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May 2, 2013, 11:20 AM
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Facebook:
Facebook Reports First Quarter 2013 Results  —  Facebook, Inc. (NASDAQ: FB) today reported financial results for the first quarter, which ended March 31, 2013.  —  “We've made a lot of progress in the first few months of the year,” said Mark Zuckerberg, Facebook founder and CEO.
AllThingsD:
Facebook's Declining User Growth Rate, Pictured  —  Congrats, Facebook!  —  According to the stats you released during Wednesday's earnings call, your monthly and daily active user numbers are up higher than ever, topping 1.11 billion and 665 million, respectively.  That's great, really.
Matt Brian / The Verge:
Intel names Brian Krzanich as CEO to succeed Paul Otellini  —  Less than six months after Paul Otellini announced he would step down from the position after 40 years at the company, Intel has named Brian Krzanich as its sixth CEO.  Krzanich, who previously served as Intel's chief operating officer …
Stephen Shankland / CNET:
Adobe to bring Lightroom-style photo editing to tablets  —  Bringing its technology for processing raw photos to mobile devices, then linking them with cloud services could be a step toward Lightroom on mobile.  —  Adobe Systems plans to release high-end photo-editing software for tablets …
Jon Fingas / Engadget:
Intel details 4th-gen Core's HD 5000, Iris and Iris Pro graphics: up to 3X faster, 3-display collage mode  —  Many already believe that the real highlight of Intel's 4th-generation Core processor lineup would be a giant graphics update.  Today, Intel is revealing that they're right — and …
Sakthi Prasad / Reuters:
Lehman Brothers sues Intel over $1 billion in seized collateral  —  (Reuters) - Bankrupt investment bank Lehman Brothers has sued Intel Corp, accusing the chip maker of seizing $1 billion in collateral in breach of a swap agreement, a court filing showed.  —  Under the swap agreement …
Kevin Poulsen / Wired:
Use a Software Bug to Win Video Poker?  That's a Federal Hacking Case  —  two engineers from Nevada's Gaming Control Board showed up at the Silverton Casino Lodge.  The off-the-strip South Las Vegas casino is best known for its mermaid aquarium, but the GCB geek squad wasn't there to see swimmers in bikini tops and zip-on fish tails.
Leena Rao / TechCrunch:
Readying For An IPO, Peer-To-Peer Lending Marketplace Lending Club Raises $125M From Google And Others  —  Peer-to-peer lending platform Lending Club is announcing a huge new investor today: Google.  Google and existing investor Foundation Capital have put $125 million in Lending Club, which was valued at $1.55 billion in the round.
Robert McMillan / Wired:
Rogue Employee Turns Gaming Network Into Private Bitcoin Mine  —  If you've been playing Counter-Strike on the ESEA gaming network, you've been doing a lot more than tossing virtual hand grenades and firing virtual machine guns.  You've been mining Bitcoins for an unnamed staffer inside the company that runs the network.
Robin Wauters / The Next Web:
Struggling HTC's Q1 2013: a mere $2.88 million in profit on $1.45 billion in revenue  —  The writing was on the wall when smartphone and tablet maker HTC reported devastating results for February 2013 (and only slightly better ones in March): its consolidated earnings for the first quarter of this year weren't exactly stellar.
Jessica E. Lessin / Wall Street Journal:
Tech Poaches Wall Street Talent  —  Silicon Valley is raiding Wall Street.  —  Large and small technology companies, from Square Inc. to Rackspace Hosting Inc., with deep pockets and a pressing need to broaden their workforces are snagging top talent from financial firms.
Tweets: @tjross2411
John Paczkowski / AllThingsD:
Apple's iOS 7 Will Ship On Time, Sources Say  —  Apple's iOS 7 is so significant a reimagining of the mobile operating system that the company is mustering additional engineering resources to get it out the door in time for a preview at its annual Worldwide Developers Conference, which is June 10-14 in San Francisco.
Amir Efrati / Wall Street Journal:
YouTube Touts Viewer Growth to Advertisers  —  Google Inc.'s YouTube on Wednesday made its latest pitch to advertisers, saying they should “follow the audience.”  —  More than one billion unique visitors watch more than six billion hours of YouTube videos a month, up from about four billion hours …
Reuters:
Ofcom begins investigation into BT's superfast broadband  —  (Reuters) - UK telecoms regulator Ofcom has launched a probe into whether BT Group is abusing its dominant position when pricing its superfast broadband, following a complaint by smaller rival TalkTalk Telecom Group.
More: Ofcom, Inquirer and Guardian
Chris Kanaracus / Computerworld:
SAP loses bid to overturn $345M patent judgment  —  Long-running dispute with Verstat Software centers on SAP's alleged infringement on pricing software patent  —  An appeals court has rejected SAP's attempt to overturn a $345 million judgment awarded to Versata Software …
Emil Protalinski / The Next Web:
Twitter updates its apps with new Trends locations, adds new Android options and improves Vine playback on iOS  —  Twitter on Wednesday updated its native Android and iOS apps with a slew of new features and improvements.  You can download the new version of the app now directly from Apple's App Store and Google Play.
Josh Ong / The Next Web:
Yahoo acquires 4 million user to-do app Astrid, service to continue as is for 90 days  —  Yahoo has acquired the to-do list app Astrid, which will continue running as is for the next 90 days.  —  “Over the next 90 days, Astrid will continue to work as is, and we will no longer be accepting new premium subscriptions.

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From Mediagazer

Jeremy Fuster / The Wrap:
The Super Mario Galaxy Movie becomes the first release of 2026 to cross $1B in global grosses; Michael Jackson biopic Michael is on the verge of crossing $900M

Axios:
Sources: Paramount seeks a business-side counterpart to Bari Weiss, implying she would oversee editorial across CBS News and CNN if Paramount's WBD deal closes

Alex Weprin / The Hollywood Reporter:
Fox News integrates Outkick into Fox News Digital, five years after acquiring the sports brand; Clay Travis will exit the site to become a Fox contributor

More News

Earlier Picks

Will Connors / Wall Street Journal:
Pentagon Expected to Embrace Apple, Samsung Devices
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