Techmeme: Groupon S-1 Reveals Business Model Deteriorating in Oldest Markets (David Sinsky/Yipit Blog)

2:40 PM ET, June 4, 2011

Top Items:

Arnold Kim / MacRumors:

iTunes Leaks ‘Automatic Download’ Over-the-Air Updates in iOS 5 [Updated] — In the days leading to WWDC, Apple's iTunes seems to have leaked a new feature that must be coming in iOS 5. A MacRumors reader discovered (and we verified) that when asking iTunes to check your app library for updates …

Discussion: Engadget, Examiner, CNET News, Ars Technica, Gizmodo, iPhone Download Blog, Redmond Pie, Digital Trends, Tech GadgetX, App Advice, TiPb, AppleInsider, Softpedia News, 9 to 5 Mac, MacStories, Electronista, TUAW and iClarified, Thanks:arnoldkim

Conor Sen / Minyanville:

Groupon is Effectively Insolvent — I'll start by tipping my hat to Andrew Mason. He caught social mood just right, creating a coupon/local/flashmob hybrid business model at the perfect time, and has created the fastest-growing company on a revenue basis in American history.

Discussion: dan shipper, knewton.com, @dondodge and eWeek

David Sinsky / Yipit Blog:

Groupon S-1 Reveals Business Model Deteriorating in Oldest Markets — While no one has ever doubted Groupon's impressive topline growth - the question has always been around the defensibility of a business that has so few barriers to entry. — In its long awaited S-1, it's clear that Groupon has impressive topline growth.

Discussion: Felix Salmon, Brij Singh's Blog, Andrew Chen, Betabeat, Online Marketing Trends, SAI, The Business Insider, Short Logic, GigaOM and Quora, more at Mediagazer », Thanks:yipitdata

Pascal-Emmanuel Gobry / SAI:

That Queasy Feeling You Get Reading The Groupon S-1 Doesn't Come From One Thing But From Everything — There are many things that feel a bit “off” in Groupon's IPO filing. — But the biggest takeaway from the filing, as our boss Nicholas Carlson put it in our SAIcast yesterday …

Gizmodo:

Find Out if Your Sony Pictures Subscriber Information Was Leaked Right Here — Sony's been hacked again, with over a million SonyPictures.com accounts lifted, containing vital personal information like home addresses. Is yours included? We've got an exclusive, easy database to check.

Discussion: Computerworld, Redmond Pie, PC World and L.A. Times Tech Blog, Thanks:paulfallon

pastebin.com:

LulzSec versus FBI Affiliates + Whitehats — Dear Internets, It has come to our unfortunate attention that NATO and our good friend Barrack Osama-Llama 24th-century Obama have recently upped the stakes with regard to hacking. They now treat hacking as an act of war.

Discussion: @kevinmitnick, Boing Boing, Naked Security, Gawker, CNET News, @ioerror, @alfrules, THN, @flexxpoint, @lulzsec, @sacboy916, L.A. Times Tech Blog, @jaraparilla and Slashdot

Chloe Albanesius / PC Magazine:

Sony Pictures Confirms LulzSec Hack as Group Targets FBI — Sony Pictures on Friday confirmed that its Web sites were hacked by a group that identifies itself as LulzSec. — LulzSec, meanwhile, said tonight that it also hacked into FBI-affiliated Web sites.

Discussion: Sony Pictures, New York Times, Softpedia News, Digital Trends, Neowin.net, Infosecurity.US and GamePolitics News

Paul McDougall / InformationWeek:

Exclusive: Microsoft Has Acquisition Deal With Nvidia — Redmond's purchase option automatically kicks in if a third-party offers $3.4 billion or more for tablet chipmaker's shares. — Microsoft and Nvidia have an agreement in place that spells out terms relating to a possible acquisition …

Discussion: Neowin.net, Electronista, Digital Trends, ITProPortal, WinBeta and Slashdot

Erick Schonfeld / TechCrunch:

The Kno Textbook App Hits The iPad — Last night, Kno quietly released its first digital textbook app for the iPad. It includes its own store of “over 70,000 titles at 30% to 50% off list” price. And the app is a full textbook reader. — Kno, whose CEO Osman Rashid previously founded …

Discussion: App Advice

Alexia Tsotsis / TechCrunch:

White-Hot Flickr Alternative 500px Raises $525K In Series A — As the complaints about Flickr continue to pile on, scrappy Toronto-based service 500px continues to grow, going from 1000 users in 2009 to over 85K (around 45K of which have joined in the last three months).

Discussion: @naval and @nivi

David Goldman / CNNMoney.com:

How top U.S. government officials got hacked — The targeted phishing scheme that struck hundreds of top U.S. government officials' personal Gmail accounts was neither difficult to perform nor incredibly sophisticated. The attackers were able to pose as legitimate, trusted senders …

Discussion: New York Times, Thanks:steverubel

Naked Security / Sophos:

Sony Europe hacked by Lebanese hacker... Again — By my count this is unlucky hack number 13 for Sony. A Lebanese hacker known as Idahc dumped another user database at Sony Europe containing approximately 120 usernames, passwords (plain text), mobile phone numbers, work emails and website addresses.

Discussion: Zero Day Blog, AllThingsD, ArabCrunch and Gadgets DNA

Archived Page Info:

This is a snapshot of Techmeme at 2:40 PM ET, June 4, 2011.

View the current page or another snapshot:

Techmeme Sponsor Posts:

Meta:

Open Source AI: Available to all, not just the few — Meta's open source AI enables small businesses, start-ups, students, researchers and more to download and build with our models at no cost.

Tribe AI:

Build AI products that matter — Tribe AI helps organizations rapidly deploy AI solutions that have real business impact. We bring together world class AI talent and tooling to drive differentiated results.

Zoho:

5 common accounting mistakes — This is a guest post by Yaali Bizappln Solutions. A lot of businesses manage their customers and finances on separate platforms. This disconnect often leads to missed invoices …

Hamming: