Once the great hope for Barnes and Noble, the company’s Nook business is not looking great today. The company just put out its quarterly earnings release, and the numbers are bad enough that Barnes and Noble plans to stop making its own color Nook tablets, switching to “a partnership model for manufacturing.”
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The Apple e-book trial could go either way, and we may not know the outcome for a few months. But on the second-to-last day of the case, the presiding judge divulged not only her familiarity with the iPad, but also her love for it.
Lisa Rubin, the attorney representing Apple, had Apple iBookstore head Robert McDonald demonstrate the iPad’s page-turning animation when Ms. Cote interrupted, Read More
“Right on cue, we hear cynics asking, ‘But how will they ever make money?’ let alone ‘enough money to justify the valuation.’ Just this weekend, the rumors (and doubts — for example, read the comments) were all about Snapchat.” No, but seriously. [Medium]
Speaking of cash, though: Base salaries for New York City tech jobs are skyrocketing. No surprise there. [Crain’s]
Fred Wilson, cool mom: “I like to be the person the founder calls when he wants advice and counsel.” [PandoDaily]
As appealing as we find the idea of a real-time Google Maps based on Waze’s data, that sounds like it’ll take even longer to load. [Forbes]
In the trial hashing out whether Apple conspired to drive up ebook prices, exec Eddy Cue admitted yesterday that yeah, he totally expected prices to increase as the result of Apple’s plans. But hey, more books! [CNET]
Microsoft recently updated its YouTube app for Windows Phones, but Google isn’t too pleased with the results–going so far as to send a cease and desist. That’s because Microsoft built in features allowing users to block ads. [The Verge]
A spokesman said they’d be “more than happy to include advertising but need Google to provide us access to the necessary APIs.” [The Verge]
“Reading is an activity more likely to be on screen than on the printed page.” So there’s that. [BBC]
Car-sharing service Relay Rides has gotten the ax (locally at least) from the New York State’s Department of Financial Services, who said their insurance is “illegal and inadequate.” [PandoDaily]
Looks like, after technical problems, NASA’s other-Earth-seeking Kepler Telescope is powering down. [Popular Science]
“Throw in with Apple and see if we can all make a go of this to create a real mainstream e-books market at $12.99 and $14.99.” That’s the kind of email that, even if you are Steve Jobs, lands you in hot water with antitrust enforcers. [AllThingsD]
When four of the biggest publishers in the U.S. worked with Apple to create a new model of book sales, one that allowed them to set a minimum price on ebook sales, it was clearly meant to buck Amazon’s stubbon insistence on charging $9.99 even for the newest releases. What wasn’t so clear was the legality of the move. Matters settled into an uneasy truce until April, when the Justice Department accused them all of colluding to fix prices.
Now Macmillan, the last of the book businesses still fighting, has finally caved. As part of the settlement, the company has agreed to let booksellers (i.e. Amazon) resume their previous cost-cutting.
But just because you settle doesn’t mean you have to say you’re sorry. Read More
Oh boy, the big six are just going to love this: Geekwire reports that Amazon has secured a patent for a “secondary market for digital objects,” meaning anything from ebooks to mp3s.
That means Amazon has hammered out the basics of a system that would, according to the abstract from the patent application, let you transfer the ebooks you don’t want anyone into someone else’s Kindle library. In short, you can sell ‘em. Read More
Well, futurists, are you happy now? ABC News reports that there will soon be an American public library that, in fact, has no physical books. Replacing them: a combination of ebooks, ereaders and computer terminals.
An under-the-radar local startup named Oyster has raised a $3 million seed round, GigaOm reports, led by Founders Fund. Other backers include SV Angel, Founder Collective, Shari Redstone’s Advancit Capital, Chris Dixon, Sam Altman and others. But despite the foodie-friendly name, the company has other designs–namely, to feed you books to read on your iPhone.
As cofounder Eric Stromberg explained to Betabeat via email, “Simply put, we are building the best way to read books on your phone, and we think we accomplish that through the subscription model,” he added. Read More
In the old days, back before single-serving Tumblrs and pithy Twitter accounts, you had to be talented or rich or well-connected to nab a book deal. Now, with the democratization power of the Internet, you need a wifi connection and a slightly unhinged obsession with raunchy BDSM sex or a boy band. Welcome to 2012, you guys. Aren’t you just so proud of how far we’ve come? Read More