Techmeme
November 19, 2013, 3:00 PM

Top News

Tom Warren / The Verge:
Nokia shareholders approve Microsoft deal  —  Nokia shareholders have approved a deal allowing Microsoft to purchase the Finnish smartphone maker's Devices and Services unit.  99.7 percent of shareholders who participated in the vote agreed with the Microsoft sale, representing around four-fifths …
Arik Hesseldahl / AllThingsD:
Sony's PlayStation 4 Costs $381 to Build — Only $18 Under Retail Price — In Teardown  —  When PlayStation 3 was first released by electronics giant Sony in 2006, it was sold at a loss with the hope of making money back on individual games.  —  That's pretty close to what Sony is doing again with the PS4 …
Aaron Souppouris / The Verge:
Samsung ships 800,000 Galaxy Gear smartwatches to retailers in two months  —  Samsung defies critics, sells 800,000 Galaxy Gear smartwatches in two months  —  Despite very negative reviews from almost everyone that cared to touch one, Samsung has sold 800,000 Galaxy Gear smartwatches in two months.
Colleen Taylor / TechCrunch:
Hightail, The File-Sharing Service Formerly Called YouSendIt, Lands $34 Million In New Funding  —  Hightail, the file-sharing service formerly known as YouSendIt, is announcing today that it has raised $34 million in new funding.  The round, which serves as Hightail's Series E, was led by hard drive maker Western Digital.
Leena Rao / TechCrunch:
Google Wallet Creators Raise $7M From Eric Schmidt, Khosla To Bring Personalization And Analytics To In-Store Commerce  —  While Amazon has been at the forefront of providing a personalized experience in online commerce, in-store retailers are still behind in using data in compelling ways …
Ryan Lawler / TechCrunch:
FiftyThree, Maker Of Creativity App Paper, Gets Into Hardware With Launch Of Its ‘Pencil’ Stylus  —  FiftyThree, the company behind the wildly popular iPad creativity app Paper, is making its first foray into hardware with the launch of a new stylus it's creatively named “Pencil.”
Dr. Raymond M. Soneira / DisplayMate:
Mini tablet display comparison: 7" Kindle Fire HDX and Nexus 7 impress, iPad mini disappoints  —  Mini Tablet Display Technology Shoot-Out  —  Introduction A new generation of Mini 7 to 8 inch Tablets from three of the major manufacturers has just completed with the belated launch of the Apple iPad mini with Retina Display.
Lance Whitney / CNET:
Snapchat says it's delivering over 400M snaps daily while Facebook sees 350M photo uploads daily  —  Snapchat surpasses Facebook in photo uploads  —  Snapchat users are snapping past their Facebook counterparts when it comes to uploading photos.  —  A Snapchat represenative told CNET …
Kaylene Hong / The Next Web:
Twitter backtracks and removes option to let users receive direct messages from any follower  —  Last month, Twitter quietly rolled out a new feature to give users the choice to receive private messages from any of their followers, but that option has now been removed.
Dan Seifert / The Verge:
Motorola releases Android 4.4 KitKat update for Verizon Moto X  —  Motorola announced today that the Android 4.4 KitKat update for the Verizon version of the Moto X would begin its rollout.  This deploy comes a mere three weeks since KitKat was officially launched with the Nexus 5 …
Wall Street Journal:
Dropbox's revenue in 2012 was $116M and $46M in 2011  —  Dropbox Seeks Funding Round at $8 Billion Valuation … Online-storage service Dropbox Inc. is raising a funding round that could value it at more than $8 billion, according to people familiar with the situation, though new figures reveal its revenue growth is decelerating.
More: TechCrunch and Business InsiderTweets: @dmac1
Ashlee Vance / Businessweek:
Bruce Booth / Forbes:
Correlation's Fresh Look At Venture Capital Returns  —  The broad underperformance of the venture capital asset class during the past decade is widely discussed; there's a frequently cited assertion that U.S. venture returns trailed the overall public equity stock market in the 2000s.
Tweets: @bijans and @lifescivcThanks:@eghosao

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