Google’s Larry Page took the reins after a decade of “adult supervision” for Google under Eric Schmidt, as the outgoing CEO called it. The switch comes as mobile gadgets are redefining the way people use the Internet and Google’s main ad business is under threat from fast-growing upstarts such as Facebook and Groupon. Page has yet to make his battle plan public, but industry insiders and analysts expect he will try to shore up Google’s strength in search and mobile while breaking into a red-hot social networking market that has eluded his company.
Google bid $900 million in a “stalking horse” auction for the acquisition of bankrupt Nortel Network’s patent portfolio, in an effort to fight a growing wireless patent war against well-armed mobile superpowers. The company has pushed its Android mobile phone software to the top of the wireless heap, attracting litigation in the process.
Hackers fully cracked Apple’s latest iPhone OS update, according to Redmond Pie. The iOS 4.3.1 jailbreak supports all iOS devices except the iPad 2. Jailbreaking allows users to run apps unsanctioned by Apple and tweak their iPhones, but voids the devices’ warranty.
Online radio service Pandora said it had been subpoenaed by a Federal grand jury investigating the use of customer data by certain popular applications that run on mobile platforms of Apple and Google.
With about 19 months to go until the 2012 presidential election, President Obama launched his reelection campaign with a YouTube video, an email blast and targeted texts, writes Mashable’s Todd Wasserman.