Why Sprint's CEO says his company is 'doing the right thing'; is channel surfing coming to an end?
Beginning this fall, Square will begin processing all U.S. credit and debit card transactions at participating Starbucks stores across their 7,000 locations. Pay with Square users will be able to find a nearby Starbucks in the Square Directory from their iPhone or Android smartphone. Additionally, Starbucks will be investing $25 million in Square for the company's Series D financing round, which clocks in at a $3.25 billion valuation. (Just shy of the $4 billion valuation we'd been hearing about.) Howard Schultz, CEO of Starbucks, will also be joining Square's Board of Directors.
Hesse didn't mince words about those larger competitors: "There's no question that the industry does have an issue with the size of the duopoly of AT&T and Verizon." As for how Sprint itself will deal with that issue, it's probably not a mistake that Hesse's next comment was to express his belief that there would be "more consolidation" in the industry. Smaller players will have to try to size-up so they can compete "because the gap between the top two and number three is so large."
The end of channel surfing? [THE WALL STREET JOURNAL]
App developers are updating the traditional channel guide to show viewers programs that are uniquely relevant to them based on their social circles. Instead of channel-surfing or scrolling through a long list of shows, viewers can use these mobile apps to display shows that they or their friends like based on their preferences. Some of the apps integrate with Facebook Inc.'s social network to identify and recommend TV shows and sports teams liked on the social network.
Did Google have a shill blogger during its recent Java smackdown with Oracle? That's what Oracle would have you believe. Shortly after Judge William Alsup issued an unusual order Tuesday, compelling both parties in the dispute to name writers who they'd paid to publish comments in the lawsuit, Oracle said that Google needs to come clean in the case. "Oracle has always disclosed all of its financial relationships in this matter," said Oracle spokeswoman Deborah Hellinger in an email message. "It is time for Google to do the same." Google declined to comment on the order.
With new top-line investors and a partnership with GE, General Assembly -- a new kind of urban networking campus -- is set to grow fast.
By Alex Konrad, reporter
FORTUNE -- General Assembly, which provides workspace and training for budding, high-tech entrepreneurs in New York City, has just attracted an all-star list of investors: Howard Schultz's Maveron fund, Yuri Milner of DST Global, and Jeff Bezos's Bezos Expeditions. What do they see MORESep 7, 2011 5:00 AM ET
A curated selection of the day's most newsworthy tech stories from all over the Web.Remember when Facebook updated your Profile page back in December? Well, looks like the rest of the social network is catching up. The site released a similar design for fan or group pages like Fortune's -- which, by the way, you should "Like" if you haven't already -- that incorporates many of the same changes with MORE JP Mangalindan, Writer - Feb 11, 2011 6:00 AM ET
In the flood of commentary after Jobs announced his sick leave, some contrarian opinions
There's been no shortage of analysis -- including ours -- in the three days since Apple (AAPL) revealed that its co-founder was taking an open-ended medical leave.
Conventional wisdom has it that the company's existing product lines are in good hands, but that Jobs will be sorely missed when it comes time to invent the next iPod, iPhone MOREPhilip Elmer-DeWitt - Jan 20, 2011 7:59 AM ET
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