The Wall Street Journal reports that Twitter is looking to raise a new round of private funding that would result an influx of hundreds of millions at a new valuation of $7 billion. The news comes just seven months after the social network raised $200 million at a valuation of $3.7 billion. (Wall Street Journal)
Facebook may reveal Skype integration later this morning at a press event which would mean native video chat for all of its 700 million active users. The timing would be particularly interesting given last week's launch of Google + and its excellent group video chat feature, "Hangout." (TechCrunch)
Hulu, which is currently entertaining talks of a sale, reportedly met with Microsoft last week. Up next? Yahoo. (All Things D)
Can Groupon CEO Andrew Mason fend off the hundreds of daily deals site copycats (aka "Groupon groupies") spawned since the $20 billion company took off? That's just one of the questions Vanity Fair explores in their CEO profile. (Vanity Fair)
It's confirmed: Verizon Wireless is switching to new usage-based price plans on July 7. The three options will incude $30 for 2 GB, $50 for 5 GB ,or $80 for 10 GB, with an overage charge of $10 per GB of data. According to the carrier, existing customers who upgrade on or after July 7 will be able to upgrade to another smartphone and keep their current plans. (Fierce Wireless)
Google plans to rename non-Google-sounding brands like Blogger and Picasa to "Google Blogs" and "Google Photos." The services will stay the same -- it's just the names that will change. (Mashable)
Meanwhile, TechCrunch's MG Siegler argues that Google + is already proving to be a traffic-referring powerhouse for third-party sites. (TechCrunch)