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Good morning! Here’s the news:
- Paul Graham, the cofounder of Silicon Valley’s most important startup incubator, just emailed portfolio companies warning them that “bad times” may be ahead after the “bad performance of the Facebook IPO.”
- More bad news for Facebook: A new Reuters/Ipsos poll shows that the ads aren’t working and usage rates are declining.
- In other Facebook news, the company is looking to open a new office in New York in the iconic building where the New York Times used to be located.
- Yahoo’s board is getting ready to start another CEO search, but sources close to the situation expect interim CEO Ross Levinsohn to be made permanent, AllThingsD reports.
- It turns out Google X, the company’s top secret research and development division, may be much bigger than we thought. A source tells us that there are hundreds of people working there.
- Google purchased Meebo yesterday. Here’s what you should know about the company.
- The Wall Street Journal has learned that Apple is planning to ditch Google Maps on iOS later this year. Here’s why Google should be freaking out about that news.
- Apple’s developers conference next week may bring about the biggest Mac refresh of all time. Almost every Mac model is expected to get an update.
- Salesforce paid ~$700 million for Buddy Media, but one overlooked section in the deal’s announcement suggests it might have overpaid for a money-losing company.
- Twitter cofounder Biz Stone just inked a deal to publish a book about the lessons he’s learned working in tech. It’s called Things A Little Bird Told Me.