Technology Report: Google urges end to authors' digital book lawsuit

	Click to View in Browser 07/27/2012 Google urges end to authors' digital book lawsuit (Reuters) - Google Inc retook the offensive against thousands of authors claiming it copied their works without permission, and urged the dismissal of a class-action lawsuit arising from its ambitious plan to build the world's largest digital book library. Analysis: Internet stock collapse dents Silicon Valley SAN FRANCISCO (Reuters) - Social media companies, once hailed by their Silicon Valley boosters as world-changing businesses with limitless potential, are instead proving a sobering reminder of how investors can be seduced by Internet hype. Facebook's value slides by $10 billion; outlook unclear (Reuters) - Investors wiped $10 billion off the value of Facebook Inc on Friday, taking the recently listed shares to a new low, after the social network offered no forecast and analysts said mobile investments would put future earnings under pressure. Google admits it did not delete Street View data LONDON (Reuters) - Google Inc said on Friday it had not kept its promise to delete all the personal data, such as emails, its Street View cars collected in Britain and other countries in 2010. Smartphones power record Samsung profit of $5.9 billion during Apple lull SEOUL (Reuters) - Samsung Electronics Co, the world's top technology firm by revenue, reported on Friday a record operating profit of $5.9 billion for the June quarter, as rampant Galaxy S handset sales helped stretch its lead over Apple Inc. Far from Silicon Valley, tech industry finds an oracle RALEIGH, North Carolina (Reuters) - Anand Shimpi is one of the most influential tech industry figures you've never heard of. Facebook revenue growth skids, shares plunge SAN FRANCISCO (Reuters) - Facebook Inc reported a drastic slowdown in revenue growth and offered no financial forecasts to ease worries over the prospects for boosting advertising in its first earnings report as a public company, sending its shares to a record low. Apple U.S. margins for iPad about half of iPhone: filing SAN FRANCISCO (Reuters) - Apple Inc earned gross margins of 49 to 58 percent on its U.S. iPhone sales between April 2010 and the end of March 2012, while gross margins on the iPad were much lower during much of that period, according to a court filing. Twitter suffers second outage in five weeks SAN FRANCISCO (Reuters) - A data center glitch brought down Twitter for roughly 2 hours on Thursday, as the micro-blogging service suffered its second widespread outage in 5 weeks and another blow to its reputation and reliability. Bomb joke tweeter wins landmark ruling LONDON (Reuters) - A British man who joked on Twitter that he would blow up an airport after it closed because of snow has had his conviction for sending a "menacing" message overturned in a landmark ruling for users of social media websites. Related Video Speedo replaces 'shark' suit with torpedo design Entrepreneur helps fight cancer with "hedge fund" Mediafile Sarah McBride Intel Outside: Chipmaker's VC chief sees opportunity outside the US John C Abell Facebook needs a new CEO A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend