10 Things You Need To Know This Morning

Steve Ballmer hugging Ryan Seacrest

Photo: AP

Good morning! Here’s the news:

  • Microsoft is investing $300 million in Barnes & Noble. It will spin out the “Nook” e-reader business from Barnes & Noble along with its College business.
  • There’s a new dating app called Skout that raised $22 million. It’s getting a lot of buzz in Silicon Valley right now. Here’s a walk-through of the app.
  • A few startups are trying to become Instagram for videos, and their user numbers have been growing quickly. SocialCam just raised a round from a lot of investors and jumped from 12 to 20 million downloads in one week. 
  • Is it a tech bubble? Investors Chris Dixon and Michael Arrington debate.
  • Rovio’s Angry Birds Space hit the 50 million download mark in record time. It only took 35 days. By comparison, it took Draw Something 50 days to hit the same milestone.
  • Instagram has also been downloaded 50 million times and it is adding 5 million users per week. When it joined Facebook last month it had 35 million downloads.
  • The infamous Winklevoss twins are now investing in early stage startups.
  • RIM is expected to announce its BlackBerry 10 soon. Here’s everything we know about the new device.
  • It looks like Digg’s tech team is getting acquired — or acqui-hired — by The Washington Post. The business isn’t being bought, however.
  • Here’s a ridiculous fact: More people have mobile phones than electricity or drinking water.

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