"Everything wrong with Facebook, from its ham-fisted approach to privacy, to the underwhelming quality of Facebook friendship, stems from the fact that Facebook models human relations on what Mark Zuckerberg calls 'The social graph.'"
During Tim Cook’s senate testimony yesterday, the CEO talked about Apple’s proposed Mac-in-USA computer line. According to Cook the products will be assembled in Texas and the company has already invested $100 million in the product line. [Source: AllThingsD]
After Sprint decided to revise its bid to acquire a 50% stake in Clearwire yesterday at the eleventh hour, Clearwire decided to recess until May 30 to mull it over. Now it’s being reported that Clearwire’s board of directors has approved it, and recommends that the stockholders follow suit. [Source: GlobalNewswire]
Seattle-based startup Nine by Blue, founded by well-known entrepreneur Vanessa Fox, has sold to Virginia-based search marketing firm RKG. All six Nine by Blue employees will join RKG, and Fox will serve as chief product office. [Source: GeekWire]
Content delivery startup EdgeCast launched a new program today called EdgeCast Transact. Transact claims to be a CDN with features tailored for e-commerce companies. [Source: TechCrunch]
In what one former employee is calling an “utter freefall”, HTC executives continue to publicly quit the company. After many examples of internal and external problems, including the failure of the HTC First handset, many see a pessimistic outlook for the company. [Source: CNET]
Earlier today, Crain’s cited a PrivCo report stating that Union Square Ventures got a 5000% return on its Tumblr investment. It also said that employees #31 through #178 received $371,000 apiece. But in a comment on a Hacker News post, Union Square Ventures’ Fred Wilson calls the numbers “total garbage.” [Source: Hacker News via ShortFormBlog]
Earlier today, there were reports that Ferrero, the makers of the delicious chocolate hazelnut spread Nutella, sent a cease-and-desist order to one of its biggest fans because she had the audacity to throw a World Nutella Day event. The company, realizing it’s usually not a good idea to sue your biggest fans, has now worked out an arrangement where World Nutella Day can exist without threat of litigation. [Source: Techdirt]
A YouTube user named Nick Keck uploaded a video of himself locating supposedly “deleted” Snapchat photos sent to him. Did he need sophisticated software or hacking skills? Nope, just an app called iFile and a smartphone. [Source: Nick Keck via Motherboard]
Developer and Scrollkit founder Cody Brown created a “replica” of Snow Fall along with a video to show other news organizations how making something like it perhaps isn’t as difficult as it looks. The New York Times wasn’t pleased, sending a cease-and-desist letter followed by (and this is the ridiculous part) a second letter asking that Brown remove the following phrase from his website: “The NYT spent hundreads of hours hand-coding ‘Snow Fall.; We made a replica in an hour.” [Source: Cody Brown]
Shashi Seth, a former top product executive at Yahoo, has joined the Tribune Company as president of digital ventures. He will be based in Silicon Valley and report to CEO Peter Liguori. [Source: AllThingsD]
New York City officials originally asked Nigel Warren to pay $7,000 for violating a law that makes it illegal for New York residents to rent out their properties for less than 29 days. A judge dismissed building and zoning code violations, and so lowered the fine to $2,400. [Source: CNET]
The Raleigh, North Carolina-based social network specializes in photo sharing for wedding pictures. Participants in the funding round include former Redhat CEO Bob Young and Reverbnation co-founder Jed Carlson. [Source: The Next Web]
Weeks after a massively successful auction for a cup of coffee with Tim Cook, Charity Buzz is now aiming right at the heart of Silicon Valley. Up for auction is the chance for people to pitch their favorite VC, with a VC all-stars lineup including like Tim Draper. [Source: VentureBeat]
Venture-backed Amprius revealed today that it has developed a battery for smartphones and tablets that can hold a charge for 25% longer than any other battery out there. The company will be providing the new batteries to unnamed smartphone and tablet OEMs. [Source: GigaOm]
The Internet Archive is working on a project to collect and index all broadcasts since the beginning of television. To help with this, the John S. and James L. Knight Foundation have donated $1 million. [Source: paidContent]
Today marks the reveal of Microsoft’s latest gaming console, the XBox One. At the unveiling, Microsoft disclosed that due to a different chip architecture the One won’t have native compatibility with XBox 360 games. [Source: CNET]
PayPal and Jamba Juice are expanding their partnership with a new mobile feature. Now customers can place orders on their phones and pay with PayPal ahead of pickup. [Source: AllThingsD]
France Telecom has disclosed its plans to invest up to 50 million euros in its video-sharing website Dailymotion. While rumors of Yahoo buying a stake in the company persist, France Tel claims “the door is not closed.” [Source: Reuters]
Bitcoin is legal, but mainstream adoption will mandate playing by the rules
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How to become a VC without leaving home
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Zinio’s new subscription product only solves half a problem
Facebook ponders its place in the Internet of Things
The Apathy Epidemic: Why your startup will suck you dry
You are your data: The scary future of the quantified self movement
The new Flickr: Biggr, Spectaculr, Wherevr
Yahoo didn’t buy Tumblr. They bought Tumblr’s market position
Google closes Checkout, pushing thousands of merchants into Braintree’s arms
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Sorry, NYC, Tumblr selling to Yahoo was not the “win” we needed
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Writers should be paid
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NextGuide Web launches. Can it possibly be a discovery powerhouse?
Minbox: The way file-sharing should work
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Yahoo buys Tumblr and Mayer “promises not to screw it up” like past deals
Forget armchair activism, new app Buycott helps people shop with a conscience
PopExpert raises $2 million for its video teaching marketplace
The race to a “smart” television is over. Xbox won
In biggest pan-industry push since SOPA, tech leaders get set for March for Innovation
The importance of grit, rules, and discipline
In Oklahoma’s time of crisis, Sparkrelief is working to unify relief efforts
Memo to this year’s YC class: It’s damn hard to build an enterprise company
What are the effects of RelayRides’ New York cease and desist?
Finally, a Lumia-like device unbound by Windows Phone
How a Valley veteran found happiness and opportunity building tech in Mexico
Yes, the Valley can be vacuous – but it’s more complicated than the New Yorker would have us believe
The case against Shinichi Mochizuki as bitcoin’s “dance away genius”
Swipely raises another $12m from tiny Rhode Island
Is influencer marketing over? Here’s another pivot, this time from Wahooly
ServiceMax’s SaaS platform could make training technicians and replacing software a thing of the past
