Good morning! Here’s the news:
- Twitter just went through a giant reorganization, assigning employees to one of three divisions: consumer growth, advertising and international.
- Twitter is also going on a big international hiring spree and poaching lots of Googlers.
- Meanwhile, we’re hearing that Twitter’s visionary Jack Dorsey has spent a lot less time at the company this year, instead focusing more on his payments startup Square.
- Facebook officially launched its App Store on Thursday (as we reported they would earlier in the week). Here’s why it’s a big deal.
- Facebook also finally got some good news: An upcoming ComScore report reveals that Facebook ads are effective after all.
- LinkedIn put out a statement revealing that nearly 6.5 million accounts were hacked earlier this week. The company is working with the FBI to investigate the situation.
- Google will launch its first Android tablet later this month, which will offer magazine subscriptions from some major publishers.
- A new Bloomberg Businessweek profile of Apple’s global marketing chief Philip Schiller reveals that his power at the company is on the rise, and some employees think that’s a bad thing.
- Speaking of Apple, the company was just granted a patent that should help it crush the Ultrabook competition.
- In case you missed it: These are the 25 people every new founder should meet in New York tech.