A curated selection of the day's newsworthy tech stories from all around the Web. Read on, and join the conversation with a comment below.

• 

  The new social smartphone app, Color.

  This week, the startup everyone's buzzing about is Color, a free mobile app aimed at creating a social experience that maximizes the smart phone's unique technology. Users share and store photos and videos in visual diaries -- besides being able to view their own media, they can also view media shared by other users nearby and logged around the same time. Color's also worth noting because of its team -- Bill Nguyen of Lala, Peter Pham of BillShrink, and DJ Patil, formerly chief scientist of LinkedIn -- and $41 million pre-launch funding from Sequoia Capital, Bain Capital, and Silicon Valley Bank. (Fortune)

• Apple senior vice president of Mac software engineering Bertrand Serland, one of the architects of the Mac OSX operating system, is leaving. "I've worked with Steve [Jobs] for 22 years and have had an incredible time developing products at both NeXT and Apple, but at this point, I want to focus less on products and more on science." Craig Federighi will take over. (Fortune)
• Meanwhile, Twitter creator and Square co-founder Jack Dorsey could reportedly return to the social network. Though the title of CEO has been thrown around, it's much more likely he'd serve as something like Chief Product Officer. (Business Insider) More