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.
"I remember him [Larry Ellison] very distinctly telling me one time: Bruce, we can't be successful unless we lie to customers. ... All the things that you would read in books of somebody being a leader, he wasn't. But he was tenacious; he would never give up on anything."
-- Bruce Scott, Oracle co-founder (Tech Crunch and Bloomberg TV)
LivingSocial, the number two most popular local deals site (Groupon being number one) could receive a hefty investment from Amazon amounting to $150 million, raising its valuation to $1 billion-plus. (BoomTown)
|Regulators pave way for Internet "fast lane" with net neutrality rules|
|What stumps Warren Buffett? Minimum wage|
|Analysts offer no apologies for missing Apple's Q2 2014 earnings beat|
|Facebook profit triples on mobile growth|
|Apple shares soar on increased buyback|