Twitter Loses Ability to Properly Display Instagram Photos  —  Welcome to the Photo Wars.  —  Instagram on Wednesday disabled the ability for Twitter to properly display Instagram photos on its Web site and in its applications.  The move escalates tensions between the two companies …

Why First Round Capital funded a lawsuit  —  You can imagine the scene in the board room.  —  The CEO of our portfolio company, Techforward, is discussing a “make the company opportunity” — Best Buy wants us to to power their nation-wide buyback program.  And Best Buy is talking about launching it with a Super Bowl commercial!

Apple loses $34.9 billion in market cap in its worst trading day in 4 years, but why?  —  Gene Munster has a target of $900 for Apple's stock, which is a touch awkward today as the company shed 6.43% of its value, to settle at a valuation of a mere $508 billion.

Why Lumia 620 plus 920T equals big opportunity for Nokia  —  Nokia introduced two new smartphones on Wednesday, the Lumia 620 and Lumia 920T.  These represent the opposite ends of the spectrum when it comes to handsets: The low-end 620 carries an unsubsidized $249 price tag while the 920T …

House approves resolution to keep Internet control out of UN hands  —  The House on Wednesday unanimously passed a Senate resolution introduced by Sen. Marco Rubio (R-Fla.) that calls on the U.S. government to oppose government control of the Internet.  —  The 397- vote was meant to send …

Rethinking Mobile First  —  I wrote the Mobile First Web Second blog post a few years ago.  In that post, I talked about apps that were designed to be used on mobile primarily with the web as a companion.  —  There have been a number of startups that have taken that approach and done well with it.

Facebook snubs ‘Subscribe’ button in favor of Twitter-esque ‘Follow’ on all profile pages  —  Facebook today announced that on every user's Timeline profile page, it's changing “Subscribe,” to “Folllow,” evidently a term it hopes will resonate more with users.

iTunes Gets an Upgrade Without Missing a Beat  —  Apple's iTunes is the world's most popular computer program for playing, managing and buying music, movies and TV shows.  The company estimates the number of copies in active use to be in the high hundreds of millions.

Blockbuster Is Said to Begin Selling Phones  —  Dish Network Corp. (DISH)'s Blockbuster will begin selling mobile phones in its movie-rental stores as a test for Dish's planned entry into the wireless business, according to two people with knowledge of the matter.

Google Now adds travel destination weather, local events, song ID by voice, and more  —  On Wednesday, Google updated Google Now with a myriad of new features that will be especially useful for those who like to, or at least need to, travel.  You can download the latest update of Google Search …

Half of all app store revenue goes to just 25 developers  —  Top app earners carve up $60m pie  —  Apple's App Store and the Google Play store each claim to offer over 700,000 apps to choose from, but only a tiny fraction of them bring in significant revenue for their developers, according to research from analyst firm Canalys.

Citrix acquisition of Zenprise shines spotlight on mobile app management  —  In a sign that the focus of mobile management is shifting from device to app management, Citrix today said it agreed to buy Zenprise.  —  The combination of technologies from both companies means that IT managers …

See Trends for 100 more cities  —  Today, we're bringing Trends to 100 more cities around the world including Istanbul, Frankfurt, Guadalajara and Incheon.  With this update, we now surface the ‘most breaking’ news in more than 200 locations.  To view Trends for different locations, just click “Change” in the Trends section.

Time Spent In Mobile Apps Is Starting To Challenge Television, Flurry Says  —  Now that usage of mobile apps has overtaken browsing on the desktop web, it's starting to challenge television, Flurry says.  The San Francisco-based mobile analytics startup says that consumers are spending 127 minutes per …

AT&T: We've sold 6.4M smartphones in Q4 already  —  Mobility chief Ralph de la Vega says AT&T is on a record pace for the quarter, and is on track to exceed its expectations for full-year smartphone sales.  —  AT&T is hoping for a happy holiday when it comes to smartphone sales.

FTC Supports Apple, Decries Motorola Attempts To Ban iPhone, iPad  —  The U.S. Federal Trade Commission (FTC) on Wednesday rushed to the aid of Apple, Inc., filing an amicus brief in the U.S. Federal Circuit Court of Appeals arguing that Google-owned Motorola's attempts to ban the sale …

Google Street View and Maps coming to Wii U in January 2013  —  During today's Nintendo Direct presentation, Iwata-san had plenty of game footage to show to Japan-based fans, but also casually mentioned that Google-powered maps and street vistas will arrive on the Wii U at the end of January 2013.

Prismatic Gets $15M From Jim Breyer And Yuri Milner To Attack The Impossible Problem Of Bringing You Relevant News  —  News aggregation is a glory-less pursuit, where even the companies that do succeed have to grapple with the fact that no algorithm is ever going to be as good as the human brain …

HP announces the EliteBook Revolve, a Windows 8 convertible for the business crowd (video)  —  See that laptop up there?  Basically, HP has announced something like that every year for we don't even know how long.  It's always a convertible PC of the traditional sort, one with a fixed screen …

CipherCloud Raises $30M From Andreessen Horowitz For Cloud Encryption Technology  —  CipherCloud has raised a new $30 million round of funding from Andreessen Horowitz for its cloud application security technology.  The investment follows a previous seed round from Andreessen for $1.4 million.

NSFW: Apple's Russian iTunes launch plagued with bug displaying escort/pornography sites  —  “In Soviet Russia, Porn blocks Apple.”  —  It appears Apple's launch of iTunes music and movies in Russia is running into a bit of controversy with several Russian users noticing advertising …

Apple trader arrested in $1 billion wire fraud  —  Summary: A trader for Rochdale Securities has been arrested over allegations of fraudulent schemes relating to purchases of Apple stock.  —  Charlie Osborne  —  David Miller, a trader for Rochdale Securities, Stamford …

IDC Raises Tablet Forecast For 2012 And Onward: 122.3M By Year-End, 172.4M By 2013; Android Gains, eReaders Lose  —  Analysts at IDC have today upped their tablet forecast for 2012 and onward, now predicting 122.3 million units for 2012, up from the firm's previous forecast of 117.1 million units.