Tech News Today 567
Recorded: August 17, 2012
Published: August 17, 2012
Tech News Today 567: Werther's RT
Twitter's API changes, Square's monthly fees for merchants, Venmo's joining the Braintree, and more.
- Sarah Lane
- Iyaz Akhtar
- Jason Howell
- Darren Kitchen
- Facebook's stock hit a record low yesterday, falling below $20 a share on the same day some early investors were allowed to sell some or all of their stakes. More than 271M Facebook shares became eligible for sale because of the lockout lift .Facebook declined $1.33 to $19.87 on the Nasdaq Stock Market at 4 p.m. Thursday, after hitting a record intraday low of $19.69. The prior closing low of $20.04 was hit Aug. 2.
- Small business companies, Square wants your business. Square just launched a new option for businesses that do $250,000 worth of transactions or lower. Those businesses can pay a flat rate of $275 per month and pay nothing per transaction. Square normally charges a rate of 2.75% per transaction. If a business goes over the $250k limit, then the first dollar is charged at Square's regular rate.
- Twitter announced some API changes and boy did it ruffle some feathers. One of the most controversial changes is a new limit on third-party Twitter clients. Third-party apps now must impose a 100,000-user limit on Twitter client software. Apps that are currently in existence will be capped at double their current user base as of yesterday.
- Braintree, a payments company that supplies technology to process credit card transactions on mobile services has bought Venmo, a PayPal competitor start-up that has let friends send and receive money from each other since 2009. Venmo sold for $26.2M. It processes around $10M in payments monthly, and says it has seen 30% growth month over month.
- Let's check in with Apple v. Samsung. After receiving 75 pages of briefings for people who won't be testifying, Judge Lucy Koh asked if Apple's attorney was "smoking crack." The attorney said he wasn't. The case is almost finished, btw. Samsung has rested its case after asking for $421.8 million in royalties.
- Microsoft is now publishing apps to the Windows Phone store after correcting a bug with digital certificates. The bug affected Windows Phone 7.5 and several apps published fairly recently. Microsoft says the fix will take a day or two to fully deploy.
- Lenovo can claim it's the world’s second-biggest maker of personal computers, and now also says new devices running Windows RT software will cost $200 to $300 less than similar products running Windows 8. Microsoft will release both this October, with Windows 8 powered by chips from Intel and AMD, and Windows RT powered by ARM based chips, the dominant chipset in mobile phones.
- According to security researcher pod2g, there's a flaw in all iPhones that allows for SMS spoofing. The "reply to" number would be spoofed which could allow the recipient of the SMS to reply to a different number than intended. pod2g says the flaw is present in ALL versions of iOS including iOS 6 beta 4.
- Yesterday it was all about Google Play Store gift cards and wishlists getting ready for launch, and today Google has flipped on the smart app updates! Announced at Google I/O back in June, smart app updates, when enabled, solve the issue of large apps and slow connections, by sending only the incremental difference between the old and new APKs, over the series of pipes known as the information superhighway.
- Yahoo's looking for a new top executive! No, Marissa Mayer isn't on her way out - AllThingsD reports that Yahoo is looking for a new Chief Operating Officer after Ross Levinsohn left. Yahoo wants the new COO to have experience with turnaround companies. AllThingsD also reports that Mayer may or may not be on board with this search as she may be looking to change the management structure at Yahoo to something that resembles Google's.
- Restaurant offers a 5% discount to eat without your phone
- Happy Birthday to the CD! IT'S 30!
- Samsung’s Black Galaxy S III Said To Launch In October With 64GB Of Storage
Hey Dynamite Department,
You guys are forgetting one important thing about the rumored Apple set-top cable box: Such a box would undoubtedly be smaller than existing cable boxes. Have you seen most cable boxes? They're ridiculously big! I used to have a Scientific Atlanta non-DVR cable box attached to a 13-inch, 1997-vintage TV in my bedroom. Because there wasn't much space to work with, I had the cable box sitting on top of the TV. It barely fit on there, and generally looked downright ridiculous. Cable boxes with built-in DVRs are even bigger and uglier than that. Also, I've read that cable boxes in general tend to be underpowered to keep costs as low as possible, often making channel changing agonizingly slow.
The sad thing is, most of the cable box I had was empty space -- all the functionality could easily fit into something about the size of the current Apple TV. So if Apple wants to get into the cable set-top box market, I'm all for it. In fact, it seems to be a market in need of a major shakeup -- something Apple is pretty good at.
Hey TNT Crew,
While not mockbusters, I've spent a number of years making some pretty awful movies (many of which are currently on Netflix). I highly doubt that Netflix is responsible for any hypothetical rise in production. Netflix deals are nice, but it's kind of the video equivalent of a 3rd run theater. At the low end, nobody's making enough money off of a Netflix sale to justify producing anything. These movies are being made for TV & VOD and are simply being seen a lot on Netflix because other content is disappearing off of the service.
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