Techmeme
December 17, 2012, 1:35 AM

Top News

Nick Bilton / NYT Bits:
Disruptions: Instagram Testimony Doesn't Add Up  —  SAN FRANCISCO — On a late August morning, Kevin Systrom, chief executive of Instagram, took an oath before testifying at a hearing of the California Corporations Department, which sought to determine if Facebook's acquisition …
Eliza Kern / GigaOM:
Report: Despite Systrom's denial, Twitter made $525M offer for Instagram  —  The New York times reported Sunday details related to the acquisition of Instagram by Facebook that could spell legal concerns for both Instagram and Facebook.  The Times reports that even though Instagram co-founder …
Apple:
iPhone 5 First Weekend Sales in China Top Two Million  —  Apple® today announced it has sold over two million of its new iPhone® 5 in China, just three days after its launch on December 14. iPhone 5 will be available in more than 100 countries by the end of December, making it the fastest iPhone rollout ever.
Amir Efrati / Wall Street Journal:
Google, FTC Close to Antitrust Deal on Search Business  —  Google Inc. is close to emerging largely unscathed from a two-year federal probe of its Web-search business, people familiar with the matter said, a result likely to disappoint rivals that were hoping the Internet giant would become mired in antitrust litigation.
Bloomberg:
Cisco Said to Hire Barclays to Sell Linksys Division  —  Cisco Systems Inc. (CSCO), the largest maker of equipment for computer networks, has hired Barclays Plc (BARC) to find a buyer for Linksys, which makes routers for home wireless access, said people with knowledge of the situation.
Emil Protalinski / The Next Web:
New exploit could give Android malware apps access to user data on Samsung GS III, other devices  —  The brilliant minds at XDA Developers have done it again; this time, a user by the name of alephzain claims to have discovered a vulnerability in multiple Samsung devices that gives access to all physical memory.
Jessica E. Lessin / Wall Street Journal:
An Akamai Founder Takes Rein As CEO  —  Akamai Technologies Inc., a central player in delivering content over the Internet, plans to announce Monday that it has tapped mathematician co-founder Tom Leighton as its new chief executive.  —  Mr. Leighton, Akamai's chief scientist …
Wesley Yin-Poole / Eurogamer.net:
Why Xbox failed in Japan  —  The inside story on Microsoft's greatest ever challenge.  —  Bill Gates was preparing to walk out on stage to deliver his much-anticipated keynote at the Tokyo Game Show on Friday 30th March 2001.  The Makuhari Exhibition Hall was packed with a 4000-strong audience.
More: The Verge, Kotaku and Neowin
Martin Bryant / The Next Web:
Twitter has started rolling out the option to download all your tweets  —  Twitter CEO Dick Costolo has promised in recent months that an option for users to download an archive of all the tweets from their accounts would be available this year.  At least for some, this long-awaited feature has arrived …
Kevin Fitchard / GigaOM:
A GigaOM conversation with Sprint's Dan Hesse on five harrowing years as CEO  —  When Dan Hesse took over the reins of Sprint on Dec. 17, 2007, he had quite the mess on his hands.  That fourth quarter, Sprint was getting ready to announce not just an exodus of 683,000 subscribers …
Tweets: @om

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