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1:25 PM ET, May 26, 2011

Techmeme

 Top Items: 
The Official Google Blog:
Coming soon: make your phone your wallet  —  (Cross-posted on the Google Commerce Blog and Google Mobile Blog)  —  Today in our New York City office, along with Citi, MasterCard, First Data and Sprint, we gave a demo of Google Wallet, an app that will make your phone your wallet.
RELATED:
MG Siegler / TechCrunch:
Google Unveils Wallet And Offers: An Open Platform For Mobile Payments  —  We're here at Google's massive New York City HQ (they own an entire block) for what Google was calling a “partner event” but everyone knew was really an “NFC event”.  Sure enough, Stephanie Tilenius, Google's VP of Commerce …
Ellis Hamburger / SAI:
Google Introduces Google Wallet, Works At Over 300,000 Mastercard PayPass Merchant Locations
Discussion: CNNMoney.com and Network World
Luke Westaway / Crave:
Google Wallet lets you pay for stuff with your phone, but US only for now
Discussion: The Next Web
Reuters:
Hedge fund star calls for Microsoft CEO to go  —  (Reuters) - Influential hedge fund manager David Einhorn called for Microsoft Corp Chief Executive Steve Ballmer to step down, saying the software company's long-time chief was stuck in the past.  —  Einhorn, speaking at the annual Ira Sohn …
RELATED:
Dmitry Shapiro / Altly Blog:
The need for an Alternative to Facebook  —  For those of us that don't like to read, you can find a Summary of this post here.  —  Over the last few years, we have entered an important new era of digital communication.  Social Networking is allowing us to communicate with each other in ways …
RELATED:
Liz Gannes / AllThingsD:   Ex-Myspace Exec to Launch Facebook Alternative With Funding From DFJ
Peter Parkes / Heartbeat:
[UPDATED] Problems signing into Skype and making calls for a small number of users  —  A small number of you may have had problems signing in to Skype.  This predominantly affects people using Skype for Windows.  We have identified the problem and will issue a fix in the next few hours.
Matthew Panzarino / The Next Web:
Square's name and design were changed by a lunch at Apple  —  According to Jack Dorsey, payment service Square was almost called ‘Squirrel’ and the card reader dongle was made of wood and shaped like an acorn.  Until he had lunch at Apple.  Update below.  —  Dorsey, Twitters co-founder …
Lee Hower / Fortune:
How LinkedIn first raised money (and endured rejection)  —  LinkedIn went public last week, with investors falling over each other to buy shares at a market cap that now exceeds $9 billion.  But it wasn't always so easy for the social network to raise money.
Discussion: SAI
Eric Slivka / MacRumors:
Apple Files Lawsuit Against Teenager Who Sold White iPhone 4 Conversion Kits, Settlement Reached?  —  Last November, we highlighted the story of New York City teenager Fei Lam, who had managed to sell $130,000 worth of white iPhone 4 parts in just a few months to customers eager to get their hands …
Stefan Constantinescu / IntoMobile:
Samsung Galaxy S outsells the iPhone in Japan during Q1 2011  —  The Japanese mobile industry is one that's filled with ridiculous devices made by handset vendors that almost never sell their creations overseas.  It's why many call Japan the Galápagos Islands of mobile.
Discussion: eWeek and 9to5 Google
Peter / The Mac Security Blog:
INTEGO SECURITY MEMO - New Mac Defender Variant, MacGuard, Doesn't Require Password for Installation  —  Malware: OSX/MacDefender.F and OSX/MacDefender.G  —  Risk: Medium; effective SEO poisoning has led many Mac users to this type of malware, and no administrator password is required to install this new variant.
RELATED:
Rich Mogull / Macworld:
Mac Defender: Pay attention but don't panic
Discussion: Edible Apple and TUAW
Guardian:
China using prisoners in lucrative internet gaming scam  —  Labour camp detainees endure hard labour by day, online ‘gold farming’ by night  —  As a prisoner at the Jixi labour camp, Liu Dali would slog through tough days breaking rocks and digging trenches in the open cast coalmines of north-east China.
Mike Butcher / TechCrunch Europe:
