Techmeme
December 16, 2012, 10:15 PM

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.
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.
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 …
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
Chris O'Brien / Los Angeles Times:
Apple takes investors on a wild ride  —  Apple's stock is extremely valuable and volatile.  Its performance affects the global economy, not to mention just about anyone who has a 401(k) or a pension.  —  Some Apple believers say the way to understand the stock's behavior is to focus on market factors, not bits of news.
More: Calgary Herald and Globe and MailTweets: @jonerlichmanThanks:@obrien
Alex Wilhelm / The Next Web:
Microsoft's cloud vision: Why Azure is the linchpin of the firm's new ‘devices and services’ strategy  —  TNW was fortunate to recently interview Satya Nadella, head of Microsoft's Server and Tools division.  During the course of the discussion, Microsoft's cloud strategy, the origins of Azure …
Thanks:@panzer
Harrison Weber / The Next Web:
As Facebook joins the NASDAQ-100, both RIM and Netflix are dropped  —  Following the news that Facebook joined the NASDAQ-100, an index comprised of the 100 largest non-financial stocks listed on The NASDAQ Stock Market, Netflix and troubled BlackBerry maker RIM have been dropped.

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