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Groupon Sales Miss Estimates as Online Deal Demand Dims (Bloomberg Businessweek)
Groupon Inc. (G5N) shares lost a fifth of their value after the largest daily-deal website reported second-quarter revenue that missed estimates as economic weakness in Europe curbed online coupon sales. The Washington Post Although the online deals site beat Wall Street's profit estimates in the latest quarter, its stock fell sharply because of the dual concerns about growth. Reuters Groupon shares slumped after the results, plummeting almost 70 percent from where they priced in a huge initial public offering last November. WSJ As investors digested the results, which came after the close of regular trading, a selloff in Groupon's shares accelerated. NYT Andrew Mason, Groupon's chief executive, put a positive spin on his company's prospects. "It was a solid quarter," he said in a conference call with Wall Street analysts. Chicago Sun-Times Slower growth creates uncertainty about the stock price and raises the specter of "deal fatigue," a suspicion that people have grown tired of Groupon's offers inundating their e-mail in-boxes. SocialTimes Are depressing headlines affecting worker morale?
Google Searches for Local Edge With Guidebook Deal (Reuters)
Google's purchase of Frommer's looks like a smart way to further its push into the booming local online advertising market, building on last year's purchase of Zagat, the dining curator. The Guardian Google will pay an undisclosed sum for the Frommer's brand, which launched in 1957 when Arthur Frommer published his Europe on 5 Dollars a Day guidebook. The Washington Post Analysts say Frommer's is a natural fit for Google as it seeks to expand its original content offerings -- an effort that has raised antitrust concerns in the past. Los Angeles Times With the acquisition of Frommer's, another marquee name in travel, Google moves closer to its goal of providing critiques of every hotel, restaurant and hot spot on Earth.
Apple: More Than $8 Billion of Samsung's US Sales Involved Patent Breaches (The Guardian)
Apple is claiming that more than a quarter of Samsung's $30.4 billion in US smartphone and tablet sales result from copying of the iPhone and iPad or infringe on other patents, a damages expert for the US company said on Monday. WSJ Witnesses called by Apple in the closely watched patent case described new details of private negotiations in 2010 between the rival smartphone makers, after top Apple officials concluded that Samsung's Galaxy S phone copied Apple iPhone designs. Reuters The Silicon Valley company is demanding up to $2.75 billion of damages from its Korean rival, which includes profits lost to infringing Samsung gadgets.
Rumor: Apple To Begin iPhone 5 Pre-orders On Sept. 12 (AppNewser)
In the latest iPhone 5 rumor that we have seen reported, Apple is planning to announce the iPhone 5 on Sept. 12 and will begin taking orders for the device the same day. Los Angeles Times / TechNow Though the sixth-generation iPhone likely won't launch or get to customers until Sept. 21, the new report says there will hardly be any gap between the phone's unveiling and the start of pre-orders.
Facebook Accused of Deceiving Developers Over Security (The Guardian)
Facebook has been accused of deceiving developers after it emerged that the social networking site did nothing to verify the security of applications it was paid tens of thousands of dollars to review, and which it assured users had been checked. NBC News / Technolog The "Verified Apps" program ran for about eight months in 2009, billed as a way for app developers to get better placement in the network's app directory while also receiving a more thorough examination for possible security problems.
Helen Gurley Brown, Iconic Editor, Dead at 90 (FishbowlNY)
Helen Gurley Brown, the legendary editor-in-chief of Cosmopolitan magazines, died yesterday at New York-Presbyterian/Columbia University Medical Center. NYT As Cosmopolitan's editor from 1965 until 1997, Brown was widely credited with being the first to introduce frank discussions of sex into magazines for women. WSJ / AP Before there was Sex and the City, there was Sex and the Single Girl. And before there was Carrie Bradshaw, there was Helen Gurley Brown.
With Ryan Comes Spark in Journalistic Tone (FishbowlDC)
Journalists were as invested as anyone in Mitt Romney's VP pick. After all, they're the ones stuck covering these two for the next three-plus months. Pawlenty and Portman: Boring with two capital P's. But Paul Ryan? He puts a spring in their step. CNN / Tech As presumptive Republican presidential nominee Mitt Romney introduced his new running mate Paul Ryan to a cheering crowd in Norfolk, Va., the social media universe got busy hitting "send."
Newsroom Responses to Zakaria Plagiarism Reveal Lack of Consistency, Transparency (Poynter)
The Fareed Zakaria plagiarism scandal has an interesting unintended consequence: it highlights how media outlets respond differently to plagiarism and fabrication cases.
Live Broadcast: Why The Huffington Post and Boston.com are Getting Into Streaming Media (Nieman Journalism Lab)
Can a news site become a TV network? Or a radio station? Or if it can't become one, can it at least grow to include one?
Should Rich Kids Be Grounded From Social Networking? (Forbes / ForbesWoman)
This week, amid reports that $15.9 billion man Michael Dell had daughter Alexa Dell's Twitter account deactivated over security distress, I'm grappling with my own concern: should the very privileged rich be barred from social networking for their own good? New York Post Alexa Dell, the 18-year-old daughter of the Dell Computer founder, posted private family details to the world on Twitter and Facebook before her dad's horrified security team could flag it and take it down.
Official Olympics Numbers: Online Engagement Was Mostly Mobile (PaidContent)
Now that the Olympic Games is over, Alex Balfour, the Cricinfo co-founder who has spent the last six years as head of London 2012 new media, has compiled these slideshow stats summarizing engagement through with the local organizing committee's 77 digital products. AllFacebook Now that the closing ceremonies of the Summer Olympic Games in London have finished, it's time to look at the winners -- not on the track or in the pool, but on Facebook.
Some Universities Require Students to Use e-Textbooks (USA Today / Tech)
Students don't seem to want to buy e-textbooks. So some schools are simply forcing them.
Facebook Says It Now Has 235 Million Monthly Gamers, App Center Hits 150 Million Monthly Visitors (TechCrunch)
Facebook's push for more engagement on its platform, to drive advertising and other monetization efforts (and to counterbalance that drooping stock price), is showing some gains, according to updated figures on both games and app usage released by the company today.
Saving CNN: Late Night and Reality Shows in Works at News Channel (New York Post)
Suffering its worst ratings in 20 years, CNN is going Hollywood. HuffPost Citing documents, the tabloid wrote that executives have been talking to Hollywood agencies and producers, mulling a late-night talk show in the style of "The View," a slew of reality programming on weekends, and searching for hosts from outside the normal TV news arenas.
Fashion Apps Pinterize the Real World To Drive In-Store Sales (GigaOm)
Pinterest, Fancy and plenty of other websites help shoppers find deals and inspiration for clothing they can buy online, but some early startups are developing mobile apps that encourage shoppers to make their fashion purchases in stores.