No Spotify inside Facebook, two record labels still needed for US launch  —  There has been some interesting speculation regarding the relationship between hot (at least in Europe) music streaming service Spotify and gargantuan social platform Facebook.  Now Forbes is reporting that Facebook …
Electricpig.co.uk:
iPhone 4S to be revealed at WWDC?  Invites appear to confirm it...  If you believe the rumours currently fizzing down Britain's broadband pipes, Apple has pretty much put the kibosh on iPhone 5 - at least for 2011.  —  But if that's the case, why is Apple's public relations department …
Robin Wauters / TechCrunch:
Amazon Repeats $0.99 Deal On Lady Gaga Album, Says Servers Won't Melt This Time  —  Earlier this week, Amazon offered the new album from superstar Lady Gaga, ‘Born This Way’, for a mere $0.99 in an effort to get people to discover its recently launched Cloud Drive / Player service.
Christian Zibreg / 9 to 5 Mac:
Rumor: Apple courting Samsung to build AMOLED displays for iPad 3?  —  File this one under the highly improbable drawer because there's little chance Samsung will let Apple get their hands on its active-matrix organic LED technology, better known as AMOLED, which is an important differentiating …
Nick Hughes / So Entrepreneurial:
Bubbles and Golden Ages  —  Update: This post has been republished on www.businessinsider.com.  —  I once watched an interview where angel investor Fred Wilson offhandedly noted reading a book which transformed the way he looked at markets and the web in general.
Discussion: The Business Insider
Leena Rao / TechCrunch:
Online Shopping Startup ProjectSlice Raises $9.4 Million From Eric Schmidt, Michael Birch And Others  —  Stealthy startup ProjectSlice is launching to the public today and announcing a $9.4 million Series A funding round led by DCM and Lightspeed Venture Partners with Michael Birch …
Dean Takahashi / VentureBeat:
Kaboom!  Kabam raises $85M for hardcore social gaming business  —  Here's a “kaboom” for all those social game skeptics out there.  Kabam has raised $85 million in a fourth round of funding to fuel its business making hardcore games for social networks such as Facebook.
DigiTimes:
HTC to begin volume production of Puccini tablet PCs in June  —  HTC has entered the final stages of testing for its 10.1-inch Puccini tablet PCs, with volume production slated for June 2011.  The tablet will be powered by a Qualcomm MSM8660 1.5GHz processor and runs on Android 3.0.1, according to sources in the supply chain.
Fred / A VC:
Some Thoughts On InvestorRank  —  Chris Farmer, a VC with General Catalyst, presented some interesting data yesterday at Disrupt.  He ranked VC firms on the basis of what companies they invested in as the first VC investor.  If you invested in a highly successful company in the first round …
Discussion: Betabeat and SAI
Loren Cheng / Facebook Developers:
PayPal Payouts with Facebook Credits  —  Starting today, developers signing up for Facebook Credits will have the option to use PayPal as a payout option.  Adding PayPal offers more flexibility and choice for payouts and makes it even easier to monetize your app with Facebook Credits.
 
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 More Items: 
Royal Pingdom:
Facebook gobbles up anti-Facebook domain names
Ryan Kim / GigaOm:
Raptr Shows How Social Networks Can Get More Personal
Discussion: TechCrunch, VentureBeat and Bits
Reuters:
LinkedIn eyes business opportunities in China
David Lazarus / Los Angeles Times:
Bank of America data leak destroys trust
Discussion: Network World
Noah Davis / SAI: Silicon Alley Insider:
Magazine Editors Are 100% Sure Tumblrs Are Driving Subscriptions, But They Can't Prove It
Teri Evans / Entrepreneur.com:
Lessons Learned: How Tumblr Recovered from a Business Crisis
 Earlier Items: 
Adam DuVander / ProgrammableWeb:
Who Belongs to the API Billionaires Club?
Jason Kincaid / TechCrunch:
Absolute Must Watch: Office Hours With Paul Graham At TC Disrupt
Discussion: Steve Poland
Adriana Lee / TechnoBuffalo:
Behind the Verizon iPhone Veil of Secrecy
Luis Sigal / Google Mobile Blog:
Check-ins and rating places get easier with Google Maps 5.5 for Android