T-Mobile is shedding employees faster than a dog in summer. The company has announced today that it is getting rid of 350 jobs, net total. However, over 900 will be fired, while at the same time over 500 will be hired for new positions.

[Source: The Verge]

While you can go ahead and buy the ebook we published this week, Buy This Book Before You Buy Facebook: A PandoDaily Expert Guide to the Internet’s Biggest IPO, you also now have the opportunity to read an excerpt of another chapter today. The Huffington Post has published an excerpt from the section written by Jason Kincaid, on the growth of Facebook as a product from its earliest days.

[Source: Huffington Post]

VeriFone recently launched it credit card reader for smartphones, calling it “Sail”. To use Sail, users must agree to a standard terms of service agreement. Apparently, the language was so standard that VeriFone seemingly just copied the Terms of Service from Square’s credit card reader, and asked users to agree to the same set. While VeriFone makes it sound like an inadvertent error and has corrected the mistake, Square is claiming copyright infringement.

[Source: The Verge]

Sprint CEO Dan Hesse has shared some less-than-stellar news on the money side of the business. Apparently, the company won’t see a profit from its massive multi-billion dollar iPhone investment until 2015. Hesse says it will be “quite profitable”, just not…now.

[Source: ATD]

The Department of Justice issued its official opinion today on whether or not it should be legal for citizens to record police officers, in a letter to the Baltimore police. The final opinion of the DoJ is that it should be legal, but that it only applies to police officers in uniform. This news follows many lawsuits across the country where people were arrested for recording police officers in the course of their duties.

[Source: The Verge]

According to a filing with the SEC, Palantir Technologies has raised $56 million in funding. This round is smaller than the company’s previous round which was north of $70 million. No official word or announcement from the company on why the round was raised, or why it was this size. (Full disclosure: Peter Thiel cofounded the company, he is an investor in PandoDaily)

[Source: SEC]

Who doesn’t love sleepovers? Who doesn’t love hackathons? Well, as is Facebook tradition, they will be having a company wide Hackathon Thursday night, the day before the long awaited Facebook IPO. [Source: TC]

Great news for anyone using Sprint. Google Play has been available for carrier billing on T-Mobile and AT&T for a while and they recently increased their offering by allowing for books, music, and movies to be charged on phone bills. Today Sprint announced that their users will be able to use this carrier billing feature. Verizon Wireless is the only carrier that has not jumped on the bandwagon. [Source: The Verge]

Who wants a bigger iPhone screen? Well, The Wall Street Journal is reporting that Apple may be ordering screens that are 4 inches, as opposed to 3.5 inches. Apple is supposedly ordering these screens from Asian suppliers and is expected to start production of these iPhones next month. There is speculation as to the reason for this, but, it may be to compete with Samsung who has always had larger screens than that of the iPhone. [Source: TUAW]