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.