May 1, 2013, 10:50 PM

Top News

John Paczkowski / AllThingsD:
Apple's iOS 7 Will Ship On Time, Sources Say  —  Apple's iOS 7 is so significant a reimagining of the mobile operating system that the company is mustering additional engineering resources to get it out the door in time for a preview at its annual Worldwide Developers Conference, which is June 10-14 in San Francisco.
Adam Satariano / Bloomberg:
Apple's Ive Seen Risking iOS 7 Delay on Software Overhaul  —  Jonathan Ive, six months into an expanded role as Apple Inc. (AAPL)'s top product visionary, has embarked on a sweeping software overhaul that leaves the company at risk of falling behind on a new version of the operating system …
Facebook Reports First Quarter 2013 Results  —  Facebook, Inc. (NASDAQ: FB) today reported financial results for the first quarter, which ended March 31, 2013.  —  “We've made a lot of progress in the first few months of the year,” said Mark Zuckerberg, Facebook founder and CEO.
Josh Constine / TechCrunch:
Facebook Q1 Earnings Beats With $1.46B In Revenue, Up 38%, But Misses With Flat EPS Of $0.12 Non-GAAP  —  Facebook has just posted its earnings for the quarter that ended March 31, 2013.  Facebook hit $1.46B in revenue up 38% from Q1 2012, beating the street.  However, earnings per shared missed estimates, staying flat at $0.12.
Josh Constine / TechCrunch:
App Install Ads Earned Facebook “Real Revenue” And Helped 3800 Developers Drive 25M Downloads  —  Facebook app install ads were the star of Facebook's earnings call today.  Sheryl Sandberg said 3800 developers used the ads to drive over 25 million installs.
More: CNET
Josh Ong / The Next Web:
Yahoo acquires 4 million user to-do app Astrid, service to continue as is for 90 days  —  Yahoo has acquired the to-do list app Astrid, which will continue running as is for the next 90 days.  —  “Over the next 90 days, Astrid will continue to work as is, and we will no longer be accepting new premium subscriptions.
Eric Slivka / MacRumors:
Apple's Share of Worldwide Tablet Shipments Falls Below 40% in 1Q 2013  —  Research firm IDC today announced its preliminary estimates of worldwide tablet shipments for the first quarter of 2013, finding that Apple's share of the market continues to slide as competitors begin to gain footholds in the market …
Leo Kelion / BBC:
Facebook U-turn after charities criticise decapitation videos  —  Charities warn that watching the video clips could cause long-lasting psychological damage  —  Facebook has said it will delete videos of people being decapitated which had been spread on its site.
Shara Tibken / CNET:
Tumblr CEO says average ad campaign spend tops six figures  —  David Karp also says Tumblr wants to be a place for advertising agencies to “make ads that win awards,” unlike on Twitter, Facebook, and other sites.  —  NEW YORK—Companies now are spending, on average, “north of six figures” …
Jessica E. Lessin / Wall Street Journal:
Tech Poaches Wall Street Talent  —  Silicon Valley is raiding Wall Street.  —  Large and small technology companies, from Square Inc. to Rackspace Hosting Inc., with deep pockets and a pressing need to broaden their workforces are snagging top talent from financial firms.
Tweets: @tjross2411
Maureen Farrell /
Peter Thiel: Twitter will outlast the New York Times  —  Tech visionaries Peter Thiel and Marc Andreessen disagree on the promise of Twitter, but both see a relatively long lifespan for the social media firm.  At least in Internet years.  —  In a debate with Andreessen …
Miguel Helft / Fortune:
Lenovo-IBM talks over server business break down  —  Valuation concerns have scuttled negotiations, according to a person familiar with the talks.  —  FORTUNE — Negotiations between Lenovo and IBM over a multi-billion dollar deal under which Lenovo would acquire parts of IBM's server business …
David Talbot / MIT Technology Review:
African Bus Routes Redrawn Using Cell-Phone Data  —  The largest-ever release of mobile-phone data yields a model for fixing bus routes.  —  WHY IT MATTERS  —  Traffic is a major drain on productivity.  —  Route cause: A user interface of IBM's cell-phone-data-driven traffic model shows …
Mary Jo Foley / ZDNet:
Microsoft readies ‘Mohoro’ Windows desktop as a service  —  Summary: Microsoft is believed to be building a Windows Azure-hosted desktop virtualization service that could be available on a pay-per-use basis.  —  In yet another example of its growing emphasis on remaking itself as a devices …
Kara Swisher / AllThingsD:
Former Homestead Founder Returns to SV Curious — And With $7.5 Million in Funding  —  Justin Kitch — the founder and CEO of Web 1.0's Homestead small-business site that was sold to Intuit in 2007 — is returning with Curious, a lifelong learning startup aimed at connecting teachers and students on …

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