Booting Up: Blame Princeton Students For Creating That “What Would I Say?” Facebook App

"Numbers are hard." (Photo by Steve Jennings/Getty Images for TechCrunch)

Snapchat’s rejection of a multibillion dollar offer from Facebook was made “because they think making a deal now would leave many billions more on the table.” [New York Times]

LivingSocial is “ashamed and embarrassed” that its outage has lasted more than 40 hours. [AllThingsD]

That “What Would I Say?” app for cobbling your Facebook statuses together was a result of a Princeton Hackathon. [New Yorker]

Searching for a new hobby, Google’s Eric Schmidt has joined the board of The Economist. [Guardian]

Apple is requesting an additional $380 million in damages from its argument with Samsung over patent infringements but Samsung only wants to pay $52 million of it. [CNet]


Booting Up: You’d Probably Bail on a Keynote to Watch Some Sailing, Too

This looks p. fun. (Noah Berger/AFP/Getty Images)

Larry Ellison skipped a keynote to watch his team in an America’s Cup race. Because who’s gonna tell that guy no? [Business Insider]

Looks like there’s an MIT computer scientist on this year’s (leaked) list of MacArthur genius grant honorees. [Gawker]

Samsung plans to launch a smartphone with a curved display, progress towards bendy/foldy designs. [Reuters]

Might want to sit down: “Steve Jobs didn’t change the world every two years like clockwork, and he was incrementalism’s grand master.” [Time]

Bow down before the greatness of Myst. [Grantland]


Booting Up: Twitter’s Verified Users Can Now Ignore Everyone Else

We're going to need some mouse ears. (Photo by Brian Harkin/Getty Images)

Samsung’s buttering up startups. What gives? [The Verge]

Sources say Twitter isn’t growing as fast as its own projections. Are you psyched for the IPO hysteria yet? [AllThingsD]

Speaking of: Thanks to new filtering options, verified users never have to see messages from the unwashed masses. [Twitter]

The founders of Google can no longer buy cheap fuel from the Pentagon to operate their private jet, which was part of an agreement to rent a decommissioned airfield from NASA. Sketch. [Wall Street Journal]

No more Facebook credits, apologies to any Facebook credits high-rollers. [TechCrunch]


Booting Up: Apple Is Supposedly Prepping an iPhone Trade-In Program

"Leave me alone." (Photo: Twitter)

Facebook is going to pony up $20 million to some users who were included in its “Sponsored Stories” ad program without receiving their permission. [Wired]

Apple is reportedly going to unveil an iPhone trade-in program in anticipation of the new model coming in September. [AllThingsD]

Alexis Ohanian is going on the offensive and denying rumors that he did work for controversial intelligence agency Stratfor despite a Wikileaks dump that Reddit users are insinuating otherwise. [Daily Dot]

According to a Pew Research study, 10 percent use their smartphones as their sole connection to the Internet. We pity their Facebook experience. [TechCrunch]

Um, get excited for the Samsung Galaxy Gear smartwatch coming next week? [GigaOM]


Report: Samsung Galaxy Explodes On Teen’s Leg

LOOK OUT (Photo: Getty)

Smartphones have already contributed to the destruction of journalism, the game of Snake and countless dinner parties. And now, they’re apparently maiming people’s extremities.

Fanny Schlatter, 18, of Switzerland, was at work when her Samsung Galaxy S3 exploded in her pocket, then burst into flames, according to Le Matin. She sustained third-degree burns and her boss had to rip her clothes off. We don’t know which is worse. Read More

Visiting Dignitaries

Startup Bros Quoting ‘Big Pimpin’ Reaches All-Time High as Jay-Z Cuts Deal With Samsung

You think he ever worries about the symbolism? (Photo: Getty Images/D Dipasupil)

Not to be outdone by Yeezus, Jay-Z announced last night–via a three-minute commercial midway through the NBA finals game–that he’s dropping his own new album, Magna Carta Holy Grail, next month.

Midway through the rambling ad, Jay-Z waxes philosophical, all Paul Graham-like: “That’s why the Internet is like the wild west, the wild wild west. We need to write the new rules.” Apparently, that means cutting a hugely lucrative deal with Samsung to give away a million copies of the album.

Guess someone’s figured out the right way to run this “information wants to be free” racket. Read More