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August 16, 2012, 6:30 PM

Top News

Matt Jarzemsky / Wall Street Journal:

Facebook Shares Fall to New Lows as Lockup Ends — Facebook Inc. shares sank 6.3% to a record low on Thursday, falling below $20 a share on a day when some early investors were allowed to unload their stakes, adding further pressure on the beaten-down stock.

More: BGR, The Tech Block and Business Insider

Alex Wilhelm / The Next Web:

Accel to sell around $1 billion in Facebook stock — Update: This is a bit different than we thought. As it turns out, the shares Accel intends to sell are a majority of what it is now eligible to sell. Its total holdings exceeded 150 million shares. TNW apologizes for the confusion.

More: Wired. Tweets: @cnbc, @fmanjoo, @mikeyavo and @danprimack

TechCrunch:

Lockup Expirations Dip Facebook Stock To $19.98, Lowest Closing Price Yet

More: VatorNews and Reuters

Julianne Pepitone / CNNMoney.com:

Facebook stock slumps 5% as insiders get first chance to sell

More: TechCrunch, AllThingsD, NBC Bay Area, Ars Technica, Pulse2 Technology …, Business Insider, DailyFinance.com, Bloomberg, Reuters, VentureBeat, Forbes, Telegraph, Yahoo! Finance and MarketBeat. Tweets: @danprimack

Leena Rao / TechCrunch:

Square Debuts Monthly Pricing Option For Small Businesses With Zero Swiping Fees — On the heels of announcing a mega-deal with Starbucks, mobile payments processing company Square is announcing another piece of key news—specialized, lower pricing per swipe for small businesses.

More: Marketing Land, The Verge, VentureBeat, Engadget, CNET, The Technology Chronicles, BetaKit, Pulse2 Technology …, Business Insider, The Next Web, Bloomberg, iMore.com and Mashable!

Tweets: @levie, @jack, @hunterwalk, @alex and @zamosta

Owen Thomas / Business Insider:

Is Square Going To Lose Money With Its New Pricing Plan?

More: Fortune and TheStreet.com

Matt Brian / The Next Web:

Why Apple really bought AuthenTec: It wanted “new technology” for upcoming products, and quickly — On July 27, seemingly out of nowhere, security company AuthenTec announced in a regulatory filing that it had agreed to a $356 million acquisition offer from Apple, making it one of the Apple's biggest mergers in its 36 year history.

More: Softpedia News, WebProNews, Ars Technica, MacRumors, SlashGear, GigaOM, iMore.com, Edible Apple, 9to5Mac, everythingiCafe and iDownloadBlog.com

Matthew Panzarino / The Next Web:

Apple says Retail Stores still hiring, recent staffing changes were a ‘mistake’, are being reversed — Apple says that recent reports about Retail Store employee hours being cut and hiring events being halted were misleading. Still, it says that some staffing changes were made, but that they were a mistake.

More: Dow Jones, Ars Technica, CNET, Macworld, GigaOM, The Verge, 9to5Mac, DailyTech, iDownloadBlog.com, App Advice and PadGadget

Tweets: @sammywalrusiv and @mpanzarino

Thanks:@martinsfp

Jim Dalrymple / The Loop:

Apple boss tries to gut retail operation — One of the smartest decisions that Apple made over the last decade was to open retail stores worldwide, giving users a chance to get some hands on time with its products. One of the worst decisions came recently when the new vice president …

More: Computerworld, TUAW, AppleInsider, ifoAppleStore and Marco.org

Jenna Wortham / NYT Bits:

Braintree, a Payments Company, Buys Venmo for $26.2 Million — The mobile payments war continues to escalate. — Braintree, a payments company that supplies technology to process credit card transactions on a mobile phone, said it purchased Venmo, a start-up that lets people send and receive money to their friends.

More: VentureBeat, TechCrunch, PandoDaily, The Next Web, Business Insider, GigaOM and Betabeat

Tweets: @dcurtis and @dcurtis

Ina Fried / AllThingsD:

Yes, We Need All These Witnesses, and No, I'm Not Smoking Crack — Already frustrated with the amount of paperwork in the Apple vs. Samsung case, Judge Lucy Koh boiled over with frustration on Thursday after lawyers for the sides filed a new round of objections over witness testimony.

More: Washington Post, Los Angeles Times, 9to5Mac, PC Magazine, TechCrunch, Techdirt, CNET, The Verge, The Verge, The Register, Ars Technica and PhoneArena

Josh Lowensohn / CNET:

Samsung expert knocks Apple's $2.5 billion damages tally

More: BGR, Ars Technica, AllThingsD, The Verge and Daring Fireball. Tweets: @inafried

Artem Russakovskii / Android Police:

[Updated: Screenshots] Google Is Gearing Up To Finally Introduce Play Store Gift Cards And A Wishlist [APK Teardown] — A new Google Play Store v3.8.15 apk started rolling out to Android devices today, but upon running through its UI, I was unable to uncover anything different from the versions before that.

