245: OffLive

On this week’s show, Andy and Devindra look at the trials and tribulations of OnLive, a pioneer in cloud gaming that this week faced bankruptcy, massive layoffs and major restructuring; disappointment in the stock market for Facebook, and record-breaking success for Apple.

But first, the headlines...Wikileaks founder Julian Assange finds asylum in UK's  Ecuadorian Embassy, Twitter clamps down on their API, and a a long hidden security risk is discovered on SMS for iOS.

Headlines

• WikiLeaks' Julian Assange granted asylum in Ecuador
• Twitter clamps down on developers with restrictive API rules
• Huge iOS text message security hole found, dating back to original iPhone

Audible Book of the Week

• Shada: Doctor Who: The Lost Adventure by Douglas Adams, Gareth Roberts

Musical Interlude #1: Video Games by Lana Del Rey

Hot Topic: OnLive Restructuring

• OnLive reportedly hit with mass layoffs, possibly filing for bankruptcy
  • Confirmed: OnLive’s assets sold to another company
  • Cloud-gaming service OnLive reveals details behind its asset sale and new investor
  • Source: OnLive Found A Buyer, Cleaned House To Reduce Liability Prior To Acquisition
  • Game company OnLive reveals new details of restructuring
  • HTC Loses US$40 Million From OnLive Restructuring

Musical Interlude #2: Winners and Losers by Social Distortion

Final Word: Tech Stock Ups and Downs

• Facebook Shares Fall to New Low as Lockup Expirations Begin
• Apple becomes most valuable firm of all time – but Facebook shares hit new low
  • Apple Is Not The Most Valuable Company In The History Of The World

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Geeks Of Doom’s The Drill Down is a roundtable-style audio podcast where we discuss the most important issues of the week, in tech and on the web and how they affect us all.

Hosts are Geeks of Doom contributor Andrew Sorcini (Mr. BabyMan), VentureBeat editor Devindra Hardawar, marketing research analyst Dwayne De Freitas, and Startup Digest CTO Christopher Burnor. Occasionally joining them is Techmeme editor Lidija Davis.