Techmeme: How does Groupon work? Is the business model sustainable? (Don Dodge/Don Dodge on The Next Big Thing)

1:55 AM ET, June 6, 2011

Top Items:

WWDC 2011 Prelude — What I Know — If I were to publish everything I know regarding tomorrow's announcements, it would be a short and decidedly unsensational article. What I know are a handful of minor features at the edges. The big picture regarding iOS 5 and iCloud — and how the two interrelate — is an utter mystery to me.

Discussion: Digital Trends, AppleInsider, The Apple Core Blog, I4U News, Gizmodo, MacStories, iPhone Download Blog, Electronista and 9 to 5 Mac

MG Siegler / TechCrunch:

Is This iOS 5? Dunno, But It's Likely The Right Idea — Could it be? Is this it? iOS 5?! I honestly have absolutely no clue. But it certainly seems like it at least could have the right idea. — Tomorrow morning, Apple is set to preview iOS 5 for the first time during the WWDC keynote.

Discussion: LAPTOP Magazine, Gizmodo, MacHackPC, Electronista, iPhone Download Blog, MacStories, Network World and iClarified

Leander Kahney / Cult of Mac:

What Is Steve Jobs Announcing Monday? Here's The Scoop About iCloud & Time Capsules [Exclusive] — Apple has already revealed that Steve Jobs will talk about iCloud, iOS 5 and OS X Lion during his WWDC keynote on Monday morning. — In addition, it's rumored that Apple's wireless Time Capsule backup/router will get a big update.

Discussion: Mashable!, CNET News, SAI, T3.com News, Electronista, Apple Bitch, Gizmodo, TiPb, MacRumors, I4U News, App Advice and iClarified

Mark Gurman / 9 to 5 Mac:
Apple may surprise with June 14 launch of Mac OS X Lion

Discussion: GottaBeMobile, MacRumors, MacHackPC, Electronista, MacStories, Shoutpedia and iClarified, Thanks:markgurman

Kevin Fox / fox @ fury:
My guesses on the huge changes Apple will unveil at WWDC

Discussion: Joel Housman, Cult of Mac, Ars Technica, Fortune and MacDailyNews

Joanna Stern / This is my next:

Windows 8: features, screenshots, and everything else you need to know — It finally happened! On Wednesday, we finally got a glimpse at what Microsoft has in store for its next version of Windows and how it plans to compete in the tablet market. Yes, after months of some leaked screenshots and rumors …

Jean-Louis Gassée / Monday Note:
Transitions: The Nokia Way vs. The Microsoft Way

Discussion: Computerworld

Lionel Menchaca / Dell Community:
Microsoft's Windows 8 Gamble Just Might Work

Discussion: Computerworld and The Business Insider, Thanks:dell

Steve Cheney / steve's blog:

Why Groupon is Worth $25 Billion Dollars — Admittedly, Groupon is a work in progress. They continue to spend insane amounts of money to acquire customers and merchants to try to extend their dual-sided network effect with consumers and merchants. Many people see this as unsustainable, some adamant it's all just a Ponzi scheme.

Discussion: Bloomberg, knewton.com, @msuster and @erickschonfeld

Don Dodge / Don Dodge on The Next Big Thing:
How does Groupon work? Is the business model sustainable?

Discussion: broadstuff and parislemon, Thanks:dondodge

Vinicius Vacanti / Yipit Blog:
The Reports of Groupon's Death Are Greatly Exaggerated

Discussion: SAI, The Business Insider, Digital Trends and SAI, Thanks:vacanti

Sean Hollister / Engadget:

Motorola Droid 3 leaks out in tutorial vids, confirms 8MP camera and 1080p recordings (video) — Verizon and Motorola have kept a tighter lid on the Droid 3 than many recent smartphones we've seen, but a nice big leak just sprang from the bottom of the pot — startup gadget blog PhonePads …

Discussion: CNET News, Examiner, Mashable!, PopHerald.com, BGR, This is my next, PhoneArena, AndroidSPIN, Droid Life, GottaBeMobile, Electronista and Android and Me

Nina Mandell / NY Daily News:

1500 people show up for 16-year-old's birthday party after she forgets to set Facebook settings — It's her party - and she'll invite everyone on Facebook if she wants to. — A 16-year-old girl in Germany ditched her own party after she forgot to set the privacy settings on the invitation and accidentally invited ... well everybody.

Discussion: UPI, Associated Press, Examiner, Gawker, Deutsche Welle, TechCrunch, CTV.ca and Reuters

Chris Buckley / Reuters:

China paper warns Google may pay price for hacking claims — (Reuters) - Google has become a “political tool” vilifying the Chinese government, an official Beijing newspaper said on Monday, warning that the U.S. Internet giant's statements about hacking attacks traced to China could hurt its business.

Discussion: Wall Street Journal, International Business Times and The Next Web

Matt Brian / The Next Web:

Pastebin: How a popular code-sharing site became the ultimate hacker hangout — In recent months, technology news has been dominated by reports of numerous hacking attempts, subsequent break-ins and embarrassment of companies that have seen customer information stolen and their reputations tarnished.

Discussion: Guardian, DailyTech, PC Magazine and Disruptors

Alison Gendar / NY Daily News:

Anthony Weiner's stimulating week: How a lewd Twitter photo may have derailed politician's future — WASHINGTON - In the nano-second it takes to send a tweet, Rep. Anthony Weiner's political career has short-circuited. — From the moment a lewd photograph of bulging briefs was sent …

Discussion: The Smoking Gun, CJR, Daily Kos, Mashable!, Right Wing News and The Huffington Post

Leena Rao / TechCrunch:

Eric Schmidt And Others Invest In Rich Media Display Ad Startup Spongecell — Spongecell, a startup that places rich media ads in display advertisements, has raised a new round of financing led by Eric Schmidt and Jim Pallotta, Chairman and Managing Director of Raptor Group.

Discussion: paidContent

Juro Osawa / Wall Street Journal:

Hackers Attack Nintendo — Nintendo Co. said Sunday that a server for its U.S. unit's website had been hacked into but that no company or customer information was compromised, marking the first time the Japanese gaming giant has been targeted in widespread global hacking attacks.

Discussion: Reuters, Digital Trends, Examiner, VentureBeat, AllThingsD, Guardian, @lulzsec, PC Magazine, PhysOrg.com, FT Tech Hub, Electronista, VG247, climbthenet.com, Neowin.net, GeekWire, Associated Press, Kotaku and Slashdot

Matt Rosoff / SAI: Silicon Alley Insider:

The Silliest Idea Ever: Facebook Going After Google In Search — Yesterday, Blue Nile and Wetpaint founder Ben Elowitz hypothesized on TechCrunch that Facebook could kill Google completely by getting into the search business. — I heard the same idea floated at a dinner for tech journalists hosted …

Discussion: Google Watch, The Business Insider and Beyond Search

Ben Elowitz / TechCrunch:
How Facebook Can Put Google Out of Business

Discussion: @scottbreynolds and SAI

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