10 Things You Need To Know This Morning

Motorola billboard

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

  • Crazy! Google buys Android handset maker Motorola Mobility for $12.5 billion.
  • Apple is ordering 20 million iPhone 5s for a blockbuster October release.
  • Backup startup Dropbox is being valued at $5 billion dollars.
  • The future of the Facebook platform is media and ecommerce.
  • Google is plugging Google+ into all of its services.
  • The patent system is an innovation tax.
  • Facebook games makers are wary about Google+ because it’s complicated to maintain several platforms and it’s probably still immature.
  • The fastest-growing demographic on Google+ is rich suburban parents.
  • Buddy Media, the Facebook marketing software startup, raises money at a $500 million valuation.
  • BONUS: Big beautiful pictures of Apple’s amazing future campus.