10 Things You Need To Know This Morning

verizon ceo Ivan SeidenbergVerizon CEO Ivan Seidenberg

Photo: Associated Press

Good morning! Here’s the news:

  • Apple is expanding its production lines to make more iPads.
  • Sean Parker bemoans the state of venture capital, saying it poses a “systemic risk” to the nation if VCs don’t get better returns on capital.
  • Apple exec Phil Schiller is on Twitter, using Instagram, but not tweeting very often.
  • Zynga says it wants to IPO, not sell.
  • Yelp is offering up check-in offers like Facebook Places and Foursquare.
  • Apple is planning a big event for the middle of December to announce Rupert Murdoch’s tablet focused news venture, The Daily, as well as a few other things.
  • Verizon wants the government to completely redo telecom laws.
  • Steve Wozniak says Apple bought Nuance a speech recognition company. (Nobody knows if this is true or not.)
  • Accel Partners fund IX has a hall of fame roster with Facebook, Zimbra, AdMob, Citrix, and others.
  • HP beat earnings, had a rosy outlook for 2011, and planned on raising the R&D budget as well as employee pay.

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