10 Things You Need To Know This Morning

john schappertZynga’s COO, John Schappert, has been stripped of some of his duties.

Photo: Zynga

Good morning! Here’s the news:

  • Google acquired the social media management company Wildfire for $250 million on Tuesday. Here’s how that acquisition may help Google spy on Facebook going forward.
  • In an odd twist, Mark Zuckerberg’s sister and brother-in-law now work for Google as a result of the company’s acquisition of Wildfire.
  • Zynga’s Chief Operating Officer John Schappert has been saddled with some of the blame for the company’s poor performance, Bloomberg reports. Schappert has been stripped of his role overseeing game development.
  • Michael Rubin, the CEO of Kynetic, explains why he just hired Yahoo’s disgraced former CEO Scott Thompson to run one of his e-commerce companies, ShopRunner.
  • Google is pushing back the release of the Nexus Q, its attempt at an Apple TV killer, in order to try to make the device better.
  • News Corp.’s iPad-only publication, The Daily, is laying off a third of its staff.
  • Twitter finally apologized for suspending the account of a British journalist who criticised NBC, Twitter’s partner in Olympics coverage.
  • Twitter’s cofounder Ev Williams wants to tear down a century-old house in San Francisco and build a new one.
  • An ex-Facebook employee opens up about what it feels like to watch the company’s stock tank.
  • In case you missed it: Here are the 25 things you need to know to get the most out of Facebook.

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