This column highlights the most interesting and useful business and financial commentary on technology daily. For Apple-only coverage, see: Apple Sort of Apologizes to Samsung, but Not Really.
Link: Marissa Mayer’s First M&A Deal: Yahoo Acquires Stamped as Part of Major Mobile Push
(NASDAQ:YHOO) has bought Stamped, the New York City-based startup that built an iPhone app to let people record and share recommendations of their favorite things, we’ve confirmed with a source at Stamped. The news has also been confirmed by Yahoo CEO Marissa Mayer, who posted an Instagram of herself
with the Stamped founders.
“The price tag is in the double-digit millions, we hear — a nice return for the startup’s star-studded list of investors
including Ellen DeGeneres and Ryan Seacrest, who pitched a total of $3 million into the company.”
Link: Consolation Prize: The Game Console Is Dead. What Will Replace It?
“In November, Nintendo will release Wii U, the first update to the groundbreaking motion-controlled gaming console that took the industry by storm in 2006. Pundits and developers presume Sony
(NYSE:S) and Microsoft
(NASDAQ:MSFT) will quickly follow suit with their own updated game consoles — also the first in years — though neither have confirmed it.
“Assuming all of these new machines arrive as predicted, they’ll hit store shelves at nearly the exact moment when the venerable game console, and the business model that sustained it, became obsolete.”
Link: Whoops! UK Phone Retailer Spills the Beans on New Nexus 4 Smartphone
"If rumors, listings in retailers' databases, and blurry pictures
don't convince you of an upcoming smartphone's authenticity, retailer screw-ups will. Carphone Warehouse, a UK phone retailer, posted its product page of LG's upcoming Nexus 4 ahead of time, giving the world a clear look at it and its specs ahead of Google's
(NASDAQ:GOOG) planned October 29 Android event
"MoDaCo reports that, as widely expected, the Nexus 4 listing shows hardware broadly similar to LG's new flagship Optimus G smartphone: a 1.5GHz quad-core Snapdragon S4 processor, 2GB of RAM, NFC, and a 4.7-inch 1280x768 pixel display. The 9.1mm thick phone was also listed as having only 8GB of internal storage and no SD card slot for additional storage, though—a perplexing limitation to impose on what is otherwise a high-end phone."
No positions in stocks mentioned.