10 Things You Need To Know This Morning

steve jobs

Photo: AP

Today’s huge and very sad news is Steve Jobs resigning as CEO of Apple for medical reasons.

  • Jobs will stay on as chairman of the board and participate in major product decisions, although he’s housebound.
  • Tim Cook is taking over as CEO, and with him the company is in the best hands. Here are the other execs who will run Apple post-Jobs →
  • Importantly, Apple will be fine without Steve Jobs, at least for the foreseeable future. 
  • A look back at the life and awesomeness of Steve Jobs →

In other news…

  • Jive Software, a company that makes social networks for companies, files for a $100 million IPO. Jive isn’t profitable and doesn’t expect to be soon.
  • Brightcove, a cloud video hosting company, also filed to go public, and is also losing money.
  • Facebook is working on a photo filter feature, going straight after Instagram.
  • Sports media site Bleacher Report raises $22 million with ambitions to be worth $1 billion one day.
  • What is Jon Miller, News Corp’s digital guru, up to? Insiders tell us.
  • BONUS: Whether you’ve watched it before or not, watch Steve Jobs’ amazing Stanford commencement speech.

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