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Posted at 8:30 AM ET, 01/12/2011

The Circuit: Verizon iPhone preorders, Facebook paid $8.5M for, Microsoft challenges Apple trademark

By Hayley Tsukayama

LEADING THE DAY: There are scattered reports out of outages at the Verizon Web site as eager consumers rush to preorder the iPhone 4. The Web site AppleInsider reported that many of its readers who were trying to access to Verizon's upgrade site ran into server overload error messages after yesterday's announcement that Verizon would start carrying the phone.

And last night, Verizon's CFO, Francis Shammo, told Bloomberg that Verizon would also begin carrying an iPad that will work directly on its CDMA network, though he did not say when that would be available.

Facebook paid big bucks for Reuters reported Tuesday that Facebook paid the American Farm Bureau Federation $8.5 million for the rights to the domain, which the social network uses for internal purposes. Facebook CEO Mark Zuckerberg announced the acquisition in November but did not disclose its price tag.

Microsoft fights Apple over "app store": Microsoft has asked the U.S. Patent and Trademark Office to deny Apple's trademark for the term "app store," saying the term is too generic to patent. As PC World reported Tuesday night, the status page for Apple's trademark request now notes there is opposition to the registration.

MySpace makes cuts official: Myspace announced that it will cut nearly half of its workforce, confirming rumors about layoffs that circulated late last month. Myspace CEO Mike Jones said the cuts were "tough but necessary" as the company strives to be more nimble.

Facebook to join DOJ, others for major announcement: Facebook, the Department of Justice, the Virginia State Police and the National Center for Missing and Exploited Children will make an Internet safety announcement today in Alexandria. It will be livestreamed at 10:30 a.m. on Facebook DC's streaming video channel.

Tech CEOs at Brookings: Last Thursday at the Consumer Electronics Show, Commerce Secretary Gary Locke said the U.S. is falling behind on technology and innovation. Today, top tech CEOs from AT&T, Time Warner, General Electric and others will join FCC Chairman Julius Genachowski at the Brookings Institution for a day-long discussion on national growth through innovation.

By Hayley Tsukayama  | January 12, 2011; 8:30 AM ET
Categories:  AT&T, Apple, Facebook, Microsoft, Social media, Verizon  
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