Today in Tech: How Facebook's millionaires will change Valley real estate

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* Silicon Valley real estate prices are already on the rise, but given Facebook's impending IPO, expect them to go even higher. Case in point: 10 Palo Alto homes sold last month above their asking price. (The New York Times)

Yahoo CEO Scott Thompson

* Yahoo CEO Scott Thompson wants to steer the struggling Internet company away from revenues derived from web sites and advertising towards sales from fees and commissions. Thompson however hasn't yet given more details. (The Wall Street Journal)

* Groupon's (GRPN) first quarterly earnings report proved surprising. Though revenues beat analyst expectations with $506 million, net income was way off: 2 cents a share net loss versus the predicted 3 cents a share profit. As a consequence, company shares tumbled more than 10% after hours (Tech Trader Daily)

* If you aren't already familiar with the term "collaborative consumption," here's a primer. (Hint: startups like Airbnb are predicated on the theory.) (Mashable)

* How AOL (aka "Facebook 1.0") apparently blew its lead. (The Wall Street Journal)

* Tech blog GigaOm is acquiring the media site paidContent. (TechCrunch)

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Posted in: Airbnb, AOL, Facebook, GigaOm, Groupon, Yahoo

• The "end of TechCrunch"? It might not be such a bad thing

  What would the startup scene be like without the blog that currently animates it? A whole lot better, actually.

  FORTUNE -- At TechCrunch's Disrupt conference earlier this year, Michael Arrington brought Arianna Huffington on stage and the two played "The Odd Couple" for 10 minutes. "How the hell did we both end up at AOL?" Arrington asked, musing on AOL's purchase of TechCrunch for a reported $25 million and The Huffington MORE

  Chadwick Matlin - Sep 7, 2011 2:17 PM ET
  Posted in: AllThingsD, AOL, Arianna Huffington, BetaBeat, Bits, BusinessInsider, Dealbook, Fortune, GigaOm, huffington post, Michael Arrington, TechCrunch, The New York Times, VentureBeat

• GigaOM jumps the Steve Jobs WWDC keynote gun

  Reports that Apple had announced he will be speaking at WWDC turn out to be a year out of date.

  In what may be a record for the number of crossed-out words in a single item, GigaOM's Charles Jade has retracted nearly everything he posted Tuesday morning, admitting shamefacedly that he "mistakenly referenced a [year] old press release."

  His original post, quoting an official Apple (AAPL) announcement "highlighting Steve Jobs as keynote MORE

  Philip Elmer-DeWitt - May 24, 2011 12:42 PM ET
  Posted in: Apple, GigaOm, Keynote, Steve Jobs, The Loop, Worldwide Developers Conference, WWDC

• Today in Tech: News around the Web

  A round-up of the companies, deals, and trends that made headlines.

  Every day, the Fortune staff spends hours poring over tech stories, posts, and reviews from all over the Web to keep tabs on the companies that matter. We've assembled the day's most newsworthy bits below.

  Facebook CEO Mark Zuckerberg set the record straight about that potential "Facebook phone" during a MORE
  JP Mangalindan, Writer - Sep 23, 2010 7:30 AM ET
  Posted in: Adobe, AOL, Better Place, cloud computing, Dell, Facebook, Financial, Flipboard, GE, GigaOm, Halo, Mark Zuckeberg, Michael Dell, Mike Arrington, Mobile, Netflix, Nintendo, Samsung, T-Mobile, Tablets, Tim Armstrong, Twitter