A lot fewer people activated their iPhones than expected. Apple stock drops about 5% on the news.

That guy who started Netscape just sold his new company to HP for $1.6 billion in cash. He gets $138 million of it. The company he just sold (Opsware, originally LoudCloud) makes software for servers.

They're coming out with a cheaper high-def TiVo.

Everyone's abuzz about those YouTube/CNN debates last night.

Is the power still out at Craigslist/Six Apart/Yelp, etc?

Picture of the first guy in SF at Union Square to get an iPhone, by Phillyist's Matt Johnson at SkyscraperSunset.com.