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May 2, 2013, 9:20 AM
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Top News

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.
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.
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.
Roger Yu / USA Today:
Sprint bids: Dish's Ergen swings back at Softbank's Son  —  The high-stakes bidding war for control of the third-largest U.S. wireless carrier is turning into a heated verbal joust.  —  In an interview with USA TODAY on Wednesday, Dish Network Chairman Charlie Ergen swung back at Japan's SoftBank …
Leena Rao / TechCrunch:
Readying For An IPO, Peer-To-Peer Lending Marketplace Lending Club Raises $125M From Google And Others At $1.6B Valuation  —  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 …
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
Will Connors / Wall Street Journal:
Pentagon Expected to Embrace Apple, Samsung Devices  —  Samsung Electronics Co. and Apple Inc. are bringing the smartphone wars to the Pentagon.  —  The Department of Defense is expected in coming weeks to grant two separate, security approvals for Samsung's Galaxy smartphones …
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.
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
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.
Tom Warren / The Verge:
Microsoft shipped 900,000 Surface tablets in Q1, says IDC  —  Microsoft shipped 900,000 Surface tablets during the recent quarter, according to data from IDC.  Following rumors of strong initial Surface Pro sales, IDC says the combined total for Surface RT and Surface Pro was under just one million …
Eric Slivka / MacRumors:
Apple's Share of Worldwide Tablet Shipments Falls Below 40% in 1Q 2013
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 …
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 …
Shara Tibken / CNET:
Tumblr CEO says average ad campaign spend tops six figures  —  David Karp also says Tumblr wants to be a place for advertising agencies to “make ads that win awards,” unlike on Twitter, Facebook, and other sites.  —  NEW YORK—Companies now are spending, on average, “north of six figures” …
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 …

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From Mediagazer

Tariq Panja / New York Times:
Sources: FIFA is close to giving Apple the global rights for its 2025 World Cup-style soccer competition in the US, likely for ~25% of FIFA's first $4B estimate

Kristen Hare / Poynter:
In its first open call for funding, Press Forward announces support, over two years, of $100,000 each for 100+ newsrooms focused on underserved audiences

Ian Youngs / BBC:
Huw Edwards, the BBC news anchor who has been off air since July 2023 after reports that he paid a young person for explicit images, resigns on “medical advice”

More News

Emil Protalinski / The Next Web:
Twitter updates its apps with new Trends locations, adds new Android options and improves Vine playback on iOS

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