May 2, 2013, 4:25 AM

Top News

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:
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.
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.
Will Connors / Wall Street Journal:
Pentagon Expected to Embrace Apple, Samsung Devices  —  Samsung Electronics Co. and Apple Inc. are bringing the smartphone wars to the Pentagon.  —  The Department of Defense is expected in coming weeks to grant two separate, security approvals for Samsung's Galaxy smartphones …
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.
Kevin Poulsen / Wired:
Use a Software Bug to Win Video Poker?  That's a Federal Hacking Case  —  two engineers from Nevada's Gaming Control Board showed up at the Silverton Casino Lodge.  The off-the-strip South Las Vegas casino is best known for its mermaid aquarium, but the GCB geek squad wasn't there to see swimmers in bikini tops and zip-on fish tails.
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 …
Leena Rao / TechCrunch:
Readying For An IPO, Peer-To-Peer Lending Marketplace Lending Club Raises $125M From Google And Others At $1.6B Valuation  —  Peer-to-peer lending platform Lending Club is announcing a huge new investor today: Google.  Google and existing investor Foundation Capital have put $125 million in Lending Club …
Sakthi Prasad / Reuters:
Lehman Brothers sues Intel over $1 billion in seized collateral  —  (Reuters) - Bankrupt investment bank Lehman Brothers has sued Intel Corp, accusing the chip maker of seizing $1 billion in collateral in breach of a swap agreement, a court filing showed.  —  Under the swap agreement …
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
Amir Efrati / Wall Street Journal:
YouTube Touts Viewer Growth to Advertisers  —  Google Inc.'s YouTube on Wednesday made its latest pitch to advertisers, saying they should “follow the audience.”  —  More than one billion unique visitors watch more than six billion hours of YouTube videos a month, up from about four billion hours …
More: GigaOM
Mike Shields / Adweek:
AOL Unveils 15 Fall Shows in an Aggressive Push for TV Dollars  —  The NewFronts award for boldest attempt to really take on TV goes to: AOL.  At least so far.  —  The Web portal has lined up big names and even bolder claims as it attempts to get advertisers to consider its original shows up against the likes of ABC and Fox.
Roger Yu / USA Today:
Sprint bids: Dish's Ergen swings back at Softbank's Son  —  The high-stakes bidding war for control of the third-largest U.S. wireless carrier is turning into a heated verbal joust.  —  In an interview with USA TODAY on Wednesday, Dish Network Chairman Charlie Ergen swung back at Japan's SoftBank …
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.
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 …
Ingrid Lunden / TechCrunch:
Senator Charles Schumer Targets Patent Trolls, Wants USPTO To Review Infringement Suits Before They Head To Court  —  Companies like Google, BlackBerry, Earthlink, Red Hat, and others in the tech community, have been piling pressure on the U.S. government to take a stronger stand against companies …
More: PC World and Techdirt

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