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10:40 PM ET, July 8, 2010

Techmeme

 Top Items: 
Marshall Kirkpatrick / ReadWriteWeb:
Facebook's Location Feature Gets More Hands on Deck With Acquisition of Ex-Googler Startup NextStop  —  Facebook will unveil its entry into the location-based social networking space someday and today's acquisition of innovative trip-sharing service NextStop will undoubtedly influence what Facebook users eventually get to see.
RELATED:
Kim-Mai Cutler / VentureBeat:
Facebook acquires activity-recommendations startup Nextstop  —  Facebook is adding another talent acquisition to the mix.  It has acquired Nextstop, a San Francisco-based startup for recommending things to do or places to go.  —  “This was a difficult decision for us,” the company said in a statement.
Ryan Lawler / NewTeeVee:
New Apple TV Will Push 99 Cent Streaming TV Rentals  —  Apple is about to get a lot more serious about its “hobby” with the next release of its Apple TV set-top box, as sources say that the software company will look to push a new streaming rental service that will offer up individual TV episodes for 99 cents.
Mic Wright / Electricpig.co.uk:
New iPod Touch: 5MP camera and FaceTime incoming?  Britain's top sellers say so  —  The new iPod Touch will come packing a 5MP camera with HD video shooting skills, according to John Lewis which has just spilled the new specs at its Xmas in July event in central London.
RELATED:
Katie Marsal / AppleInsider:
Purported next-gen iPod touch parts suggest forward-facing camera
Discussion: Computerworld and SlashGear
Dan Frommer / Silicon Alley Insider:
iPhone Developer Brags: $1,400 In iAd Revenue In One Day At $150 eCPM  —  Apple's iAds have started rolling out, and at least one iPhone developer is enjoying early returns, boasting of making $1,400 in ad revenue on the first day.  —  San Diego-based Jason Ting started selling an app yesterday …
RELATED:
Tricia Duryee / mocoNews:
iPhone Developer Throws Cold Water On Talk Of iAd's Stellar Performance
Jason Kincaid / TechCrunch:
Facebook To Close Its Virtual Giftshop August 1st  —  Those goofy ninja drawings, multicolored troll things, and birthday cakes adorning your Facebook wall are about to become collector's items.  Facebook has just announced that it is closing Facebook Gifts — a feature that launched …
Brian Krebs / Krebs on Security:
Pirate Bay Hack Exposes User Booty  —  Security weaknesses in the hugely popular file-sharing Web site thepiratebay.org have exposed the user names, e-mail and Internet addresses of more than 4 million Pirate Bay users, according to information obtained by KrebsOnSecurity.com.
Anand Srinivasan / Go Rumors:
Microsoft Lays Claim To iPad's Page Curling Feature  —  The Courier may be dead, but we are still getting to see the innovations built by Microsoft back when development on Courier was still in its prime.  A patent application filed by Microsoft back in January 2009 describes the page curl feature …
Brier Dudley / The Seattle Times:
Experian: Bing gains 7 percent, Google down 1 point in U.S.  —  This may not be enough to improve Microsoft morale after the Kin debacle and stealthy layoffs, but the company's search effort showed a healthy gain in the latest report from Experian Hitwise.  —  Bing share of U.S. searches grew 7 percent …
Siobhan Gorman / Wall Street Journal:
U.S. Plans Cyber Shield for Utilities, Companies … The federal government is launching an expansive program dubbed “Perfect Citizen” to detect cyber assaults on private companies and government agencies running such critical infrastructure as the electricity grid and nuclear-power plants, according to people familiar with the program.
Arielle / Gmail Blog:
Rich text signatures  —  Rich text signatures have long been one of our most widely requested features.  Some of you have tried your own solutions, including Greasemonkey scripts, browser plugins, and even using canned responses from Gmail Labs.  Others have simply lived with frustration …
Discussion: The Next Web
Mathew Ingram / GigaOM:
Is It Time to Stop Blogging and Start an Email Newsletter?  —  When entrepreneur Jason Calacanis shut down his blog in 2008 and replaced it with a subscription-only email newsletter, his move seemed to be more of a personal response to abusive reader comments rather than a leading indicator of a trend …
Discussion: MediaPost and Inc.com, Thanks:lippard
Kara Swisher / BoomTown:
Exclusive: Yahoo Makes Another Major Product Exec Hire From Microsoft  —  After a query from BoomTown, Yahoo confirmed this afternoon that it had hired former Microsoft online exec Bill Shaughnessy (pictured here) as SVP of Product Management.  —  Shaughnessy will start next week and report …
Discussion: paidContent and TechCrunch
Economist:
You bet  —  Attempts to ban online gaming are doomed to fail.  Better to legalise, tax and regulate the habit  —  PROHIBITION destroyed America's once-robust brewing industry, made smugglers rich and did nothing to curb drinking.  Outlawing drugs has been a similarly spectacular failure.
Reuters:
Google confident of getting China Web license  —  Idaho (Reuters) - Google Inc chief executive Eric Schmidt said on Thursday he is confident the company will secure a license to operate a website in China, amid speculation Beijing will reject its application.
Discussion: Associated Press
Leena Rao / TechCrunch:
comScore: Android Continues To Gain Smartphone Market Share  —  ComScore just released its smartphone market share numbers for March through May, and unsurprisingly the trend continues from previous months.  Android phone saw the most significant growth in market share in May …
Foremski / Silicon Valley Watcher:
The Lack Of Tech IPOs Is Holding Back Job Expansion Says Leading VC  —  Robert Ackerman, a leading Silicon Valley venture capitalist and founder of Allegis Capital, says that tech IPOs will remain scarce and that this will curtail job creation in the US.  —  A continued scarcity of tech IPOs means …
Daniel Wallis / Reuters:
Venezuela arrests two for banking rumor Tweets  —  (Reuters) - Venezuelan police said on Thursday they arrested two people for spreading false rumors on the micro-blogging site Twitter aimed at destabilizing the Latin American country's banking system.  —  While Venezuela's big banks …
Discussion: The Next Web
Yinka Adegoke / Reuters:
RPT-MySpace sale reports are “fabrications” - News Corp exec  —  * Says MySpace relaunch planned for late fall  —  SUN VALLEY, July 7 (Reuters) News Corp (NWSA.O) digital chief Jonathan Miller said on Wednesday his company is not in talks to sell its once popular social networking site MySpace …
Stephen Shankland / CNET News:
Adobe: Flash to take 3D graphics plunge  —  In a move that could keep ties with online games programmers strong, Adobe Systems is adding 3D graphics support to a coming version of its widely used browser plug-in.  —  The move is an important advancement for Flash, a software foundation …
Discussion: ByteArray.org, Ubergizmo and Engadget
MG Siegler / TechCrunch:
Foursquare's Next Game: Choose Your Own Adventure?  —  Foursquare is growing quickly, gaining momentum from mainstream deals, and now they have the money in the bank to keep it up.  But the big question remains: can they keep it up in the face of major competition?
Agam Shah / Computerworld:
OLPC to add multitouch screen to future XO-1.75 laptop  —  Nonprofit organization One Laptop Per Child on Thursday said it is adding a multitouch screen to the upcoming XO-1.75 laptop and is modifying software to take advantage of the new hardware.  —  Nonprofit organization One Laptop Per Child …
 
