Fortune's curated selection of tech stories from the last 24 hours. Sign up to get the round-up delivered to you each and every day.
* Off-broadway performer Mike Daisey took to his blog in response to mounting criticism that he "partially fabricated" his observations of Foxconn iPad factories. "In the last forty-eight hours I have been equated with Stephen Glass, James Frey, and Greg Mortenson," he wrote. "Given the tenor of the condemnation, you would think I had concocted an elaborate, fanciful universe filled with furnaces in which babies are burned to make iPhone components, or that I never went to China, never stood outside the gates of Foxconn, never pretended to be a businessman to get inside of factories, never spoke to any workers." (Mike Daisey's blog)
Apple CEO Tim Cook.
* Yesterday, was the day Apple (AAPL) overtly began behaving like other companies when it took the normal step of issuing a dividend and initiating a stock buyback program. (Fortune)
* Apple sold more than 3 million new iPads in nearly 4 days. (Fortune)
* Mark Zuckerberg is more focused on Facebook, the service, rather than Facebook, the monster IPO. (The Wall Street Journal)
* Zynga (ZNGA) is reportedly in talks to buy OMGPOP, the developer behind the app Draw Something. (TechCrunch)
* Amazon (AMZN) has acquired Kiva Systems, which offers automation technology in distribution centers, for $775 million. The e-commerce giant added 17 new distribution centers last year alone. (All Things D)
* DEPARTURES: Chris Blizzard, Mozilla's director of web platform, is leaving for an unspecified startup. Esteemed Yahoo researcher Raghu Ramakrishnan, author of "Database Management Systems," is leaving for Microsoft (MSFT). (CNET)
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Fortune's curated selection of tech stories from the weekend. Sign up to get the round-up delivered to you each and every day.
* Apple (AAPL) is holding a conference call later this morning to discuss what the company intends to do with its roughly $100 billion in cash. (Fortune)
* Late last week, the highly-respected radio show This American Life announced it was retracting an episode it aired about a Foxconn iPad factory because one source, off-Broadway performer MORE
JP Mangalindan, Writer-Reporter - Mar 19, 2012 3:30 AM ET
Fortune's curated selection of tech stories from the last 24 hours. Sign up to get the round-up delivered to you each and every day.
* Digg founder Kevin Rose and the rest of his team from the mobile app incubator Milk are joining Google (GOOG). The move comes after the news that Milk was shutting down its one and only app, Oink. (AllThingsD)
* PayPal unveiled its new credit card reader and app, which will enter MORE
JP Mangalindan, Writer-Reporter - Mar 16, 2012 6:30 AM ET
Fortune's curated selection of tech stories from the last 24 hours. Sign up to get the round-up delivered to you each and every day.
"My last three months working for Google was a whirlwind of desperation. The Google I was passionate about was a technology company that empowered its employees to innovate. The Google I left was an advertising company with a single corporate-mandated focus." -- Ex-Google employee James Whittaker (CNNMoney)
* The first crop MORE
JP Mangalindan, Writer-Reporter - Mar 15, 2012 6:30 AM ET
Fortune's curated selection of tech stories from the last 24 hours. Sign up to get the round-up delivered to you each and every day.
* Yahoo (YHOO) slapped Facebook with a 19-page lawsuit over 10 patents covering a wide area, from advertising to messaging. Among the allegations: Facebook essentially ripped off its social networking technology, including the now-popular News Feed. (AllThingsD)
* Intel (INTC) is developing an Internet-based TV service that would be aimed at U.S. customers. MORE
JP Mangalindan, Writer-Reporter - Mar 13, 2012 11:26 AM ET
Fortune's curated selection of tech stories from the weekend. Sign up to get the round-up delivered to you each and every day.
* Instagram reported that it now has 27 million registered users."It's Facebook-level engagement that we're seeing," co-founder Kevin Systrom said at South by Southwest over the weekend. Also, the long-awaited Android version is coming very soon. According to Systrom, it will be better in some ways than the current iPhone version. (Mashable)
* Mega investor MORE
JP Mangalindan, Writer-Reporter - Mar 12, 2012 5:30 AM ET
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* Popular photo-sharing app Instagram may soon raise a new round of funding valuing the startup at up to $500 million. (The Wall Street Journal)
* A profile of Hector Xavier Monsegur, aka "Sabu." The online figure led a group of "hacktivists," and then when caught, contributed to their capture by becoming MORE
JP Mangalindan, Writer-Reporter - Mar 9, 2012 1:53 AM ET
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"Why are we arguing? Of course we're in a post-PC world." - Ex Microsoft chief software architect Ray Ozzie (CNET)
* Apple (AAPL) unveiled the latest iPad, simply called the "iPad." (No number in the name this time.) The newest tablet packs a sharp 2,048 by 1,536 resolution Retina Display with MORE
JP Mangalindan, Writer-Reporter - Mar 8, 2012 11:48 AM ET
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"We have to turn ourselves into the OS of music ... We are in the middle of a transformation from being an app ourselves to being a platform." -- Sten Garmark, Spotify's director of platform (The Guardian)
* The day many iPad adopters have been waiting for (or dreading) is MORE
JP Mangalindan, Writer-Reporter - Mar 7, 2012 8:59 AM ET
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* According to All Things D, thousands of Yahoo (YHOO) employees will likely get laid off as CEO Scott Thompson gets ready to restructure the struggling Internet company. Divisions that may get hit include public relations and marketing, research, and local efforts. (All Things D)
* IBM's (IBM) stock hit an all-time high MORE
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| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 9.53 | -0.27 | -2.76% |
| Sprint Nextel Corp | 2.76 | -0.13 | -4.50% |
| Citigroup Inc | 37.17 | 0.48 | 1.31% |
| Ford Motor Co | 12.63 | 0.12 | 0.96% |
| Regions Financial Co... | 6.35 | -0.06 | -0.94% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 13,239.13 | 6.51 | 0.05% |
| Nasdaq | 3,078.32 | 23.06 | 0.75% |
| S&P; 500 | 1,409.75 | 5.58 | 0.40% |
| Treasuries | 2.34 | -0.04 | -1.77% |
| Google nabs Digg founder to boost Google+ | ||
| Stocks: Housing in focus | ||
| Internet accounts for 4.7% of U.S. economy | ||
| House GOP budget chief aims at tax code | ||
| Prenups aren't just for married couples anymore |