Steve Jobs on Why Facebook Is Not Part of Apple's New Ping Music Social Network: "Onerous Terms"

Yesterday, at the Apple music event in San Francisco, I had a short chat with Apple CEO Steve Jobs about its new social music service, called Ping. Essentially, it is a vertical version–in this case for music–of Facebook. But, except for Apple borrowing the blue color scheme from the powerful social networking site, Facebook is nowhere on Ping. So, Jobs explained why.

Publisher of Jobs Obituary Outs Jobs Heart Attack Rumor Writer

So that fraudulent “citizen journalism” report claiming Apple CEO Steve Jobs had been rushed to the hospital with severe chest pains and shortness of breath? The one that allegedly shaved about $4.8 billion off Apple’s market value after Silicon Alley Insider picked it up and published without verifying it? Securities and Exchange Commission investigators have tracked down its author and it’s not the short seller many had expected. It’s an 18-year-old with no clear motive, according to Bloomberg (ironically, the source of the Jobs obituary accidentally posted to news wires in late August).

Jerry Yang: Throne of Blood

Yahoo is certainly embracing its new market underperform rating, isn’t it? With rumors of December layoffs in the wind, shares in the company are trading in the $11 range today, after dipping below $12 Wednesday to yet another new 52-week low. That’s about half the price that Mithras Capital Partners suggested Yahoo sell itself to Microsoft last week.

Yahoo Tech Ticker: Dell's Dilemma

Last year, Michael Dell returned to the computer company that he founded to try to get it back on track. Silicon Alley Insider’s Henry Blodget and I talk about what it will take to get Dell (DELL) moving–innovation–in this video on Yahoo’s Tech Ticker. Here’s the video: