Top Items:

Apple's Upcoming ‘Reading List’ for Safari to Compete with Instapaper and ReadItLater — Apple is working on a new feature for Safari in Apple's Mac OS X Lion that will bring a different kind of bookmarking functionality to the browser. Apple calls it “Reading List” and is meant to offer users a way to save pages for later reading.
Discussion:
TUAW, RazorianFly, AppleInsider, MacStories, MacHackPC, VentureBeat, Electronista, @marcoarment and iClarified
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Why You Should Think Twice About Opting-In to the Delicious-AVOS Transfer — It takes “only 30 seconds” to transfer your Delicious bookmarks to its new owner AVOS, though few are aware that Delicious users are signing up to a vastly different set of terms. — Most people are unaware of what they just agreed to.
Discussion:
@andrewbaron
RELATED:

Why Every Single Person Should Take 30 Seconds to Opt-in to the Delicious Data Transfer
Discussion:
CNN
Mark Milian / CNN:
Delicious founder on site's potential: ‘The time has passed’
Delicious founder on site's potential: ‘The time has passed’
Discussion:
Hack Education, Technology Review and www.thehostingnews.com

When Will Microsoft's Internet Bloodbath End? — “Online Services Division revenue grew 14% year-over-year primarily driven by increases in search revenue.” — That was Microsoft's statement about the Online Services Division in their earnings release yesterday. Growth! Yippee!

Is Wireless Tether About to Get the Android Axe? Carriers Finally Starting to Block it? — If you aren't sure what that picture is saying, let me attempt to break it down for you. After receiving a tip that Verizon may be blocking Wireless Tether from the market, I decided to do a little digging on the variety of devices I own.
Discussion:
Electronista and Android Phone Fans

Congress Has Questions for Sony About Attack — A House of Representatives subcommittee sent a letter to Sony on Friday asking for information about the attack on the Sony Playstation Network by hackers last week. The gaming network has 77 million registered users.
Discussion:
Computerworld, Technologizer, Electronista, PE Hub Blog and VentureBeat
RELATED:
Peter Lloyd / ABC News:
Hackers run up debt for PlayStation user
Hackers run up debt for PlayStation user
Discussion:
Gamasutra, ZeroPaid.com, Chris Pirillo, The Escapist, GamePolitics News and Kotaku

Google Will Reveal A Revamped Version Of Google TV Soon — The first version of Google TV may be a dud, but the company is working on the next version and could show it off at its I/O conference next month. — An industry source says the next version of Google TV has a lot more potential than today's version for three main reasons:
Discussion:
Softpedia News, CNET News, Digital Trends, SlashGear, Electronista, PC World, DailyTech and Technologizer
Mike Masnick / Techdirt:
Lawsuits Filed Against Twitter, Facebook & MySpace For Confirming That A User No Longer Wanted Text Messages — Ah, class action lawsuits in action. If you want an idea of how the class action lawsuit process is often used for completely ridiculous purposes, just take a look …
Discussion:
TechCrunch, Chris Pirillo, SiliconANGLE, SlashGear and Hillicon Valley

Jack Dorsey Shares Some Big Square Numbers: 341,688 Readers Shipped, $137M Total Flow — Square founder and CEO Jack Dorsey just tweeted a photo of the company's internal dashboard, and, aside from looking very sexy, it's boasting some impressive numbers. Among them: Square has shipped 341,688 …
RELATED:
Michael Liedtke / Associated Press:
Yahoo CEO's pay package falls 75 pct to $11.9M — SAN FRANCISCO - Yahoo Inc. cut CEO Carol Bartz's compensation by 75 percent to $11.9 million last year as the Internet company struggled to revive its revenue growth, regulatory documents filed Friday show. — The sharp drop in the value …
Discussion:
SAI

Adobe Flash Player 10.2 spills beans on Android 3.1 video acceleration — A recent Adobe Flash Player 10.2 update has spilled the beans on Android 3.1. The update says that Flash Player 10.2 supports “hardware accelerated video,” provided that a user is running the unannounced Android 3.1 operating system.
Discussion:
Droid Life, SAI, Gizmodo and Engadget

Memories Lost to a Whirlwind Alight on Facebook to Be Claimed — The tornado that killed Emily Washburn's grandfather this week also destroyed his Mississippi home, leaving his family with nothing to remember him by — until a picture of him holding the dog he loved surfaced on Facebook …

Ultrafast fibre optics set new speed record — THINK your broadband internet connection is fast? Two separate research groups have just lapped the field, setting a world record by sending more than 100 terabits of information per second through a single optical fibre.
Discussion:
GigaOM

The scorecard on royal wedding internet traffic — The royal wedding of Prince William and Kate Middleton generated traffic records as millions upon millions watched the live video on the internet. — Keynote Systems, a mobile and internet cloud monitoring service, said most news web sites held up pretty well.
Discussion:
Digital Life, Mashable!, Facebook UK, PC Magazine, Latest from Crain's …, Lost Remote and PC World

How Many Mulligans Does Color Get? — WARNING: mixed sports metaphors ahead. — How many do-overs does a startup get before users give up on it for good? As far as I can remember, the answer is zero. I can't think of an example where a startup launched into the wild, flailed badly …
Discussion:
Telegraph

Verizon Plans To Put Location-Tracking Warning Sticker on Phones — Verizon tells Congress that it plans to put warning labels on phones (illustration from Verizon letter to Markey and Barton) — Though Apple and Google have become the whipping boys for location privacy …
Discussion:
Electronista, Phone Scoop, Engadget, VentureBeat, PC World, Techdirt, Techland, ReadWriteWeb, Know Your Cell, BGR, 9 to 5 Mac, MobileBurn.com and The Politico
RELATED:
Gregg Keizer / Computerworld:
Apple, Google will testify to Senate on location tracking
Apple, Google will testify to Senate on location tracking
Discussion:
Al Franken, App Advice, TUAW, RazorianFly and MacRumors