10 Things You Need To Know This Morning

Jack Ma

Photo: www.forbes.com

Welcome to August! Here’s what you need to know:

  • The Airbnb #ransackgate continues: now prominent Airbnb investor Paul Graham is suggesting ransacked Airbnb user EJ is lying.
  • Yahoo reaches a deal with Alibaba and Softbank to get out of its Alipay mess–and the market thinks Yahoo got the raw end.
  • Amazon-of-India¬†Flipkart is the first startup out of India to join the billion-dollar valuation club.
  • Foursquare strikes a deal with Groupon, and it is very smart.
  • Microsoft’s Windows Phone revenue is estimated at an “abysmal” $600 million. Yeowch.
  • …Meanwhile Apple has two thirds of the profits of the entire industry.
  • AT&T will slow down data speeds for some customers.
  • Jack Dorsey’s mobile payments startup Square is growing like gangbusters.
  • Everything you ever wanted to know about salaries in Silicon Valley.
  • BONUS: What do you think about the innovation tax?

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