More: Network World, 9to5Google, PC Magazine, IntoMobile, PhoneArena, Computerworld, Pulse2 Technology …, Engadget, The Next Web, Pocketnow, TechCrunch, Macgasm, Android News, Rumours …, Mobile Entertainment, Android and Me, TechnoBuffalo and MobileBurn.com

Phil Nickinson / Android Central:

Google Play gift cards are real - and here's what they look like

More: Pocketables, Redmond Pie, CNET, Engadget, iMore.com, Android News, Rumours …, GadgeTell, Gotta Be Mobile, TechnoBuffalo, AndroidGuys, The Verge and 9to5Google. Thanks:@philnickinson

Matthew Panzarino / The Next Web:

Hipsta-dramatic: Hipstamatic lays off all but core employees, including designers and engineers — Toy camera app company Hipstamatic has fired all but 5 of its core staff, including engineers and designers, The Next Web has learned. The company had been staffed up and working on a new release …

More: PC Magazine, TechCrunch, everythingiCafe and Marie Claire. Thanks:@alex

Jacqui Cheng / Ars Technica:

Three years later, deleting your photos on Facebook now actually works — It has been more than three years since Ars first started covering Facebook's inability to remove “deleted” photos from its servers, but this particular saga appears to be coming to an end.

More: Forbes, Inside Facebook, Business Insider, Techie Buzz, WebProNews, AllFacebook and VentureBeat

Tweets: @ejacqui, @clint and @ashk4n

Ellis Hamburger / The Verge:

Instagram 3.0 bets on location with Photo Map, adds infinite scrolling — Looking forward, Systrom envisions an Instagram that instantly pipes photos into one location-tagged stream for concertgoers, or one stream of photos tagged in front of the Eiffel Tower. “All sorts of cool things hapen once people use geodata,” he said.

More: BuzzFeed, AllThingsD, Mashable!, CNET, Los Angeles Times, VentureBeat, Gotta Be Mobile, MacRumors, Pulse2 Technology …, TUAW, Gizmodo, NYT Bits, 9to5Mac, memeburn, SlashGear, The Huffington Post, Engadget, IntoMobile and TechCrunch

Brooke Crothers / CNET:

Lenovo dings Microsoft Surface: We'll provide better hardware — Lenovo executives believe it can beat Microsoft on hardware and claims not to be worried about Microsoft's Surface tablet. — During Lenovo's first fiscal quarter 2013 earnings call, executives didn't mince words in attacking Microsoft's Surface strategy.

More: TechnoBuffalo, GeekWire, Fortune, AllThingsD, ZDNet and ZDNet

Bloomberg:

Lenovo Earnings Rise 30% As PC Maker Boosts Market Share

More: VentureBeat, LAPTOP Magazine and SiliconANGLE

Michael Arrington / Uncrunched:

Why I Changed My Mind On Klout (And Invested) — Klout has been one of my go to punchlines for some time now. For example - in May I wrote a post titled “My Detailed Thoughts On Klout” that contained a single word in the post itself: “Why?” — The problem I had with Klout …

More: parislemon and MarketingVox News & Trends

Liz Gannes / AllThingsD:

Diaspora's Next Act: Social Remixing Site Makr.io — If you were to come across a group of people sitting in a room together, all with their own laptops out, sending each other jokes online, you might think that was a little weird, right? — “Antisocial” is one word that comes to mind.

More: The Verge and Betabeat. Tweets: @kessler and @andythegiant

Alex Sherman / Bloomberg:

Dish Network Said To Plan Nationwide Satellite Broadband — Dish Network Corp. is preparing to introduce a nationwide broadband-Internet service using a satellite from sister company EchoStar Corp. (SATS), according to three people familiar with the situation.

More: VentureBeat, Engadget, The Tech Block, The Verge, FierceWireless and TechSpot

Jeff John Roberts / GigaOM:

‘Friends’ can share your Facebook profile with the government, court rules — A federal judge has ruled that investigators can go through your Facebook profile if one of your friends gives them permission to do so. The decision, which is part of a New York City racketeering trial …

More: Engadget, Pulse2 Technology … and Gizmodo. Thanks:@gnagesh

Ryan Kim / GigaOM:

Dunkin Donuts gets into the mobile payment game — Dunkin Donuts is following in the footsteps of rival Starbucks with the launch of its first mobile app, allowing users to pay for coffee and donuts with their smartphone. The app, available for iOS and Android, creates a virtual Dunkin Donuts card …

More: Internet2Go, VentureBeat, The Verge, Mashable!, TechnoBuffalo, BostInno, TUAW, Gotta Be Mobile, 9to5Mac and Betabeat

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