Freshly Minted

Why’d Apple Buy Beats and Booklamp? Probably to Build a Massive Subscription Platform

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Welcome to Freshly Minted, where we examine an overlooked deal or funding announcement in tech from the past week and tell you what you need to know and why it matters.

The deal: Apple acquired book analysis startup Booklamp for an alleged $10 to $15 million, likely to begin work building a book subscription platform, or something much bigger.

Apple is always stark and shady when it comes to their acquisitions. They’ve bought a number of under-the-radar startups, and when asked why, they offer up the same response:

“Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans.” Read More

Apples and Androids

Reading Habits Indicate Android Users Are Fun, iPhone Users Are Lifehacking Megalomanics

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In the war between iOS and Android, there are a few things we know: iPhone users are big spenders, live in more affluent neighborhoods and are vastly outnumbered by their Android counterparts. But now, we also intimate knowledge of their reading habits, which shows us more about their personalities than anything we’ve seen so far.

Oyster, the Netflix for books, released a study of their readers this morning, comparing the reading habits of iOS users with the Android users that have signed up since their recent Android release and redesign. Oyster told Betabeat that they pulled from their entire user database for the study. Read More

Life is Tweet

WWDC Was a Snore, But the Live Tweeters Really Turned it Out

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The Internet stood still today in hopes that Apple’s WWDC ’14 would give them the first glimpse of the near future in tech. They were, for the most part, sorely disappointed.

There were no new devices, no cool gadgets, no hotly anticipated iWatch, no new iPhone, no line of sick Macbooks. Sure, they finally debuted Healthbook — renamed “Healthkit” — but we’ve known about that for months. Otherwise, they showed off an iOS upgrade, some cosmetic changes to OSX, and a new programming language called “Swift” that’s sending the code community into a frenzy. Read More

When Lawyers Send Letters

Wage Fixing Scandal: Google, Apple, Intel and Adobe Pay $324 Million In Damages

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After the tech crash of the early 2000’s, major tech CEO’s started sending each other emails saying, ‘Hey, why don’t we try not to poach each other’s employees? It could keep salaries from going through the roof.’ Some, including Steve Jobs himself, would call that a gentleman’s agreement. The Department of Justice, however, calls it collusion, and now some of the biggest names in tech history are paying up.

Apple, Google, Intel and Adobe have agreed to settle a class action lawsuit for $324 million, Reuters is reporting. About 64,000 tech workers sought a combined $3 billion in damages, and while the settlement is technically a victory, it comes out to roughly $5,000 per employee — a far cry from the roughly $47,000 each that they wanted. Read More

Expert Thoughts

10 Unusual Things You Didn’t Know About Steve Jobs

The late Steve Jobs, probably thinking about all the unusual things you don't know about him. (Facebook)

I was standing right next to Steve Jobs in 1989 and it was the closest thing I ever felt to being gay. The guy was incredibly wealthy, good looking enough to get any girl, a nerd super-rockstar who had just convinced my school to buy a bunch of NeXT machines (which, btw, were in fact the best machines to program on at the time) and I just wanted to be him. I wanted to be him ever since I had the Apple II+ as a kid. Ever since I shoplifted Ultima II, Castle Wolfenstein and half a dozen other games that my friends and I would then rip from each other and pretend to be sick so we could stay home and play all day. Read More