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10:15 AM ET, October 25, 2007

Techmeme

 Top Items: 
Brad Stone / New York Times:
Microsoft to Pay $240 Million for Stake in Facebook  —  Microsoft has won a high-profile technology industry battle with Google and Yahoo to invest in the social networking upstart Facebook.  —  The two companies said on Wednesday that Microsoft would invest $240 million for a 1.6 percent stake in Facebook.
RELATED:
Terrence Russell / Epicenter:
Three Reasons Microsoft Underpaid For Facebook  —  It's official — the truth is less profitable than fiction.  Facebook has secured the cornerstone of its $15 billion valuation with today's Microsoft alliance.  But at $240 million, that's only a 1.6% slice of a much larger pie.
Michael Arrington / TechCrunch:
Perspective: Facebook Is Now 5th Most Valuable U.S. Internet Company  —  Yesterday came news that Microsoft invested $240 million into Facebook, valuing the company at $15 billion.  —  How much is $15 billion?  It's hard to understand how much money that really is.
Cynthia Brumfield / IP Democracy:   FSJ: Facebook Has Raised Another $500 Mil.
David Pogue / New York Times:
Apple Offers New Goodies in Leopard System  —  If you're a computer company, what on earth do you add to the sixth annual version of your operating system?  —  It's not as though there are any glaring holes left.  Nobody is still crying out for a better way to organize photos.
RELATED:
Walter S. Mossberg / Wall Street Journal:
Leopard: Faster, Easier Than Vista  —  Upgrade of Apple's OS  —  Isn't Revolutionary,  —  But It Beats Microsoft's  —  The Mac is on a roll.  Apple Inc.'s perennially praised but slow-selling Macintosh computers have surged in popularity in the past few years, with sales growing …
USA Today:
Leopard, Apple's new Mac operating system, hits all the right spots  —  When Steve Jobs unleashes Mac OS X Leopard on Friday, Mac fans and others considering an Apple computer for the first time will have questions.  Is the new Leopard operating system worth the $129 upgrade price?
Discussion: TechBlog, ParisLemon and Gizmodo
Ryan Block / Engadget:
Leopard reviews coming in, usual suspects agree: it's all gravy
Discussion: Valleywag
Steve / The Secret Diary of Steve Jobs:
PodTech: RIP  —  Well, they've had a good run but apparently the Casa de Scoble is heading for the big sleep.  Or is it the dirt nap?  I can never remember.  No announcement yet but we hear it's imminent.  Word is that Scoble was planning to bail in January anyway but now he won't have to.
RELATED:
Duncan Riley / TechCrunch:
PodTech Heading Towards The Deadpool?  —  Fake Steve Jobs aka Daniel Lyons has written that he's heard that PodTech will be closing up shop with an announcement imminent.  —  We can't confirm the rumor although I have pinged Robert Scoble asking him to comment.  If we get a response we'll publish it.
Steve / The Secret Diary of Steve Jobs:
Oh snap!  Faceberg raises another $500 million  —  Word up.  Hot on the heels of the big investment by the Borg only a few hours ago, Facebook has now landed another $500 million from two hedge funds in New York.  At the same $15 billion valuation.  It is on, people.
Robert Scoble / Scobleizer:
Reports of PodTech's demise are bull####
Discussion: WebProNews and Mashable!
Dan Goodin / The Register:
More gnashing of teeth after Microsoft update brings PCs to a standstill  —  Resource-hogging search app sprung on reluctant admins  —  Something seems to have gone horribly wrong in an untold number of IT departments on Wednesday after Microsoft installed a resource-hogging search application …
RELATED:
Sadjad's space:
Windows Desktop Search 3.01 in now Mandatory
Discussion: Neowin.net
Megan McCarthy / Valleywag:
Jackpot: Mark Zuckerberg, the $5 billion man  —  One thing has been overlooked in today's Facebook valuation announcement — how much the major players can now claim to be worth.  A source tells us that Facebook founder Mark Zuckerberg owns about 30 percent of the company …
Discussion: Mark Evans, HipMojo.com and Digg
RELATED:
BBC:
Virtual worlds threaten 'values'  —  The growing number of toy-themed virtual worlds aimed at young people risks undermining the basic human values we wish to instill in children.  —  So said industry veteran Lord Puttnam opening a London conference devoted to discussing virtual worlds.
Mark Hendrickson / TechCrunch:
Friendster Announces Developer Platform; Can You Say "Commodity"?  —  Good thing we launched the CrunchBase widget, because you may need it to refresh your memory about a certain social networking company called Friendster that's announcing its own developer platform today (okay okay …
Wagner James Au / GigaOM:
Lord Of The Rings Online: MMORPG Meets Web 2.0  —  Can web 2.0 principles revive the old school, hack-and-slash MMO?  That's the question that occurred to me when Henrik Bennetsen of the Stanford Humanities Lab showed me some YouTube machinima uploaded by players of Lord of the Rings Online, a fantasy MMO released earlier this year.
Discussion: Xconomy and Wonderland
Greg Sterling / Search Engine Land:
Live Search Almost Certainly Coming To Facebook  —  During this afternoon's Microsoft-Facebook conference call the question was asked whether the new deal would include paid search.  Microsoft's Kevin Johnson and Facebook's Owen Van Natta declined to directly answer the question …
Discussion: WebProNews and LiveSide
 
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 More Items: 
David Kaplan / paidContent.org:
Earnings: Scripps Posts Higher Q3 Revenue And Profits, While …
Scott Morrison / SmartMoney.com:
Google In 'Good Shape' Awaiting OK On DoubleClick Buy - CEO
Discussion: Search Engine Land
Paul Stokes / Telegraph:
Oink founder: We're just like Google
Discussion: TorrentFreak and p2pnet
Jibi / The Boy Genius Report:
RIM updates Yahoo and Google Talk IM clients
Securitydude / Network Observations:
Outrage: An Open Letter to the FCC
Scott Karp / Publishing 2.0:
Facebook, Defined Networks, and the Inverse of Metcalfe's Law
Mike Masnick / Techdirt:
UK Considers Forcing ISPs To Block File Sharing
Ina Fried / ZDNet:
Ballmer: Calling on mobile
 Earlier Items: 
Mark Hendrickson / TechCrunch:
Synchronize Your Browsing Habits with Opera Link
Discussion: CNET News.com and Mashable!
Cade Metz / The Register:
Google funds hold Firefox fate (for sure)
Stephen C. Miller / New York Times:
Copy Video From Your PC, and Then Watch It on Your TV
Nick / Rough Type:
The science of blog reading
Discussion: broadstuff and Tech IT Easy
Richard MacManus / Read/WriteWeb:
Al Gore's Current: Re-defining TV, Using the Web
Saul Hansell / Bits:
Deutsche Telekom Prepares for Two-Tier Internet
Tom Foremski / Silicon Valley Watcher:
Is GOOG Shafting Its AdSense Partners?
The 463:
Hi there.  I'm the Internet. …