Techmeme
November 26, 2012, 6:40 PM

Top News

Arik Hesseldahl / AllThingsD:
Google Sources Say Company Didn't Buy ICOA Wireless  —  Sources at Google are denying reports that the search giant has acquired ICOA Wireless in a $400 million deal.  —  We have yet to hear from a Google rep on the record.  But people within the company say that contrary to a press release posted …
Arik Hesseldahl / AllThingsD:
So Where Did That Fake Google Acquisition Press Release Come From?  Aruba?  —  So now we know that the press release concerning Google acquiring public Wi-FI firm ICOA Wireless was fake.  —  But what do we know about who sent the press release, and why?  —  The release was posted on PRWeb …
Frank Strong / PRWeb:
PRWeb Statement on Fraudulent ICOA Press Release  —  PRWeb transmitted a press release for ICOA that we have since learned was fraudulent.  The release was not issued or authorized by ICOA.  Vocus reviews all press releases and follows an internal process designed to maintain the integrity of the releases we send out every day.
Don Reisinger / CNET:
Nintendo: 400K Wii U units sold, 1.2M devices total  —  The company's president of America Reggie Fils-Aime says that the Wii U is “essentially sold out of retail.”  —  Nintendo sold more than 1 million hardware units over the last week, the company has confirmed to CNET.
Y Combinator:
The YC VC Program  —  Two years ago Yuri Milner and Ron Conway formed an informal coalition to invest $150k in every startup we funded.  Although we didn't organize this program, over the years we ended up de facto managing it, and it was awkward to manage something we hadn't started.
Philip Elmer-DeWitt / Fortune:
11 Apple iPads per hour vs. zero Microsoft Surface tablets  —  A survey compared sales at an Apple Store and a Microsoft Store in the Mall of America  —  FORTUNE — On Saturday we posted side-by-side videos showing Black Friday shopping activity at an Apple Store and a Microsoft Store in Lone Tree …
Cade Metz / Wired:
Exclusive: Inside Google Spanner, the Largest Single Database on Earth  —  Each morning, when Andrew Fikes sat down at his desk inside Google headquarters in Mountain View, California, he turned on the “VC” link to New York.  —  VC is Google shorthand for video conference.
More: The Verge
Cristina Cordova:
The Biggest Problem in Mobile: Retention  —  When I read Fred Wilson's post this morning about the tough times consumer companies are having raising money, his second point resonated with me most: … This made me think of how frequently we attribute success on mobile to downloads instead of monthly active users.
Patrick McGee / Wall Street Journal:
Amazon Taps Bond Market for First Time in Over a Decade  —  The Cyber Monday buying craze is extending to the bond market as Amazon.com Inc. sells its first bond deal in nearly 15 years.  —  The $3 billion bond deal from the largest U.S. Internet retailer has garnered more than $10 billion of orders, according to investors.
Jon Russell / The Next Web:
Samsung's Galaxy Note II hits 5 million channel sales, adding 2 million over the last 24 days  —  Samsung has announced [translation] that the Galaxy Note II, its flagship phone-meets-tablet ('phablet'), has passed 5 million in channel sales, chalking up a further 2 million shipments since November 2.
Nathan Ingraham / The Verge:
Tumblr grows to nearly 170 million monthly visitors, up 50 million from January  —  According to data from web measurement firm Quantcast, Tumblr's getting ready to wrap up a year of major traffic growth.  A Tumblr blog post is claiming that the site is now one of the top ten most-visited sites …
Gary Ridley / MLive.com:
Facebook files countersuit in battle over ‘want’ button in Flint federal court  —  FLINT, MI — Facebook is firing back at a Michigan-based company that claimed the Internet giant ripped-off its idea.  —  Farmington Hills-based company CVG-SAB filed a lawsuit against Facebook in Flint federal court …
In-Soo Nam / Wall Street Journal:
Samsung Addresses Labor Issues at China Plants  —  SEOUL—Samsung Electronics Co. said Monday that it is taking measures to address unfair labor practices at its Chinese factories, including overwork and denial of basic labor rights, in response to a labor group claim in September …
Teresa Rivas / Tech Trader Daily:
Facebook Surges On Upgrade, Analysts See 30%+ Upside  —  Facebook (FB) was surging 7% this morning on an upgrade from Bernstein and a bullish note from Topeka.  —  Bernstein analyst Carlos Kirjner upgraded the stock today to Outperform with a $33 price target, about 32% above current trading levels.

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