“Technology Investors Turn Wary on Ventures” [NYT]

Facebook Launches SMS service based on Beluga, which they purchased in March. [BI]

Groupon lost $100 million in hiring last month, though their business model has always been questioned re: scalability. [TC]

Here’s a look at the non-app Angry Birds industry. [WSJ]

Ryan Tate on why Wall Street hates Huffpo-AOL. [Gawker]

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