Techmeme
July 25, 2013, 12:15 PM

Top News

Wall Street Journal:
Apple's Secret Weapon: the iPhone 4  —  Three-Year-Old Smartphone Propels Company's Sales in Price-Conscious Markets  —  Apple Inc. is known for drawing crowds with its latest and greatest technology.  But one of its most potent weapons in some markets came out three years ago.
Erica Ogg / GigaOM:
Six years later, how Apple keeps the iPhone chugging along  —  Between March and June, Apple's iPad shipments dipped 14 percent.  The Mac is dropping along with the rest of the PC industry, and the iPod has declined so much it barely merits a mention from the company anymore.
Steve Kovach / Business Insider:
Facebook Stock Opens Up 26% After Last Night's Big Earnings Beat  —  Facebook's stock is up 31% in off-hours trading as of this writing following a glowing earnings report from the company yesterday.  —  Most importantly, Facebook showed significant revenue growth in mobile ads …
More: Digits
Mike Isaac / AllThingsD:
Facebook:
Ben Gilbert / Engadget:
Microsoft to allow indie self-publishing on Xbox One, retail consoles will double as debug units (updated)  —  Microsoft's Xbox One is getting decidedly more indie-friendly with today's confirmation from Microsoft that its forthcoming game console will double as a developer debug unit.
Ilya Khrennikov / Bloomberg:
Yandex Co-Founder Ilya Segalovich on Life Support  —  Yandex NV (YNDX), Russia's largest search engine, said co-founder and Chief Technology Officer Ilya Segalovich suddenly died at age 48.  —  “Mr. Segalovich had been diagnosed with a treatable form of cancer and was responding well to treatment …
Rebecca Grant / VentureBeat:
The six most memorable startups from 500 Startups sixth class  —  MOUNTAIN VIEW, CALIF — The always-entertaining Dave McClure kicked off the 500 Startups Demo Day today with a video about Sharknado, otherwise known as “the best worst movie ever.”  —  “We hope our startups go as viral as Sharknado did,” McClure said.
Andy Greenberg / Forbes:
Hackers Reveal Nasty New Car Attacks—With Me Behind The Wheel (Video)  —  Stomping on the brakes of a 3,500-pound Ford Escape that refuses to stop-or even slow down-produces a unique feeling of anxiety.  In this case it also produces a deep groaning sound, like an angry water buffalo bellowing somewhere under the SUV's chassis.
More: SC Magazine.  Tweets: @pkafka
Liz Gannes / AllThingsD:
Fast Car: Uber Funding Auction Could Reach a $3.5B Valuation  —  Uber, the ride-logistics startup, could be valued at up to $3.5 billion in a new funding round led by TPG Capital, said multiple sources close to the discussions, which are ongoing but advanced.  We had first reported that Uber was seeking the round in June.
Wall Street Journal:
Big Companies Mine Silicon Valley's Culture  —  By - RACHAEL KING and - STEVEN ROSENBUSH  —  In roughly the past two years, Target Corp., General Electric Co., Ford Motor Co., Johnson & Johnson and other big companies have opened outposts in or near Silicon Valley in search of ideas …
Donna Cassata / Associated Press:
House Narrowly Rejects Effort To Halt NSA Program  —  WASHINGTON (AP) — The House has voted to continue the collection of hundreds of millions of Americans' phone records in the fight against terrorism.  The House rejected a measure to end the program's authority.  The vote was 217-205 on Wednesday.
Atul Arora / @atul:

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Earlier Picks

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