Today in Tech: Google punishes Overstock, iPad 2 images?

February 24, 2011, 12:50 PM UTC

A curated selection of the day’s most newsworthy tech stories from all over the Web. Sign up to get the newsletter delivered to your inbox every morning.

  •, which recently lost its CEO and COO over fraudulent company activity, elected Jonathan Lu, who led the company’s efforts with the payment service Alipay, to take over the top executive spot. In a company-wide email, Lu urged employees to “forge ahead” and said he would need time to plan the company’s future. (Wall Street Journal)
  • A small French search service, 1plusV, is one of three European countries that have filed charges against Google for allegedly preventing the use of its advertising service, AdSense. According to 1plusV’s lawyer, that practice “impedes the development of efficient vertical search engines” (search via topic, genre, or media type) that could compete with Google’s own services. (New York Times)
  • Google is penalizing after the online retailer violated Google policies forbidding companies from artificially boosting their Google Internet search ranking. As a result, Overstock’s search results, which once appeared at the top, now appear on the fifth or sixth page. (Wall Street Journal)
  • Apple’s new in-app subscription policy, which forbids links to outside app stores and gives the company a 30% cut of all sales moving forward, could cost Amazon between $80 million and $160 million annually. (Fortune)
  • Apple is cutting its $1 million minimum spend requirements for iAd in half to $500,000 to draw smaller advertisers and more brands to the platform. Currently, the Cupertino-based company claims more than 60 successful iAd brand campaigns and a 100% renewal rate. (AllThingsD)
  • The iPad-exclusive newspaper, the Daily, may not remain exclusive for long. An Android tablet launch is reportedly in the works for the second quarter of this year. (AllThingsD)
  • Are these iPad 2 mock-ups from a Japanese blog the real deal or a hoax? If it’s the former, then the second-generation Apple tablet will indeed be significantly thinner with a pretty visible speaker grille on the left side. (9 to 5 Mac)

Don’t miss the latest tech news. Sign up now to get Today in Tech emailed to you each and every morning.