Techmeme
August 23, 2012, 10:00 AM

Top News

Matthew Panzarino / The Next Web:
Tumblr becomes next property after Instagram to have Twitter friend-finding privileges revoked  —  Updated below with Tumblr's confirmation.  —  The enormous blogging platform Tumblr appears to have become the next property after Instagram to have its friend-finding privileges revoked.
Dustin Curtis / dcurt.is:
Black Widow  —  Twitter has an enormous advantage over Facebook in one key area: while people on Facebook tend to friend their friends, people on Twitter tend to follow their interests.  The following graph from Twitter is worth far more on a per-account basis because it is directly monetizable …
Matt Buchanan / BuzzFeed:
The Twitter Hit List  —  Why your favorite apps are in danger of annoying Twitter.  And what Twitter is going to do about it.  —  Twitter's Olympics page  —  Twitter used to be something like a utility, but at some point along the way it decided to become a media company.
Rachel Metz / Technology Review:
Fred Wilson  —  The well-known investor behind the likes of Twitter and Foursquare says venture capital funds have gotten too big.  —  Fred Wilson, managing partner at Union Square Ventures, is a preëminent figure in venture capital.  He's been at it for 25 years …
More: A VC
John Cook / GeekWire:
Dave McClure is ripping VCs again: They're f***ing arrogant and stupid a**holes  —  Dave McClure on his way to BC on “Geeks on a Train.”  Photo via Kyle Kesterson.  —  Dave McClure is not your typical venture capitalist.  He wears T-shirts and flip flops, and cusses like a sailor.
Miyoung Kim / Reuters:
LG says started production of new screen, as Apple plans product launch  —  (Reuters) - Flat-screen maker LG Display has started mass production of a new and thinner display, widely speculated to be for use in Apple Inc's next iPhone, and the display's production schedule remains in line …
Janet I. Tu / Seattle Times:
Microsoft gets a new logo for the first time since 1987  —  A lot is at stake when a company changes its logo, and Microsoft changed it a number of times in its early years.  —  For the first time in 25 years, Microsoft is changing its corporate logo.  —  Microsoft, which has used its solid …
Troy Wolverton / Mercury News:
OnLive owed $30 million to $40 million, was facing imminent shutdown  —  At the time of its insolvency last week, streaming game company OnLive was in far greater trouble than was publicly known.  —  The company owed $30 million to $40 million to various creditors and had little money to pay them.
Matthew Panzarino / The Next Web:
Wall Street Journal:
When Freemium Fails  —  A growing number of new businesses are following in the footsteps of successful companies such as Dropbox Inc., LinkedIn Corp., and Skype Inc., by giving away their products and services free to build a customer base.  —  Yet for some, the “freemium” …
Claire Cain Miller / New York Times:
In Google's Inner Circle, a Falling Number of Women  —  MOUNTAIN VIEW, Calif. — At Google, data is king.  Now the company is using data to figure out if it can anoint a few queens.  —  The company hopes its famous algorithms can solve one of the most vexing problems facing Silicon Valley: how to recruit and retain more women.
Jordan Golson / MacRumors:
Apple Pulls ‘Genius’ TV Ads from YouTube and Apple.com  —  Apple has removed the controversial ‘Genius’ TV spots from its YouTube channel and from the Apple.com marketing page for the Mac.  The ads were poorly received with some critics asking if it was a good idea to make potential customers seem clueless.
Charles Starrett / iLounge:
Purported next-gen iPhone charge/sync cable appears online  —  A single photo of a purported charge and sync cable for the next-generation iPhone has appeared online.  A representative of Veister.com alerted iLounge to the picture, which has been posted to Twitter.
Dennis Fisher / threatpost:
Google Building Privacy Red Team  —  Google, which has come under fire for years for its privacy practices and recently settled a privacy related case with the Federal Trade Commission that resulted in a $22.5 million fine, is building out a privacy “red team”, a group of people charged …
Megan Geuss / Ars Technica:
California state legislature approves Location Privacy Act  —  California's state legislature passed the Location Privacy Act of 2012 (SB-1434) on Wednesday, which would make it mandatory for law enforcement agencies to obtain a warrant before gathering any GPS or other location-tracking data …
Josh Constine / TechCrunch:
How Big Is Facebook's Data?  2.5 Billion Pieces Of Content And 500+ Terabytes Ingested Every Day  —  Facebook revealed some big, big stats on big data to a few reporters at its HQ today, including that its system processes 2.5 billion pieces of content and 500+ terabytes of data each day.
Josh Constine / TechCrunch:
Facebook Officially Launches “Sponsored Results” Search Ads  —  While it hasn't been publicly announced, Facebook is now telling marketers the Sponsored Results search typeahead ad unit it began testing last month “launches today”.  It lets marketers target users searching for specific apps …
Ryan Singel / Wired:
Sabu Gets 6-Month Sentencing Delay for Continuing to Help Feds  —  Sabu, the hacker who turned informant on the rampaging Anonymous offshoots Antisec and LulzSec, is getting a six-month reprieve from being sentenced on 12 counts of violating federal law, due to his continued cooperation with the feds, prosecutors told a court Tuesday.
Somini Sengupta / New York Times:
Techies Fight to Save Hacker Dojo, a Popular Silicon Valley Work Space  —  MOUNTAIN VIEW, Calif. — Hacker Dojo is equal parts shared office, lecture hall and after-hours salon for a variety of tinkerers, software coders and entrepreneurs who intend to reinvent the future.  The idea for Pinterest was cooked up here.

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