DeWitt / Fortune:
Apple's 5 million iPhone 5 sales: What analysts are saying  —  First weekend sales set a record, but Wall Street found them disappointing  —  FORTUNE — Smartphone sales, like presidential debates, are a game of expectations — although in the case of Apple's (AAPL) iPhone 5, it's one the analysts played but the not the company.
Bloomberg:
Apple IPhone 5 Misses Estimates Even as 5 Million Units Are Sold  —  Apple Inc. (AAPL) reported debut weekend sales for the iPhone 5 that fell short of some analysts' estimates amid supply constraints.  —  More than 5 million units of the iPhone 5 were sold in the first three days …
Colleen Taylor / TechCrunch:
Facebook Confirms No Private Messages Appearing On Timeline.  They're Old Wall Posts.  —  Updated.  Some Facebook users were alarmed this morning when it appeared that private messages written in 2009 and earlier were showing up on viewable Timelines as messages “Posted by friends.”
CNN:
Facebook raises fears with ad tracking  —  (Financial Times) — Facebook is working with a controversial data company called Datalogix that can track whether people who see ads on the social networking site end up buying those products in stores.  Amid growing pressure for the social networking site …
Roger Cheng / CNET:
Apple supplier Foxconn: Production will resume tomorrow  —  Production at the Taiyuan factory was halted due to a riot that occurred last night.  Foxconn says there were no employees deaths related to the incident.  —  Foxconn, which builds many Apple products, told CNET that while it had shut …
Peter Svensson / Associated Press:
Verizon says iPhone 5 won't be ‘relocked’  —  NEW YORK (AP) — Verizon Wireless said Monday that it won't prevent its version of the iPhone 5 from being used on AT&T's network.  The Verizon version of the iPhone 5, which went on sale Friday, came with an unexpected feature …
Harrison Weber / The Next Web:
Myspace teases a completely rethought service, and believe it or not, it looks beautiful  —  Myspace has just revealed a video of what appears the be the future of the once wildly popular social network, now that Justin Timberlake and others have steered it in a new direction.
Matthew Panzarino / The Next Web:
Apple TV updated to iOS 5.1, bringing Shared Photo Streams, AirPlay broadcasting and more  —  Apple has updated the Apple TV software to version 5.1, bringing along with it support for the new Shared Photo Streams introduced in iOS 6, as well as iTunes Account Sharing and other goodies, reports MacRumors.
Iain Marlow / Globe and Mail:
Flatlining user base spells end of RIM's growth story  —  A decade after Research In Motion Ltd. introduced its first smartphone, the tribe of BlackBerry users has stopped growing.  —  RIM is in the midst of a long-running slump in sales, but despite that, it has still managed to sell enough devices …
Matt Brian / The Next Web:
Apple warns ex-MobileMe users with 20GB free iCloud storage of ‘downgrade’ coming Sept. 30  —  Apple has begun sending last-minute reminders to users currently enjoying 20GB of free iCloud storage, warning that from September 30, it will downgrade their accounts unless they take action.
Matthew Panzarino / The Next Web:
Beloved email client Sparrow will get yet another post-acquisition update to support iPhone 5  —  The much-loved email client Sparrow will be getting another compatibility update, adding support for the iPhone 5′s larger screen.  The news came from a tweet by Sparrow founder Dom Leca today.
Wall Street Journal:
Revenge of the Nerds, the Sequel: Silicon Valley Wallflowers Now Hot  —  As Web Darlings See Stocks Fall, Spotlight Hits Business Tech; ‘Sexy Again’  —  Phil Fernandez was used to being a Silicon Valley wallflower.  —  His start-up makes software for marketing departments, and for years …
More: TechCrunch
Josh Kopelman / Redeye VC:
The Dorm Room Fund  —  I was a dorm room entrepreneur.  —  I co-founded my first company, Infonautics, back in 1991 while I was a Junior at Penn.  By the time I (barely) graduated, we had 20 employees.  It was through this personal experience at Penn that I first learned that college campuses …
Kara Swisher / AllThingsD:
Exclusive: ShoeDazzle Replaces CEO With Founder Brian Lee  —  ShoeDazzle, the Los Angeles-based personalized style and retail service, is replacing its current CEO Bill Strauss with its founder Brian Lee.  —  In an interview, Lee said Strauss had “voluntarily resigned,” but did not give any further details of the departure.
Alexei Oreskovic / Reuters:
Google shares hit all-time high  —  (Reuters) - Google Inc shares set an all-time high on Monday, with the Web giant's reliable advertising business back in vogue among Wall Street investors disenchanted with younger social media companies.  —  The stock reached $747.84 around noon eastern time …
Brad Dorfman / Reuters:
Toys R Us sued over kids tablet trade secrets  —  (Reuters) - The maker of the Nabi tablet computer for children sued Toys R Us Inc on Monday, saying the world's largest toy retailer stole trade secrets in preparing to introduce the rival Tabeo tablet this month.
More: 9to5Google
AFP:
Microsoft faces fine over browser commitment: EU (Update)  —  US software giant Microsoft faces yet more heavy fines after it promised to offer clients a choice of web browser but then failed to do so, the EU's competition commissioner said Monday.  —  Microsoft apologised in July for a …
Frederic Lardinois / TechCrunch:
YouTube Expands Translation Tools For Video Captions To 300+ Languages  —  YouTube just announced that it is now making it easier for video creators to translate their video captions to more than 300 languages by integrating the YouTube Video Manager with the Google Translator Toolkit.

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