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April 16, 2012, 4:40 PM
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Liz Gannes / AllThingsD:
Confirmed: Redpoint Leads $40M Funding Round for Path  —  Path, the mobile social networking start-up, is planning to announce it has raised Series B funding as early as tomorrow, according to sources.  —  Redpoint Ventures led the $40 million round, which values Path at $250 million.
Om Malik / GigaOM:
Why Path is no Instagram  —  Ever since Facebook decided that Instagram was worth $1 billion, there has been recurring talk of Path, another social service being the next big buyout target.  And while I am happy for the Path team, I find the comparisons with Instagram unfounded and premature.
More: CNET
Brad McCarty / The Next Web:
Google Drive detailed: 5 GB for free, launching next week for Mac, Windows, Android and iOS  —  Sometimes we get lucky, and today is one of those days.  I got a draft release from a partner of Google's upcoming Google Drive service and it gives away a wealth of information about how Google plans to take on the incumbent Dropbox.
Michael Calderone / The Huffington Post:
Huffington Post Wins Pulitzer Prize  —  Huffington Post senior military correspondent David Wood has spent decades covering war, watching as wounded combat troops are loaded onto medical evacuation helicopters and, he said, “go off in a cloud of dust.”  But after their sacrifice on the battlefield …
Eric Mack / CNET:
Raspberry Pi $35 mini system starts shipping  —  The credit card-sized Linux system is being delivered to first 10,000 customers worldwide this week.  Raspberry Pi, the $35 Linux system about the size of a credit card, is fully baked and ready to eat... er, ship.
Derek Andersen / Startup Grind:
Exclusive: Electronic Arts Set To Layoff +500 Employees  —  Exclusive: I've confirmed from multiple sources within Electronic Arts that the company is planning to layoff 500-1,000 people as soon as this week.  As of March 31 public numbers, that represents between 5%-11% of total company employees.
Nathan Ingraham / The Verge:
Galaxy Nexus coming to Sprint on April 22nd for $199.99, includes a $40 Google Wallet credit  —  We've been waiting for a release date since CES, but it's finally official — the Galaxy Nexus is coming to Sprint on April 22nd for $199.99 when you sign a new two-year contract.
Devindra Hardawar / VentureBeat:
Foursquare confirms 20M users, 2 billion check-ins, on 4sqDay 2012  —  Today, the third annual 4sqDay (April 16, four-squared, get it?), check-in king Foursquare confirmed that it has reached new milestones of 20 million users and a whopping 2 billion check-ins.
Dan Frommer / ReadWriteWeb:
Why Facebook Terrifies Google  —  Google is still the biggest, baddest online advertising company on the planet.  Its $2.9 billion profit last quarter, announced yesterday, was almost as much as Facebook's revenue for all of 2011.  —  But Facebook has something important that Google doesn't …
Serena Saitto / Bloomberg:
RIM Said to Discuss Hiring Bank to Help Weigh Strategy Options  —  Research In Motion Ltd. (RIM), the troubled maker of the BlackBerry smartphone, is in talks to hire a financial adviser that can help it weigh strategic options, according to three people with knowledge of the matter.
More: ZDNet
Leena Rao / TechCrunch:
SEC Filing: First Round Capital Raising $135 Million For New Fund  —  From a recent SEC filing, it looks like early stage investment firm First Round Capital is raising $135 million for a new fund, First Round Capital IV, L.P. Managing partners Josh Kopelman, Chris Fralic …
Nick Hopkins / Guardian:
US and China engage in cyber war games  —  Exclusive: US and Chinese officials take part in war games in bid to prevent military escalation from cyber attacks  —  The US and China have been discreetly engaging in “war games” amid rising anger in Washington over the scale and audacity …
Rachel King / Between the Lines Blog:
Oracle v. Google: What's at stake  —  Summary: Oracle and Google are finally going to trial after two years of litigation, but what's really at stake here for these two Silicon Valley giants?  —  Oracle's patent infringement lawsuit against Google is finally set to go to trial …
Matthew Panzarino / The Next Web:
Twitter acquires social analytics company Hotspots.io for its revenue engineering team  —  The social analytics company Hotspots.io has been acquired by Twitter, and its team will be joining the revenue engineering department there, according to a splash page on its website.
Apple:
New iPad Arrives in South Korea & 11 Additional Countries This Week  —  CUPERTINO, California April 16, 2012 Apple® today announced the new iPad®, the third generation of its category defining mobile device, will arrive in South Korea and 11 additional countries on Friday, April 20.
Dan Primack / Fortune:
Exclusive: Big changes coming to Kleiner Perkins  —  Brook Byers and Ray Lane scale back their future involvement.  —  Kleiner Perkins Caufield & Byers is changing its partnership structure, according to prospective limited partners in the venture firm's next early-stage fund.
Dante D'Orazio / The Verge:
Roku to launch in Canada with over 100 channels, pre-orders start today  —  We heard that Roku was planning to go international with its tiny streaming boxes, and after launching in the UK a couple of months ago, the company has announced that its products are available to pre-order in Canada as of today.

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From Mediagazer

Joe Flint / Wall Street Journal:
Sources: David Ellison has picked HBO content chief Casey Bloys to oversee streaming operations following Paramount's acquisition of WBD

Lucas Shaw / Bloomberg:
Sources: David Fincher won't renew his Netflix deal when it expires in 2027; he isn't leaving for a rival studio and could still make his next movie at Netflix

Andrea González-Ramírez / The Cut:
Q&A with two Cornell Daily Sun student journalists on breaking the news of a suit alleging seven students raped a woman, followed by a fiery editorial, and more

More News

Earlier Picks

Matt Brian / The Next Web:
Samsung sends out event invites to “come and meet the next Galaxy” on May 3 in London.  Galaxy S III incoming?
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