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With less than 24 hours left for the mega sporting event to kick start, Google has come up with a colorful doodle on the occasion of Opening Ceremony of the 2012 London Olympics, officially called as the Games of the XXX Olympiad.

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Facebook is apparently working with HTC to build its own smartphone, which will be integrated deeply with its various services.

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Zynga posted Q2 2012 earnings today, with revenue of $332 million, up 19% year-over-year, but a net loss of $22.8 million. Its stock has crashed 40% post-earnings.

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This remodeling will go a long way towards clearing the stigma associated with torrent technology, as one that steals money from artists.

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Apple captured a 68.3% market share in the tablet space in Q2 2012, with the iPad 3. Android and Microsoft tablets fell farther behind.

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LG reported a 46% increase in its net profits which grew to $138 million, while revenues declined to $11.16 billion, down 10.6% year-over-year primarily because of declining phone sales.

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AOL reported its earnings for Q2 2012, with revenues down to $531 million but a significant increase in net profits which jumped to around $970 million, owing primarily to its patent sale.

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Google has just added a full featured scientific calculator in Google search, thereby allowing you to perform complex scientific and trigonometrical calculations using only your mouse.

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Netflix reported its earnings for the second quarter of 2012, with revenue of $889 million and a net profit of around $6 million.

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Google has outlined how exactly it valued Motorola when deciding to acquire it, by breaking down the $12.4 billion price tag into various components.

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Foursquare has launched Promoted Updates, a new type of ad unit to monetize its hyperlocal user base and generate revenue from local businesses by guaranteeing footfalls. .

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Here are some juicy tidbits that were revealed in Apple’s Q3 FY12 earnings call by its CEO and CFO.

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Apple has posted its earnings for the third fiscal quarter of 2012, with quarterly revenue of $35 billion. It sold 26 million iPhones and 17 million iPads this quarter.

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Facebook has rolled out additional marketing tools for Pages on its platform. They include scheduled page posts, unpublished page posts and page admin permissions.

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VMware has acquired Nicira, a software defined networking startup which specializes in open source software for virtualized networking, for $1.26 billion.

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