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1:45 AM ET, August 5, 2008

Techmeme

 Top Items: 
Eric Eldon / VentureBeat:
Facebook to let employees sell some stock — at internal $4 billion valuation  —  Facebook has an internal valuation of $4 billion, as we've previously reported.  It will begin letting current employees sell 20 percent of their fully vested stock options at that valuation, starting this fall, I've learned from well-connected sources.
RELATED:
Peter Kafka / Silicon Alley Insider:
Is Facebook Letting Employees Cash Out?  —  Facebook employees are in an enviable position: Each of them owns a small piece of a company that's worth billions of dollars, which means each of them is looking at the prospect of a windfall — one day.  But until Facebook sells or goes public …
Eric Eldon / VentureBeat:
LinkedIn, like Facebook, is letting employees sell some stock early  —  LinkedIn is letting employees sell up to twenty percent of their vested stock options at a $500 million valuation, I've learned from a source.  Another source tells me that the plan was announced at a recent company meeting, but they didn't give me the details.
Discussion: paidContent.org
Jacqui Cheng / Infinite Loop:
Steve Jobs: MobileMe “not up to Apple's standards”  —  In an internal e-mail sent to Apple employees this evening, Steve Jobs admitted that MobileMe was launched too early and “not up to Apple's standards.”  The e-mail, seen by Ars Technica, acknowledges MobileMe's flaws and what could have been done to better handle the launch.
Kara Swisher / BoomTown:
Yahoo Shareholder Vote Number-Crunching- Whither Cap Re's No Vote?  —  There is a mini-tempest brewing over how shares were tallied in the Yahoo annual meeting last Friday, specifically around whether a group of votes withheld by one of Yahoo's major shareholders was not counted …
Jon Stokes / Ars Technica:
Larrabee: Intel's biggest leap since the Pentium Pro  —  Since the primitive 4004 chip first designed for a line of calculators, Intel has been a processor company.  And in all of the company's decades of processor design and fabrication, Intel has seen only one truly disruptive change …
RELATED:
Mark Wilson / Gizmodo:
Apple Yanks Another Popular App from iTunes, This Time Box Office  —  Last week, Apple quietly stopped distributing NetShare, put it back up, and now appears to have pulled it again.  But what could we expect?  It was a piece of software allowing users to transform their iPhones into Wi-Fi hotspots.
RELATED:
Don Reisinger / Mashable!:
Why Apple and Facebook Need to Leave Apps Alone
Discussion: MacRumors iPhone Blog and iLounge
Nate Anderson / Ars Technica:
Google backs ISP-guaranteed minimum data rates  —  One side effect of the FCC's recent move against Comcast's P2P “delaying” technology has been to make discussions about the dark art of network management even more pressing (and they were pretty pressing before).
RELATED:
Alana Semuels / L.A. Times Tech Blog:
Why is Sanjay Jha so popular on Google?  —  Who the heck is Sanjay Jha?  He had risen to the top of Google's Hot Trends rankings, which means he was being searched for vigorously.  —  People were probably looking for the Sanjay Jha who until recently was chief operating officer of Qualcomm, the San Diego-based chip maker.
RELATED:
Philipp Lenssen / Google Blogoscoped:
Google Translation Center, a New Human Translations Service in the Making  —  Google is working on a new service called Google Translation Center.  Just a short while ago, we noticed that “center” had been added to Google's robots.txt file, and now co-editor Tony Ruscoe discovered the link …
RELATED:
Brian McConnell / GigaOM:   Google Translation Center: The World's Largest Translation Memory
MG Siegler / VentureBeat:
Got iBugs?  Get your iPhone 2.0.1 software now  —  It's been just over three weeks since the launch of the iPhone 3G and the 2.0 software for the iPhone.  If there is one thing that everyone can agree on, it's that the software is fairly buggy.  —  Today comes the first update …
Eric Savitz / Tech Trader Daily:
Appeals Court: Cablevision Can Offer Network DVR; Big Win For Cable; Bad News For Content, Satellite Cos  —  In a stunning ruling that has huge implications for the cable industry, the U.S. Court of Appeals in New York has cleared the way for Cablevision (CVC) to offer so called “network DVRs …
David Kravets / Threat Level:
Judge Hints at Mistrial in RIAA v. Jammie Thomas  —  DULUTH, Minnesota — The federal judge who presided over the nation's only peer-to-peer copyright-infringement trial announced from the bench here Monday that he is likely to declare a mistrial.  —  “Certainly, I have sent a signal …
Ben Parr / Mashable!:
Are Social Media Jobs Here to Stay?  —  Let's face it: Social media has become one of the hot buzzwords in tech circles.  It used to be Web 2.0 and social networking, but now we have moved on to a broader term that encompasses not only social networking, but blogs, podcasts, user-generated content …
Peter Kafka / Silicon Alley Insider:
Shawn Fanning's Incredible Shrinking Pay Day: EA Bought Game Company for $15M, Not $30M  —  From the can't-believe-everything-you- read department: Earlier this year, reports circulated (which we repeated) that Napster founder Shawn Fanning had finally made some real money by selling …
Discussion: Valleywag
Michael Arrington / TechCrunch:
Adaptive Path Releases Aurora To “Inspire And Engage” Community  —  Aurora (Part 1) from Adaptive Path on Vimeo.  —  Adaptive Path, a product development and consulting service in San Francisco, is releasing a new web interface concept called Aurora this evening.
Discussion: Mozilla Labs
 
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Clearbanc co-founder and president Michele Romanow is coming to Disrupt SF  —  Raising venture capital isn't easy; for some, it's impossible.  Clearbanc offers startups a fundraising alternative …
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 More Items: 
Kaspersky Lab Weblog:
Social engineering on Twitter
Discussion: Zero Day, jd/adobe and TwitPwn
Brooke Crothers / CNET News.com:
Micron preps 256GB solid state drive
Discussion: Computerworld
Doc Searls Weblog:
The inhospitality business  —  When you charge somebody for a service …
Joe Sharkey / New York Times:
What a Chic New Bag. And X-Ray Friendly, Too.
Akky Akimoto / Asiajin:
Mixi testing their “Twitter”
Discussion: Webware.com and Scripting News
Tracey John / MTV Multiplayer:
‘Diablo III’ Designer Turns Tables, Judges Fans' Screenshots
Discussion: Kotaku, Destructoid and Slashdot
Jaya Jiwatram / Popular Science:
Invisible Bullet-Tagging Technology Could Deter Criminals
Discussion: Gizmodo
eWeek:
Linux to Outsell Windows in Mobile Internet Device Market
Discussion: PalmAddicts
 Earlier Items: 
Dan Ackerman / Crave: The gadget blog:
MacBook redesign leaked? Probably not
John Timmer / Ars Technica:
Air Force cracks software, carpet bombs DMCA
Discussion: Slashdot
Caroline McCarthy / The Social:
In online ad space, blank-faced hipsters in panties prove powerful
Discussion: Valleywag and WebProNews
InfoWorld:
2008 Best of Open Source Software Awards
Theo Valich / TG Daily:
AMD Fusion details leaked: 40/32 nm, dual-core CPU, RV800 graphics
Kit Eaton / Gizmodo:
MPAA Want to Bung-Up “Analog Hole,” Disable Piracy-Enabling Cable Box Outputs
Vik / zooie's blog:
Yahoo Boss - Google App Engine Integrated
Discussion: CNET News.com and TechCrunch
Joop Dorresteijn / The Next Web:
Feedburner hack: how to get 2500 subscribers overnight (video)