Groupon

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

Fortune's curated selection of tech stories from the last 24 hours. Sign up to get the round-up delivered to you each and every day.

* 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 wants to steer the struggling Internet MORE

The problem with the founder's letter

Like Google and Groupon, Facebook's letter expressed a defiant idealism that -- eventually -- must confront the realities of business.

By Kevin Kelleher, contributors

FORTUNE – For Internet companies going public, the founder's letter is becoming a ritual with a purely symbolic value, a rite of passage into the adulthood of public markets. Larry Page and Sergey Brin started it when Google (GOOG) went public in 2004. Andrew Mason raised it to MORE

Today in Tech: Why 2012 will be huge for Internet IPOs

Fortune's curated selection of tech stories from the last 24 hours. Sign up to get the round-up delivered to you each and every day.

* With both Facebook and Yelp poised to go public next year, the tech industry may raise $11 billion next year, making 2012 the biggest year for U.S. Internet IPOs since 1999 -- a year before the dot-com bubble burst. (Bloomberg)

* Should Research in Motion co-CEOs Jim Balsillie and Mike MORE

Groupon IPO is hot, but its business prospects? Not.

Groupon's IPO is predictably hot, but that won't erase the red flags and caveats that come with its business model.

FORTUNE -- Tech IPOs are infrequent enough these days that when one happens, it's a big deal. Groupon (GRPN) is turning out to be the biggest of big deals (whether Groupon is a "tech company" is open to question, but it's perceived that way, and that's what counts). The very infrequency MORE

Today in Tech: Why the Kindle Fire is good for Apple

Fortune's curated selection of newsworthy tech stories from the last 24 hours. Sign up to get the round-up delivered to you every day.

* Barclays analyst Ben Reitzes met with Apple (AAPL) CEO Tim Cook and CFO Peter Oppenheimer. According to Reitzes, the company believes Amazon's Kindle Fire tablet could actually be good for them, fueling further fracturing, or fragmentation, of the Android platform and driving potential consumers to the iPad. (Business MORE

Today in Tech: Amazon launches e-book library for Prime users

Fortune's curated selection of newsworthy tech stories from the last 24 hours. Sign up to get the round-up delivered to you every day.

* Amazon (AMZN) is launching an e-book library today exclusively for Kindle and Kindle Fire users who are also Amazon Prime subscribers. Initially, the e-commerce giant will offer just 5,000 or so titles -- none of them from the six big publishing houses will. Each user will also only be MORE

Today in Tech: Inside Groupon's tumultuous rise

Fortune's curated selection of newsworthy tech stories from the last 24 hours. Sign up to get the round-up delivered to you every day.

* A titillating in-depth look at Andrew Mason and Groupon's inner machinations that allegedly reveals how the company rapidly evolved into a 10,000-strong organization, what Mason is really like, and why the company lost key executives like COO Margo Georgiadis earlier this year. (Business Insider)

* TechCrunch columnist MG Siegler reports that Google (GOOG) is prepping a MORE

Today in Tech: Nokia's Hail Mary

Fortune's curated selection of newsworthy tech stories from the last 24 hours. Sign up to get the round-up delivered to you every day.

* As previously rumored, Nokia (NOK) announced two new Windows-based smartphones yesterday: the Lumia 800 and the cheaper Lumia 710, both destined for parts of Europe and Asia, with other models presumably coming stateside early next year. Dave Goldman over at CNNMoney has the inside scoop. (CNNMoney)

* Apple (AAPL) filed its MORE

Today in Tech: The exclusive Steve Jobs book excerpt

Fortune's curated selection of newsworthy tech stories from the last 24 hours. Sign up to get the round-up delivered to you every day.

"I'm not a very social person," but "Google+ I instantly found compelling." - Google cofounder Sergey Brin (Search Engine Land)

* Looking forward to Walter Isaacson's authorized biography of Steve Jobs? The first exclusive excerpt, highlighting Jobs' nearly 30-year frenemy relationship with Bill Gates, will run in the latest issue of MORE

Today in Tech: Facebook wants you to 'Subscribe' now

Fortune's curated selection of newsworthy tech stories from the last 24 hours. Sign up to get the newsletter delivered to you every day.

* Facebook unveiled the "Subscribe" button that will allow its 750 million-plus active monthly users to better control what their friends share with them, including updates, photos, videos, and links. It  will also let users "subscribe" to public status updates from others much in the same way Twitter lets its users MORE