Techmeme
November 7, 2013, 12:55 PM

Top News

Ingrid Lunden / TechCrunch:
Twitter begins trading, surges more than 74% to $45 per share  —  Twitter Flies On Its First Day As A Public Company: Shares Pop 74% On First Trades, Debuts At $45.10 And $31.8B Valuation  —  From a humble beginning as a failing podcast startup to an online conversation service now used …
Dan Primack / Fortune:
Twitter leaves more than $1 billion on the table  —  Twitter made a ton of money from its IPO, but its bankers got the better deal.  —  FORTUNE — Twitter began trading this morning at $45.10 per share, after pricing its IPO last night at $26 per share.  Or, put another way, Twitter (TWTR) left more than $1.3 billion on the table.
Yoree Koh / Wall Street Journal:
The Architect Behind Twitter's IPO … The architect of Twitter Inc.'s initial public offering is a 42-year-old finance whiz with a knack for finding calm amid chaos.  —  For four months, Twitter Chief Financial Officer Mike Gupta steered the social-media company through the IPO process …
More: CNBCTweets: @hunterwalk, @wsj and @yoreekoh
DealBook:
Live Blog: Tracking Twitter's I.P.O.  —  Twitter begins life as a public company on Thursday, and DealBook will be following the first day of trading as it happens.  —  The social media service, which began as a side project at a podcasting company in 2006, priced its shares at $26 on Wednesday night …
Mark Gurman / 9to5Mac:
Apple Stores to soon offer iPhone 5s & 5c screen replacements, other repairs  —  Apple is gearing up to soon begin hardware repairs for the iPhone 5s and iPhone 5c in its chain of retail stores, according to sources with knowledge of the upcoming initiative.
Charlie Savage / New York Times:
C.I.A. Is Said to Pay AT&T for Call Data  —  WASHINGTON — The C.I.A. is paying AT&T more than $10 million a year to assist with overseas counterterrorism investigations by exploiting the company's vast database of phone records, which includes Americans' international calls, according to government officials.
Frederic Lardinois / TechCrunch:
Microsoft Updates Office 365, Brings Real-Time Collaboration To Free Office Web Apps  —  It's been six months since Microsoft launched Office 365, its subscription-based version of Office for businesses and consumers.  Over 2 million consumers now subscribe to Office 365 Home Premium …
David Ruddock / Android Police:
Verizon: Google, Asus Have Opted To Wait Until Nexus 7 Gets KitKat To Certify For Use On Network, “Systems Issue” With 4.3 To Blame  —  We've received an official statement from Verizon on the ongoing Nexus 7 LTE / Verizon saga, a story that has gone silent in the months since Verizon promised …
Douglas MacMillan / Digits:
Square Exploring 2014 IPO With Banks  —  Technology entrepreneur Jack Dorsey is trying to pull off two high-profile initial public offerings in the span of one year.  —  Square Inc., the payments startup with a square credit-card reader that plugs into Apple and Android-based mobile devices …
Reuters:
China military hackers persist despite being outed by U.S.: report  —  (Reuters) - The disclosure early this year of a secretive Chinese military unit believed to be behind a series of hacking attacks has failed to halt the cyber intrusions, a U.S. computer security company and congressional advisory panel said on Wednesday.
Janko Roettgers / Gigaom:
Autodesk invests $10 million in Deviantart  —  Autodesk has invested $10 million in the Los Angeles-based digital art community Deviantart.  Word about the investment first got out in September, but an SEC filing now adds further details, showing that Autodesk invested a total of $10.04 million in the company.
More: VCPOST and VentureBeat
Brian Heater / Engadget:
Amazon Kindle Fire HDX review (8.9-inch): a high-end tablet at a mid-range price  —  It's worth noting just how far Amazon has come since the early days of the Fire line.  With the first generation, it was tough to see the tablet as anything more than a content-delivery device designed to keep users locked into the Kindle ecosystem.
Ellen Nakashima / Washington Post:
U.S. weighs proposal to end dual leadership role at NSA, Cyber Command  —  The Obama administration is considering ending a controversial policy that since 2010 has placed one military official at the head of both the nation's largest spy agency and its cyber-operations command, U.S. officials said.
More: The SwitchTweets: @miekeeoyang and @washingtonpost
Joe Mullin / Ars Technica:
Prominent VCs join the fight in Congress to stop patent trolls  —  VCs say it's harder for startups to survive with patent trolls waiting in the wings to make a quick buck.  —  startuppg  —  The first comprehensive anti-patent-troll bill was introduced in Congress last week, with bipartisan support.
Tweets: @joemullin
Justin Bachman / Businessweek:
Blockbuster's Death Scene Won't End the Video Rental Store  —  The long-foretold death of the video rental shop—all but sealed Wednesday with news that Blockbuster will shut its last 300 stores in the U.S.—can be read as a wistful moment for retail nostalgics or a proud triumph of digital simplicity.

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