10 Things You Need To Know This Morning

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Photo: WITNESS.org

Good morning! Here’s what you need to know:

  • Twitter is about to raise $800 million at a $8 billion valuation, with $400 million going to insiders.¬†
  • It seems that people aren’t visiting Google+ very often.
  • eBay beats on revenue, slips a little on profits, stock is slightly up.
  • Zillow has a totally crazy IPO, pricing at $20, popping to $60, and falling to around $30 by the close.
  • There’s going to be a huge explosion and shakeout in the daily deals industry, according to a former LivingSocial sales guy we spoke to.
  • Google shuts down Google Labs.
  • Leak! Patch sells ads at a $1,000 CPM.
  • PayPal copies Square, announces a point of sale system¬†to complement its mobile payments service.
  • Yahoo has seen no growth under Carol Bartz.
  • BONUS: Check out this striking fake Apple store in China.

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