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 More Items: 
Caroline McCarthy / The Social:
Toronto law firm preps Facebook privacy suit
Discussion: BetaNews
Joseph Tartakoff / paidContent:
NexTag Buys Product Reviews Site Wize
Leena Rao / TechCrunch:
U.S. Venture Capital Fundraising Up 13 Percent In First Half Of 2010 To $7.5B
Eric Zeman / InformationWeek:
Does It Matter How Many Kins Microsoft Sold?
Tom Wilde / Silicon Alley Insider:
Hulu, Google TV, And The Brewing TV “Desktop” Storm
Discussion: 9 to 5 Mac
Thomas Ricker / Engadget:
iSuppli: OLED panel shortage a concern for Android smartphone makers
Discussion: iSuppli, Electricpig and ZDNet
Jennifer Baker / Computerworld:
EU court rules that Adwords do not infringe trademark laws
 Earlier Items: 
Michael Iams / MapQuest Blog:
MapQuest 4 Mobile iPhone Adds Spoken Street Names and Supports iOS 4
Discussion: ReadWriteWeb and The Next Web
David Barboza / New York Times:
Apple Making New Push Into China
Discussion: Cult of Mac
Brian Womack / Bloomberg:
Yahoo CFO Aims to End Buy-High, Sell-Low Track Record on Deals
Robin Wauters / TechCrunch:
Skype's Innermost Security Layers Claimed To Be Reverse-Engineered
Discussion: Softpedia News and Slashdot
Wall Street Journal:
Facebook Touts Selling Power of Friendship