10 Things You Need To Know This Morning

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Good morning! Here’s what you need to know:

  • LinkedIn beat expectations in its first earnings as a public company, even showing a profit instead of an expected loss. JP Morgan is upping its price target.
  • Priceline delivered a stunning beat yesterday, sending the stock soaring.
  • This very neat photo-sharing app has Apple and Foursquare obsessed, and we can understand why.
  • The war of words between Google and Microsoft over Android patents continues. This is beginning to look embarrassing for both of them.
  • The next version of Windows Phone, however, looks like an absolute homerun. It could really give Android and iOS a run for their money.
  • Yahoo’s problem? Let us count the ways. Insiders tell us: it’s not just that everyone is demoralized (you already knew that), but the board is completely out of touch (you suspected so) and (perhaps most surprising) all its internal systems are outdated and in bad need of an overhaul. 
  • The Quora hype is dying—but Quora itself is growing. Heartening.
  • Twitter is open-sourcing Storm, its huge powerful real-time data processing tool.
  • Hedge fund manager Eric Jackson says RIM will be dead by 2013. And it looks like he may well be right.
  • CONTEXT: How to think about the terrible market crash yesterday.

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