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‘Fail whale’ forces hasty Twitter data center move

An ambitious plan to prevent “Fail Whales,” the cartoon icon that greets frustrated Twitter users during network outages, turned into a fail whale of its own.

A new, custom-built facility in Utah to house computers that power the popular messaging service by the end of 2010 has been plagued with everything from leaky roofs to insufficient power capacity, people familiar with the plans told Reuters. Get the full story »

Amtrak tweeting major N.E. corridor delays

Amtrak is introducing a pilot program to notify Northeast Corridor passengers about major service disruptions via Twitter.

The program using the @AmtrakNEC handle began Tuesday. Get the full story »

Users complain iPhone clock bungles time change

From the Associated Press | Users of Apple’s iPhone peppered Twitter and blogs with complaints that their phones bungled the one-hour “spring forward” to daylight savings time that went into effect overnight Saturday.

Some users’ phones fell back one hour instead of springing forward, making the time displayed on the iPhone two hours off. This is just the latest clock woe for Apple’s chic iPhone. A clock glitch prevented alarms from sounding on New Year’s Day, causing slumbering revelers to oversleep. The devices also struggled to adjust to the end of daylight savings time back in November. Get the full story>>

Twitter CEO: No IPO or funding talks

Twitter has no plan to go public in the near future and does not need additional funds because it is making money, the co-founder of the popular microblogging site said. Biz Stone also dismissed reports JPMorgan Chase & Co. was in talks to buy 10 percent of Twitter for $450 million, which would have valued the company at $4.5 billion. Get the full story »

JPMorgan reported in talks for Twitter stake

A new JPMorgan Chase & Co. technology fund is in talks to buy a substantial stake in Internet messaging and communications site Twitter, the Financial Times reported on Sunday, citing people familiar with the plans.

According to the report, JPMorgan’s Digital Growth fund hopes to acquire 10 percent of Twitter for $450 million, valuing the company at $4.5 billion. Get the full story »

Cash-raising efforts value Zynga at $7B-$9B

Zynga, the company behind popular Facebook games such as FarmVille and CityVille, is in talks with potential investors to raise about $250 million, which would value the startup at $7 billion to $9 billion, according to a published report.

The Wall Street Journal, citing unnamed sources familiar with the matter, said in a report Monday that a decision to raise money could be weeks away if it happens. Get the full story »

Costolo vague in saying Twitter ‘making money’

Twitter Inc. Chief Executive Dick Costolo said the microblogging service is “already making money,” but he did not immediately clarify whether he was referring to revenue or profit.

Costolo made his comments in a webcast keynote address at Mobile World Congress in Barcelona, but a subsequent Q&A period was not streamed on the Internet. Get the full story »

Facebook, Google start wooing Twitter

As Internet valuations climb and bankers and would-be buyers circle Silicon Valley in an increasingly frothy tech market, many eyes are on one particularly desirable, if still enigmatic, target: Twitter.

Executives at both Facebook Inc. and Google Inc., among other companies, have held low-level talks with those at Twitter Inc. in recent months to explore the prospect of an acquisition of the Web-based messaging service, according to people familiar with the matter. The talks have so far gone nowhere, these people say. Get the full story »

SEC looks into Facebook stock deal

The Securities and Exchange Commission has begun examining whether disclosure rules for privately held firms need to be rewritten as a result of recent deals allowing investors to buy shares in Internet companies such as Facebook Inc. and Twitter Inc., according to people familiar with the situation. Get the full story »

Gawker breach spreads to Twitter

A spam attack on Twitter shows why it’s wise to use different passwords for Internet accounts.

Twitter said Monday that hackers broke into an unspecified number of accounts and sent spam promoting acai berry drinks. Twitter says the passwords came from a  breach at Gawker Media, which runs Gawker, Gizmodo and other technology and media sites. People who used the same passwords for both sites were vulnerable. Get the full story »

Twitter co-founder hopes to create news network

Biz Stone, the co-founder of popular microblogging site Twitter, is eager to harness the vast quantities of information that it helps its users share to create a news network, he told Reuters Monday.

A Twitter news network would not necessarily be run by Twitter itself but would be in partnership with several existing news organizations, and would be open, Stone said. Get the full story »

Twitter considers raising over $100 million

Microblogging service Twitter is considering raising funding that would value the company at $3 billion, according to a popular technology blog.

Russian technology investment firm DST Global is seeking to lead the funding round, which would be larger than the $100 million that Twitter raised in September 2009, according to a report Wednesday on the blog TechCrunch. The report said that other investors are also eager to be involved. Get the full story »

Prosecutor: Facebook, Twitter used in stock fraud

Facebook and Twitter social networking sites were used to tout stocks in a classic “pump and dump” fraud of about $7 million that was uncovered during a cocaine-trafficking probe, U.S. prosecutors said on Tuesday. Get the full story »

Ex-Chicagoan Costolo to take over at Twitter

Dick Costolo (Getty Images)

Former Chicagoan Dick Costolo has been elevated to chief executive of Twitter, where he had been chief operating officer for the last year.

Twitter co-founder Evan Williams, who had been CEO of the microblogging service since 2008, announced the change Monday on the company’s official blog. Williams said he’s staying with Twitter and will “be completely focused on product strategy.” Get the full story »

Twitter: Porn pop-up problem fixed

The Twitter homepage on Sept. 3, 2010. Twitter came under attack today as hackers exploited a security flaw to wreak havoc on the microblogging service. (Nicholas Kamm/AFP/Getty Images)

Twitter has fixed a security flaw on its popular social media website after a cyber attack earlier on Tuesday sent some users to Japanese porn websites.

Twitter, which allows users to broadcast short messages of 140 characters or fewer, was flooded with tweets by users who complained on the homepage under such topic headings as ”Twitter got hacked.” Get the full story »