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May 10

Daily news rundown

  • Waddell & Reed not the cause of the May 6 temporary crash? – back to the investigation drawing board. Link
  • Standard Chartered gives employees a choice between BlackBerries and iPhones – big corporate-culture-shift win for Apple
  • Mallesons/Clifford Chance merger rumors cropping up again – fourth time lucky? Link
  • Apple now sells more mobile handsets than Motorola – with 8.75m iPhones shipped in Q1 versus Moto’s 8.5m – Apple now has 3% of global mobile phone market – that is nothing short of extraordinary (remember that Apple only sells one model… "you can have it in any color as long as it’s black"). Link – Nokia of course leads with 37%, but at least one analyst believes that Symbian’s days are numbered
  • Taiwanese manufacturers reckon 4.5m iPhone 4Gs to be sold in 24 days – according to rumor (I’ll be one of them… my 3G is on its last legs). Link
  • Engineer Alex Payne leaves Twitter to found BankSimple – an appealing idea – sounds like they will be eschewing some exception fees (but I think it’s gonna be very tough to pull off). Link
  • Booyah raises $20m – from Accel Partners – funded in an earlier round by Kleiner Perkins
  • Gilt Groupe raises $35m – from General Atlantic and Matrix – they’ve been in the news a lot recently
  • Groupon acquires German startup Citydeal – sounds like a very smart move and a good way to get into Europe – this is Groupon’s second acquisition after Mob.ly
  • Prominent names revealed as investors in Canvas, Moot’s startup – this is Moot of 4chan fame – investors include Conway, Andreessen, Josh Schachter (del.icio.us), Chris Dixon (Hunch) and Kenneth Lerer (Huffpost)
  • (Yes, too much Apple news.)
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