Aereo shuts down TV streaming service for now

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Aereo has paused its operations. Aereo CEO Chet Kanojia sent out an e-mail at 9AM EST on Saturday that informed customers that the company would halt its operations because of a U.S. Supreme Court ruling earlier this week.

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GE launches a $15 connected LED light bulb

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General Electric has announced a $15 connected LED light bulb that is controlled by the Wink app. The connected Link lightbulb is controlled by the Wink app (iOS and Android) from Quirky.

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Cisco Systems, Inc. (CSCO) acquires cloud collaboration startup Assemblage

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Cisco Systems, Inc. (NASDAQ:CSCO) announced that it has acquired cloud platform startup Assemblage. The terms of the deal were undisclosed.

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Apple improves App Store with “Best New Updates” for games

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On Thursday, Apple unveiled a tweak to the iOS App Store that showcases games that were updated in a new “Best New Updates” section. Apple used to curate game updates into a curated “Best New Games” section.
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Seth MacFarlane pledges to match up to $1 million for ‘Reading Rainbow’ reboot

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LeVar Burton, the former host of ‘Reading Rainbow,’ is rebooting the show through funding from crowdfunding website Kickstarter.com. Burton said that Seth MacFarlane has promised to match up to $1 million in pledges made on the Kickstarter website.

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Foursquare starts charging for access to its data

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Location-based social network Foursquare has announced that it will charge businesses for access to its data, according to The Wall Street Journal. Foursquare users “check in” to locations. Foursquare has saved all of the check-ins from restaurants to parks. Foursquare used to offer access to this data for free. Around 63,000 organizations use Foursquare’s data. Foursquare currently generates most of its revenue from localized advertising.

[Source: WSJ]

Yahoo! Inc. (YHOO) rumored to be acquiring Fullscreen for $250 million

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Yahoo! Inc. (NASDAQ:YHOO) may be spending around $250 million to acquire Fullscreen, a company that creates content on YouTube. 

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Facebook Inc (FB) hits 69 million users in Indonesia

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Facebook Inc (NASDAQ:FB) has hit 69 million users in Indonesia. Facebook reported 65 million active monthly users two quarters ago. Indonesia is one of Facebook’s largest markets even though Internet access is not always available.
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