10 Things You Need To Know This Morning


Photo: Groupon via Flickr

Morning! The news:

  • Groupon is abandoning its shady ACOSI accounting metric from its S1 filing.
  • Dropbox is about to close a massive round of funding, and at least one investor has handed it a term sheet valuing it at $10 billion.
  • 45,000 Verizon workers just went on strike: It might be rough getting good customer service for a while.
  • One of Google’s self driving cars got into an accident … when a human was controlling it.
  • Apple execs say they’ll release a cheaper pre-paid iPhone as long as it is an innovative category killer.
  • New York startup SkillShare, which lets anyone become a teacher, is about to raise a healthy round of funding.
  • Apple is — surprise! — being super secretive about its new Grand Central retail store.
  • Everybody hates Google now that it’s trying to do everything.
  • Foursquare CEO Dennis Crowley is the “pied-piper” of New York tech, according to a nice AdAge Profile.
  • Yahoo is getting hurt by all the changes in display advertising, says the NYT.

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